News Center
News – Insurance Journal
How Coronavirus Crisis Has Changed Underwriting at Lloyd’s of London
Thousands of London’s underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts, but they won’t need them. Working at home due to the coronavirus lockdown, they have abandoned the normal tools of …
POSTED MARCH 30, 2020 6:51 AM |
GM Settles Faulty Ignition Switch Cases for $120 Million
General Motors Co. has reached a $120 million settlement with owners who claimed that their vehicles lost value because of defective ignition switches, which have been linked to 124 deaths. The preliminary settlement was filed on Friday night with the …
POSTED MARCH 30, 2020 5:00 AM |
From Free Coverage to Medical Masks. P/C Insurers Deliver Some Good.
While the property/casualty insurance industry is fighting attempts to force it to pay for the huge business income losses that it says most policies were never intended to cover, some individual insurers are finding small ways to assist the businesses …
POSTED MARCH 30, 2020 5:00 AM |
Washington State Asks Insurers to Extend Coverage to Delivery Drivers
Washington Insurance Commissioner Mike Kreidler is asking insurers doing business in the state to immediately extend automobile insurance coverage for personal delivery drivers to aid people temporarily assigned this duty during the COVID-19 pandemic. Kreidler said his office would expedite …
POSTED MARCH 27, 2020 7:23 PM |
Demotech Affirms Ratings of 37 Florida Insurers; Still Reviewing Others
Demotech has affirmed 37 of the 46 Florida-based companies rated by the actuarial firm, as of March 26, according to information gathered from Demotech’s website. That leaves fewer than 10 Florida insurers that are still awaiting a decision on their …
POSTED MARCH 27, 2020 6:08 PM |
Restaurateur Sues The Hartford, Seeking Coverage for Coronavirus Business Interruption
A well-known California restaurateur has filed a lawsuit against a unit of The Hartford, seeking a declaration that the owner’s commercial insurance policy covers losses caused by a statewide business shutdown ordered to prevent the spread of coronavirus. The lawsuit, …
POSTED MARCH 27, 2020 4:53 PM |
North Carolina, Georgia Regulators: Insurance Is Essential Business
Regulators in North Carolina and Georgia are clarifying that insurance is considered an essential business as states move to limit what industries remain open during the current coronavirus outbreak. On March 24, North Carolina Insurance Commissioner Mike Causey requested that …
POSTED MARCH 27, 2020 4:52 PM |
Oklahoma to Issue Temporary New Licenses for Insurance Producers, Adjusters
Oklahoma Insurance Commissioner Glen Mulready has approved waiving certain requirements for new licenses issued to producers and adjusters. These measures will ensure services remain available during the state’s response to COVID-19. The Oklahoma Insurance Department (OID) contracts with a national …
POSTED MARCH 27, 2020 4:36 PM |
Federal Disaster Declaration Approved for Louisiana Due to COVID-19
President Donald Trump has granted a federal disaster declaration in Louisiana and ordered assistance to supplement recovery efforts in the areas affected by COVID-19. Louisiana’s governor asked the White House to declare a major disaster in his state to free …
POSTED MARCH 27, 2020 4:32 PM |
World Insurance Associates Acquires Texas’ TAB Insurance Agency
World Insurance Associates LLC (WIA), based in Tinton Falls, New Jersey, has acquired TAB Insurance Agency LLC of Frisco, Texas. Terms of the transaction were not disclosed. TAB Insurance Agency a full service, independent insurance agency that offers both personal …
POSTED MARCH 27, 2020 4:28 PM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Sutter McLellan and Gilbreath confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|