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News – Insurance Journal
How Insurance Industry Might Respond if a Pandemic Is an Act of Terror
Imagine a scenario where COVID-19 was manufactured in a lab and was released as an act of terror. Tracey Gibbons, senior vice present, Underwriting, at Third Point Re, considers this possibility during a presentation for Carrier Management’s new series of …
POSTED SEPTEMBER 21, 2020 5:55 AM |
Startups Developing Technologies to Clean Air in Workplaces of Coronavirus
Smithfield Foods Inc. thought it was doing great. In the first quarter of this year, the pork giant’s earnings were up 190% over the same period in 2019. Then the pandemic hit, and the close quarters of meatpacking plants made …
POSTED SEPTEMBER 21, 2020 5:00 AM |
Facebook Tells Irish Court That It Needs Data Transfer Mechanism to Operate
Facebook has told Ireland’s High Court it cannot see how its services could operate in the European Union if regulators freeze its data transfer mechanism, the Sunday Business Post reported, citing court documents seen by the paper. The U.S. social …
POSTED SEPTEMBER 21, 2020 5:00 AM |
Carpenters Restoring Notre Dame Face Challenge of Using Original Materials, Design
With precision and boundless energy, a team of carpenters used medieval techniques to raise up — by hand — a three-ton oak truss Saturday in front of Notre Dame Cathedral, a replica of the wooden structures that were consumed in …
POSTED SEPTEMBER 21, 2020 5:00 AM |
USI Affinity, Crum & Forster to Provide Cyber Coverage to American Bar Assoc. Law Firms
USI Affinity and the American Bar Association (ABA) have partnered with Crum & Forster to offer a cyber liability insurance program for law firms nationwide. As the broker for the ABA Insurance Program, which provides insurance and financial products for …
POSTED SEPTEMBER 21, 2020 4:58 AM |
MetLife Looks to Sell P&C Auto and Home Insurance Business: KBW Analysts
MetLife is pursuing a sale of its property/casualty auto and home insurance business, according to a report by analysts following the company Keefe, Bruyette & Woods (KBW) analysts, Ryan Krueger and Meyer Shields, said the insurer is looking at a …
POSTED SEPTEMBER 21, 2020 12:48 AM |
Next Funding Round for Next Insurance May Double Insurtech’s Valuation to $2.25 Billion
Next Insurance is in talks to raise new capital in a round that values the insurance technology startup at about $2.25 billion, according to people familiar with the matter. Alphabet Inc.’s CapitalG is in talks to lead the roughly $250 …
POSTED SEPTEMBER 20, 2020 6:00 PM |
Report Shows Steep Drop in California Workers’ Comp IMRs in 1st Half Year
The number of independent medical reviews used to resolve California workers’ compensation medical disputes fell sharply in the first half of 2020 as the pandemic took a toll on the state’s economy with statewide unemployment spiking to a record level …
POSTED SEPTEMBER 18, 2020 9:32 PM |
Arthur J. Gallagher & Co. Acquires Erin P. Collins & Associates in Arizona
Arthur J. Gallagher & Co. has acquired Kingman, Ariz.-based Erin P. Collins & Associates Inc. Erin Collins and his associates will continue to operate from their current locations under the direction of Scott Gregory, head of Gallagher’s Southwest region employee …
POSTED SEPTEMBER 18, 2020 5:53 PM |
Fire Weather May Improve for Pacific Northwest, No Such Luck for Tinderbox California
Rains may bring some reprieve to those suffering from massive blazes in the Pacific Northwest in the next few weeks, but forecasters don’t expect any help for wildfire-plagued California anytime soon. That’s according to briefing call on Friday morning held …
POSTED SEPTEMBER 18, 2020 4:50 PM |
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