U.S. Says 7 Firms Falsely Claiming Products Treat COVID-19 March 9, 2020 The Federal Trade Commission and U.S. Food and Drug Administration (FDA) have warned seven companies for allegedly selling unapproved products...
Europe’s Storm Dragi-Eberhard Cost Insurers €782M (US$882.9M): PERILS March 9, 2020 PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, disclosed its fourth and final loss estimate of €782...
Colorado Refinery to Pay $9M for Air Violations March 9, 2020 The Canada-based owner-operator of a Denver, Colo.-area oil refinery will pay $9 million to settle air quality violations dating to...
Nexus’ Broking Division Xenia Buys Howden’s UK Trade Credit Business March 9, 2020 Insurance intermediary holding company Nexus Group announced that its independent broking arm, Xenia Broking Group, has entered into an agreement...
Small Earthquake Confirmed in Southcentral Alaska March 9, 2020 Residents of Homer, Anchorage and Eagle River reported feeling a small earthquake that hit south-central Alaska Saturday. The Alaska Earthquake...
‘Cancel for Any Reason’ Travel Policies Offered in New York as Coronavirus Spreads March 9, 2020 Six global and national insurance companies have agreed to offer ‘cancel for any reason’ travel policies in New York state...
AM Best Puts Ratings of Brazil Reinsurer IRB Under Review on Governance Issues March 9, 2020 AM Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer...
Professional Insurance Agents of Connecticut Elects Prast as President March 9, 2020 The Professional Insurance Agents of Connecticut Inc. has elected Gerard Prast of Wallingford, Conn., as president at the association’s Annual...
Aon to Buy Willis Towers Watson March 9, 2020 Global insurance brokers Aon and Willis Towers Watson announced a definitive agreement to combine in an all-stock transaction with an...
UK Insurance Claims from Storms Ciara and Dennis Estimated at US$473.7M March 9, 2020 Insurers expect to make payments to customers hit by the recent Storms Ciara and Dennis of over £363 million (US$...