Casino Gambles on Coronavirus Business Interruption Lawsuit Against Lloyd’s, AIG, XL March 24, 2020 A Native American tribe on Tuesday sued a group of insurance companies, asking a court to declare that losses it...
M4.7 Earthquake Confirmed off Coast of Northern California March 24, 2020 A magnitude 4.7 earthquake struck Sunday morning off the coast of Northern California, the U.S. Geological Survey confirmed. The quake...
PG&E Will Plead Guilty to Involuntary Manslaughter in California Wildfire March 24, 2020 Pacific Gas & Electric said it will plead guilty to 84 counts of involuntary manslaughter in connection with the 2018...
Insured Losses for Europe’s Storm Sabine (aka Ciara) Estimated at €1.55B: PERILS March 24, 2020 The initial loss estimate for extratropical cyclone Sabine”, also known as “Ciara” and “Elsa,” is €1.55 billion (US$1.8 billion), according...
Fitch Revises Outlook for London Insurance Sector to Negative on COVID-19 Impact March 24, 2020 Fitch Ratings has revised its outlook for the underlying fundamentals of the London market insurance sector to negative from stable....
World Insurance Associates Acquires Virginia Insurance Partners March 24, 2020 World Insurance Associates LLC (WIA) has acquired Virginia Insurance Partners (VIP). The transaction was effective February 1, 2020, and terms...
Peachtree Special Risk Brokers Acquires Massachusetts’ RLA Insurance Intermediaries March 24, 2020 Peachtree Special Risk Brokers LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of...
A.M. Best Downgrades Rhode Island’s Providence Mutual March 24, 2020 The Providence Mutual Fire Insurance Co. has been dealt a financial strength rating downgrade from A.M. Best. A.M. Best said...
Swiss Re Names da Victoria Lobo as Market Executive for Western, Southern Europe March 24, 2020 Swiss Re has announced that Nikhil da Victoria Lobo, currently managing director and head of Americas for its Public Sector...
BMS Buys Spanish Specialist Insurance Broker Jurado Mata March 24, 2020 BMS Group, the independent specialist re/insurance broker, announced its Spanish subsidiary, BMS Iberia, has acquired Jurado Mata, the Granada-based Spanish...