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

Hurricane Zeta Insured Loss Estimates Range from $1.5B to More than $4B

Insured losses from Hurricane Zeta — the fifth named storm to make landfall in Louisiana and the third hurricane to hit the state in the span of two months — will likely come in somewhere between $1.5 billion and $4.4 …

Starr Insurance Renews Partnership with Georgia State’s Institute for Insight

Starr Insurance Companies, a global insurance and financial services organization, has renewed its partnership with the Institute for Insight, a unit of Georgia State University’s Robinson College of Business that brings together students, faculty and other partners to how identify …

Bayer Fails to Settle U.S. Roundup Lawsuits, Risking Restart of Federal Trials

Bayer AG failed to settle outstanding U.S. Roundup lawsuits by Monday, the deadline set by a judge who has said he’ll resume federal trials over claims the weedkiller caused consumers’ cancer. Ahead of its release of an earnings statement Tuesday, …

Houston’s HIIG Expands D&O Coverage for Public Companies; Adds Top Talent

Houston International Insurance Group Ltd. (HIIG) is expanding its management liability coverage offerings to include an excess public D&O (directors and officers) product. As part of this expansion, Peter Bujosa has joined the company as Public D&O lead. Bujosa previously …

U.S. Cities Prepare for Possible Election Unrest

Temporary extra fencing has been erected around the White House, plywood affixed to storefronts in Manhattan and the National Guard put on notice in Portland, Oregon, as U.S. cities braced for possible unrest on election day. “We don’t see specific …

Swedish Insurer Folksam Accidentally Leaks Private Data on 1 Million Customers

Sweden’s largest insurer, Folksam, accidentally leaked private data on about one million of its customers to a handful of the world’s largest technology companies, it said on Tuesday. Folksam, which insures 50% of Swedish homes and individuals, shared the data …

Update: China Suspends Ant Group’s $37 Billion IPO

HONG KONG/NEW YORK — China suspended Ant Group’s $37 billion listing on Tuesday, thwarting the world’s largest stock market debut with just days to go in a dramatic blow to the financial technology firm founded by billionaire Jack Ma. The …

CRC Group Acquires W. Brown & Associates in California

CRC Group has completed its acquisition of W. Brown & Associates Property & Casualty, an Irvine, Calif. -based surplus lines broker and MGA. Brown & Associates will be part of CRC Group’s Commercial Solutions Division. W. Brown & Associates Aviation …

California Voters Deciding Fate of Gig Economy Workers

Trend-setting California votes on the future of the gig economy on Tuesday, deciding whether to back a ballot proposal by Uber and its allies that would cement app-based food delivery and ride-hail drivers’ status as independent contractors, not employees. The …

Analysts, Investors React to China’s Suspension of Ant Group’s Mega IPO

China suspended Ant Group’s $37 billion stock market listing on Tuesday, thwarting the world’s largest IPO with just days to go, in a dramatic move that left investors and bankers scrambling for answers. Following are instant reactions from investors and …