Mass. Division of Insurance Approves 6.8% Reduction in Workers’ Comp Rates April 2, 2020 The Massachusetts Division of Insurance has approved a 6.8% reduction in the existing overall average workers’ compensation insurance rates for...
Everest Re Group Hires Lodge as Chief Financial Officer of Everest Insurance April 2, 2020 Everest Re Group Ltd. has hired Dana Lodge as chief financial officer of Everest Insurance, reporting to Everest Insurance President...
World Insurance Associates Acquires Rhode Island’s Mazzotta Insurance Agency April 2, 2020 World Insurance Associates LLC (WIA) acquired Mazzotta Insurance Agency of Providence, R.I., on March 1, 2020. Terms of the transaction...
Aon Enhances Reinsurer E-Trading Portal to Support Remote Working During Pandemic April 2, 2020 Aon plc, the global re/insurance broker, has enhanced its reinsurer trading portal, ABConnect Placements, to electronically bind treaty placements with...
Lemonade Launches in Its 2nd European Country: The Netherlands April 2, 2020 Lemonade, the New York-based insurer that is powered by artificial intelligence, has launched in a second European country – the...
COVID-19 Pandemic Threatens Gulf Insurers’ Earnings: S&P Report April 2, 2020 The fallout from the coronavirus pandemic and tumbling oil prices threaten the earnings of insurers in the Gulf, S&P Global...
Initial Insured Losses for UK’s February Floods Estimated at £297M (US$367.8M): PERILS April 2, 2020 Initial insured losses for the floods that hit the UK in February are estimated at £297 million (US$367.8 milion), according...
Germany to Provide Credit Insurance Guarantees to Keep Trade Flowing: Sources April 2, 2020 The German government and the country’s credit insurance industry have agreed to help to maintain insurance cover for trade despite...
Allianz Global Corporate & Specialty Names Shahkarami as 1st Chief Data Officer April 2, 2020 Ali Shahkarami (46) has been appointed as chief data officer for Allianz Global Corporate & Specialty (AGCS). In this newly...
Louisiana Spillway May Have to Be Opened for a Record 3rd Year in a Row April 2, 2020 A major flood control structure on the Mississippi River may have to soon be opened up to ease pressure on...