August 4, 2020
Tue, 04 Aug 2020 16:53:50 +0000
West Virginia Gov. Jim Justice has extended an order that closed all bars in Monongalia County for an additional 10 days due to the coronavirus pandemic. The latest order is effective until Aug. 13. The county includes West Virginia University’s …
Tue, 04 Aug 2020 16:50:01 +0000
After bringing heavy rain and flooding to Florida over the weekend, Tropical Storm Isaias began its attacking up the Southeast coast Monday, killing at least one person after a tornado it spawned obliterated a mobile home park in North Carolina. …
Tue, 04 Aug 2020 14:34:14 +0000
Nearly 700 restaurants, bars and businesses in Louisiana were cited in July for violating the governor’s coronavirus restrictions, according to records from the State Fire Marshal’s Office. The businesses failed inspections for violations such as lack ...
Tue, 04 Aug 2020 14:32:10 +0000
A Louisiana contractor has been in a tussle with city officials regarding payments for a demolition project after he accidentally tore down the wrong house. “There was a big mix-up with the addresses and the information given to me and …
Tue, 04 Aug 2020 14:26:34 +0000
CNA Financial Corp. on Monday reported second-quarter profit of $151 million. On a per-share basis, the Chicago-based company said it had net income of 55 cents. Earnings, adjusted for investment gains, were 36 cents per share. The insurance holding co...
Tue, 04 Aug 2020 14:24:07 +0000
Mercury General Corp. on Monday reported second-quarter earnings of $228.2 million. The Los Angeles-based company said it had net income of $4.12 per share. Earnings, adjusted for investment gains, were $1.86 per share. The auto insurance company poste...
Tue, 04 Aug 2020 14:19:08 +0000
One80 Intermediaries has acquired National Underwriting Services Inc. in San Antonio, Texas. Terms of the deal were not disclosed. National Underwriting Services is a specialty underwriter of medical stop loss coverage for self-funded employers across ...
Tue, 04 Aug 2020 14:14:03 +0000
A wildfire in mountains east of Los Angeles that has forced thousands of people from their homes was sparked by a malfunctioning diesel vehicle, fire officials said Monday. The vehicle spewed burning carbon from its exhaust system, igniting several fir...
Tue, 04 Aug 2020 13:48:42 +0000
The Federal Communications Commission will take comments for 45 days on President Donald Trump’s proposal to weaken liability protection for social-media companies such as Twitter Inc., the agency’s chairman said. The step ensures the that administrati...
Tue, 04 Aug 2020 13:47:35 +0000
Insurer Direct Line gave a double bonus to shareholders on Tuesday as first-half profits beat expectations due to a slump in motor claims as Britons drove less during the coronavirus lockdown. Britain’s biggest car insurer raised its interim dividend 2...
Tue, 04 Aug 2020 13:47:20 +0000
As Tropical Storm Isaias approaches Delaware, residents are urged to prepare for dangerous winds of more than 55 miles per hour and up to six inches of rain. Storm surges, localized flooding, tree damage, power outages and other threats to …
Tue, 04 Aug 2020 13:36:02 +0000
An administrative law judge with the independent Occupational Safety and Health Review Commission has upheld citations and penalties from the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) against Timberline Hardwood Fl...
Tue, 04 Aug 2020 13:29:56 +0000
New York City area residents should be prepared for heavy winds and rain from Isaias on Tuesday, Governor Andrew Cuomo said. The storm was off the Florida coast Sunday and its maximum sustained winds had declined to 65 mph. But …
Tue, 04 Aug 2020 13:24:55 +0000
Tropical Storm Isaias pummeled Virginia on Tuesday on its way toward Washington and other cities of the U.S. Northeast, and killed at least one person after a tornado it spawned obliterated a mobile home park in North Carolina. The fast-moving …
Tue, 04 Aug 2020 13:13:55 +0000
The U.S. economy, battered by a resurgence in the spread of COVID-19, needs increased government spending to tide over households and businesses and broader use of masks to better control the virus, U.S. central bankers said on Monday. The calls …
Tue, 04 Aug 2020 13:00:48 +0000
Venture Insurance Programs, a national insurance program administrator, has launched Community Care, a new insurance program for community and social services, including nonprofits and for-profits. In conjunction with the launch, Venture has brought on...
