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

Freeman Mathis & Gary Hires Santocki as a Partner in its New York City Office

Freeman Mathis & Gary LLP (FMG), a nationwide litigation law firm with 200 attorneys and 19 offices in 10 states, has hired Alicia Santocki as a partner in the New York City office. Santocki also will practice in firm’s offices …

Tech Firms Form Coalition to Defend Internet Liability Shield Law

A number of internet companies that are not big social media players are organizing to defend the law that shields them from lawsuits. The companies have formed a coalition called Internet Works to protect what they see as the benefits …

Applied Underwriters Forms EU Subsidiary for Specialty Business in Europe, Middle East

Omaha-based insurer Applied Underwriters Inc. announced it has formed Applied Financial Lines Ltd., a new European subsidiary, which will operate from Paris and Cologne. The new company will underwrite several specialty lines, including professional indemnity and directors and officers, in …

Italy’s Banco BPM to Acquire Full Control of Insurance Joint Ventures with Cattolica

MILAN — Italy’s Banco BPM said it would end an insurance partnership with Cattolica by acquiring full control of their joint-ventures, in a move that may ease a mooted tie-up with BPER Banca. Banco BPM said late on Tuesday it …

Global Natural and Manmade Disasters Cost Insurers US$83B in 2020: Swiss Re

Insurance industry losses from natural catastrophes and man-made disasters across the globe amounted to US$83 billion in 2020, making it the fifth-costliest year for the industry since 1970, according to the Swiss Re Institute in its preliminary sigma estimates. Natural …

Insuring Cyber Podcast Episode 4: What to Know About Recent Ransomware Advisories

As the COVID-19 pandemic and the switch to remote work have highlighted cyber risks and drawn attention to the various methods cyber attackers are using, ransomware has continued to steal the spotlight. Ransomware is a type of malicious software that …

Curley Associates Acquires Maine’s Robert L. Haley Agency

Curley Associates, an insurance agency based in Sanford, Maine, has acquired Robert L. Haley Agency Inc. of Gray, Maine. The acquisition was effective October 16, 2020. According to Curley, the Gray location will remain open at this time with key …

Directors & Officers Risk Landscape Shaped by Insolvencies, COVID, Activism: Allianz

While the COVID-19 pandemic presents risks for directors and officers (D&O), it is far from the only force these insureds and their insurers will be dealing with in the year ahead. Rising insolvency exposures, growing cyber security threats and persistent …

North Carolina Insurers File for 18.7% Increase on Dwelling Policies

The North Carolina Rate Bureau, which represents all companies writing property insurance in the state, is seeking an 18.7% statewide average increase in dwelling policies. The North Carolina Department of Insurance said it received the filing for the rate hike …

The Doan Group of Georgia Adds Crowley as VP of Sales & Operations

The Doan Group, a Woodland Capital Holdings Co., has added Roger Crowley to the company in the role of vice president of Sales and Operations. According to Tim Davis, Jr. of Woodland Capital, Crowley has significant experience at an insurance …