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....
Parkland Parents Lose Bid to Hold District Liable for Not Warning of Student Danger February 12, 2021 A Florida judge has ruled that a local school district had no responsibility to warn students and faculty at Marjory...
Kotch Joins Core Specialty Insurance in Ohio as Chief Information Officer February 12, 2021 Core Specialty Insurance Holdings Inc. (Core Specialty), based in Cincinnati, Ohio, has appointed Mary Kotch as chief information officer and...