Fitch Sees ‘Modest’ Homeowners Insurance Underwriting Loss for 2020 February 19, 2021 The homeowners insurance industry is poised to shift to a modest underwriting loss for 2020, reports Fitch Ratings, citing losses...
UK to Set Up Green Finance Hubs to Encourage Banks, Insurers to Invest in Renewables February 19, 2021 By Alex Morales The UK will set up green finance hubs in Leeds and London as part of efforts to encourage lenders and...
Insurers Expect ‘Hundreds of Thousands’ of Claims from Texas Storm February 19, 2021 By Suzanne Barlyn U.S. property insurers are bracing for claims for damage from collapsing roofs, bursting pipes and lost business as Texas takes...
UK Court Rules Uber Drivers Should Be Classed as Workers, in Blow to Business Model February 19, 2021 By Costas Pitas LONDON – A group of Uber drivers are entitled to worker rights such as the minimum wage, Britain’s Supreme Court...
SPAC Backed by AmTrust Executives Files for $300M IPO February 19, 2021 By Sohini Podder A blank-check firm, backed by AmTrust Financial Services Chief Executive Officer Barry Zyskind, is looking to raise $300 million through...
Caribbean Agricultural Workers Keep Fighting for Compensation from Pesticide Exposure February 19, 2021 By Danica Coto SAN JUAN, Puerto Rico – Agricultural workers who have long sought compensation for contamination from a pesticide banned in France...
Swiss Re Reports Larger-Than-Expected Annual Loss of US$878 Million February 19, 2021 Swiss Re swung to a larger-than-expected annual loss on Friday, pressured by $3.9 billion in claims and reserves related to...
Specialty Lines MGA Ensurance Completes New Capacity Deal with AXA February 19, 2021 Ensurance, the London-based specialty managing general agent, has announced a new capacity deal with AXA Insurance UK plc for its...
Officials: ‘Freak Storm’ Caused Deadly North Carolina Tornado February 19, 2021 By Bryan Anderson North Carolina Gov. Roy Cooper said Wednesday that the state must learn from the surprise tornado that struck Ocean Isle...
North Carolina Offering Altered Road Test for Teen Drivers to Receive Licenses February 19, 2021 North Carolina’s Division of Motor Vehicles has started offering road tests to teen drivers again. The Raleigh News & Observer...