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

Chubb Names New Country President for Vietnam’s General Insurance

Global insurer Chubb announced the appointment of Khue Dinh as the new country president for its Vietnam general insurance business. In her new role, Dinh will oversee the operations and business development activities of Chubb’s key business lines in Vietnam …

Pro Sports Bubbles Offer Coronavirus Safety Lessons for Real World

The NBA wants to be back in December. The NHL is aiming at games resuming in January. Baseball’s spring training may begin in February, like normal. They almost certainly won’t be in bubbles if and when any or all of …

Top Investor Group Including Allianz Warns Firms to Cut Ties to Coal

Some of the world’s largest insurers and pension schemes are warning companies they invest in not to finance, insure, build, develop or plan new thermal coal plants or face sanctions, including possible divestment. The Net-Zero Asset Owner Alliance, whose members …

P/C Insurers Face Workforce, Risk, Policy Challenges as Pandemic Continues

Given that business-as-usual is unlikely to return soon due to the coronavirus pandemic, U.S. property/casualty insurers will continue to face challenges related to virus-related insurance losses and premium volume declines in 2021, according to Fitch Ratings. The operational and risk …

Sedgwick Adds Driggs and Dilisa to Team in Hawaii

Sedgwick has expanded its property and loss adjusting team in Hawaii with two hires. Dereck Driggs joined as claims manager for the new Oahu branch and executive general adjuster, and Mike DiLisa has joined as regional general adjuster. Driggs has …

EU Warns of New Wave of Consumer Scams Amid COVID Resurgence

The European Commission on Friday urged online platforms to gird for a fresh wave of consumer scams linked to the resurgence of COVID-19 infections in Europe and said they need to work harder against the spread of disinformation related to …

Update: Tropical Storm Eta Strikes Florida Keys, Could Still Strengthen

Updated on Nov 9, 2020, 9:36 AM – After coming ashore in the Florida Keys overnight, Tropical Storm Eta will wander the eastern Gulf of Mexico, dumping heavy rain on the Sunshine State and raking it with gusty winds. Eta …

Companies Hope to Take California Gig Worker Classification Law Nationwide

Gig economy companies want to turn California voters’ decision to make ride-service drivers contractors into a model for the nation, as several states consider requiring drivers from Uber, Lyft and rival services be treated as employees with higher compensation. Voters …

California Voters Back Ballot Measure Treating Gig Drivers as Contractors

Uber, Lyft and other app-based ride-hailing and delivery services spent $200 million in a winning bet to circumvent California lawmakers and the courts to preserve their business model by keeping drivers from becoming employees eligible for benefits and job protections. …

Vertus, Zurich Expand Hurricane Deductible Buy-Back Program Into S.C., N.C., Va.

Vertus Insurance Partners and Zurich North America have expanded the Cat4Home deductible buy-back insurance product to customers in South Carolina, North Carolina and Virginia. The expanded offering comes on the heels of the second most active Atlantic hurricane season on …