BEST'S MARKET SEGMENT REPORT: AM BEST ASSIGNS NEGATIVE OUTLOOK TO SPAIN'S LIFE INSURANCE MARKET

AM Best has assigned a negative market segment outlook to the Spanish life insurance market. Key supporting factors include AM Best's...

BEST'S MARKET SEGMENT REPORT: AM BEST MAINTAINS STABLE OUTLOOK ON SPAIN'S NON-LIFE INSURANCE MARKET

AM Best is maintaining a stable market segment outlook on the Spanish non-life insurance market. Key supporting factors include the...

 
 
 

ENSTAR CLOSES DEAL TO REINSURE ASPEN ADVERSE DEVELOPMENT

Enstar Group Ltd. said one of its subsidiaries has closed a transaction to reinsure Aspen Insurance Holdings Ltd. for about $$770 million...

WASHINGTON ORDERS NO COST SHARING ON COVID-19 LAB WORK

Washington state Insurance Commissioner Mike Kreidler has issued an emergency order prohibiting insurers from balance-billing patients...

 
 
 

APCIA, CREDIT AGENCIES, OBJECT TO PROPOSED COLORADO CREDIT DIRECTIVE

An insurance trade association and credit scoring institutions have joined arms in opposing a proposed directive in Colorado that would...

PANDEMIC RE STEERING COMMITTEE NAMES LEADERS TO SIX WORKING GROUPS

The Pandemic Re Steering Committee has formed a project committee and six working groups of executives from across the U.K. insurance...

 
 
 

LOUISIANA LAWMAKERS TAKE AUTO INSURANCE BILL TO THE WIRE

Louisiana lawmakers are negotiating over a final bill to reform the state's automobile insurance system and provide rate relief as...

BLUE CAPITAL RE CALLS JULY SPECIAL MEETING ON LIQUIDATION

Blue Capital Reinsurance Holdings Ltd. said it will hold a special general meeting of shareholders July 28 to approve the company's...

 
 
 

US SUPREME COURT SIDES WITH PENSION PLAN ADMINISTRATORS IN $750 MILLION CLASS-ACTION SUIT

The U.S. Supreme Court rejected a class-action lawsuit, which alleged administrators of a defined-benefit pension plan breached their...

AM BEST: INSURERS REDUCE HEDGE-FUND INVESTMENTS FOR FOURTH-STRAIGHT YEAR

In this episode of AMBestTV Jason Hopper, associate director, AM Best, said U.S. insurers for a fourth straight year reduced their...

 
 
 

LOCKTON CAPITAL MARKETS NAMES CEO

Lockton Capital Markets has named Ken Pierce as chief executive officer. Pierce has 30 years experience as a leader in the insurance...

ZURICH: WORST-CASE SCENARIO MAY COST $200 MILLION IN UK BUSINESS INTERRUPTION CLAIMS

As it welcomed a U.K. regulator's effort to clarify business interruption claims related to the COVID-19 pandemic, Zurich Insurance...

 
 
 

UK REGULATOR TAPS INSURERS FOR BUSINESS INTERRUPTION TEST CASE

The United Kingdom's financial services regulator asked eight insurers to participate in a test case on business interruption policy...

BEST'S REVIEW EXAMINES HOW COVID-19 IS RESHAPING THE INSURANCE INDUSTRY

The June issue of Best's Review looks at how insurers are responding to COVID-19 and other catastrophes. The global pandemic is on...

 
 
 

AM BEST TO HOST WEBINAR ON WHAT LIFE INSURERS NEED TO KNOW ABOUT IDENTITY ACCESS MANAGEMENT

AM Best will host a complimentary webinar, sponsored by LexisNexis® Risk Solutions, on June 30, 2020, at 2 p.m.. Now more than ever,...

NCCI CHIEF: PANDEMIC IMPACTS WORKERS' COMP PREMIUMS, CLAIMS

Skyrocketing unemployment rates are pushing workers' compensation premiums down, while claims related to the coronavirus pandemic are...

