Monthly Archives: <span>February 2020</span>

Global Insurers Face Hefty Claims If Coronavirus Forces Olympics Cancellation

Global insurers face a hefty bill if the coronavirus forces the cancellation of the Summer Olympics in Tokyo, with estimates of the cost of insuring the sporting showpiece running into billions of dollars. Japan has more than 200 cases of …

UK Threatens to Walk Away from EU Trade Talks if Quick Progress Isn’t Made

Britain published its opening demands for trade talks with the European Union on Thursday, delivering a blunt threat to walk away from the table if there is no progress within four months. The two sides appear headed for a rocky …

Catastrophe Bond Prices Signal Coronavirus Nearing Pandemic Status

The World Health Organization says the coronavirus isn’t yet a global pandemic. Bonds that insure against just such a catastrophe say that it probably is. The bonds, sold in 2017 by the World Bank to raise money for poor countries …

Former Neon Exec Conway Joins TigerRisk’s Bermuda Reinsurance, Retro Teams

TigerRisk Partners LLC, the Stamford, Conn.-based re/insurance broker, announced it has appointed Christopher Conway to a newly created senior role strategically positioned across both TigerRisk’s Reinsurance and Retro teams in Bermuda. Conway will report to Alex Bridges, partner and head …

California Father And Son Charged With Auto Insurance Fraud

A father and son from California have been charged with felony counts of auto insurance fraud after allegedly falsifying an insurance claim in order to receive an undeserved payout from an insurance company. The charges were filed this week against …

Arizona Court Rules Workers’ Comp OK for Cops’ High-Stress Situations

An Arizona court ruling stemming from a sheriff’s deputy’s encounter with a shotgun-wielding man says law enforcement officers can claim workers’ compensation benefits if diagnosed with PTSD or other mental conditions because of extraordinary high stressful incidents on the job. …

Fired Arizona State University Associate Athletic Director Files $1.5M Claim

A former senior associate athletics director at Arizona State has filed a $1.5 million claim against the university over his firing last December. David Cohen said in his claim – which is the precursor to a lawsuit – that an …

The Hagar Group, Bruening Insurance Agency Join Renaissance Alliance in Florida

Renaissance Alliance Insurance Services, a membership alliance for independent insurance agencies, has added two new independent insurance agencies to its Florida network. The new agencies include Bruening Insurance Agency of Weston, Fla., and The Hagar Group of Inverness, Fla. Bruening …

Georgia to Receive $347M in Long-Awaited Hurricane Michael Relief

Georgia’s governor and agriculture commissioner on Wednesday announced that $347 million in federal disaster relief funding would soon be available to farmers, nearly a year and a half after Hurricane Michael caused billions of dollars in damage to southwest Georgia. …

Nationwide, Generali Form Joint Venture N2G to Sell Multinational Commercial Lines

Trieste, Italy meet Columbus, Ohio. Ciao! Hello! Two large insurers — Ohio’s Nationwide and Italy’s Generali — are teaming up to serve commercial insurance customers with global needs. The insurers announced they have formed a joint venture called N2G to …