PG&E Will Plead Guilty to Involuntary Manslaughter in California Wildfire March 24, 2020 Pacific Gas & Electric said it will plead guilty to 84 counts of involuntary manslaughter in connection with the 2018...
Beazley’s Bernacki Named President of AmWINS Special Risk Underwriters March 24, 2020 Global specialty insurance wholesaler AmWINS Group announced that Mark R. Bernacki will join the firm as president of AmWINS Special...
Insured Losses for Europe’s Storm Sabine (aka Ciara) Estimated at €1.55B: PERILS March 24, 2020 The initial loss estimate for extratropical cyclone Sabine”, also known as “Ciara” and “Elsa,” is €1.55 billion (US$1.8 billion), according...
Tokyo Games Delayed to 2021 in 1st Postponement in Olympics’ 124-Year History March 24, 2020 By Sakura Murakami and Karolos Grohmann The Tokyo Olympics were postponed on Tuesday into 2021, the first such delay in the Games’ 124-year modern history, as...
Commentary: Does Business Income Insurance Cover Coronavirus Shutdowns? March 24, 2020 By Bill Wilson On March 16, a lawsuit was filed in district court in New Orleans seeking a declaratory judgment about whether the...
Fitch Revises Outlook for London Insurance Sector to Negative on COVID-19 Impact March 24, 2020 Fitch Ratings has revised its outlook for the underlying fundamentals of the London market insurance sector to negative from stable....
Liability Insurers Report Rise in Claims Against Architects and Engineers March 24, 2020 By Jim Sams Increased billings by architecture and engineering firms generated bigger professional liability premiums in 2019 but also led to the first...
World Insurance Associates Acquires Virginia Insurance Partners March 24, 2020 World Insurance Associates LLC (WIA) has acquired Virginia Insurance Partners (VIP). The transaction was effective February 1, 2020, and terms...
Peachtree Special Risk Brokers Acquires Massachusetts’ RLA Insurance Intermediaries March 24, 2020 Peachtree Special Risk Brokers LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of...
A.M. Best Downgrades Rhode Island’s Providence Mutual March 24, 2020 The Providence Mutual Fire Insurance Co. has been dealt a financial strength rating downgrade from A.M. Best. A.M. Best said...