How is the coronavirus pandemic affecting you and your work? Now and going forward? No matter where you work in the P/C insurance industry, your experience is important.
International General Insurance Holdings Ltd. has launched a Marine Trades insurance product, which covers the smaller recreational marine market across the UK. The addition of the Marine Trades product complements the company’s existing Ports & Terminals and Marine Liability portfolios.
Significant investments in direct-to-consumer website and mobile design have helped property/casualty insurance companies improve their digital service and shopping experiences. Consultants at J.D. Power say insurers have made across-the-board improvements in clarity of information, but many still struggle with the… Продолжить чтение
The first tropical storm of the Eastern Pacific season drenched parts of Central America Sunday and officials in El Salvador said at least seven people had died in flooding. President Nayib Bukele decreed a 15-day state of emergency to deal… Продолжить чтение
A U.S. appeals court ruled on Monday that Volkswagen AG cannot escape potential financial penalties from two counties in Florida and Utah that may amount to a “staggering” additional liability arising from the German automaker’s diesel emissions scandal. The unanimous… Продолжить чтение
Mumbai, the financial capital of Asia’s third-largest economy, is likely to be affected by a cyclonic storm Wednesday, potentially causing widespread disruption in business and hurting efforts to fight the virus outbreak in a city that’s emerged as the epicenter… Продолжить чтение
Lloyd’s announced the appointment of Marc Lipman as president, Lloyd’s Canada, and attorney-in-fact (AIF) for Lloyd’s Underwriters. Lipman assumes the role of AIF from Lisa Duval, who took the position last year on an interim basis and now returns to… Продолжить чтение
Skuld, the marine insurance provider, announced it has reached an agreement with legacy specialist The RiverStone Group for the sale of its Lloyd’s Syndicate 1897, which was placed into run-off in July 2019. Financial details of the transaction, which is… Продолжить чтение
The leader of governor’s committee studying how to best reopen South Carolina after the coronavirus said one of the most critical pieces of unfinished business is protecting businesses from lawsuits if they follow safety recommendations. Freeing businesses and others from… Продолжить чтение
Reliance Partners (Reliance), a privately-held commercial insurance agency for the transportation and logistics industry, has promoted Jamie Cannon to vice president of the 3PL division. Cannon will lead Reliance’s logistics and freight brokerage division with a focus on business development… Продолжить чтение
Reinsurance coverage for the Florida Hurricane Catastrophe Fund will not be purchased for the upcoming hurricane season after overseers of the fund evaluated the market and found a lack of private capital availability. In a statement, John Kuczwanski, manager of… Продолжить чтение
Panama’s Maritime Authority said it will impose sanctions on vessels, including fines of up to $10,000 and withdrawing its flag from the ship, if they deliberately deactivate, tamper or alter the operation of their tracking transponders. “This General Directorate of… Продолжить чтение
A New Orleans man has pleaded guilty in a case involving staged accidents between automobiles and tractor-trailers in that city, the U.S. Attorney’s office announced. Mario Solomon, 48, a entered a guilty plea on May 28 to a charge of… Продолжить чтение
The Property & Inland Marine Division of Cincinnati, Ohio-based Great American Insurance Group has launched Cornerstone Complete, a comprehensive insurance product that addresses increased exposures for construction projects. As a single, comprehensive and flexible coverage form, Cornerstone Complete replaces three… Продолжить чтение