North Carolina Suit Could Signal Change in COVID Claims Disputes October 5, 2021 By William Rabb Since the pandemic began, most of the COVID-19-related business interruption disputes have not gone in favor of the policyholders, especially...
UK Competition Authority Investigating Gallagher Bid to Buy Willis Re October 5, 2021 By Susanne Sclafane The UK’s Competition and Markets Authority (CMA) said today that it is investigating the anticipated acquisition of the treaty reinsurance...
People Moves: New Hire at Paragon; Promotions at Preferred Mutual October 5, 2021 Connecticut’s Paragon Insurance Holdings Hires Koller Paragon Insurance Holdings hired Duffy Koller as president of its newly formed casualty excess...
Morse Insurance Agency Merges with Habig & Magoon October 5, 2021 The Morse Insurance Agency Inc. merged with the Habig & Magoon Insurance Agency on October 1, 2021. In the mid-1980s,...
InsurTech NY Announces Launch of Insurance Collaboration Index October 5, 2021 InsurTech NY, a resource for the InsurTech community in the New York metro area, announced the launch of its Insurance...
Swiss Re Estimates Europe’s July Floods to Cost Insurers $12 Billion October 5, 2021 Swiss Re estimated total insured market losses of the insurance industry due to the July floods in Europe at approximately...
Swiss Re Estimates Hurricane Ida Could Cost Insurers $30 Billion October 5, 2021 On an industry level, Swiss Re now estimates that total insured market losses from Hurricane Ida to be in the...
UAE Property Group Makes High Bid for Surfside Condo Site October 5, 2021 A Miami judge has approved the contingent sale of the Surfside, Florida, property where a 12-story condominium building collapsed in...
China Tells Insurers, Banks They Must Ensure Coal, Power Financing Needs Are Met October 5, 2021 By Ryan Woo China’s banking regulator said on Tuesday that lenders including policy banks must ensure that the financing needs of the coal...
Jury Orders Tesla to Pay $130M to Former Worker Over Racially Hostile Workplace October 5, 2021 A federal jury on Monday has ordered Tesla Inc to pay more than $130 million in damages to a Black...