Tracking Tool Spotlights Repetitive Flood Loss Homes Receiving U.S. Taxpayer Funds September 15, 2020 By Leslie Kaufman Passaic County in New Jersey is not in the hurricane belt nor is it on the banks of a major...
OneBeacon Acquires International Bond & Marine Brokerage September 15, 2020 OneBeacon Insurance Group said it has acquired International Bond & Marine Brokerage, Ltd., a privately held brokerage and risk management...
U.S. Court Upholds State Tax on Drugmakers to Defray Opioid Crisis Costs September 15, 2020 By Nate Raymond A federal appeals court on Monday cleared the way for New York state to collect about $200 million from drug...
Coronavirus Pandemic Will Have Severe Impact on Social Inflation: Fitch’s Mazzuoli September 15, 2020 By Robert Mazzuoli Claims inflation for the commercial liability business will increase through 2020, although it was accelerating even before the coronavirus pandemic...
COVID-19 Crisis Reveals Contract Clarity Lessons, Digital Opportunities: Flandro September 15, 2020 By L.S. Howard In every crisis, lessons must be learned, but opportunities also are revealed. And so it goes with the COVID-19, which...
Neptune Flood Expands Coverage to Include All NFIP Classes September 15, 2020 Neptune Flood, an AI-driven flood insurance company, has expanded its flood insurance products to now include all NFIP product types....
Daimler to Pay $2.2 Billion for Clean Air Violations Over Diesel Emissions September 15, 2020 By David Shepardson Daimler AG will pay $2.2 billion to resolve a U.S. government diesel emissions cheating investigation and claims from 250,000 U.S....
Reinsurance Sector ‘Stable’ Despite Major Headwinds: AM Best September 14, 2020 By Adrian Leonard The tailwinds propelling the global reinsurance sector are sufficient impetus for the ratings agency AM Best to retain its stable...
Why the Coronavirus Recession Is Not Like the Last Recession September 14, 2020 By Howard Schneider and Jonnelle Marte Judith Ramirez received a letter this month that she’d been dreading: The Honolulu hotel that furloughed her from a housekeeping...
Lloyd’s Names AIG/Blackboard’s Schoberth to New U.S. Market Development Position September 14, 2020 Lloyd’s of London has appointed Uwe Schoberth as U.S. market development director, a new role focused on expanding its strategic...