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News – Insurance Journal
Canada’s Insurers to Cut Auto Premiums as Drivers Stay Home During COVID-19 Crisis
Insurance Bureau of Canada (IBC), an industry association for Canada’s home, auto and business insurers, on Wednesday said its members would lower costs for auto insurance to reflect reduced driving during the COVID-19 pandemic. Its members, which make up 90% …
POSTED APRIL 09, 2020 7:39 AM |
Partner Re’s Parent EXOR Vows to Go Ahead with Deals Despite Pandemic
The boss of EXOR showed confidence on Wednesday in the success of three transformative deals set to reshape its multi-billion portfolio of corporate holdings, despite being caught at mid-air by the coronavirus crisis. In a letter to the holding’s shareholders, …
POSTED APRIL 09, 2020 7:12 AM |
Progressive, Travelers, USAA Latest to Offer Insureds Discounts, Other Accommodations
More insurers are coming forward every day with discounts, extended coverage and relaxed payment terms for insureds affected by shelter-in-place and other conditions required during the coronavirus crisis. Progressive Insurance announced it is providing approximately $1 billion to its drivers …
POSTED APRIL 09, 2020 5:00 AM |
Suit Alleges Zoom Overstated Privacy, Did Not Disclose Security Flaws
Zoom Video Communications Inc. was slapped with a class action suit by one of its shareholders on Tuesday, accusing the video-conferencing app of overstating its privacy standards and failing to disclose that its service was not end-to-end encrypted. Shareholder Michael …
POSTED APRIL 09, 2020 5:00 AM |
The Liberty Company Insurance Brokers Adds Kiley in California
The Liberty Company Insurance Brokers has added Jacob Kiley to its San Jose, Calif., office. Kiley specializes in contractor, hospitality, technology and non-profit accounts. Kiley has been with One Risk Group LLC for the past seven years. The Liberty Company …
POSTED APRIL 09, 2020 5:00 AM |
California’s Comp Rating Bureau Says No Mid-Year Pure Premium Filing Due to COVID-19 Impacts
The Workers’ Compensation Insurance Rating Bureau of California’s governing committee has decided not to submit a July 1, 2020 rate. The committee met this week to review the WCIRB actuarial committee’s analysis of Dec. 31, 2019 California workers’ comp experience. …
POSTED APRIL 08, 2020 6:27 PM |
Georgia Pharmacy Fined $2M for Dispensing 350K Illegal Prescriptions
A south Georgia pharmacy that gave out 350,000 illegal prescriptions from a doctor running a pill mill agreed to pay over $2 million in fines, authorities said. Chip’s Discount Drugs and pharmacist, Rogers “Chip” Wood, Jr., settled on a federal …
POSTED APRIL 08, 2020 4:59 PM |
Death Toll Climbs to 9 From COVID Outbreak at Tennessee Nursing Home
Nine people have now died in a coronavirus outbreak at a Tennessee nursing home that saw more than 100 people test positive. Sumner Regional Medical Center spokesman Kyle Brogdon on Tuesday confirmed the new total of fatalities from the Gallatin …
POSTED APRIL 08, 2020 4:58 PM |
Acceptance Insurance of Tennessee Offers Support to Policyholders, Employees During Crisis
Acceptance Insurance has committed to helping its team members and customers during the COVID-19 pandemic through continued pay, home goods donations and safe working conditions, according to a statement from the company. Acceptance Insurance is staffing field offices in order …
POSTED APRIL 08, 2020 4:52 PM |
South Dakota’s Noem Allows Businesses to Stay Open but Backs Limit on Group Size
As mayors, nurses and doctors across South Dakota urged Gov. Kristi Noem to take action to restrict daily activity, the Republican governor on April 6 dialed up the pressure on businesses and people to curb the spread of the coronavirus, …
POSTED APRIL 08, 2020 4:51 PM |
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