Monthly Archives: <span>July 2020</span>

First American Insurance Agency Acquires Massachusetts’ Morin & Foy

First American Insurance Agency, an independent insurance firm, has acquired Morin & Foy, a property and casualty firm situated in Brimfield, Mass. First American Insurance Agency is only acquiring the Brimfield, Mass., location. Morin & Foy serves its surrounding communities …

InsurTech NY Opens Applications for October Cohort

InsurTech NY has announced that it will be accepting applications for its growth-stage InsurTech accelerator. The application window will be open from July 21 to August 17, and applications will be accepted through the InsurTech NY website. The program will …

Aon and Insurtech Skytek Collaborate to Track Marine Assets During Hurricane Season

With the National Oceanic and Atmospheric Administration (NOAA) warning 2020 will see “above-normal” hurricane activity, Skytek, in collaboration with Aon plc, has responded to the needs of marine re/insurance companies with a new hurricane tracking system, which enables them to …

Analysis: Fintech Funding Slides as Coronavirus Casts a Chill with Venture Capitalists

Aritra Chakravarty, founder of London-based online accounts and investments provider Dozens, admits it’s a tough time to be seeking up to 15 million pounds ($19 million) for a start-up. “It’s definitely a bearish market” said Chakravarty, who is seeking funding …

As COVID-19 Work-From-Home Orders and Online Business Strategies are Revisited, Cyber Coverage Becomes More Important Than Ever

Monrovia, CA, July 29, 2020 – Plum Insurance Services has the Right Program for Wholesale Insurance Brokers. While COVID-19 continues to spread like wildfire, businesses are being forced to either extend their work-from-home approach, or in cases where they have …

First Insurance Company of Hawaii Launches Admitted Parametric Product

First Insurance Company of Hawaii (FICOH) has launched a parametric product for Hawaii homeowners and renters. The FirstTrack product provides coverage for expenses that fall below most hurricane policy deductibles, including hurricane preparation and immediate post-hurricane expenses. According to FICOH, …

S. African Insurers Bow to Policyholder Demands to Pay COVID Biz Interruption Relief

South African insurers are bowing to demands for the payment of losses that businesses suffered during the nation’s lockdown. Momentum Metropolitan Holdings Ltd.’s Guardrisk will make settlement payments to policyholders who submitted business-interruption claims for losses suffered when all but …

Colonial Claims Appoints Cerasuolo as Chief Executive Officer

Colonial Claims, an independent insurance claims service company, has appointed John Cerasuolo as its new chief executive officer. Cerasuolo will work on Colonial’s executive management team, and will serve alongside founder Doug Branham, who will continue his involvement as chairman. …

Kentucky Bars Ordered to Close, Restaurants to Reduce Capacity as Virus Spikes

Kentucky’s governor on Monday ordered that bars close and restaurants scale back indoor service and urged school districts to wait until later in August to resume in-person classes in a new round of actions to combat a spike in coronavirus …

Rising Virus Cases Spark Concern for Florida Nursing Homes

The coronavirus transformed Florida’s nursing homes into closely guarded fortresses beginning in March, with the state banning family visits, isolating infected residents in separate wings and now requiring staff be tested every two weeks. But the explosion of cases statewide …