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

Texas Agency Sleeper Sewell Insurance Joins Insurors Group

Dallas-based independent insurance agency, Sleeper Sewell Insurance, has joined Insurors Group LLC, an alliance of independent insurance agents in Texas. Sleeper Sewell Insurance was originally founded as Dwight Sleeper & Company in 1962 by Dwight W. Sleeper, Jr. In 2006, …

French Court Orders AXA to Pay Restaurant’s COVID-19 Business Interruption Losses; AXA Vows to Appeal

A Paris court ruled that insurer AXA must pay a restaurant owner two months’ worth of coronavirus-related revenue losses, the restaurateur’s lawyer said on Friday, potentially opening the door to a wave of similar litigation. The ruling will be of …

Coalition Launches Cyber Insurance and Security Coverage in Canada

Coalition, the cyber insurance and security managing general agent, announced it is offering its products and services to Canada-based businesses. The San Francisco-based company described the offering as proactive cyber-security products and services as well as cyber and technology error …

AIR Worldwide Estimates Global COVID-19 Deaths Could Reach 644,000 During June

The number of COVID-19 cases globally over the next four weeks may reach 50 million total cases, with 644,000 estimated deaths, according to estimates provided by Verisk’s catastrophe modeling unit, AIR Worldwide, on May 20. As of May 19, 2020, …

Earthquake Confirmed in Remote Area of Western Nevada

An earthquake of preliminary magnitude 5.0 shook a remote area of western Nevada Wednesday morning where a stronger temblor occurred last week, The U.S. Geological Survey confirmed. Nye County sheriff’s Capt. David Boruchowitz said there were no immediate reports of …

New Mexico Hospital Paying to Settle Retaliation Claim

The U.S. Equal Employment Opportunity Commission said a northern New Mexico hospital will pay $98,000 to settle a discrimination and retaliation lawsuit filed by the agency. The case against Christus St. Vincent Regional Medical Center in Santa Fe was filed …

Pacific Hurricane Forecast Complicated by Coronavirus

The Central Pacific basin including Hawaii should expect to see between two and six tropical storms or hurricanes this year, federal forecasters said this week. The annual National Weather Service prediction came as wary Hawaii residents begin to emerge from …

Not All Homes in Wildfire Zones Are Uninsurable. Here’s How Insurers Can Tell.

Fire-risk scores now used by insurance underwriters can sometimes can make it challenging for homeowners to find coverage. Zesty.ai, a California insurtech start-up, is among a handful of firms working to fine-tune fire-risk scores so that some homeowners have a …

Insurers, Agents Propose Pandemic Business Relief Plan; Plaintiffs Offer BIG Compromise

Key segments of the property/casualty insurance industry, which is facing mounting claims for business interruption losses from the pandemic, have thrown their lobbying weight behind a proposed federal program to replace revenues lost by businesses shut down during pandemics like …

Maryland P/C Insurance Consumers to Receive More Than $250M in Premium Relief

Maryland property and casualty insurance consumers will receive more than $250 million in premium relief during the COVID-19 State of Emergency, according to a Maryland Insurance Administration (MIA) press release. As of May 14, property and casualty insurance companies have …