November 12, 2020 – Garden City, NY – Wright Specialty Insurance, which provides a comprehensive suite of property and casualty insurance coverage and services for educational institutions nationwide, has expanded its relationship with Munich Re Specialty Insurance in order to …
HUB International Limited (Hub), a leading global insurance brokerage, has acquired the assets of Leading Edge Benefit Advisors, LLC, Raimey, Corp., Leading Edge Human Resource Services, LLC, Leading Edge Companies, LLC, Leading Edge Financial Group, LLC, Leading Edge Retirement Plan …
Financial risks related to the coronavirus pandemic will last for months if not years, Switzerland’s financial market supervisor FINMA said on Wednesday, pointing to particularly heightened risk of defaults on corporate loans. “Thanks to the cushion of liquidity and capital …
The U.S. is drawing up additional sanctions on the Nord Stream 2 natural gas pipeline project, the latest obstacle in the path of the 9.5 billion-euro ($11.2 billion) Russia-to-Germany link that’s been halted almost a year. House and Senate negotiators …
While the COVID-19 pandemic has slowed business activity around the globe, for underwriters in the Lloyd’s market who were in the process of increasing property insurance rates when the pandemic hit, the timing may be auspicious. Had the outbreak struck …
Parents who’ve lost their jobs during the pandemic are driving a surge of litigation, alleging their employers discriminated against them for taking care of their kids when schools closed. Since March, working parents have filed at least 40 lawsuits accusing …
Britain will attempt to reassure nervous business leaders that it appreciates the need for clarity on rules outside of the European Union by setting up a task force to discuss challenges 50 days before the transition period ends. The United …
Coverys Managing Agency Ltd. announced that its DTW Syndicate 1991 at Lloyd’s of London will stop accepting new and renewal business starting December 31, 2020. “Every effort has been made to implement remediation measures on underperforming business over the past …
A new study from the California Workers’ Compensation Institute shows the steep drop in the number of inpatient hospitalizations involving injured workers in the state over the past decade was largely due to the ongoing decline in spinal fusions and …
Palomar Specialty Insurance Co. has agreed to acquire the renewal rights to GeoVera’s Holding’s Hawaii residential hurricane policies. The transaction is expected to further deepen Palomar’s presence in Hawaii, a market that the company has served since 2015. Through an …
