August 6, 2020
Garner Insurance Agency, LLC.
Thu, 06 Aug 2020 09:50:27 +0000
Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointment of Assad Ulhaq as senior broker and producer with immediate effect. In this role Ulhaq will focus on international property facultative reinsurance, primarily i...
Thu, 06 Aug 2020 09:28:40 +0000
DARAG Group Ltd., the Malta-based legacy acquirer, announced the acquisition of Arisa Assurances SA, an automobile and travel insurance company based in Luxembourg. The transaction will be conducted through DARAG’s German risk carrier, DARAG Deutsche V...
Thu, 06 Aug 2020 09:14:33 +0000
The devastating explosion at the Beirut’s port on Tuesday, Aug. 4 caused many casualties and considerable damage, but local insurance penetration rates in Lebanon generally are low, said AM Best in a market commentary. For the international market, how...
Thu, 06 Aug 2020 08:20:40 +0000
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Edmonton, Alberta-based Insight Insurance & Risk Management Ltd. Terms of the transaction were not disclosed. Founded in 2013, Insight is a retail insurance...
Thu, 06 Aug 2020 08:05:49 +0000
German reinsurance group Munich Re posted a 42% decline in second-quarter net profit, with around 700 million euros ($832 million) in losses related to the coronavirus pandemic in the period. The company, which had already announced preliminary earning...
Thu, 06 Aug 2020 07:43:05 +0000
AXA SA’s profit sank in the first half as it booked a 1.5 billion-euro ($1.8 billion) charge for claims related to COVID-19 and warned of further shocks from the pandemic. The French insurer saw net income fall 39% from the …
Thu, 06 Aug 2020 06:22:42 +0000
As hurricane season heats up, a growing number of properties located outside of FEMA-designated high-risk flood zones are already flooding. The problem is especially bad in the urban areas of America’s cities. A national survey shows nearly 85% report ...
Thu, 06 Aug 2020 05:00:54 +0000
Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips for …
Thu, 06 Aug 2020 05:00:49 +0000
United Valley Insurance Services Inc. has added as new member in Kulchin Ross Insurance Services LLC Tarzana, Calif. Kulchin Ross Insurance Services was founded in 2011 when owners Bill Kulchin and Derek Ross joined forces with more than 40 years …
Thu, 06 Aug 2020 05:00:49 +0000
AIG President and Chief Operating Officer Peter Zaffino said that the insurer has seen accelerated rate improvements and other gains as clients react to the ongoing COVID-19 pandemic. “We believe that COVID has resulted in a flight to quality and …
Thu, 06 Aug 2020 05:00:25 +0000
Liberty Mutual Holding Co. reported a net loss of $320 million for the second quarter versus net income of $397 million for the same quarter last year. The loss reflected the impact of COVID-19, catastrophes and the economic downturn, according …
Wed, 05 Aug 2020 20:38:52 +0000
Minnesota Gov. Tim Walz is again asking for federal help to rebuild from the unrest that followed George Floyd’s death. Walz said Monday he has requested a U.S. Small Business Administration disaster declaration that would free up low-interest loans to …
Wed, 05 Aug 2020 20:36:57 +0000
Tropical weather stirred up the Gulf of Mexico, reducing this year’s dead zone off Louisiana’s coast to the third-smallest ever measured, the scientist who has measured it since 1985 said Tuesday. Marine ecologist Nancy Rabalais said the area where the...
Wed, 05 Aug 2020 20:33:40 +0000
Houston’s mayor has instructed police to begin issuing $250 fines for flouting statewide mask orders in hopes that August will stamp out a grim summer resurgence of COVID-19 that is now responsible for at least 7,000 confirmed deaths in Texas. …
Wed, 05 Aug 2020 19:53:03 +0000
Two workers installing internet cables in Pella, Iowa, died after striking an underground, high-voltage electrical cable. Pella Police Lt. Paul Haase said the workers died Saturday morning after striking the electrical line. Haase said residents nearby...
Wed, 05 Aug 2020 19:51:10 +0000
The California Labor Commissioner’s Office has filed separate lawsuits against transportation companies Uber and Lyft for committing wage theft by misclassifying employees as independent contractors. Uber and Lyft have misclassified their drivers, whic...
