Olympics Organizers Remain Committed to Holding Games, Despite Coronavirus March 18, 2020 By Wout Vergauwen The International Olympic Committee remains committed to holding the Tokyo Olympics this year and is confident steps taken around the...
AM Best to Test Insurers for Coronavirus Impact; Fitch Lowers Allstate Outlook March 18, 2020 Ratings firm AM Best said it is developing stress testing that it will conduct on its rated insurance companies’ balance...
New York OTDA Employee Arrested For Nearly $12K Sick-Leave Fraud March 18, 2020 A New York State Office of Temporary and Disability Assistance (OTDA) employee has been arrested after allegedly submitted 13 forged...
Massachusetts’ Governor Baker Announces $10M Small Business Recovery Fund March 18, 2020 Massachusetts Governor Charlie Baker has announced a $10 million small business recovery loan fund to help companies struggling because of...
Governor Wolf Orders COVID-19 Shutdown Across Pennsylvania March 18, 2020 By Marc Levy and Mark Scolforo Pennsylvania Governor Tom Wolf extended a shutdown order Monday to the entire state of Pennsylvania in an effort to halt...
Aspen Appoints Chidwick as Chief Financial Officer, Succeeding Kirk March 18, 2020 Aspen Insurance Holdings Ltd. announced that Kevin Chidwick has been appointed group chief financial officer, effective May 1, 2020. Chidwick,...
P/C Insurers Score Low for Innovation, While Reinsurers Do Better: AM Best March 18, 2020 By Susanne Sclafane In an initial test of its new innovation assessment scores, AM Best found that only 1 percent of rated property/casualty...
Lloyd’s Asks Market Insurers to Provide Estimates for Coronavirus Losses March 18, 2020 Lloyd’s of London has asked its member firms to provide estimates of their potential current and final losses from coronavirus,...
Florida Regulator Directs Insurers to Prepare for Coronavirus-Related Interruptions March 18, 2020 By Amy O'Connor The Florida Office of Insurance Regulation (OIR) is directing all insurers to review and update their business continuity and/or continuity...
Investor Suit Alleges Pharma Company Made False Claim of COVID-19 Vaccine March 18, 2020 By Andrew G. Simpson Pennsylvania-based Inovio Pharmaceuticals is the target of a planned class action lawsuit alleging it falsely claimed it has developed a...