Colorado Man And His Insurer to Pay $500K Over 2017 Wildfire March 19, 2020 A Colorado man and his insurance company paid $500,000 to the U.S. government over a wildfire that burned federal land...
California Calling for 60-Day Premium Grace Period Amid COVID-19 Outbreak March 19, 2020 California Insurance Commissioner Ricardo Lara is asking insurers for a grace period on paying premiums. Lara today issued a notice...
Alera Group Acquires Pennsylvania’s Trilogy Group Benefits March 19, 2020 Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, has acquired Trilogy Group Benefits...
Netflix Sued by Former Prosecutor Over Portrayal in ‘Central Park Five’ Miniseries March 19, 2020 By Helen Coster and Jessica DiNapoli A former prosecutor who ran the sex crimes unit in the Manhattan District Attorney’s office in 1989 sued Netflix on...
Proposed N.J. Bill Would Require Insurers to Pay COVID-19 Business Interruption Claims March 19, 2020 By Elizabeth Blosfield A proposed New Jersey bill, which aims to create business interruption insurance coverage for COVID-19 related claims despite virus exclusions...
Restaurant Suit Tests Business Interruption Insurance for Coronavirus Shutdowns March 19, 2020 By Jim Sams A restaurant in the heart of the New Orleans tourism district filed a lawsuit on Monday asking a state judge...
Willis Towers Watson Taps Marsh’s Finbow as Head of FINEX Financial Institutions March 19, 2020 Willis Towers Watson announced the appointment of Susan Finbow as global head of FINEX (financial, executive and professional risks) Financial...
UK’s Prudential to Buy Thai Bancassurance Partnership from FWD Group March 19, 2020 By Manuel Baigorri Prudential Plc, the UK insurer besieged by activist investor Third Point, has agreed to acquire a bancassurance partnership in Thailand...
Growing Exodus of Workers from City of London Cripples Small Businesses March 19, 2020 By Neil Callanan, Greg Ritchie and Anooja Debnath At lunch hour, James Leahy’s Burrito Joe stall in the City of London’s financial district is usually buzzing as people...
Lloyd’s Closes London Underwriting Room in Response to Coronavirus Crisis March 19, 2020 By L.S. Howard After conducting a successful stress-test last week of its electronic trading system, Lloyd’s has made the decision to close its...