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

Climate Risk Analytics Firm Gets Capital Injections from Liberty and MS&AD

Jupiter, a Silicon Valley startup provider of predictive data and analytics for climate risk, announced it has raised additional capital from insurers Liberty Mutual and MS&AD Insurance Group Holdings, and SYSTEMIQ, a sustainable economic systems firm. Jupiter, which declined to …

RMS Estimate: Insured Losses from Hurricane Hanna Won’t Exceed $400M

Catastrophe risk products and services company, Risk Management Solutions Inc. (RMS), has estimated that insurance losses in the U.S. from Hurricane Hanna will not exceed $400 million. This estimate represents insured losses associated with wind and storm surge, including losses …

Georgia Gov, Atlanta to Continue Mediation on Mask Order

Georgia’s governor has withdrawn a request for an emergency order to block the state’s largest city from ordering people to wear masks in public or imposing other restrictions related to the COVID-19 pandemic while a lawsuit on the matters is …

Court Revives Actress Judd’s Sex Harassment Lawsuit Against Weinstein

Actress Ashley Judd persuaded a federal appeals court to let her proceed with a sexual-harassment claim against former movie mogul Harvey Weinstein, who she said sabotaged her career after she rejected his advances. The allegation stems from an episode at …

Insurance Premium Relief Programs Have Saved Oklahoma Drivers over $164M

Refunds, dividends, credits, or other appropriate premium adjustments automobile insurance companies have offered to their customers due to the COVID-19 pandemic have saved Oklahoma drivers $164 million, the state insurance department reported on July 20. 99 Oklahoma property/casualty insurance companies …

Insurance Journal Offers Free Agency for Sale Listings. What’s the Catch?

Insurance Journal announced that insurance agency owners looking to sell their agencies may post agency-for-sale listings on the highest trafficked property/casualty insurance news site in the world. For free. What’s the catch? If the insurance agency sale occurs due to …

Coastal Flooding Could Threaten 20% of World’s Economic Output by 2100: Study

Failure to rein in climate change and bolster sea defenses could jeopardize up to a fifth of the world’s economic output by the end of the century, as flooding threatens coastal countries worldwide, according to a study released on Thursday. …

Marsh & McLennan Profit Up in Q2; CEO Sees Aon-Willis Merger ‘Good’ for MMC

The pending acquisition by insurance broker Aon of rival Willis Towers Watson is “not good for the market or for clients but is good for Marsh & McLennan,” commented Daniel Glaser, president and chief executive officer of Marsh & McLennan …

56 Workers Positive for Coronavirus at Alaska Seafood Plant

A seafood processing plant in Anchorage, Alaska has found 56 employees tested positive for COVID-19, marking the latest outbreak in the industry, health officials said. The Anchorage Health Department announced Friday that testing was conducted between July 17 and July …

Judge Limits Wrongful Death Lawsuit to Oregon Police

A federal judge says a wrongful death lawsuit stemming from the fatal shooting of a man who helped lead the armed occupation of an Oregon wildlife refuge can proceed against Oregon State Police, but allegations against other federal, state and …