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News – Insurance Journal
Florida CFO to Focus On Pandemic Business Liability Protections in 2021 Session
Florida CFO Jimmy Patronis said he will pursue legislation that establishes liability protections for businesses in the next legislative session slated to start in March 2021. The Florida Department of Financial Services said in a statement that Patronis is currently …
POSTED MAY 27, 2020 5:41 AM |
Retail Subsidiaries of BB&T Rebrand as McGriff, Maintain North Carolina Headquarters
McGriff Insurance Services, Inc., and McGriff, Seibels & Williams, Inc., the retail insurance subsidiaries of BB&T Insurance Holdings, have rebranded their businesses to McGriff. The company said in a statement the rebranding is designed to simplify the firm’s overall identity …
POSTED MAY 27, 2020 5:33 AM |
SEC Pursues Coronavirus Fraudsters With Help From Whistleblowers
The novel coronavirus outbreak and economic fallout is proving to be a bonanza for whistleblower lawyers as the U.S. securities regulator cracks down on a range of related misconduct from companies touting sham cures to misuse of federal aid. The …
POSTED MAY 27, 2020 5:00 AM |
P/C Insurance Underwriting Profits Up 21% for Q1: AM Best Analysis
Even though unrealized capital losses pushed surplus down 9 percent from year-end 2019 for the U.S. property/casualty insurance industry, aggregate underwriting profits for first-quarter 2020 were more than 21 percent higher than first-quarter 2019, AM Best reported. The first-quarter underwriting …
POSTED MAY 27, 2020 5:00 AM |
Property Damage – Is It Because the Government Says It Is?
Property Damage: Is it “Property Damage” Just Because a Jurisdictional Order Uses the Term “Property Damage”? Some plaintiff attorneys are almost giddy over the fact that several jurisdictions used the term “property damage” in their respective emergency declarations to justify …
POSTED MAY 27, 2020 5:00 AM |
Lockton Affinity to Offer Coverage for Architects, Engineers through GenStar
Lockton Affinity has expanded its insurance coverage offerings to include customized policies for architecture, civil engineering, construction management, design build, electrical engineering, HVAC engineering, interior design, landscape architecture, mechanical engineering and surveying professionals. These professionals will have access to professional …
POSTED MAY 27, 2020 4:12 AM |
Times Square to Go Dark to Shine Light on Fight Over Business Interruption Insurance
The digital billboards in New York City’s famous Times Square will go dark tonight at 9 pm ET for one minute to dramatize the plight of restaurants, non-profits and retailers across the country that are suffering business losses due to …
POSTED MAY 27, 2020 2:16 AM |
Oregon’s New Insurance Emergency Orders Released for COVID-19
The Oregon Department of Consumer and Business Services has issued emergency orders related to COVID-19 for insurance companies providing property/casualty, long-term care, and life and disability insurance. The orders require insurance companies providing these policies to do the following: Provide …
POSTED MAY 26, 2020 6:38 PM |
State Fund in California Accepting Applications for $50M Return to Work Fund
State Compensation Insurance Fund in California has started accepting applications for its $50 million Returning California to Work COVID-19 Safety Protocol Fund. The fund will help State Fund policyholders implement new safety measures to combat the spread of COVID-19 as …
POSTED MAY 26, 2020 5:08 PM |
Stay-At-Home Order Extended to June 1 in Mississippi
Mississippi Gov. Tate Reeves said Friday that he’s adding another week to his statewide “safer at home” order because of the coronavirus pandemic, but he’s also easing restrictions on water parks and other outdoor sports and leisure venues. The home …
POSTED MAY 26, 2020 4:53 PM |
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