Insurance News from January 09, 2020
National News
U.S. Had 14 Weather Disasters of $1 Billion or More in 2019
The U.S. had 14 weather disasters costing $1 billion or more last year, with Midwest...
International & Reinsurance News
Parametric Insurance Fills Gaps Where Traditional Insurance Falls Short
Although parametric solutions have been generally available since the late 1990s, they...
Beazley and RenaissanceRe Launch Cyber Catastrophe Cover Backed by Capital Markets
Coverys European Holdings Buys AEC SpA, Rome-Based Lloyd’s Coverholder, Broker
Travelex Ransomware Attack Part of Growing Trend in Cyber Crime: CyberCube
U.K. Lawmakers Approve EU Exit at End of January with 11 Months of Trade Talks Ahead
East News
Police Report Multiple Injuries in 30-Car Maine Highway Pileup
Multiple people were injured in a major pileup involving about 30 vehicles during the...
West News
Uber Halts Upfront Ride Pricing in Response to New California Worker Law
Uber Technologies Inc. on Wednesday informed its California customers that it would...
Southeast News
More Than a Dozen Florida Insurers Facing Ratings Downgrades
The rating agency responsible for assigning financial stability ratings (FSR) to more...
Texas / South Central News
SLTX: Texas E&S Premium Up 14.3% in 2019
The Surplus Lines Stamping Office of Texas (SLTX) reports that excess and surplus lines...
Midwest News
U.S. Safety Agency Opens Probe into Deadly Tesla Crash in Indiana
The U.S. National Highway Traffic Safety Administration (NHTSA) said it is launching an...