Insured Pandemic Losses ‘Manageable’ as Earnings’ Event, Not a Capital Event August 28, 2020 While COVID-19 losses are large and significant for the insurance sector, they are an earnings’ event, rather than a capital...
Software Firms, MGA Systems and NetRate, Merge August 28, 2020 Two technology providers for managing general agency marketplace are merging their products and firms. MGA Systems Inc., a provider of...
CFC to Expand Coverage to FinTechs with Package Policy August 28, 2020 CFC, a specialist insurance provider of emerging risks, has expanded its suite of products for financial institutions with the launch...
North Carolina Fines Gerber Life Insurance Co. $1.1 million for Claims Violations August 28, 2020 The North Carolina Department of Insurance has entered into a voluntary settlement agreement with Gerber Life Insurance Company that includes...
Apple Can’t Dodge California Lawsuit Claiming Sex-Bias for Canceled Contract August 27, 2020 Apple Inc. can’t dodge a lawsuit in which it’s accused of canceling a contract with a janitorial service because the...
European Union Safety Agency to Start 737 MAX Flight Tests August 27, 2020 The European Union Aviation Safety Agency (EASA) said on Thursday it plans to begin flight tests of U.S. planemaker Boeing...
Pricing Is Only Bright Spot in ‘Anemic’ Earnings Picture for Reinsurers: Moody’s August 27, 2020 By Susanne Sclafane Even though investment returns rebounded from first-quarter levels during the second quarter of 2020, claims from COVID-19 created an “anemic...
New Jersey Driver Accused of Texting Gets Prison in Pedestrian’s Death August 27, 2020 A New Jersey woman has been sentenced to five years in prison in the death of a pedestrian that prosecutors...
Virginia Man Pleads Guilty to $1M Virus Fraud Scheme August 27, 2020 A northern Virginia man has pleaded guilty to a $1.4 million fraud scheme to obtain federal funds meant for businesses...
UConn Receives $768K for Study of Crumbling Foundations August 27, 2020 The federal government has awarded the University of Connecticut $768,000 to fund ongoing research into the problem of crumbling home...