Irish Regulator Presses Insurers to Pay COVID-19 Claims Following Court Ruling February 12, 2021 By Padraic Halpin Ireland’s central bank governor told insurers to urgently honor and pay valid claims related to COVID-19 disruption, following a successful...
Finnish Insurer Sampo Books Q4 Loss on Banking Group Stake February 12, 2021 By Tarmo Virki Finnish financial group Sampo on Thursday reported a fourth-quarter loss as the company booked a 899 million euro ($1.09 billion)...
Zurich 2020 Profit Drop of 8% Reflects Pandemic, Catastrophe Claims February 12, 2021 By Brenna Hughes Neghaiwi Zurich Insurance’s new capital target disappointed market expectations on Thursday, even as claims related to the COVID-19 pandemic and higher...
Bond Insurer MBIA Agrees to Settle Mortgage Claims Against Credit Suisse February 12, 2021 By Kanishka Singh New York-based municipal bond insurer MBIA Inc.’s unit MBIA Insurance Corp. entered an agreement to settle a litigation it filed...
New York Woman Arrested for Insurance Fraud in Obtaining $200K of iPhones February 12, 2021 A Bronx, New York, woman has been arrested and charged with fraudulently obtaining more than $200,000 worth of iPhones from...
Baltimore County School Board to Address Ransomware Attack February 12, 2021 The Baltimore County Board of Education has approved more than $1.7 million in contracts for services that were necessary after...
Florida Consumers ‘Flabbergasted’ by Property Insurance Rate Hikes February 12, 2021 By Suzanne Barlyn Florida property insurers are jacking up rates by double-digit percentages, blaming the hikes on lingering damage from past hurricanes, a...
Amazon Sues New York Over COVID Workplace Safety, Firing Lawsuit February 12, 2021 By Jeffrey Dastin Amazon.com Inc. on Friday sued New York’s attorney general to stop the state from filing its own lawsuit over the...
Lawmakers Vote to Extend Georgia COVID Lawsuit Shield by One Year February 12, 2021 By Ben Nadler The Georgia state House has voted in favor of extending by one year a law that protects businesses from being...
Cody Appointed President of Orchid Insurance February 12, 2021 Kathy Cody has been appointed president of Orchid Underwriters Agency, LLC (Orchid Insurance), a specialty underwriter of catastrophe-exposed property insurance....