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News – Insurance Journal
Even Failed Claims Against Nurses Cost Insurers $20K, Liability Study Shows
Liability claims that involve nurses cost an average of $210,513 if a large indemnity payment is made, but even claims that are dropped, defeated or dismissed end up costing more than $20,000, according to a report released by CNA and …
POSTED SEPTEMBER 28, 2020 11:39 AM |
Wildfire Forces Home, Hospital Evacuations in California’s Napa Valley Wine Area
A wind-driven wildfire erupted on Sunday in the heart of northern California’s Napa Valley wine country to spread across nearly 2,000 acres (809 hectares), forcing the evacuation of a hospital and hundreds of homes, authorities said. Fire crews were out …
POSTED SEPTEMBER 28, 2020 11:20 AM |
Munich Re Subsidiary NewRe Names Braune as CEO, Succeeding Strasser
New Reinsurance Co. Ltd., a wholly owned subsidiary of Munich Re, announced that its board of directors appointed Dr. Thomas Braune as its new chief executive officer. Braune will assume his new role on Oct. 1, 2020, succeeding Dr. Renate …
POSTED SEPTEMBER 28, 2020 11:16 AM |
Beazley Expands Life Sciences Insurance Offering in UK
Specialist insurer Beazley has enhanced its life sciences insurance offering in the UK with the launch of a new policy designed to protect the sector’s small and start-up research & development-focused organizations. This follows the UK launch of Beazley’s internationally …
POSTED SEPTEMBER 28, 2020 7:47 AM |
Florida Peninsula Promotes Gonzalez to Director of Agency Support
The Florida Peninsula Insurance family of companies, which includes Edison Insurance Co., has promoted Mariella Gonzalez to director of Agency Support. In addition to her current role as director of Community Involvement, Gonzalez will now oversee all agent support functions …
POSTED SEPTEMBER 28, 2020 7:31 AM |
Mississippi Receives $23M in Federal Funds for Flood Relief
Mississippi has received nearly $23 million in emergency relief funds from the U.S. Department of Transportation to repair federal roadways that were damaged by severe flooding. U.S. Sen. Cindy Hyde-Smith announced the five Federal Highway Administration awards on Thursday, according …
POSTED SEPTEMBER 28, 2020 7:23 AM |
Insurer Ping An Taps Rising Demand for Chinese Assets with Offshore Management Arm
Ping An Insurance (Group) Co., China’s largest insurer by market value, is tapping growing global demand for Chinese assets to expand its offshore asset management business as competition with foreign entrants intensifies. The overseas asset management arm aims to increase …
POSTED SEPTEMBER 28, 2020 7:20 AM |
Opinion: Missouri Appeals Court Ruling Shrinks Insurers’ Right to Intervene
The Western District of the Missouri Court of Appeals has again construed the effect of the 2017 amendments to Mo. Rev. Stat. § 537.065, which gave insurers a limited right to intervene and protect their interest when their insured enters …
POSTED SEPTEMBER 28, 2020 5:56 AM |
Texas Agency, A-MAX Auto, Expands in Houston Area
Dallas-based A-MAX Auto Insurance has opened two new locations opening in the Houston, Texas, area. With the two new locations — one in Houston and one in nearby Tomball, Texas, the company now has 193 offices statewide. A-MAX Auto Insurance …
POSTED SEPTEMBER 28, 2020 5:55 AM |
UK Insurer LV= Says Talks Continue with Number of Parties About Possible Merger
UK insurance company Liverpool Victoria said it remains in talks with a “number of parties” about a possible transaction after Sky News reported it was negotiating a merger with rival Royal London. The company known as LV= “confirms that as …
POSTED SEPTEMBER 28, 2020 5:53 AM |
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