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

Great American Group Promotes Smith to Trucking Division President

Great American Insurance Group in Cincinnati, Ohio, has promoted Randal M. Smith to divisional president within its Trucking Division. Smith first joined Great American in 1992. After leaving the company to co-founded, Transportation Specialists Insurance Agency, he rejoined Great American …

Texas, Louisiana, Florida Most at Risk of Natural Disasters: ValuePenguin

That Texas, Louisiana and Florida top the list of states that are most vulnerable to natural disasters is probably a finding of a recent study that will come as no surprise to folks who live in those states. Another likely …

HSB Launches Online Broker E-Trading Platform in Ireland

Specialist engineering and technology insurer HSB, part of Munich Re, has expanded its e-trade offering by launching HSB Fast Track, its broker online trading platform, in Ireland. The HSB Fast Track e-trade platform is offering brokers in Ireland a full …

Major Fuel Spill in Russian Arctic Moves Closer to Arctic Ocean: Regional Official

Diesel fuel from a major spill in Russia’s Arctic has reached a pristine lake which is the basin for a river flowing into the Arctic Ocean, a regional official said on Tuesday, but the mining giant embroiled in the scandal …

Cryptoasset Insurer Evertas Receives License to Operate in Bermuda

Cryptoasset insurer Evertas has received a license from the Bermuda Monetary Authority to start operating from the jurisdiction. Evertas’ operations in Bermuda will now aim to start issuing policies for theft or loss of cryptoassets, with a view to securing …

Lloyd’s Insurer Lancashire Holdings Raises US$352M to Target Hard Market Opportunities

Lancashire Holdings Ltd. has completed an equity capital raise of approximately £277 million (US$352 million) through the placement of new common shares. The Lloyd’s insurer said it intends to use the proceeds of the placing to fund organic growth and …

New York DFS Launches Program to Drive Innovation Post-Pandemic

The New York State Department of Financial Services (DFS) has launched DFS FastForward, a new program to support innovators seeking to deliver new solutions in financial services, fintech, insurtech and healthtech for New Yorkers in the COVID-19 era. “As New …

California School Districts Lining Up to Fight JUUL in Lawsuits

A national coalition of law firms has filed suit on behalf of the Pomona Unified School District against JUUL Labs Inc. for its role in creating an e-cigarette epidemic and resurgence in youth nicotine addiction that impedes the learning environments …

A.M. Best Affirms North American Casualty Group Companies’ Ratings

Ratings issuer A.M. Best said it has removed from under review with negative implications and affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of “a” of five companies collectively referred to as North American Casualty …

Insured Losses from Storm Cristobal Estimated at $150 Million

Catastrophe modeling firm Karen Clark & Company (KCC) said on Wednesday it expects insured losses of close to $150 million from tropical storm Cristobal. Cristobal is the third named storm to form and impact the United States coast during this …