November 6, 2020
German insurer Allianz on Friday declined to provide a forecast for 2020 given uncertainty around the COVID-19 pandemic, despite delivering an unexpected 6% rise in third-quarter net profit. Allianz, like other insurers, has warned about the impact of clients making …
November 6, 2020
An assistant chief of police in Kauai settled a lawsuit against his department and Kauai County for $1.84 million. Mark Begley sued the county and the Kauai Police Department in 2016, alleging he was harassed and retaliated against by former …
November 5, 2020
Local governments are increasingly taking it upon themselves to address climate change. Denver voters on election day passed Measure 2A, which would raise city sales tax by 0.25% starting in January with the goal of reducing the city’s climate footprint, …
November 5, 2020
California Insurance Commissioner Ricardo Lara on Thursday announced a mandatory one-year moratorium on insurance companies non-renewing or cancelling residential property insurance policies, a move he says is aimed at helping 2.1 million policyholders affected to date by the record 2020 …
November 5, 2020
RSA is in talks with a consortium of Canadian insurer Intact Financial and Danish insurer Tryg about a possible break-up deal that values the British firm at about 7.2 billion pounds ($9.46 billion). RSA said its board would be minded …
November 5, 2020
Cincinnati Financial Corp.’s London-based global specialty underwriting subsidiary, Cincinnati Global Underwriting Ltd., will begin writing two new lines of business: contingency and specie. Contingency insurance covers film and entertainment risks, such as: insuring film and TV production for their props, …
November 5, 2020
A Howell, Michigan, insurance agent has been charged with embezzlement and conducting a criminal enterprise, among other felonies, according to state Attorney General Dana Nessel. Alicia Holbrook-Bloink is accused of taking more than $375,000 of her clients’ money between 2015 …
November 5, 2020
Gordon Amini, general counsel of the Oklahoma Insurance Department, will retire at the end of the year. During his 43-year career as corporate legal and regulatory counsel, Amini was a member of the Oklahoma Bar Association and admitted to practice …
November 5, 2020
Georgia’s highest court on Monday found that a lower court was wrong to grant immunity from prosecution to three sheriff’s deputies facing murder charges in a stun gun death dating to July 2017. The three white Washington County deputies – …
November 5, 2020
A Chicago scrap shredder with a history of pollution problems has agreed to pay an $18,000 fine and make improvements intended to prevent explosions and stop metallic pollution from drifting into nearby neighborhoods. General Iron Industries agreed to the settlement …