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News – Insurance Journal
Thai Insurer’s Coronavirus Cover Draws ‘Overwhelming’ Demand
The founder of one of the world’s best-performing insurance firms this year never imagined its policies to cover illness from the coronavirus would draw “overwhelming” demand when it began selling them well before the pathogen spread across Thailand and the …
POSTED APRIL 06, 2020 7:30 AM |
West Virginia Governor’s Coal Companies to Pay $5M in Fines for Safety Violations
Billionaire West Virginia Gov. Jim Justice’s coal companies have agreed to pay more than $5 million for thousands of mine safety violations, federal prosecutors said Wednesday. The civil case brought by prosecutors in Virginia last year on behalf of the …
POSTED APRIL 06, 2020 6:55 AM |
Alliant Names Dolan, Graham National Wrap-Up Program Leaders
Newport Beach, Calif.-headquartered Alliant Insurance Services has tapped Kevin Dolan and Craig Graham to co-lead the national wrap up insurance team for Alliant Construction Services Group. Dolan is based in New York City and Graham is based in Los Angeles. …
POSTED APRIL 06, 2020 6:12 AM |
Forecaster Sees ‘Greater Than Average’ Hurricane Season This Year
The 2020 Atlantic hurricane season could see a greater than average number of major hurricanes because of warmer seas and favorable weather patterns, forecasters from Colorado State University’s Tropical Meteorology Project said on Thursday. Four major hurricanes packing winds of …
POSTED APRIL 06, 2020 5:00 AM |
Federal-State Pandemic Training Focused on Flu, Not New Virus
In August, months before the first case of the new coronavirus was documented, some of Colorado’s top health officials gathered in a room at the state Department of Public Health and Environment to train for a pandemic. The hypothetical scenario: …
POSTED APRIL 06, 2020 5:00 AM |
Coronavirus Impact on Aviation Insurance: Gallagher
Airplanes with a total insured value of more than $160 billion are grounded around the world, presenting risks for insurers, a report said on Friday. Singapore has the largest number of planes standing idle at airports, at 205, with Hong …
POSTED APRIL 06, 2020 1:46 AM |
Travelers to Provide $100 Million Cash Flow Boost to Agents Amid Coronavirus Crisis
The Travelers Companies announced that it will accelerate commission payments to eligible agents and brokers to help them ease liquidity concerns due to the COVID-19 crisis. In total, Travelers said it is accelerating more than $100 million, which it called …
POSTED APRIL 05, 2020 11:58 PM |
California Commissioner Orders Insurance Claim, Coverage Deadline Extensions
California Insurance Commissioner Ricardo Lara has issued a notice to insurers ordering them to stop enforcing policy or statutory deadlines on policyholders for claims or coverage until 90 days after the statewide “state of emergency” or other “state of emergency” …
POSTED APRIL 03, 2020 7:52 PM |
Mississippi Businesses Shift Production During Pandemic
As the nation hunkers down and people shelter in place amid the coronavirus pandemic, several Mississippi businesses have stayed open, switching gears to make much-needed products. A jeans company is making face guards, a coffeehouse is making loaves of bread …
POSTED APRIL 03, 2020 4:58 PM |
Gender Reveal Party Sparks 10-Acre Fire in Florida
A gender reveal party mixed with explosives sparked a 10-acre fire in Florida. It happened Saturday in Brevard County, WESH-TV reported. The county has prohibited open burning because of an increase in fires, and officials are urging people to follow …
POSTED APRIL 03, 2020 4:54 PM |
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