Idaho Insurance Producer Ordered to Cease and Desist for Misusing Premiums March 25, 2020 The Director of the Idaho Department of Insurance issued an order to cease and desist against Charlotte Jane Sheppard of...
ONI Risk Partners Adds Wood as Commercial Insurance Risk Advisor in Kentucky March 25, 2020 ONI Risk Partners, an EPIC Company, has hired Brian Woods as a Commercial Insurance Risk Advisor in Kentucky. Wood will...
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...