QBE Insurance is planning to raise about US$825 million in capital as a result of the economic and investment market uncertainty created by the coronavirus crisis. The company will raise approximately $750 million of equity via an institutional placement and …
Miller Insurance Services LLP has launched a quote and bind platform called “Atlantic,” which aims to provide “a more sophisticated approach to the submission, placement and management of yacht policies.” Designed for intermediaries across the globe, Atlantic handles full binder, …
Europe should not cede its sovereignty to Silicon Valley when it comes to using technology to help trace those at risk of coronavirus infection, the German developers of a smartphone app said on Tuesday. Apple and Google said last week …
Farm Bureau Insurance of Tennessee said it will issue $30 million in special payments to its auto policyholders in the state in response to economic stresses caused by the coronavirus emergency. The special payment is based on approximately 24% of …
Nonprofits Insurance Alliance (NIA), a nationwide insurer exclusively serving 501(c)(3) nonprofits, has introduced auto coverage that reimburses California nonprofits for payments made to their employees for auto physical damage caused on personal vehicles during work-related activities. The coverage is effective …
Columbus, Ohio-based Encova Insurance plans to issue a 15% policy credit to more than 80,000 personal auto policyholders for the months of April and May. Data has continued to show that as fewer vehicles are on the road due to …
A beef processing plant in one of Iowa’s coronavirus hot spots has suspended production after several workers have become infected. National Beef announced that its Iowa Premium plant in Tama will be idled until April 20. The company said numerous …
A Georgia construction company was fined around $170,000 after a worker fell to his death in February at the Interstate-285/Georgia 400 interchange, officials said. Martin-Pinero Construction was cited by the U.S. Department of Labor’s Occupational Safety and Health Administration for …
The North Carolina Department of Insurance says it is working with insurers to allow them to offer financial relief to policyholders without filing for department approval or risking violating state law during the current coronavirus pandemic. Many automobile insurers are …
Litigation surrounding coronavirus responses is already underway and businesses are warning that the fear of more lawsuits could hinder the reboot of the U.S. economy. Returning America to work will require coordination between government and business and resolution of a …
