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

Update: Airline Flight Cancellations Due to Coronavirus

Feb 4 – Airlines are suspending flights to China in the wake of the new coronavirus outbreak. Here is the latest on their plans (in alphabetical order): AIR CANADA Air Canada said on Jan. 28 it was canceling select flights …

The Unique Requirements of a Lloyd’s Syndicate-in-a-Box

Lloyd’s developed the concept of a syndicate-in-a-box (SiaB) to make it easier for innovative capital to enter the market, but there are certain requirements and differences compared to traditional syndicates. The first company to announce the launch of an SiaB …

Lloyd’s 1st Syndicate-in-a-Box, Operated by Munich Re, Aims to Be an Innovation Lab

Lloyd’s of London is expecting big things for 2020 as it rolls out the key initiatives for its massive modernization project designed make it easier to do business with Lloyd’s and, ultimately, reduce the cost base of the market. One …

Breckenridge Insurance Services Promotes Emily Gosch to Vice President/Broker

Atlanta, GA, February 4, 2020 β€” Breckenridge Insurance Services is pleased to announce the promotion of Emily Gosch to vice president, property and casualty broker from associate broker. Gosch has been with the company for more than ten years having …

2019 Natural Hazard Report Highlights Long Tail of Financial Recovery

This post is part of a series sponsored by CoreLogic. Preparing for a catastrophe is a science. This science involves models built from data and analytics that can capture the worst-case scenario for businesses and homeowners. Knowing exactly what the …

Credit Ratings of National Lloyds, American Summit Insurance Under Review

AM Best has placed under review with developing implications the Financial Strength Rating (FSR) of A (Excellent) and Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of Texas-based National Lloyds Insurance Co. (National Lloyds). Concurrently, AM Best has placed under …

Nelson Joins RHSB in Texas as Vice President

Roach Howard Smith & Barton (RHSB), an independent insurance brokerage firm based in North Texas, has added Lucas Nelson as vice president in the agency’s Commercial Property/Casualty sales practice. Nelson has more than four years’ experience in insurance sales for …

South & Western to Service AmTrust Farm/Ranch Business in Oklahoma, Texas

South & Western General Agency Inc., with offices in Addison, Texas, and Memphis, Tennessee, has reached an agreement with AmTrust to underwrite and service AmTrust’s Farm and Ranch business in Oklahoma and Texas. The effective date for the transition of …

AM Best Upgrades Ratings of The Cincinnati Insurance Co.

AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “aa” from “aa-” and affirmed the Financial Strength Rating (FSR) of A+ (Superior) of The Cincinnati Insurance Co. (CIC), and its three subsidiaries β€” The Cincinnati Indemnity Co., …

Chubb Launches Non Damage Terrorism Product for Businesses

Chubb has launched an insurance coverage aimed at bridging gaps in traditional terrorism business interruption policies. Chubb’s Non Damage Terrorism Solutions is a single policy offering non damage business interruption, plus employee and customer care assistance as a result of …