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

Experts Count 100-Plus Aftershocks Since Nevada Quake

More than 100 small aftershocks were recorded since a 4.5 magnitude earthquake shook near Carson City on Friday, causing minor damages across the city, experts said. The largest recorded aftershock was a magnitude 3.2 temblor on Saturday, which could be …

10 Nursing Homes in Colorado Have COVID-19 Outbreaks

The Colorado Department of Health has released the names and locations of nine of the 10 nursing homes and long-term care facilities that are facing outbreaks of COVID-19 in response to a public records request filed by The Denver Post. …

Lawsuit Alleges Bullet at New Mexico School Harmed Student

The family of a boy is suing a police officer who mistakenly fired his weapon inside a southern New Mexico middle school and nearly hit the student. The family recently filed a lawsuit in U.S. District Court against officer Francisco …

Maryland’s RCM&D Hires Kahn as Commercial Division Director

RCM&D, an independent risk management, insurance and employee benefits firm, has hired Matthew Kahn as the new Commercial Division director. Kahn will be working alongside current Commercial Division Director Bill Kable to lead the firm’s largest operating division, representing thousands …

Rumbull Named Head of Willis Re Specialty in North America

Charles Rumball, currently executive vice president of Willis Re’s Specialty Reinsurance Division in Bermuda, is relocating to New York to assume the new role of head of Specialty for North America for Willis Re. Rumball brings considerable experience to his …

Massachusetts Joins Ohio, N.J. in Proposing COVID-19 Business Interruption Bill

Massachusetts is one of the latest states to propose legislation that would mandate insurers cover COVID-19 related business interruption claims despite virus exclusions in many policies. This comes as Insurance Journal reported legislators in New Jersey and Ohio have floated …

Coronavirus Infections on Rise in Already-Strained Urban Police Departments

When nine police officers showed up to make an arrest near Melrose Avenue in the Bronx last Wednesday, none wore a mask or gloves to protect them from coronavirus. Similar scenes play out all over the city daily: officers making …

Insurance Claims for February’s Australian ‘East Coast Low’ Estimated at A$794M

Initial insured property claims estimate for the Australian east coast low event, which hit the Australian east coast states of New South Wales and Queensland between Feb. 5-13, 2020, is estimated at A$794 million (US$488.3 million), according to PERILS, the …

SCOR-Backed Channel Syndicate Taps Coulson from Lancashire as Senior Underwriter

Channel Syndicate, which is backed by reinsurer SCOR, has appointed Caroline Coulson as a senior underwriter on the political and credit risks team within SCOR Specialty Insurance, effective immediately. Coulson started on March 23 and will report to Kade Spears, …

Legacy Specialist Catalina Holdings Completes Purchase of Asia Capital Reinsurance

Catalina Holdings (Bermuda) Ltd., the legacy re/insurance acquisition specialist, announced it has completed the acquisition of Asia Capital Reinsurance Group Pte. Ltd. (ACR), a Singapore-headquartered reinsurance business. Following regulatory approval from the Monetary Authority of Singapore and Bank Negara Malaysia, …