Nigerian insurers are facing their biggest claims on record after protests against police brutality turned violent, leading to large-scale looting and destruction. Risk underwriters all over the country are inspecting business sites and verifying claims following loss notifications from big …
Cruise operator Royal Caribbean Group said on Monday it would stop all its cruises, excluding sailings from Singapore, through the end of the year, extending previous suspensions as coronavirus infections continue to increase globally. The company’s announcement comes days after …
CNA Financial Corp. doubled its 2020 Q3 net income, thanks in part to higher investment returns and rate hikes in the P/C insurance division that increased more than 12 percent on average. Net catastrophe losses soared, however, due to three …
The UK Supreme Court will hear an appeal on Nov. 16 of the Financial Conduct Authority’s (FCA) test case over which insurance companies should offer payouts to small businesses battered by the coronavirus pandemic. The hearing is expected to last …
Indianapolis, Ind.-based MJ Insurance has added risk management consultant, Dominique Norton, expanding its Commercial Insurance + Risk Management — Small Business department. Norton comes to MJ from a regional insurance brokerage, where he served as an advisor. He is an …
A Chicago-area sports fashion chain will pay $420,000 to settle a race and national origin discrimination lawsuit, federal officials say. The U.S. Equal Employment Opportunity Commission (EEOC) said City Sports has more than 15 locations in Chicago and the surrounding …
Rolling Meadows, Ill.-based Risk Placement Services (RPS), a specialty insurance distributor and Lloyd’s coverholder, has launched RPS Signature Programs, a new brand for its program administration division. Collectively, RPS Signature Programs offers industry-specific proprietary solutions on an admitted and non-admitted …
Insurance and financial services firm, Alera Group, has appointed Debra Martinez as the organization’s chief human resources officer (CHRO). Based in Houston, Martinez will lead the strategic direction of all aspects of talent management, including training and development, diversity and …
QBE North America has named Lucas Prahl senior vice president, regional underwriting leader, for the Western region. The company has also named Bobby Steinsdoerfer senior vice president, regional underwriting leader, in the Central region. Prahl, who joined QBE in 2017, …
Seeman Holtz Property & Casualty has expanded its management team for the Seeman Holtz Private Client Group, its high net worth personal lines insurance division. Joining Somtip Brunner, vice president of Sales for Private Client Group, is Terry Sgammato, national …
