28 12, 2020

Applied Underwriters Hires 3 from AIG to Lead New Fine Art and Collectibles Business Unit

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Insurer Applied Underwriters has named three executives from AIG’s Private Client Group to develop its new Applied Fine Art and Collectibles business unit that is based in New York. Ronald Fiamma will serve as president of Applied Fine Art and …

28 12, 2020

BP Spill Money to Help Enlarge Louisiana Coast Island, Expand Wildlife Refuge

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Money from the 2010 BP PLC oil spill in the Gulf of Mexico is being used to help to expand the size of the U.S. wildlife refuge off Louisiana’s coastline. Work has begun off Louisiana on a project to more …

28 12, 2020

North Carolina Restaurant Owners, Workers Clash Over COVID Safety

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Restaurant owners, who have seen their capacity and hours limited by government entities, are struggling to keep the doors open, while their staff, often in a very public-facing position, try to stay both employed and healthy. The tension in the …

28 12, 2020

Christmas Day Blast Rocks Downtown Nashville, Damages Dozens of Buildings

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Federal agents spent the weekend probing an explosion that rocked downtown Nashville as investigators scoured hundreds of tips and leads in the blast that damaged dozens of buildings on Christmas morning. More than 48 hours after the explosion, a motive …

28 12, 2020

After Year’s Best IPO, Lemonade Insider Selling Lockup Expiration May Pressure Stock

By | December 28th, 2020|Uncategorized|Comments Off on After Year’s Best IPO, Lemonade Insider Selling Lockup Expiration May Pressure Stock

The best-performing listing of 2020 is poised to enter the new year with extra volatility after insider selling restrictions expire this week. Insurance provider Lemonade Inc. is trading more than 350% above its July 1 initial public offering price, the …

28 12, 2020

Insurance Journal’s Top 10 (+1) Most Read Stories of 2020- National Region

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There were, of course, recurrent topics and themes– from the coronavirus to business interruption to cyber to acquisitions to the Trump Administration to hurricanes — that dominated property/casualty insurance national news in 2020. At the same time, certain individual national …

28 12, 2020

Philadelphia Insurance Promotes Pottle to Chief Strategic Operations Officer

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Philadelphia Insurance Companies (PHLY) has promoted Bob Pottle to executive vice president and chief strategic operations officer (CSOO). The CSOO role is a newly created position that will use Pottle’s 34 years of leadership and experience at PHLY to enhance …

28 12, 2020

Insurance Journal’s Top 10 Most Read Stories of 2020: East Region

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Here’s a look back at Insurance Journal’s most read stories of 2020 for the East region, based on readership metrics: 1. Proposed N.J. Bill Would Require Insurers to Pay COVID-19 Business Interruption Claims A proposed New Jersey bill in March …

28 12, 2020

SynchronoSure, American European to Offer General Liability for Small Trucking Firms

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Synchrono Group, doing business under SynchronoSure, and American European Insurance Group (AEIG) have expanded their partnership to include trucker general liability insurance for small trucking companies. SynchronoSure will underwrite and administer the business on behalf of AEIG ultimately in 14 …

28 12, 2020

What Will Brexit Trade Deal Mean for City of London?

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LONDON – Britain, which left the European Union in January, loses full access to the bloc under transition arrangements that end at 2300 GMT on Dec. 31. The 27-nation EU is Britain’s biggest financial services customer, worth about 30 billion …