Fidelis Raises $185M of Capital, Bringing 2020 Total to More than $1.3B December 10, 2020 Fidelis Insurance Holdings Ltd. announced it has raised in the fourth quarter of 2020 an additional $60 million of equity...
Efma and Accenture Launch 6th Annual Innovation in Insurance Awards December 10, 2020 Efma and Accenture are now accepting applications for the sixth annual Efma-Accenture Innovation in Insurance Awards, which recognize insurers and...
Royal Caribbean Cruise Cut Short When Passenger Tests Positive for COVID-19 December 10, 2020 SINGAPORE – An elderly passenger on board a Royal Caribbean “cruise to nowhere” has been diagnosed with the coronavirus, prompting...
‘Urgent Action’ Needed to Help Stranded Sailors and Avoid Supply-Chain Risks December 10, 2020 By Alastair Marsh Fidelity International is calling for urgent action to address the humanitarian crisis and supply-chain risks caused by the more than...
Why World Bank’s Controversial Pandemic Bonds Didn’t Function as Hoped December 10, 2020 By Tracy Alloway and Tasos Vossos In late January 2015, just after the deadliest outbreak of Ebola in history, then-World Bank President Jim Yong Kim stood...
Credit Suisse Shuts Humbolt Re and Kelvin Re After Investor Withdrawals December 10, 2020 By Patrick Winters and Marion Halftermeyer Credit Suisse Group AG is winding down two reinsurance vehicles with assets of about $2 billion after key investors moved...
Florida Courts Clarify Role of Appraisal in Coverage Claim Disputes December 10, 2020 By Kimberly K. Berman For first party property claims, lengthy and costly litigation is not always the only mechanism for resolving a dispute. Most...
Explosion at West Virginia Chemours Plant Prompts Shelter-In-Place December 10, 2020 An explosion at a West Virginia chemical plant on Tuesday night prompted authorities to order residents within 2 miles of...
GE Settles with SEC for $200M Over Misleading Power, Insurance Accounting December 10, 2020 By Katanga Johnson and Rajesh Kumar Singh General Electric Co. has agreed to pay a $200 million penalty to settle charges for misleading investors over how it...
Authorities Target Rise in Road Rage, Aggressive Driving in Houston-Area December 9, 2020 By Juan A. Lozano Houston-area authorities on Dec. 8 announced a new task force to combat a more than 30% rise in road rage...