News Center
News – Insurance Journal
Swiss Insurers Oppose Tighter Immigration Rules, Says Swiss Re CEO in News Report
Switzerland’s insurance industry is against tightening the country’s immigration rules, a move that will be put to voters this year, Swiss Re Chief Executive Christian Mumenthaler told Handelszeitung newspaper. Mumenthaler is the latest business figure to lobby against the proposals, …
POSTED JULY 16, 2020 9:15 AM |
Suspension of Florida Lawyer Accused of Causing ‘Great Public Harm’ Justified: Judge
A Florida judge has recommended the Florida Supreme Court deny the motion to dissolve the suspension of a Florida attorney who, with his firm, has filed thousands of assignment of benefit and first party lawsuits against Florida property insurers over …
POSTED JULY 16, 2020 8:50 AM |
S. African Regulator Says Business Interruption Virus Claims Don’t Pose Systemic Risk
South Africa’s Prudential Authority expects that business-interruption claims linked to the Covid-19 pandemic poses little systemic risk to the insurance industry. The regulator is in talks with the country’s Financial Sector Conduct Authority and insurance companies on claims from policyholders …
POSTED JULY 16, 2020 7:12 AM |
Reinsurance Capital Dips 6%, Tightening of Capacity Accelerates: Aon
Global reinsurance capital fell 6% to $590 billion for the first quarter of 2020, Aon reported in its June/July Reinsurance Market Outlook report. The report, which also looks at changes in reinsurance demand levels, hot-button reinsurance wording themes and primary …
POSTED JULY 16, 2020 6:53 AM |
North Carolina Supreme Court Blocks Order Allowing Bowling Alleys to Reopen
North Carolina’s highest court has temporarily blocked a judge’s ruling that allowed dozens of North Carolina’s bowling alleys to reopen by overturning a portion of Gov. Roy Cooper’s COVID-19 executive order keeping them closed. On Tuesday, the state Supreme Court …
POSTED JULY 16, 2020 6:16 AM |
Viewpoint: Changing How We Recruit — The Future of Insurance Post COVID-19
Typically each spring, a crop of fresh college graduates enters the workforce, making the critical first steps to determine personal and professional paths. Today, the job landscape differs greatly from what it was even a year ago, and not just …
POSTED JULY 16, 2020 5:39 AM |
Insurance Agency and Brokerage M&A Trends to Watch Amid the COVID-19 Pandemic
The COVID-19 pandemic has created challenges for many businesses across the globe, including the insurance industry. But so far, the insurance broker merger and acquisition (M&A) market has remained active even as the pandemic continues to unfold. Before the pandemic, …
POSTED JULY 16, 2020 5:28 AM |
Warning of ‘Trivial’ Suits, Judge Dismisses Cruise Passengers’ COVID-19 Claims
A federal judge dismissed lawsuits by Grand Princess cruise ship passengers who sued for emotional distress caused by their fear of exposure to COVID-19, saying that allowing their cases to proceed would “lead to a flood of trivial suits.” Judge …
POSTED JULY 16, 2020 5:00 AM |
The Class of 2020: Capital Raising for Existing Firms or Insurance Startups?
Even though accelerating hard market conditions may seem ideal for a growing crop of professionals with designs on starting up insurance and reinsurance companies, garnering AM Best ratings still won’t be easy for newbies. Capital is coming into the industry …
POSTED JULY 16, 2020 5:00 AM |
High-Tide ‘Nuisance’ Flooding to Continue to Grow and Plague U.S. Communities: NOAA
Coastal communities in the U.S. continued to see record-setting high-tide flooding last year, forcing their residents and visitors to deal with flooded shorelines, streets and basements — a trend that is expected to continue into 2021. The elevated water levels …
POSTED JULY 16, 2020 5:00 AM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Bencivenga Insurance Agency confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|