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Ki Syndicate 1618 Binds 1st Risk with AmWINS’ Broking Unit THB
Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, announced it has bound its first risk with THB, the International broking arm of global specialty wholesale broker, AmWINS Group Inc. The risk was bound by Ki on its Lloyd’s …
POSTED NOVEMBER 30, 2020 10:37 AM |
AXA Sells Persian Gulf Business for $269 Million to Kuwaiti-Based Group
AXA SA sold its Persian Gulf business for $269 million to a Kuwait-based group, as the French insurance giant shifts its focus and exits some overseas investments to shore up its finances amid the coronavirus pandemic. The Paris-based insurer said …
POSTED NOVEMBER 30, 2020 9:35 AM |
Vienna Insurance Bolsters Position in E. Europe with Purchase of Aegon Unit
Vienna Insurance Group AG bolstered its position as the biggest insurer in central and eastern Europe by agreeing to buy Aegon NV’s business in the region and in Turkey for 830 million euros ($990 million), outbidding NN Group NV and …
POSTED NOVEMBER 30, 2020 9:22 AM |
Europeans Buy Older Cars to Avoid Public Transport During Pandemic
LONDON/MADRID – Want a cheap used car to nip around town without running the gauntlet of coronavirus on public transport? Welcome to Pandemic Motors, we have just what you need. Across Europe, people are snapping up old bangers, clunkers, Klapperkasten, …
POSTED NOVEMBER 30, 2020 9:06 AM |
Insurers Winning Most, But Not All, Covid-19 Business Interruption Lawsuits
In the multibillion-dollar fight over insurance coverage for pandemic-related business losses, a Florida gynecologist succeeded where more than a dozen professional baseball teams and an iconic Hollywood restaurant failed. Since Covid-19 sparked government-ordered shutdowns in March, judges have dismissed more …
POSTED NOVEMBER 30, 2020 6:00 AM |
Meatpacking Plants Linked to Up to 8% of Early U.S. COVID Cases
As many as one in 12 cases of Covid-19 in the early stage of the pandemic in the U.S. can be tied to outbreaks at meatpacking plants and subsequent spread in surrounding communities, according to a study. The findings highlight …
POSTED NOVEMBER 27, 2020 6:00 AM |
Nevada Supreme Court Rules Undocumented Injured Worker Can Get Benefits
The Nevada Supreme Court has ruled that an undocumented worker is entitled to permanent disability. The court ruled on Nov. 23 that an undocumented worker suffering trauma due to a workplace accident is entitled to permanent total disability, despite a …
POSTED NOVEMBER 25, 2020 9:03 PM |
California OKs Workers’ Comp Advisory Rates, No Virus Adjustment for Now
California Insurance Commissioner Ricardo Lara has adopted and issued a revised average advisory pure premium rate, lowering the benchmark to $1.45 per $100 of payroll for workers’ compensation insurance, effective Jan. 1, 2021. This marks the tenth consecutive reduction to …
POSTED NOVEMBER 25, 2020 7:11 PM |
Louisiana School Superintendents Seeking Looser Quarantine Rules
Leaders of several Louisiana public school systems have called on state officials to relax coronavirus quarantine rules that have sent thousands of students home from school because they have been in close proximity to someone who tested positive for COVID-19. …
POSTED NOVEMBER 25, 2020 5:31 PM |
Texas Proposes Changes to Agent, Adjuster CE Requirements
Texas is proposing changes to continuing education (CE) requirements for agents and adjusters, and is seeking comments on the proposals. Among the CE changes proposed by the Texas Department of Insurance are: An expanded list of approved course topics. Allowing …
POSTED NOVEMBER 25, 2020 5:25 PM |
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