Fitch Ratings announced a dimmer “sector outlook” for global reinsurers—changing it to negative from stable, pointing to increased concerns over COVID-19. Rating agencies like Fitch offer two types of outlooks for segments of the insurance and reinsurance markets—sector outlooks and …
Six global and national insurance companies have agreed to offer ‘cancel for any reason’ travel policies in New York state as the coronavirus pandemic continues to spread. The insurance companies offering this coverage include Allianz, Nationwide, Starr Indemnity, Berkshire, Crum …
National Aon, Willis Towers Watson Global insurance brokers Aon and Willis Towers Watson announced a definitive agreement to combine in an all-stock transaction with an implied combined equity value of approximately $80 billion. Under the terms of the agreement unanimously …
Earthquake / DIC Market Detail: Western Security Surplus Insurance Brokers LLC (www.wssib.com) has 11 carriers offering: DIC, earthquake, flood, EQSL, replacement cost, competitive deductibles, full limits or loss limits, primary or excess limits, limits up to $100 million available, and …
Distracted Driving Addressed “With this legislation, South Dakota can join a growing list of states that are taking steps to address distraction-related motor vehicle crashes and fatalities.” — Steve Schneider, American Property Casualty Insurance Association (APCIA) vice president, Midwest region …
National EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, has expanded its insurance offering in the farm and ranch insurance market with a new practice being led by Chris Moore, president of …
AmTrust Financial Services said it will transfer to Liberty Mutual’s Safeco Insurance unit the renewal rights for the personal lines business in six states of Dallas-based Republic Group, an AmTrust company. The deal will allow Republic General Agency personal lines …
Lighthouse Property Insurance Corp. plans to acquire its sister carrier, Prepared Insurance Company (Prepared), from Prepared Holdings Group. Lighthouse is a Louisiana-domiciled property and casualty insurance carrier authorized to write policies in Louisiana, Texas, North Carolina and South Carolina. Prepared …
A woman is suing a family entertainment center saying her hair got caught in a machine at the Southeast Portland center for 20 minutes. Ashreana Scott is suing CEC Entertainment, also known as Chuck E. Cheese family fun center, for …
The husband of a California woman who was found beaten to death at a Nevada casino is suing the hotel and casino. An attorney for Robert Morris filed the lawsuit in Washoe County District Court in connection with the death …
