South African Insurer Santam Loses COVID-19 Business Interruption Test Case November 18, 2020 By Roxanne Henderson A Cape Town court ordered Santam Ltd. to pay out business-interruption claims to two South African hospitality companies, potentially opening...
Atlanta-Based INSUREtrust Adds Waldrep as Account Manager November 18, 2020 Atlanta-based INSUREtrust has added Patrick Waldrep as an account manager in Georgia. Before joining INSUREtrust, Patrick worked as a sales...
West Virginia Boarding School Settles Abuse Lawsuit for $52M November 18, 2020 A lawsuit alleging widespread abuse at a now-closed northern West Virginia boarding school has been settled for $52 million. The...
HSCM Bermuda Takes Majority Stake in Florida Insurer Southern Fidelity After Merger November 18, 2020 By Amy O'Connor After a tumultuous year that included double-digit rate increases, an intervention by the state regulator and a merger, Florida-based insurer...
Insurers Using Counter-Intuitive Arguments to Escape COVID Liabilities: UK Regulator November 18, 2020 By Kirstin Ridley and Carolyn Cohn Insurers are trying to escape liability for pandemic-related business losses with counter-intuitive arguments that go against the essential purpose of...
Gray Surplus Lines Insurance to Launch Dec. 1 in Louisiana November 18, 2020 Metairie, La.-based Gray Insurance Co. is expanding its excess casualty capabilities with the launch of Gray Surplus Lines Insurance Co....
Despite Warnings and Laws, Drivers Continue to Be Distracted by Phones November 18, 2020 Despite education programs and state laws, phone-based driving distraction is still on the rise—and is likely responsible for far more...
Allied World Sells Majority Stake in High-Net Worth Insurer Vault November 18, 2020 By Andrew G. Simpson Fairfax Financial Holdings and its subsidiary Allied World Assurance Co. have agreed to sell their majority interests in Florida-based high-net...
Nearly 90,000 Sexual Abuse Claims Filed Against Boy Scouts in Bankruptcy November 18, 2020 By David Crary Close to 90,000 sexual abuse claims have been filed against the Boy Scouts of America as the Monday deadline arrived...
Crest Insurance in Arizona Names Wimmer Personal Lines Manager November 18, 2020 Crest Insurance Group LLC of Scottsdale, Ariz., has added Sarah Wimmer as a personal lines manager. Wimmer will oversee employees...