 
 
 

LOW INTEREST RATES SPUR ATTRACTION TO RESURRECTED TALF PROGRAM, OBSERVERS SAY

The resurrected Term Asset-Backed Loan Facility is attracting insurers and asset managers in this low interest rate environment, according...

MARINE INSURER STANDARD CLUB RETOOLS MANAGEMENT PARTNERSHIP WITH CHARLES TAYLOR

Standard Club Ltd. said it will bring its core management operations “in house” as the marine and energy insurer takes over day-to-day...

 
 
 

US HOUSE BILL WOULD CREATE COVID-19 LIABILITY SHIELD FOR HEALTH CARE PROVIDERS

A U.S. House bill would craft a liability shield for health care professionals providing services during the coronavirus emergency,...

ARIZONA LEGISLATURE SENDS GOVERNOR ANNUITY SUITABILITY BILL

The Arizona legislature has delivered to Gov. Doug Ducey a bill to adopt a model regulation for annuity sales that requires financial...

 
 
 



Trump demanded his church photo-op because he didn't like being mocked for...

Trump demanded his church photo-op because he didn't like being mocked for hiding from protests in a bunker, reports say

President Donald Trump was enraged by coverage of him sheltering in a bunker during protests around the White House, according to several reports. In response, the reports... Read more ...

Global stocks jump as analysts say widespread protests in the US will have...

Global stocks jump as analysts say widespread protests in the US will have 'little to no effect' on markets

Global stocks climbed on Tuesday as investors largely ignored mass protests in the US, threats from President Donald Trump to deploy military forces to quash the protests, and... Read more ...

Here's what businesses damaged during civil unrest should know about...

Here's what businesses damaged during civil unrest should know about applying for insurance money - and how those worried about future damage can get for coverage

Small businesses suffered property damage losses amid protests against police brutality and the death of George Floyd. Protests that began peaceful turned destructive... Read more ...

Global stocks jump as analysts say widespread protests in the US will have...

Global stocks jump as analysts say widespread protests in the US will have 'little to no effect' on markets

Global stocks climbed on Tuesday as investors largely ignored mass protests in the US, threats from President Donald Trump to deploy military forces to quash the protests, and... Read more ...

Minneapolis Ranks Near The Bottom For Racial Equality

Minneapolis Ranks Near The Bottom For Racial Equality

The problem goes deeper than police misconduct. (Image credit: Kerem Yucel/AFP via Getty Images) Read more ...

Germany is planning a fresh $112 billion domestic coronavirus stimulus...

Germany is planning a fresh $112 billion domestic coronavirus stimulus package, just days after the EU launched its historic $826 billion plan

Germany could launch a fresh package of stimulus of as much as €100 billion to defend against the coronavirus, Bloomberg reported, just days after the EU proposed a €750... Read more ...

New York City is reportedly voting on a bill that would criminalize the...

New York City is reportedly voting on a bill that would criminalize the NYPD's use of chokeholds during an arrest, as protests for George Floyd rage on

The New York City Council, the city's legislative body, will soon vote on legislation that would criminalize the use of a chokehold by NYPD officers during an arrest, NY1... Read more ...

A Lime investor predicts only 2 or 3 scooter players will win after...

A Lime investor predicts only 2 or 3 scooter players will win after COVID-19, meaning there's going to be a major crunch in Europe

Scooter startups are at a crossroads with COVID-19 and potential capital scarcity forcing an increased focus on sustainability and careful use of cash. In the US, the market... Read more ...

A white supremacist channel on Telegram encouraged followers to incite...

A white supremacist channel on Telegram encouraged followers to incite violence during police brutality protests by 'shooting in a crowd,' according to internal DHS memo

A white supremacist channel on Telegram encouraged its followers to spark violence to start a race war in the aftermath of the police killing of George Floyd, Politico... Read more ...

Air Force's top enlisted leader writes passionate post revealing greatest...

Air Force's top enlisted leader writes passionate post revealing greatest fear is waking up to find a black airman was killed by police

The US Air Force's top enlisted airman wrote an emotional and passionate post on Monday expressing not only his outrage over the death of George Floyd, a black man who died in... Read more ...