February 14, 2020
As insurers introduce artificial intelligence into pricing and claims handling activities, regulatory focus on disparate impact will grow into “one of the biggest topics of the next 10 years,” a well-known insurance analyst predicted at an industry conference. V.J. Dowling, …
February 14, 2020
Global reinsurer SCOR said it has acquired a majority stake in AgroBrasil, an MGA focused on distributing fruit and grain loss of crop quality and yield insurance protection to Brazilian farmers. Neither side disclosed financial details. Paris-based SCOR has partnered …
February 14, 2020
Catastrophe risk modeling firm AIR Worldwide estimates that insured losses due to wind from Europe’s winter storm Ciara (also known as Sabine) will range between €1.1 billion and €1.9 billion (US$1.2 billion and US$2.1 billion), with the majority of claims …
February 14, 2020
B3i Services AG, a two-year-old company owned by members of the insurance industry, announced that 30 contracts of reinsurance have been concluded on its platform, including some of the most complex catastrophe excess of loss (XoL) reinsurance treaties. Nine insurers, …
February 14, 2020
Current and former employees of a Pennsylvania school district claimed in a lawsuit filed Monday that officials knew for years that unsafe levels of lead and asbestos posed potential health risks for students and staff but never disclosed the information …
February 14, 2020
Vermont Governor Phil Scott announced that rates for workers’ compensation premiums will drop by about 11% when new rates take effect in April. Scott’s administration said the reductions are part of a trend in workers’ compensation rates, which have decreased …
February 14, 2020
A man convicted of conspiring to set fire to his Maryland business to collect insurance money has been sentenced to 15 years in federal prison. The office of the U.S. Attorney in Maryland said Demetrios Stavrakis, 54, of Lutherville-Timonium, was …
February 14, 2020
Delaware Insurance Commissioner Trinidad Navarro responded strongly to a Consumer Federation of America report that Delaware service members may return home from deployment to increased auto insurance premiums, calling the practice completely unacceptable and issuing a formal bulletin to insurance …
February 14, 2020
Atlanta, GA, February 14, 2020 — The Specialty Property team at Blue River Underwriters will host an informative webinar on the real estate investor property insurance market and other commercial excess and surplus property coverages for interested agents and brokers. …
February 14, 2020
As the number of coronavirus cases jumps dramatically in China, a top infectious-disease scientist warns that things could get far worse: Two-thirds of the world’s population could catch it. So says Ira Longini, an adviser to the World Health Organization …