South Africa to Launch Compensation Fund to Allay Vaccine Makers’ Liability Concerns April 20, 2021 JOHANNESBURG – The South African government’s compensation fund to cover potential injuries from COVID-19 vaccines could cost around 250 million...
Everest Re Estimates Q1 2021 Catastrophe Losses of $260 Million April 20, 2021 Bermuda-based Everest Re Group Ltd. estimates pre-tax catastrophe losses for the first quarter of $260 million. Breaking down that total,...
Hungary’s Surprise Veto of $1B Aegon Deal with Vienna Insurance Sparks Dutch Outcry April 20, 2021 By Veronika Gulyas and Alberto Nardelli The Dutch government has raised concerns with Hungarian officials after a decision in Budapest to block the sale of Aegon...
Insurer for Georgia City to Pay $1.7M to Business Owner in Harassment Suit April 20, 2021 A suburban Atlanta barbecue restaurant owner will get $1.7 million to settle a federal lawsuit claiming he was harassed by...
First United Insurance Division Rebrands as Unity Insurance Partners April 20, 2021 Unity Insurance Partners is now the name of the insurance division at Plano, Texas-based financial services firm, First United. First...
Florida Drives Toward Repeal of Motor Vehicle No-Fault Law April 20, 2021 By Amy O'Connor After many years of trying, Florida is closer than ever to repealing its 50-year-old motor vehicle no-fault law. However, many...
Insurers Report Estimated Q1 Catastrophe Losses April 20, 2021 Carriers are starting to report their pretax catastrophe loss estimates for the 2021 first quarter, and the numbers are significant....
How Meatpacking Plants’ COVID-19 Cases Hurt Counties April 20, 2021 An estimated 334,000 COVID-19 cases are attributable to meatpacking plants, resulting in $11.2 billion in economic damage, according to a...
With Claims Rising, Cyber Insurers Need More Than Sizable Rate Increases: Fitch April 20, 2021 Cyber insurance underwriters are reporting substantially higher claims losses in 2020 than in prior years and as a result face...
Digital E&S Broker Pathpoint Releases Lessor’s Risk Commercial Package April 20, 2021 Pathpoint, a digital excess and surplus lines insurance distributor, has launched its Lessor’s Risk Only (LRO) Commercial Package for agents...