Here’s What Happened to Commercial Insurance Renewal Premiums in April May 14, 2020 Year over year, all lines of property/casualty insurance business experienced an increase in average premium renewal rate, except workers’ compensation,...
SEC Accuses Two Companies of Making Misleading COVID-19 Claims May 14, 2020 The Securities and Exchange Commission has charged two companies it says claimed to offer products to combat the COVID-19 virus....
Applied Underwriters’ Centauri Files $30M ‘Poaching’ Suit Against Wellington Insurance May 14, 2020 By Amy O'Connor A Florida-based managing general agency has filed a $30 million poaching lawsuit against three former executives and the agency they...
Lloyd’s Expects US$4.3B in COVID-19 Claims – On Par with Costs of 9/11 Terror Attacks May 14, 2020 By L.S. Howard Lloyd’s of London revealed it will pay claims in the range of $3 billion to $4.3 billion as a result...
Financial Trade Group, Stock Exchanges Resolve Broker Liability Database Dispute May 14, 2020 By John McCrank A financial industry trade group said on Wednesday it resolved a dispute with U.S. stock exchanges that had threatened to...
Fitch Sees Little Stress on Insurer Ratings From Pandemic. Thus Far. May 14, 2020 By Andrew G. Simpson Having reviewed 70% of all of the North American insurers it rates for the effects of the coronavirus and economic...
Coronavirus Health Effects Could Last for Years for Some Survivors May 13, 2020 By Lisa Du More than one million people around the world have been deemed recovered from the coronavirus, but beating the initial sickness...
WeWork Directors Move to Protect Right to Sue Owner SoftBank Over Nixed Tender Offer May 13, 2020 By Joshua Franklin A special committee of WeWork board members filed a motion in Delaware on Monday to prevent it from being disbanded,...
RBS Risk Manager Gets Day in U.S. Court Seeking Whistleblower Payout May 13, 2020 By Michelle Price and Sinead Cruise The U.S. Second Circuit Appeals Court on Tuesday considered arguments by an ex-Royal Bank of Scotland employee who is suing...
Trump Safety Regulator Blocks Washington State’s Crude Oil Train Rules May 13, 2020 By Valerie Volcovici The U.S. pipeline regulator late on Monday blocked an effort by Washington state to tighten vapor pressure restrictions on the...