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

California Orders Unlicensed Van Rental Company to Stop Selling Insurance Products

The California Department of Insurance issued a cease and desist order against unlicensed van rental company, Airport Van Rental Inc. and its owners, Yazdan Irani, 57, of Encino, and his wife, Kimberly, 61, for operating a rental agency without a …

Court Rebuffs EPA, Blocks U.S. Sale of Dicamba-Based Herbicide by Bayer, Rivals

A U.S. appeals court has blocked Bayer AG from selling an agricultural weed killer in the United States, the latest setback for a business already fighting an expensive legal battle over another product. A three-judge panel of the 9th U.S. …

Equisoft Appoints Nicolai as Vice President of Insurance Solutions USA

Equisoft, a global provider of digital business solutions for the insurance and wealth industries, has appointed David P. Nicolai as vice president of Insurance Solutions USA in its Philadelphia, Penn., office. He brings more than 25 years of technical and …

UK Government Forms £10 Billion Reinsurance Backstop for Trade Credit Insurers

The UK government has created a £10 billion (US$12.5 billion) reinsurance scheme designed to help businesses during the COVID-19 pandemic by guaranteeing transactions insured by trade credit insurers. The Trade Credit Reinsurance scheme is designed to support UK business-to-business transactions …

Zebra Technology Adds Social Distancing Alerts to Warehouse Workers’ Scanners

Zebra Technologies Corp., which sells barcode scanners and other computers used in warehouses globally, introduced a feature on Thursday that sounds an alert when workers breach physical distancing guidelines over the novel coronavirus. Warehouses and factories have been trying to …

Senators Seek to Expand U.S. Sanctions to Insurance for Russia-Europe Pipeline

U.S. senators will announce a bill this week expanding sanctions on Russia’s Gazprom-led Nord Stream 2 project, Senate aides said, targeting a pipeline Washington says will make Europe too reliant on Russian gas. The Protecting Europe’s Energy Security Clarification Act …

More Americans Traveling Abroad Won’t Leave Home Without Insurance

In the new reality of COVID-19, some Americans may still be willing to travel abroad – but they’re going to make sure they’re insured up to the hilt. U.S. travel insurers are seeing a surge in demand for highly priced …

Did Debate Over Business Income Insurance Just Get More Complicated?

As the insurance industry faces litigation and questions over virus-related claim denials, it could soon be dealing with another business income hurdle due to the civil unrest that has taken place in many U.S. cities following the death of George …

Cyclone Nisarga Lashes India’s Business Capital, Forcing Evacuation of 100,000

A cyclone made landfall Wednesday south of India’s financial capital of Mumbai, with storm surge threatening to flood beaches and low-lying slums as city authorities struggle to contain the coronavirus pandemic. Live TV coverage showed inky black clouds framing the …

Nigeria’s Regulator Gives Insurers Additional Year to Recapitalize on COVID-19 Impact

Nigeria’s National Insurance Commission gave underwriters an additional year to recapitalize as companies deal with the effects of the coronavirus pandemic. The industry recapitalization program scheduled to end in 2020 must now be completed by September 2021, the agency said …