Wed, 05 Aug 2020 16:58:45 +0000
Gov. Bill Lee on Monday announced he’s calling lawmakers back to the Capitol to address legislation that would provide health care providers, schools and businesses broad protections against coronavirus lawsuits. Lee said the special legislative sessio...
Wed, 05 Aug 2020 16:56:59 +0000
Tropical Storm Isaias spawned tornadoes and dumped rain along the U.S. East Coast on Tuesday after making landfall as a hurricane in North Carolina, where it smashed boats together and caused floods and fires that displaced dozens of people. At …
Wed, 05 Aug 2020 16:44:57 +0000
New York City will put up COVID-19 quarantine checkpoints at key entry points to ensure that incoming travelers from 35 states with outbreaks comply with the state’s 14-day quarantine mandate, Mayor Bill de Blasio said on Wednesday. The measure undersc...
Wed, 05 Aug 2020 15:08:17 +0000
Outdoor spaces hastily fancified for low-risk dining are keeping thousands of U.S. restaurants from closing permanently. But crashing the dinner party are tropical storms, rats — and the occasional out-of-control vehicle. On July 5, five people were in...
Wed, 05 Aug 2020 14:38:14 +0000
Oklahoma’s reported coronavirus cases rose by 377, and the state added another death due to the illness caused by the virus, the Oklahoma State Department of Health said. Oklahoma has confirmed 38,602 cases of COVID-19 and 551 deaths as of …
Wed, 05 Aug 2020 14:35:56 +0000
Arthur J. Gallagher & Co. reported second-quarter profit of $153.7 million. The Rolling Meadows, Ill.-based company said it had net income of 79 cents per share. Earnings, adjusted for non-recurring costs, were 94 cents per share. The results topped Wa...
Wed, 05 Aug 2020 14:34:25 +0000
Firefighters on Tuesday battled a large fire in downtown St. Paul that has engulfed a building that was under construction. The building is the Seven Corners Gateway site, an apartment building and hotel complex near the Xcel Energy Center, KSTP-TV …
Wed, 05 Aug 2020 14:32:34 +0000
Nevada will shift this week from broad restrictions in response to the coronavirus to an ongoing, county-by-county review where officials hope to target hot spots and specific businesses where the virus is spreading. Gov. Steve Sisolak and the state’s ...
Wed, 05 Aug 2020 14:30:20 +0000
Arizona health officials have reported 1,030 new cases of the coronavirus and 14 more deaths. The Arizona Department of Health Services has recorded 179,497 confirmed cases of COVID-19 in the state since the pandemic began. The known death toll is …
Wed, 05 Aug 2020 14:26:18 +0000
Authorities are investigating a fire in Delaware that heavily damaged a home and displaced six people. Five adults and one child fled from the home in Wilmington early Sunday morning when the blaze erupted, the State Fire Marshal’s Office said …
Wed, 05 Aug 2020 14:00:28 +0000
Buckle, a digital seller of rideshare insurance, disclosed it has raised $31 million in new venture financing and will use the money to expand operations nationally. HSCM Bermuda and Eos Venture Partners co-led the Series A round, which is also …
Wed, 05 Aug 2020 13:49:27 +0000
Miniter Group has named Donald Marthey as vice president of Business Strategy and Tracking Operations. In this role, Marthey will oversee the strategic direction of Miniter’s Borrower-CentricSM insurance tracking operations. He joined Miniter as a vice...
Wed, 05 Aug 2020 13:42:41 +0000
World Insurance Associates LLC (WIA) acquired Loveman, Kornreich & Steers Inc. of White Plains, N.Y., on July 1, 2020. Terms of the transaction were not disclosed. Loveman, Kornreich & Steers specializes in a multitude of insurance programs for busines...
Wed, 05 Aug 2020 12:28:46 +0000
Pie Insurance, a technology-driven workers’ compensation provider for small businesses, has a new portal that it says makes it easier for agents to submit their workers’ compensation accounts and track their status in real time. Pie said the portal fea...