Insured Pandemic Losses ‘Manageable’ as Earnings’ Event, Not a Capital Event August 28, 2020 While COVID-19 losses are large and significant for the insurance sector, they are an earnings’ event, rather than a capital...
Software Firms, MGA Systems and NetRate, Merge August 28, 2020 Two technology providers for managing general agency marketplace are merging their products and firms. MGA Systems Inc., a provider of...
Bayer’s $11 Billion Roundup Settlement Hits Some ‘Bumps’ August 28, 2020 By Mrinalika Roy and Tom Hals German drug company Bayer AG said on Thursday there were “bumps” in sealing its $11 billion settlement of thousands of...
How to Build an Insurance or Any Business with Community at the Center August 28, 2020 By Lori Widmer It’s a common corporate practice to use philanthropic pursuits to improve both their communities and public images. Some organizations donate...
Analytics Helping Insurers Identify Workers’ Compensation ‘Mega’ Claims More Quickly August 28, 2020 By Jim Sams The share of “mega” workers’ compensation claims — those expected to cost $3 million or more — climbed steadily since...
CFC to Expand Coverage to FinTechs with Package Policy August 28, 2020 CFC, a specialist insurance provider of emerging risks, has expanded its suite of products for financial institutions with the launch...
North Carolina Fines Gerber Life Insurance Co. $1.1 million for Claims Violations August 28, 2020 The North Carolina Department of Insurance has entered into a voluntary settlement agreement with Gerber Life Insurance Company that includes...
North Carolina Insurance Donor to Appeal Conviction, Accuses Commissioner of Perjury August 28, 2020 By Gary D. Robertson An insurance company founder and big political donor heading to prison after being convicted of attempting to bribe North Carolina’s...
FBI Recovers $3M in Stolen Ventilators in South Florida August 28, 2020 By Amy O'Connor A $3 million shipment of ventilators stolen that was stolen earlier this month was recovered in South Florida, the FBI...
North Dakota High Court: Dem Insurance Commissioner Candidate Ineligible August 27, 2020 The North Dakota Supreme Court has ruled that the Democratic nominee for insurance commissioner is ineligible for the November ballot....