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

New York Charges Mallinckrodt with Insurance Fraud Over Opioid Claims

New York state brought civil charges on Tuesday accusing Mallinckrodt Plc of insurance fraud for misrepresenting the safety and efficacy of its opioid drugs, leading to medically unnecessary prescriptions. Governor Andrew Cuomo said the charges brought by New York’s Department …

SCOR Global P&C Sees Price Increases of 6.6% During April Renewals

During the April reinsurance renewals, SCOR Global P&C said it grew gross premiums by 5.7% to €504 million, while benefiting from broadly improving market conditions as shown by a 6.6% overall increase in pricing. Asia-Pacific represents 57% of SCOR’s portfolio …

China Slams Coronavirus Lawsuit Brought by Missouri as ‘Very Absurd’

China on Wednesday slammed a lawsuit brought against it by the U.S. state of Missouri over the coronavirus pandemic as “very absurd.” Foreign ministry spokesman Geng Shuang said the legal action has “no factual and legal basis at all” and …

New Coverage to Assist Businesses Impacted by COVID-19 — Temporary Insurance for Suspended Businesses

Los Angeles, CA, April 23, 2020 – Anderson and Murison is proud to announce a new coverage from one of our partners directed at businesses that have been forced to temporarily close as a direct result of COVID-19. Highlights Coverages …

Governor Aims for South Carolina to Recover ‘More Quickly Than Any Other State’

South Carolina’s governor is rolling out details of a program that his office says will allow the state’s economy to “recover more quickly than any other state’s in the country” from the new coronavirus outbreak. Gov. Henry McMaster on Monday …

Oregon Fines Aerospace Company $70K for Waste Mishandling

The Oregon Department of Environmental Quality has fined a manufacturer of parts for the aerospace industry near Albany more than $70,000 for citations related to its mishandling of hazardous waste materials. A Selmet company spokesman did not return an email …

Georgia Gambles on Reopening Business Amid Pandemic

A handful of mostly southern U.S. states will begin loosening economic restrictions this week in the midst of a still virulent pandemic, providing a live-fire test of whether America’s communities can start to reopen without triggering a surge that may …

Travelers, W.R. Berkley CEOs Sound Alarm Over Coronavirus Lawsuits, Workers’ Comp

During an earnings conference call Tuesday, the leader of Travelers insurance alerted listeners to the possibility that frivolous lawsuits by plaintiffs lawyers could slow down the economic recovery from COVID-19 shutdowns. Alan Schnitzer, whose company reported net income of $600 …

Philadelphia Insurance Cos. Names Burgess Regional VP of Marketing for Rocky Mountains

Philadelphia Insurance Cos. has named Yvonne Burgess regional vice president of marketing for the company’s Rocky Mountain region. Based in the company’s Englewood, CO office, she has been responsible for overseeing sales team members, achieving her own production goals, and …

Georgia Businesses May Be Slow to Reopen Despite Governor’s Encouragement

Gov. Brian Kemp’s call to reopen shuttered businesses in Georgia left many business owners wary and confused this week as they considered how to protect themselves and their customers in a state where coronavirus deaths exceed 800 and confirmed infections …