Insurance News from January 27, 2021
National News
Pandemic-Related Business Interruption, Cyber Top Business Risks for 2021: Allianz
There was no escaping the coronavirus in 2020 and the pandemic will dominate the risk...
Allstate to Sell Life Insurance Company to Blackstone for $2.8B to Grow in P/C
Investor Sues Drugmaker Astrazeneca Over Coronavirus Vaccine Testing Claims
Airlines Seek WHO Approval of Quarantine-Free Travel After Vaccines
Volkswagen Wants U.S. Supreme Court to Nix ‘Staggering’ Diesel Claims by Counties
International & Reinsurance News
If Tokyo Olympics Canceled, Loss for Insurers Would Be ‘Mind-Blowingly’ Big
LONDON — Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled...
China’s Central Bank Says Ant IPO Could Resume Once Problems Resolved
Everest Re Cites Social Inflation for $400M Prior-Year Reserve Charge
Pandemic-Related Business Interruption, Cyber Top Business Risks for 2021: Allianz
World Economic Forum: Allianz CEO Says Europe Must Alter Capital Rules for Climate
East News
Parents of Maryland Teen Who Died in Class File Lawsuit
The parents of an autistic Maryland teenager who died in class after choking on a glove...
West News
Utility Paying $2B Settlement in Deadly 2018 California Fire
Southern California Edison will pay $2.2 billion to settle insurance claims from a...
Southeast News
Florida Introduces Bill to Protect Businesses from COVID-19 Lawsuits
Florida businesses would be protected from coronavirus lawsuits if they made a good...
Texas / South Central News
Cost of Laura, Delta, Zeta Insurance Claims Up to $7.7B in Louisiana
Through the end 2020 property/casualty insurers have paid or reserved $7.7 billion on...
Midwest News
Bluefire Now Offering Auto Insurance in Illinois
Automobile insurance provider, Bluefire Insurance, has expanded its presence into...