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Insurtech Branch Now Offering Auto, Homeowners Insurance in Texas

Columbus, Ohio-based insurtech, Branch, has opened operations in Texas, the company’s fifth statewide expansion since launching in Ohio in August 2019. Branch says it is shaking up the insurance industry providing a way to bundle home and auto insurance in …

Dangi Joins Wisconsin’s Jewelers Mutual Group as CFO, Treasurer

Sumit Dangi has joined the leadership team of Neenah, Wisconsin-based Jewelers Mutual Group as chief financial officer (CFO) and treasurer. Dangi comes to Jewelers Mutual from HSBC Global, where he was senior vice president and CFO. While in this role, …

Updated: Insurance Premium Discounts, Other Relief Offered During Coronavirus Crisis

The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. Most discounts are for personal lines auto customers, however …

UK Regulator Wants Courts to Clarify Wording of Disputed Business Interruption Policies

Britain’s financial watchdog said on Friday it would urgently ask the courts to clarify uncertainty over whether businesses can claim compensation for disruption caused by the coronavirus pandemic. The Financial Conduct Authority (FCA) also told all insurers to assess whether …

Coronavirus Cases Surge in Reopened Colorado Beef Plant, Worker Dies

COVID-19 cases at a JBS meatpacking plant in Colorado have more than doubled “in a number of days” and a sixth employee died of the virus, a union official said on Thursday, underscoring the risks of U.S. meat plants reopening. …

Pinnacol Donates $1.8M to COVID-19 Funds for Colorado Businesses, Workers

Pinnacol Assurance donated nearly $2 million to an array of funds that support businesses and workers in Colorado impacted by the COVID-19 pandemic. Through its philanthropic giving program, Pinnacol donated the following amounts to the following funds: $1 million to …

Willis Towers Watson Withdraws 2020 Target on COVID-19 Crisis; Q1 Revenues Up 7%

Willis Towers Watson is withdrawing its 2020 guidance due to the uncertainties caused by the COVID-19 pandemic. The broker said it will re-assess the guidance once it has a clearer understanding of the depth, duration, and geographic reach of the …

Virtual ‘Woodstock for Capitalists’ May Show How Buffett’s Handling Coronavirus

Berkshire Hathaway Inc.’s annual meeting will be nothing like the extravaganzas of years past, but will give Warren Buffett a chance to show how resilient his cash-rich conglomerate may be to the coronavirus pandemic, and the investment opportunities it offers. …

Carbon Underwriting to Launch Syndicate-in-a-Box at Lloyd’s

Managing general underwriter Carbon Underwriting has received in-principle approval from Lloyd’s to launch a syndicate-in-a-box, Syndicate 4747. Carbon will start writing business, effective July 1, 2020, with stamp capacity of £15 million (US$18.4 million) in year one, estimated to rise …

Massachusetts’ EverQuote Hires Bossio as Executive VP of Insurance Data Services

EverQuote Inc., a Cambridge, Mass.-based online insurance marketplace, has hired Lee Bossio as executive vice president of Insurance Data Services. In this role, Bossio will focus on improving consumer experience by building integrated AI-driven solutions that connect insurance shoppers with …

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