Texas Cities Issue Mandatory Evacuation Orders as Hurricane Laura Advances August 25, 2020 By Stacy Fernández, The Texas Tribune The mayor of Galveston, Texas, has called for a mandatory evacuation of the city after Tropical Storm Laura strengthened into...
Coronavirus Pandemic Makes Politically Risky World Even Riskier August 25, 2020 The global COVID-19 pandemic has exacerbated an “already volatile political risk landscape” with most countries recording elevated political risk. According...
Alphabet’s Verily to Launch Insurer Focused on Employer Medical Stop Loss Market August 25, 2020 By Andrew G. Simpson San Francisco-based Verily, an Alphabet company, is creating a subsidiary, Coefficient Insurance Co., to compete in the medical stop loss...
Lloyd’s Gets to Keep $3 Million Because FDIC Waited Too Long to Collect August 25, 2020 Lloyd’s of London does not have to pay the U.S. government’s Federal Deposit Insurance Corp. $3 million in judgment interest...
Taiwan Claims Alibaba-Linked Site Is Cyber Security Risk August 25, 2020 Taiwan declared an e-commerce platform linked to China’s Alibaba Group a potential security risk and has told its operator to...
Storm Damages New Hampshire Cottages, Creates Waterspout Over Lake August 25, 2020 A strong storm damaged vacation cottages on New Hampshire’s Lake Winnipesaukee Saturday. The fast-moving system brought strong winds and heavy...
Maryland County Washing Away, Residents Face Hard Choices August 25, 2020 By Scott Dance High tides surging from a narrow creek destroyed the car Kathy Blake once parked in her gravel driveway here. Over...
Conn. Offers Coverage Guidance Due to Power Outages After Tropical Storm Isaias August 25, 2020 In the aftermath of Tropical Storm Isaias, Connecticut Governor Ned Lamont and Insurance Commissioner Andrew N. Mais are reminding policyholders...
Lloyd’s Appoints Canal’s Bond as U.S. Head of Claims August 25, 2020 Lloyd’s of London has named Carey Bond as U.S. head of Claims, a newly created role that stems from the...
Insurance Run-Off Specialist Marco Capital Acquires British Reserve from Allianz August 25, 2020 Newly-launched insurance run-off specialist Marco Capital Holdings said it has agreed to purchase British Reserve Insurance Co. Ltd., a UK...