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Catastrophe Bond Prices Signal Coronavirus Nearing Pandemic Status
The World Health Organization says the coronavirus isn’t yet a global pandemic. Bonds that insure against just such a catastrophe say that it probably is. The bonds, sold in 2017 by the World Bank to raise money for poor countries …

POSTED FEBRUARY 28, 2020 7:59 AM
Former Neon Exec Conway Joins TigerRisk’s Bermuda Reinsurance, Retro Teams
TigerRisk Partners LLC, the Stamford, Conn.-based re/insurance broker, announced it has appointed Christopher Conway to a newly created senior role strategically positioned across both TigerRisk’s Reinsurance and Retro teams in Bermuda. Conway will report to Alex Bridges, partner and head …

POSTED FEBRUARY 28, 2020 7:30 AM
California Father And Son Charged With Auto Insurance Fraud
A father and son from California have been charged with felony counts of auto insurance fraud after allegedly falsifying an insurance claim in order to receive an undeserved payout from an insurance company. The charges were filed this week against …

POSTED FEBRUARY 28, 2020 6:00 AM
Arizona Court Rules Workers’ Comp OK for Cops’ High-Stress Situations
An Arizona court ruling stemming from a sheriff’s deputy’s encounter with a shotgun-wielding man says law enforcement officers can claim workers’ compensation benefits if diagnosed with PTSD or other mental conditions because of extraordinary high stressful incidents on the job. …

POSTED FEBRUARY 28, 2020 6:00 AM
Fired Arizona State University Associate Athletic Director Files $1.5M Claim
A former senior associate athletics director at Arizona State has filed a $1.5 million claim against the university over his firing last December. David Cohen said in his claim – which is the precursor to a lawsuit – that an …

POSTED FEBRUARY 28, 2020 6:00 AM
The Hagar Group, Bruening Insurance Agency Join Renaissance Alliance in Florida
Renaissance Alliance Insurance Services, a membership alliance for independent insurance agencies, has added two new independent insurance agencies to its Florida network. The new agencies include Bruening Insurance Agency of Weston, Fla., and The Hagar Group of Inverness, Fla. Bruening …

POSTED FEBRUARY 28, 2020 5:41 AM
Georgia to Receive $347M in Long-Awaited Hurricane Michael Relief
Georgia’s governor and agriculture commissioner on Wednesday announced that $347 million in federal disaster relief funding would soon be available to farmers, nearly a year and a half after Hurricane Michael caused billions of dollars in damage to southwest Georgia. …

POSTED FEBRUARY 28, 2020 5:24 AM
Nationwide, Generali Form Joint Venture N2G to Sell International Commercial Lines
Trieste, Italy meet Columbus, Ohio. Ciao! Hello! Two large insurers — Ohio’s Nationwide and Italy’s Generali — are teaming up to serve commercial insurance customers with global needs. The insurers announced they have formed a joint venture called N2G to …

POSTED FEBRUARY 28, 2020 1:44 AM
Cannabis Power Brokers Tackle Five Pressing Insurance Questions
The cannabis business is a frontier industry that continues to offer no shortage of unique challenges to regulators, as well as boundless questions for industry watchers and ancillary businesses like insurance. Key questions may include: What insurance coverage is most …

POSTED FEBRUARY 27, 2020 9:00 PM
AIG Taps Hancock from Lloyd’s as CEO of International General Insurance
American International Group Inc. announced that Jon Hancock has been appointed chief executive officer, International General Insurance. In this role, Hancock will lead the International operations of AIG’s General Insurance business. He will report to Peter Zaffino, president & global …

POSTED FEBRUARY 27, 2020 6:30 PM

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