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

Delaware Auto Insurers Issue Rebates, Reduce Rates During Coronavirus Pandemic

The Delaware Department of Insurance has announced that many consumer-friendly automobile insurer actions are being implemented due to reduced vehicle use throughout the COVID-19 pandemic. As filed with the department, these actions represent millions of dollars being returned to or …

Maryland Insurance Administration Warns Against COVID-19 Insurance Scams

Maryland Insurance Commissioner Al Redmer Jr. has warned consumers to watch for insurance scams related to the COVID-19 pandemic. Reports of pandemic-related fraud are increasing around the country, according to a press release issued by the Maryland Insurance Administration. People …

Zurich North America Adds Chubb/ACE Veteran Wells as U.S. Head of Middle Market

Zurich North America has appointed Alexander Wells as U.S. head of Middle Market. He will be responsible for the strategic management and development of Zurich’s Middle Market business. Wells, who is new to Zurich, has an insurance career spanning 27 …

Senators Seek to Address Privacy Concerns Over Tech Firms’ Covid-19 Contact Tracing

A group of Republican U.S. senators said Thursday they would introduce legislation to address consumer privacy concerns surrounding technology companies’ efforts to help build contact tracing apps to fight the new coronavirus outbreak. Senator Roger Wicker, who chairs the Commerce …

Paragon Completes Acquisition of Trident Public Risk Solutions from Argo

Paragon Insurance Holdings, a national managing general agency, said it has closed on the previously-announced purchase of Trident Public Risk Solutions from Argo Group. Trident provides insurance and risk management services for public sector entities such as counties, municipalities, schools, …

AI Specialist omni:us Partners with Insurtech Rokk3r to Enter Latin American Market

omni:us, the insurance-focused artificial intelligence (AI) solution business, has announced a partnership with Rokk3r, a global innovation technology and consulting company, to enable the AI company to enter the Latin American insurance market. In 2019, Berlin-based omni:us began building a …

Tokio Marine Kiln Taps Chubb’s Shaw as Chief Underwriting Officer

Tokio Marine Kiln (TMK) has appointed Matthew Shaw as chief underwriting officer. Shaw joins from Chubb where he was most recently divisional president of global markets. Shaw joined Ace (latterly Chubb) in 2002 having begun his insurance career as a …

Zoom Video Login Details Put on Sale by Hackers on Dark Web: Times Report

Hackers put more than half a million login details for the teleconferencing app Zoom on the dark web, the Sunday Times newspaper reported. The logins were put up for sale at 1 pence (1.25 cents) each and were discovered and …

HSBC’s Life Insurance Unit to Buy Out Joint Venture Partner in China

HSBC Holdings PLC said on Monday its insurance unit had agreed to acquire its China life insurance venture partner’s 50% stake to own fully the company under the new rules on foreign ownership that came into effect in January. The …

Gallagher Releases Pandemic Group Insurance Product for India’s Front-Line Workforce

International insurance broker Gallagher announced the release of a Pandemic Group Insurance product, providing a comprehensive COVID-19 indemnity cover solution to the India market. For essential workers and front-line services including hospital and healthcare providers, food distribution, and pharmaceutical manufacturers, …