PG&E Finds Fire Insurance Tough to Get and Costly After Bankruptcy, Fires July 31, 2020 By Mark Chediak PG&E Corp. is finding it very costly to buy fire insurance after wildfires triggered by its power lines sent the...
Lloyd’s Launches Culture Dashboard, Sets Gender Target for Market July 31, 2020 The Lloyd’s re/insurance market has launched a Culture Dashboard and has set a gender target for the market supported by...
COVID-19 Couldn’t Stop Robust Quarter for ILS Issuance: Aon July 31, 2020 Usage of insurance linked securities the first six months of 2020 is already 20% higher than all of 2019, underscoring...
Canadian Life Insurers to See Double-Digit Profit Drop in Q2 on COVID-19 Impact July 31, 2020 By Nichola Saminather Canadian life insurers are set to see double-digit earnings decreases in the second quarter as the pandemic-induced economic slowdown has...
EU Begins to Tackle Cyber Warfare with Targeted Sanctions July 31, 2020 By Natalia Drozdiak, Birgit Jennen and Nikos Chrysoloras Taking a firm geopolitical stand, the European Union imposed sanctions on targeted individuals and entities from Russia, China and North...
S. Africa Insurers’ COVID-19 Payments May Be Too Little, Too Late, for Some Businesses July 31, 2020 By Emma Rumney and Joe Bavier South African small businesses fighting rejected coronavirus-related claims said insurers’ offers of relief are too little too late for many...
Alabama Environmental Regulator, 3M Reach Agreement on Contamination Cleanup July 31, 2020 The Alabama Department of Environmental Management announced Friday that it has reached an agreement with chemical giant 3M regarding cleanup...
USG Insurance Services Hires Florida-Based Morgan July 31, 2020 USG Insurance Services, Inc., a national wholesaler and MGA, has hired Mark Morgan as producer/broker: Property, in Tampa, Fla. Morgan...
Swiss Re Confirms H1 Loss of $1.1B with Combined Ratio of 115.8% July 31, 2020 Reinsurance company Swiss Re said on Friday the $2.5 billion in claims and reserves related to COVID-19 that it booked...
NYPD Reports $1M in Damage to 303 Police Cars Since Floyd Death July 31, 2020 New York City police say 303 department vehicles have been vandalized since George Floyd’s May 25 death, causing nearly $1...