Zurich Insurance’s new capital target disappointed market expectations on Thursday, even as claims related to the COVID-19 pandemic and higher losses from natural catastrophes bit less than expected into full-year earnings. Insurers have faced hefty claims from event cancellations and …
New York-based municipal bond insurer MBIA Inc.’s unit MBIA Insurance Corp. entered an agreement to settle a litigation it filed in 2009 against lender Credit Suisse and certain affiliated entities over property debt in the United States. The settlement followed …
A Bronx, New York, woman has been arrested and charged with fraudulently obtaining more than $200,000 worth of iPhones from an insurance company. Rosanna Lucrecia Cruel Blanco, 39, was charged by criminal complaint with one count of conspiracy to commit …
The Baltimore County Board of Education has approved more than $1.7 million in contracts for services that were necessary after a ransomware attack on school systems in November. Administrators told board members that they expect the school system’s cyber insurance …
Florida property insurers are jacking up rates by double-digit percentages, blaming the hikes on lingering damage from past hurricanes, a wave of litigation, and a law that encourages lawyers to sue by allowing courts to award them big fees. The …
Amazon.com Inc. on Friday sued New York’s attorney general to stop the state from filing its own lawsuit over the online retailer’s early response to COVID-19, including its firing of activist Christian Smalls. In a complaint in Brooklyn federal court, …
The Georgia state House has voted in favor of extending by one year a law that protects businesses from being sued by a person that blames them for contracting COVID-19. The protection is currently set to expire on July 14. …
Kathy Cody has been appointed president of Orchid Underwriters Agency, LLC (Orchid Insurance), a specialty underwriter of catastrophe-exposed property insurance. Brad Emmons, chief executive officer at Orchid, said Cody, who joined Orchid Insurance in 2019 as chief operating officer, has …
A Florida judge has ruled that a local school district had no responsibility to warn students and faculty at Marjory Stoneman Douglas High School of the danger posed by a former student who would later be accused of a mass …
Core Specialty Insurance Holdings Inc. (Core Specialty), based in Cincinnati, Ohio, has appointed Mary Kotch as chief information officer and member of the company’s executive committee. Kotch has more than 20 years’ experience in strategic technology innovation, application shared services, …
