Insurance broker Brown & Brown, Inc. reported second quarter revenues of $598.8 million, an increase of $23.6 million, or 4.1%, compared to the second quarter of the prior year, Commissions and fees increased in the quarter by 4.4% and organic …
Stimulus talks between President Donald Trump’s representatives and Democrats bogged down Tuesday over demands by Senate Majority Leader Mitch McConnell that his proposed changes to liability law be included wholesale in the aid package. House Speaker Nancy Pelosi said McConnell’s …
A Newport Beach, Calif.-based specialty broker believes that now is the best time to start offering pandemic insurance. Elite Risk Insurance, which specializes in bespoke risk, is offering Pandemic Outbreak with COVID-19 Relapse coverage with limits from $2 million to …
California’s attorney general and state and local agencies are investigating whether Amazon.com Inc. has taken adequate steps to protect its workers from the coronavirus pandemic, according to a court filing on Monday. Attorney General Xavier Becerra’s office, California’s Division of …
As part of an investigation into the spread of coronavirus at U.S. meat plants, Democratic Senators Elizabeth Warren and Cory Booker released responses from major producers that defended their operations during the pandemic. The four biggest meatpackers — Tyson Foods …
The workers’ compensation line is unlikely to generate a profit this year and may not recover in 2021, an insurance industry economist said during a webcast Thursday. Steven N. Weisbart, senior vice president and chief economist for the Insurance Information …
Berkshire Hathaway’s Geico, the country’s second largest auto insurer, is being targeted by a potential class action for allegedly overcharging its policyholders during the pandemic. A lawsuit filed in federal court in Illinois alleges that the 15% “Geico Giveback” premium …
A Boston-based national wholesale insurance broker is offering what it says is “among the first and most accessible” insurance policies for commercial risks arising from pandemics and epidemics. The policy, Pandemic Protector, is underwritten in the London market and exclusively …
The coronavirus outbreak has had an adverse, but manageable, impact on the European insurance sector, leading to a drop in company earnings rather than capital erosion, says Moody’s Investors Service in a report. Central bank intervention has reversed much of …
Senate Majority Leader Mitch McConnell wants to give federal courts jurisdiction over liability claims arising from coronavirus infections to limit the legal exposure of businesses, schools and other organizations as they reopen, according to a summary of legislation he plans …
