PG&E to Use California Wildfire Victims Fund to Pay for Past Crimes March 30, 2020 By Michael Liedtke Pacific Gas & Electric is warning its elaborate plan for getting out of bankruptcy might collapse if the utility can’t...
Connecticut Calls on Auto Insurers to Extend Coverage to Personal Delivery Drivers March 30, 2020 Connecticut Insurance Department Commissioner Andrew N. Mais has called on insurers to immediately institute an extension of coverage for personal...
Fire Damages Popular Presidential Campaign Trail Restaurant in New Hampshire March 30, 2020 A fire caused about $80,000 worth of damage on Wednesday to a New Hampshire restaurant that’s a popular campaign trail...
New York City Subway Driver Killed in Fire Being Investigated as Crime March 30, 2020 A New York City subway driver was killed and several other people were injured early Friday in a fire on...
Insured Losses from Europe’s Storm Victoria (aka Dennis) Estimated at €286M: PERILS March 30, 2020 The initial insured property loss estimate for Europe’s extratropical cyclone “Victoria,” also known as “Dennis,” is an estimated €286 million...
Allianz Australia Taps Laybutt from Deloitte as Chief Risk Officer, Succeeding Callahan March 30, 2020 Allianz Australia announced the appointment of Tara Laybutt as Allianz Australia’s chief risk officer, effective May 11, 2020. Laybutt has...
South Korean Insurers Hit Hard by Evaporating Investment Returns March 30, 2020 By Heejin Kim and Whanwoong Choi Insurers the world over have been walloped by evaporating investment returns, but those in South Korea have been hit particularly...
Sirius International Launches Formal Process to Find a Buyer March 30, 2020 By L.S. Howard Sirius International Insurance Group, Ltd. (Sirius Group) announced it has launched a formal process to sell the company after a...
How Coronavirus Crisis Has Changed Underwriting at Lloyd’s of London March 30, 2020 By Carolyn Cohn, Noor Zainab Hussain and Jonathan Saul Thousands of London’s underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts,...
GM Settles Faulty Ignition Switch Cases for $120 Million March 30, 2020 By Jonathan Stempel General Motors Co. has reached a $120 million settlement with owners who claimed that their vehicles lost value because of...