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

Lloyd’s Reports First Half Loss of $520M on COVID-19 Insurance Claims

Lloyd’s of London recorded a pretax loss of 400 million pounds ($520.08 million) in the first half, battered by the coronavirus pandemic, the commercial insurance market said on Thursday. Insurers around the world have paid out on event cancellation, travel, …

Board Appoints William J. Hold President and CEO of The National Alliance for Insurance Education & Research

September 10, 2020, Austin, TX— The CIC, CISR, and Academy Board of Directors appointed William J. Hold as President and CEO of The National Alliance for Insurance Education & Research at the bi-annual board meeting on August 25, 2020. Father, …

Liberty Company in California Names Tryon Vice President of Marketing

The Liberty Company Insurance Brokers has named Kip Tryon vice president of marketing and branding. Tryon has been involved with Liberty’s outreach marketing efforts and after four years in roles of increasing responsibility. He will now oversee a team dedicated …

ESG Industry Booms but Investors Worry Risks Are Piling Up

LONDON— If fund managers are serious about clean investments, they need to get their hands dirty. That’s the view of Sasja Beslik, head of sustainable finance at Swiss bank J. Safra Sarasin, as demand surges for companies that perform well …

China Counters U.S. ‘Clean Network’ With Own Global Data Security Initiative

China has launched an initiative to address global data security issues, a countermove to the U.S. “clean network” program that is aimed at discouraging other countries from using Chinese technology. Foreign Minister Wang Yi announced the initiative in Beijing on …

COVID-19 Takes Toll on Canada’s Auto, Life Insurers

Canada’s property/casualty insurance industry thus far has fared better than its life counterpart amid the economic and market dynamics created by the COVID-19 pandemic, according to an AM Best report. In its Best’s Market Segment Report, titled, “COVID-19 Taking Its …

With COVID Infections Rising, England Limits Gatherings, Plans for Mass Testing

Prime Minister Boris Johnson announced new restrictions on social gatherings in England on Wednesday, saying there was a clear need to act after a spike in COVID-19 infections. Speaking at a televised news conference, flanked by his top medical advisers, …

Schools Find Lessons About Insurance Liability and COVID-19 Are Complicated

School officials and insurers across the country are facing questions about COVID-19-related insurance liability as they begin classes, but answers remain elusive, according to A.M. Best. “Uncertainty about the plethora of issues involved with school liability abounds,” A.M Best said …

More Questions Raised Following EU Ruling on U.S. Data Transfer Privacy Shield

The key mechanism used by Facebook to transfer data from the European Union to the United States “cannot in practice be used” for such transfers, according to Ireland’s Data Protection Commission, Facebook said on Wednesday. The U.S. social media giant …

SIS Insure Increases Capacity for Contractors Program Through AF Group

Safebuilt Insurance Services, a licensed program manager, has partnered with AF Group to expand its capacity for general liability programs for construction contractors. SIS Insure is a subsidiary of Integrated Specialty Coverages (ISC), a program administrator that builds insurance products …