Legacy Specialist Enstar Provides $2.3B Adverse Development Cover for AXA XL February 25, 2021 Enstar Group Ltd. announced that one of its wholly owned subsidiaries has signed an agreement to provide adverse development cover...
Chubb’s Digital Blink Targets Consumer Sales via Partner, Affinity Companies February 25, 2021 Chubb has launched a digital platform for selling selected insurance coverages to “digitally savvy” consumers, primarily through affinity, company and...
Munich Re’s 2020 Profit Drops 55% on COVID-19-Related Reinsurance Claims of $4.1B February 25, 2021 Munich Re reported a profit of €1.21 billion (US1.47 billion) for 2020, a 55% decline from the €2.71 billion (US$3.29...
Déjà Vu: P/C Insurance Challenges for 2021 Look Much Like 2020’s, Says AM Best February 25, 2021 The U.S. property/casualty insurance (P/C) industry could experience déjà vu in 2021 in terms of financial results. Many factors that...
Nevada Lawsuits Filed Against Auto Insurers over Rates in Pandemic February 25, 2021 By Michelle L. Price Class action lawsuits were filed in Nevada against 10 major auto insurance companies this week, contending that the companies charged...
Federal Aviation Safety Oversight Remains Weak, Vulnerable, Says Watchdog February 25, 2021 By Alan Levin The U.S. regulator that approved the flawed Boeing Co. 737 Max design has continuing weaknesses and is vulnerable to “future...
Airline to Pay $3.2M After Woman Dies at Oregon Airport February 25, 2021 A jury has ordered Alaska Airlines to pay $3.2 million to the family of a 75-year-old disabled woman who died...
Most of Texas Deep Freeze $90 Billion in Losses Avoidable, Modeler Says February 25, 2021 By Brian K. Sullivan Texas’s deep freeze and power outages last week could cost as much as $90 billion in losses, and most of...
World Insurance Associates Acquires New Jersey’s Szerlip & Company February 25, 2021 World Insurance Associates LLC (WIA) acquired Szerlip & Company of Millburn, New Jersey, on January 1, 2021. Terms of the...
Glatfelter Insurance Appoints Murray as President of Claims Management Business February 25, 2021 Glatfelter Insurance Group (GIG), an American International Group Inc. (AIG) company, has appointed Conor Murray as president of Glatfelter Claims...