JOHANNESBURG – South Africa’s Supreme Court of Appeal has ruled Santam is liable to cover the impact of COVID-19 restrictions on hotel group Ma-Afrika for 18 months, rejecting the insurer’s request for a shorter time frame on the claim, Santam …
The extreme flooding event in Western Europe in mid-July generated the largest insurance industry loss figure so far this year – at current estimates of US$11.0 billion, according to CRESTA, the insurance industry organization that provides a global standard for …
U.S. officials on this week approved a long-lasting fire retardant that could significantly aid in fighting increasingly destructive wildfires by stopping them before they ever start. The U.S. Forest Service approved Perimeter Solutions’ fire retardant that is intended to be …
Arrow Risk Management announced the launch of its new MGA underwriting platform, led by Jon Godfray as chief executive officer and Mark Harrington as chief underwriting officer. The Arrow Risk platform provides a efficient and effective trading environment for underwriting …
New Dawn Risk Group, the London-based broker, announced the launch of its new European subsidiary, New Dawn Risk (Europe), headquartered in Malta. Like its parent company, New Dawn Risk (Europe) focuses on insurance broking for financial and professional lines. The …
Hub International Ltd., a Chicago-based broker and financial services firm, announced it has completed the acquisition of the assets of National Home Warranty Group Inc., a wholly owned subsidiary of Aviva Canada Inc. Terms of the transaction were not disclosed. …
The Florida property insurance community was abuzz this week after word got out that a closely watched complaint about some public adjusters’ apparent conflicts of interest had been withdrawn. The head of investigations for Universal Property & Casualty Insurance, one …
The California FAIR Plan Association announced on Wednesday it has submitted a farm product rate filing to the California Department of Insurance ahead of a 90-day deadline. The deadline to make the filing was imposed in Senate Bill 11. The …
Phil Kalin, president and CEO of Pinnacol Assurance, is retiring from the position, the company announced. Kalin is set to retire as of March 31, 2022, after more than eight years with the company. Pinnacol’s board of directors has launched …
While some insurance firms are pulling out of the troubled Florida property insurance market, Orchid Underwriters Agency is expanding its role in coastal states by partnering with R&Q Accredited, the companies announced this week. “The frequency of severe coastal events …
