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News – Insurance Journal
Life-or-Death Decisions by Hospitals, Doctors Come With Threat of Lawsuits
Doctors and hospitals overwhelmed in the pandemic will have to make their excruciating life-or-death decisions meticulously or they risk being second-guessed by a jury when the onslaught is over. Lawyers who defend health care providers are already giving advice on …
POSTED APRIL 02, 2020 12:40 PM |
Mass. Division of Insurance Approves 6.8% Reduction in Workers’ Comp Rates
The Massachusetts Division of Insurance has approved a 6.8% reduction in the existing overall average workers’ compensation insurance rates for policies effective on and after July 1, 2020. The rate decrease was the result of a compromise reached by the …
POSTED APRIL 02, 2020 12:20 PM |
Everest Re Group Hires Lodge as Chief Financial Officer of Everest Insurance
Everest Re Group Ltd. has hired Dana Lodge as chief financial officer of Everest Insurance, reporting to Everest Insurance President and CEO Jonathan Zaffino as well as Everest Group CFO Craig Howie. Lodge will be based at the company’s U.S. …
POSTED APRIL 02, 2020 12:17 PM |
World Insurance Associates Acquires Rhode Island’s Mazzotta Insurance Agency
World Insurance Associates LLC (WIA) acquired Mazzotta Insurance Agency of Providence, R.I., on March 1, 2020. Terms of the transaction were not disclosed. Since 1968, Mazzotta Insurance Agency has been a family-run business serving the Providence community, providing protection for …
POSTED APRIL 02, 2020 12:10 PM |
Aon Enhances Reinsurer E-Trading Portal to Support Remote Working During Pandemic
Aon plc, the global re/insurance broker, has enhanced its reinsurer trading portal, ABConnect Placements, to electronically bind treaty placements with Lloyd’s of London and International Underwriting Association (IUA) insurers. The new bind feature enables Lloyd’s and the London company markets …
POSTED APRIL 02, 2020 11:53 AM |
Lemonade Launches in Its 2nd European Country: The Netherlands
Lemonade, the New York-based insurer that is powered by artificial intelligence, has launched in a second European country – the Netherlands. Dutch consumers can now get contents and liability insurance instantly, anytime, and from any device – as well as …
POSTED APRIL 02, 2020 10:03 AM |
COVID-19 Pandemic Threatens Gulf Insurers’ Earnings: S&P Report
The fallout from the coronavirus pandemic and tumbling oil prices threaten the earnings of insurers in the Gulf, S&P Global Ratings said on Wednesday, possibly leading to negative rating actions. “Most insurers we rate in the GCC [Gulf Cooperation Council] …
POSTED APRIL 02, 2020 9:00 AM |
Initial Insured Losses for UK’s February Floods Estimated at £297M (US$367.8M): PERILS
Initial insured losses for the floods that hit the UK in February are estimated at £297 million (US$367.8 milion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. These floods mainly affected northern England, Wales, and …
POSTED APRIL 02, 2020 8:25 AM |
Germany to Provide Credit Insurance Guarantees to Keep Trade Flowing: Sources
The German government and the country’s credit insurance industry have agreed to help to maintain insurance cover for trade despite economic hardship related to the coronavirus outbreak, three people with knowledge of the plan said on Wednesday. Under the plan, …
POSTED APRIL 02, 2020 7:54 AM |
Two UK Court Rulings Limit Corporate Responsibility for Employee Conduct
UK companies may let out a “sigh of relief” after Barclays Plc and Wm Morrison Supermarkets Plc won a pair of Supreme Court cases that drastically limit corporate responsibility for employee conduct. First, the court said Morrisons wasn’t responsible for …
POSTED APRIL 02, 2020 7:20 AM |
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