Munich Re’s Q2 Net Profit Slumps 42% on COVID-Related Losses August 6, 2020 German reinsurance group Munich Re posted a 42% decline in second-quarter net profit, with around 700 million euros ($832 million)...
Insurer AXA, With H1 Net Income Down 40%, Warns of Future COVID-19 Shocks August 6, 2020 By Benjamin Robertson AXA SA’s profit sank in the first half as it booked a 1.5 billion-euro ($1.8 billion) charge for claims related...
Urban Flooding Is On The Rise, So What Can Be Done? August 6, 2020 By Lisa Miller As hurricane season heats up, a growing number of properties located outside of FEMA-designated high-risk flood zones are already flooding....
Cannabis Broker Spotlight: Flux’s Prince Sees Greatest Value in Being an Advisor August 6, 2020 By Don Jergler Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how...
United Valley Insurance Services Adds Kulchin Ross in California August 6, 2020 United Valley Insurance Services Inc. has added as new member in Kulchin Ross Insurance Services LLC Tarzana, Calif. Kulchin Ross...
AIG’s Zaffino Sees COVID-19 Creating Beneficial ‘Flight to Quality’ August 6, 2020 By Mark Hollmer AIG President and Chief Operating Officer Peter Zaffino said that the insurer has seen accelerated rate improvements and other gains...
Liberty Mutual Reports Q2 Loss on COVID-19 Event Cancellations, Storms, Downturn August 6, 2020 Liberty Mutual Holding Co. reported a net loss of $320 million for the second quarter versus net income of $397...
Minnesota Governor Makes Another Request for Federal Aid to Rebuild After Unrest August 5, 2020 Minnesota Gov. Tim Walz is again asking for federal help to rebuild from the unrest that followed George Floyd’s death....
‘Dead Zone’ in Gulf Much Smaller This Year Following Tropical Storms August 5, 2020 By Janet McConnaughey Tropical weather stirred up the Gulf of Mexico, reducing this year’s dead zone off Louisiana’s coast to the third-smallest ever...
Houston Will Enforce Masks With Fines as Texas Deaths Topped 7,000 August 5, 2020 Houston’s mayor has instructed police to begin issuing $250 fines for flouting statewide mask orders in hopes that August will...