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...
Crum & Forster Adds Quaranta, Borovski to East, Southeast eRisk Teams February 19, 2021 Crum & Forster has expanded its eRisk team with the addition of Cassie Quaranta as an executive underwriter in the...
Allianz’ 2020 Operating Profit Drops 9.3% in First Decline Since 2011 February 19, 2021 FRANKFURT – German insurer Allianz posted its first fall in annual operating profit in nearly a decade on Friday on...