Insurance News from May 12, 2020
National News
FCCI Insurance Terminates CEO Johnson Days After His Arrest
Craig Johnson, chief executive officer of Florida-based FCCI Insurance Group, has been...
International & Reinsurance News
French Mutual Covéa Scraps $9 Billion Purchase of PartnerRe from Exor
French insurer Covéa has walked away from its planned $9 billion purchase of...
UK Financial Services Firms Weigh Options for Post-Coronavirus Work Arrangements
Commercial Insurance Rates in Q1 Rise 14%, Even Before Impact of COVID-19: Marsh
Insurers Must Re-Think Pandemic Response or Risk Reputational Damage: UK’s Airmic
Allianz Posts 29% Drop in Q1 Net Profit as COVID-19 Crisis Slows Business
East News
New Jersey Woman Struck by Telephone Pole to Receive $125M from Verizon
The family of a woman who was paralyzed when she was struck by a falling telephone pole...
West News
Workers’ Comp May Need Backstop as Presumptions Push Claim Costs into Billions
An executive order by California Gov. Gavin Newsom last week is the most aggressive yet...
Southeast News
Florida Market Study Will Evaluate Exposures, Strategies for Citizens Property Insurance
Citizens Property Insurance Corp., Florida's insurer of last resort, has moved forward...
Texas / South Central News
Study: Pandemic Leaves 1 in 4 Unemployed in New Orleans
One out of every four workers in New Orleans is without a job because of the...
Midwest News
Indiana Trucking Insurer, Protective, Looking at Contingent Sale Offer
Carmel, Indiana-based Protective Insurance Corp. (Protective) reported that a special...