Allstate is returning savings resulting from shelter-in-place orders back to consumers. This comes as the company cited an unprecedented decline in driving due to shelter-in-place orders, which translates into fewer accidents. Nationally, the company plans to return more than $600 …
A fast-moving fire destroyed at least two eateries and left several people homeless in a northern New Jersey community, authorities said. The fire in downtown Ridgewood was reported around 9:30 p.m. Sunday. It started in a building housing a bagel …
Today’s post is the third in a series of posts by friend of the Academy, Crystal M. Uebelher, J.D., CPCU. Crystal is an insurance professional and a lawyer. Crystal loves teaching non-lawyers about the law and lawyers about insurance. Last …
Hiscox Ltd. is withdrawing all financial guidance for 2020 as a result of the uncertainties connected to the coronavirus crisis. In addition, it is canceling a scheduled dividend and will not conduct any share buybacks. “In view of the uncertain …
Global warming will lead to growing intensity and frequency of severe weather events, rising losses, as well as greater uncertainty in the assessment of these events by the insurance industry, which could make some weather risks uninsurable, according to a …
British insurers canceled more than 1 billion pounds ($1.2 billion) of dividends on Wednesday, in moves welcomed by the Bank of England which had cautioned the sector about the risk of heavy costs from the spread of the coronavirus. Aviva, …
Peak Reinsurance Co. Ltd. has entered into definitive agreements to acquire 100% of the capital of Lutece Holdings Ltd. and its subsidiary Lutece Investment Management Ltd., a Bermuda-based insurance linked securities (ILS) asset manager. The transaction is subject to regulatory …
BMS Group (BMS), the independent specialist (re)insurance broker, has appointed Larry Broadnax as senior vice president, Property Facultative Leader, effective April 15. He will be based in Atlanta and report to Pete Chandler, president & CEO of BMS’s U.S. reinsurance …
After 10 years with Ageas UK, Andy Watson has decided to step down from his role as CEO and will be succeeded by Ant Middle, the current chief customer officer, Ageas announced. Watson has decided to step down from his …
Australian insurer IAG announced that Peter Harmer, managing director and chief executive officer, plans to retire by the end of 2020. A flexible nine-month period of transition has been agreed with Harmer to ensure a smooth changeover, said Sydney-based IAG …