Tue, 04 Aug 2020 06:49:00 +0000
Lloyd’s, the specialist insurance and reinsurance market, announced it has promoted Pavlos Spyropoulos to CEO of Lloyd’s Asia and country manager of Singapore, effective July 29, 2020. has more than 12 years of experience at Lloyd’s and a deep understa...
Tue, 04 Aug 2020 06:32:00 +0000
The Reinsurance Solutions business of Aon plc has appointed Catherine Turner as head of UK Property, and co-leader with Richard Evans of its UK & Ireland and Specialty Casualty business. Turner will report to Peter Stubbings, Reinsurance Solutions’ chi...
Tue, 04 Aug 2020 06:24:45 +0000
The aviation sector carries the biggest risk of corporate default as a result of the coronavirus pandemic, according to a survey of insurers published by broker Gallagher on Tuesday. Only 29% of credit and political risk insurers had seen claims …
Tue, 04 Aug 2020 06:09:22 +0000
Insurers that do not treat customers fairly when calculating payouts for business interruption due to the coronavirus crisis will face action by Britain’s markets watchdog. The Financial Conduct Authority (FCA) has taken eight insurers to court over bu...
Tue, 04 Aug 2020 05:51:26 +0000
Italy’s EXOR said on Monday that French insurer Covéa had agreed to invest a total of 1.5 billion euros ($1.8 billion), partly in entities managed by PartnerRe, after walking away from a deal to buy the reinsurer from EXOR earlier …
Tue, 04 Aug 2020 05:19:02 +0000
Nebraska’s meatpacking plants won’t have to worry about any new safety restrictions this year, despite outbreaks of the coronavirus among their workers, after a state lawmaker on July 29 failed to secure enough support for the idea. Sen. Tony Vargas, …
Tue, 04 Aug 2020 05:00:40 +0000
Manhattan’s district attorney on Monday suggested a grand jury subpoena for U.S. President Donald Trump’s tax returns was part of an investigation of “possibly extensive and protracted criminal conduct at the Trump Organization,” including alleged insu...
Tue, 04 Aug 2020 05:00:39 +0000
Insurer American International Group Inc. on Monday posted a 56% fall in quarterly adjusted earnings, spurred partly by higher catastrophe losses and lower private-equity returns. Adjusted after-tax income attributable to AIG common shareholders fell t...
Tue, 04 Aug 2020 05:00:25 +0000
A U.S. judge on Monday voided parts of a Trump administration rule that restricted paid sick leave and emergency family leave for potentially millions of workers affected by the coronavirus. Ruling in a case brought by New York Attorney General …
Tue, 04 Aug 2020 04:47:10 +0000
Insurance broker McGriff will expand its southeastern Florida operations with a new headquarters office in Coral Gables and the opening of branch locations in Fort Lauderdale and Weston later this year. The move to a consolidated South Florida operatio...
Tue, 04 Aug 2020 04:18:04 +0000
Value Insurance MGA, a new Birmingham, Ala., domiciled managing general agent specializing in non-standard auto insurance within the state, is now offering a personal lines auto product in the state. Value MGA founder Daniel Feigenbaum has tapped Paul ...
Tue, 04 Aug 2020 01:12:33 +0000
HATTERAS ISLAND, N.C., Aug 3, 10:26 PM — Isaias regained hurricane strength on Monday night just hours before it was due to make landfall in the Carolinas and churn its way up the U.S. East Coast toward Washington, Philadelphia and …
Mon, 03 Aug 2020 22:01:51 +0000
All insurers in Washington that take action against a policyholder must include information in the notices about the right to appeal and how to contact the insurance commissioner’s Consumer Protection division if they need assistance. That’s according ...
Mon, 03 Aug 2020 21:48:34 +0000
USI Insurance Services has acquired Troy, Mich.-based Colburn Group Insurance. Terms of the deal were not disclosed. All of the agency’s team members, including Harry Colburn, chairman, and Pamela Haron, president, will be joining USI. Colburn Group is...