15 12, 2020

Insurance Office of America’s Adds Dominguez in Western Region

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Insurance Office of America has added Alex Dominguez to its Western region team. Dominguez joins the San Diego, Calif., branch location as a commercial lines producer. He was previously a commercial insurance broker at Rock 10 Insurance Services, and has …

15 12, 2020

Minnesota Senate Passes $216M Virus Aid Package for Businesses, Workers

By | December 15th, 2020|Uncategorized|Comments Off on Minnesota Senate Passes $216M Virus Aid Package for Businesses, Workers

The Minnesota Senate has voted on Dec. 14 to pass a $216 million relief package aimed at businesses and workers who took the biggest hit from a four-week “pause” ordered by Gov. Tim Walz as increasing coronavirus cases threatened to …

15 12, 2020

California Seeks Court Help With Investigation of Amazon Coronavirus Policies

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California Attorney General Xavier Becerra on Monday petitioned a court to force Amazon.com Inc. to comply with outstanding subpoenas over a state investigation into its handling of the coronavirus pandemic. The petition, filed with the Sacramento County Superior Court, accused …

15 12, 2020

Reuters – Aon’s $30B Bid for Willis Towers Watson Faces EU Probe: Sources

By | December 15th, 2020|Uncategorized|Comments Off on Reuters – Aon’s $30B Bid for Willis Towers Watson Faces EU Probe: Sources

BRUSSELS – Aon’s $30 billion bid for Willis Towers to create the world’s largest insurance broker faces a full-scale investigation because of its complexity, two people familiar with the matter said. The companies, which are the second and third-largest brokers …

15 12, 2020

Swiss Re Corporate Solutions Authorized in S. Africa to Write Direct Insurance

By | December 15th, 2020|Uncategorized|Comments Off on Swiss Re Corporate Solutions Authorized in S. Africa to Write Direct Insurance

Swiss Re Corporate Solutions announced it has received a direct insurance authorization from the South African joint regulators Prudential Authority and Financial Sector Conduct Authority. Located in Johannesburg and fully operational, Swiss Re Corporate Solutions Africa offers customers in South …

15 12, 2020

Bipartisan COVID-19 Plan Helps Businesses, Unemployed; Splits State Aid, Liability Shield

By | December 15th, 2020|Uncategorized|Comments Off on Bipartisan COVID-19 Plan Helps Businesses, Unemployed; Splits State Aid, Liability Shield

A bipartisan group of lawmakers released proposed Covid-19 relief legislation that may provide momentum for breaking a months-long impasse, by separating out coronavirus liability protections and state aid — the two most contentious and partisan items. After Republicans and Democrats …

15 12, 2020

Philadelphia Insurance Promotes Glomb to CEO; O’Leary Continues as Chairman

By | December 15th, 2020|Uncategorized|Comments Off on Philadelphia Insurance Promotes Glomb to CEO; O’Leary Continues as Chairman

Philadelphia Insurance Companies announced that after 38 years with the company, Bob O’Leary will step aside as chief executive officer at the end of the year. President John W. Glomb is being promoted to CEO effective January 1. O’Leary spent …

15 12, 2020

Canada Regulator to Allow Insurers, Banks to Pay Some Special Dividends

By | December 15th, 2020|Uncategorized|Comments Off on Canada Regulator to Allow Insurers, Banks to Pay Some Special Dividends

TORONTO – Canada’s financial regulator said on Monday it could allow institutions to pay special non-recurring dividends under “exceptional circumstances,” even as it maintains a March moratorium on broader dividend increases and share buybacks. The Office of the Superintendent of …

14 12, 2020

Impact of Coronavirus on U.S. Economy Could Be $3-$5 Trillion Over 2 Years: USC Study

By | December 14th, 2020|Uncategorized|Comments Off on Impact of Coronavirus on U.S. Economy Could Be $3-$5 Trillion Over 2 Years: USC Study

The COVID-19 pandemic could result in net losses from $3.2 trillion and up to $4.8 trillion in U.S. real gross domestic product (GDP) over the course of two years, a new University of Southern California (USC) study finds. The pandemic’s …

15 12, 2020

SEC Fines Argo Ex-CEO Watson $450K for Not Disclosing $5.3M in Personal Perks

By | December 15th, 2020|Uncategorized|Comments Off on SEC Fines Argo Ex-CEO Watson $450K for Not Disclosing $5.3M in Personal Perks

The Securities and Exchange Commission has fined former Argo Group chief executive officer and president Mark Watson III for his role in the firm’s failure to disclose more than $5.3 million worth of perks and personal benefits. The SEC said …