Insurance industry veteran Kevin P. Brooks passed away on April 3, 2020, due to complications of COVID-19. Brooks had a long and successful career in the insurance industry, focusing on wholesale, specialty and surplus lines. His career began in 1969 …
United Airlines Holdings Inc. was sued by a passenger for refusing to issue refunds for canceled flights, three days after U.S. regulators ordered airlines to reimburse customers. The passenger, Jacob Rudolph, filed the suit in federal court in Chicago on …
Participants in FineFix, Maryland’s auto fine forgiveness program, will be allowed to pause their payment plans during the current state of emergency in Maryland. The Uninsured Division of Maryland Auto Insurance is taking this action in order to provide additional …
Automobile insurers in Delaware are taking a number of actions in light of COVID-19, the Delaware Department of Insurance (DOI) announced. On Monday, Allstate announced it would embark on a premium payback program resulting in $1.5 million going back to …
The Federation of European Risk Management Associations (FERMA) has called for enhanced understanding of the insurance needs of European businesses to help them get through the pandemic and recover afterwards. “Many companies are under great pressure as a result of …
The European regulator has urged re/insurers to temporarily suspect dividend distributions and share buybacks aimed at remunerating shareholders, given the level of uncertainties connected to the impact of the COVID-19 crisis. The European Insurance and Occupational Pensions Authority (EIOPA) said …
Port restrictions and canceled flights are straining the ability to replace seafarers on board ships, further weakening global supply chains already snarled by the coronavirus pandemic. Hubs like Singapore, Abu Dhabi and Shanghai have halted most crew transfers, while global …
Aqueous Underwriting, a London-based managing general agent, has responded to the coronavirus crisis with a package of measures designed to help its clients in the food, hospitality and leisure sectors, which were forced to closed or curtail operations when the …
Australia’s prudential regulator on Tuesday asked banks and insurers to consider deferring dividend payouts or use buffers like dividend reinvestment plans until the impact of the coronavirus pandemic is better known. But the Australian Prudential Regulation Authority (APRA) stopped short …
QBE Insurance Group has appointed Jason Harris as chief executive officer, International, succeeding Richard Pryce who is retiring at the end of this year. The role reports to Pat Regan, group chief executive officer and forms part of the group …
