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Drugmaker Questioned for Nearly Tripling Price of Potential COVID-19 Drug

The chair of a House of Representatives committee and a fellow Democratic committee member on Monday urged Jaguar Health Inc. to reverse recent price hikes of a drug that could be used to treat side effects in COVID-19 patients and …

RMS Releases High Definition Models for European Severe Convective Storm

RMS, the Newark, Calif.-based risk modeling and analytics firm, announced the release of new European Severe Convective Storm (EU SCS) High Definition Models. The models represent 50,000 years of simulation of hail and straight-line wind and tornado risk and include …

Crane Named CEO of Specialist Re/insurance Broker THB Group

THB, the specialist insurance and reinsurance broker, announced that Matthew Crane has been named chief executive officer of THB Group and president of the International division of AmWINS Group, Inc., global distributor of specialty insurance products and services. Crane succeeds …

Supreme Court Agrees to Hear Micro-Captive Insurer Tax Case

The U.S. Supreme Court agreed to review a ruling that critics say would give the Treasury Department and Internal Revenue Service a sweeping shield from challenges to their regulations. The justices said Monday they will hear arguments over a reporting …

AIG Takes Hit from Coronavirus in Q1; Sees Industry’s ‘Biggest CAT Loss Ever’ Ahead

Insurer American International Group Inc. on Monday posted a 93% drop in quarterly adjusted profit, as it set aside money to cover claims related to the COVID-19 outbreak, which it called the single largest catastrophe loss the industry has ever …

Insurers’ Loss Estimates Linked to Coronavirus Range Widely: Analysis

Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars in losses they face, and what the fallout will be for their massive investment portfolios. Executives, lawyers and analysts say …

Florida-Based BKS-Partners Appoints Nash as Regional President

BKS-Partners, an insurance brokerage and risk management firm headquartered in Tampa, Fla., has appointed Kelly Nash to Regional president. As BKS-Partners Regional president, Nash will take responsibility over the BKS-Partners business, including Commercial Risk Management, Employee Benefits, and Private Risk …

North P&I Enters Blue-Water Hull, Machinery Market

Global marine insurer North P&I has entered the blue-water and hull and machinery market with a new insurance product line. The new offering from North is designed for larger ocean-going vessels and will complement the H&M insurance already available from …

Neptune Doubles Lloyd’s Capacity to Expand Private, Commercial Flood Product

Neptune Flood, an online flood insurance company, has entered into strategic underwriting partnerships that double its capacity at Lloyd’s. Neptune, a Lloyd’s Coverholder since 2017, is now working with three Lloyd’s syndicates to provide capacity to the U.S. private flood …

EEOC Complaint: Florida ICU Nurse Denied Rental Because of Virus Concerns

A Florida nurse filed an equal opportunity complaint alleging her condo rental application was denied because her ICU job brings her in contact with novel coronavirus patients. Jennifer Piraino said she submitted an application to rent a two-bedroom, two-bath condo …

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