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News – Insurance Journal
Florida Governor Issues Stay at Home Order; Insurance Deemed Essential Business
Florida Governor Ron DeSantis issued a statewide executive order Wednesday requiring all citizens in the state to stay at home except for those doing essential business or activities. The move comes as the state has more than 8,000 cases of …
POSTED APRIL 02, 2020 4:58 PM |
Toilet Paper-Hauling Truck Catches Fire on Texas Interstate
A tractor-trailer hauling toilet paper crashed and caught fire near Dallas early Wednesday, spilling the hot commodity all over an interstate. The fire shut down westbound lanes of Interstate 20 near Interstate 45 in Hutchins, the Texas Department of Transportation …
POSTED APRIL 02, 2020 4:07 PM |
‘I Heard the Roar’: Idaho Hit with 6.5 Magnitude Earthquake
An earthquake struck north of Boise, Idaho, on Tuesday evening, with people across a large area reporting shaking. The U.S. Geological Survey reports the magnitude 6.5 temblor struck just before 6 p.m. It was centered 73 miles northeast of Meridian, …
POSTED APRIL 02, 2020 4:06 PM |
New Orleans Officials, Developer Clash over Demolition of Collapsed Hotel
Plans to demolish the Hard Rock Hotel in New Orleans, which partially collapsed in October, remain in limbo as the city and developers disagree over how to safely bring down the structure. Among other things, the demolition plan is hampered …
POSTED APRIL 02, 2020 4:04 PM |
Horace Mann Taps Desrochers to Lead Property/Casualty Business
Horace Mann Educators Corp. has appointed Senior Vice President and Chief Corporate Actuary Mark Desrochers as head of the company’s property/casualty insurance business on an acting basis. Desrochers will take over from William Caldwell, who has resigned from his role …
POSTED APRIL 02, 2020 3:59 PM |
Reuters: Banks Cite Liability Risks, May Not Participate in Coronavirus Lending Plan
Thousands of U.S. banks, including some of the country’s largest lenders, have said they may not participate in the federal government’s small-business rescue program due to concerns about taking on too much legal and financial risk, five people with direct …
POSTED APRIL 02, 2020 3:20 PM |
How Social Inflation May Affect Coronavirus Business Interruption Losses
COVID-19 could produce a big increase in social inflation, according to A.M. Best. The reason: expectations that businesses will sue their insurers in an attempt to access their business interruption coverage for losses relating to the coronavirus pandemic. A.M. Best …
POSTED APRIL 02, 2020 3:12 PM |
Life-or-Death Decisions by Hospitals, Doctors Come With Threat of Lawsuits
Doctors and hospitals overwhelmed in the pandemic will have to make their excruciating life-or-death decisions meticulously or they risk being second-guessed by a jury when the onslaught is over. Lawyers who defend health care providers are already giving advice on …
POSTED APRIL 02, 2020 12:40 PM |
Mass. Division of Insurance Approves 6.8% Reduction in Workers’ Comp Rates
The Massachusetts Division of Insurance has approved a 6.8% reduction in the existing overall average workers’ compensation insurance rates for policies effective on and after July 1, 2020. The rate decrease was the result of a compromise reached by the …
POSTED APRIL 02, 2020 12:20 PM |
Everest Re Group Hires Lodge as Chief Financial Officer of Everest Insurance
Everest Re Group Ltd. has hired Dana Lodge as chief financial officer of Everest Insurance, reporting to Everest Insurance President and CEO Jonathan Zaffino as well as Everest Group CFO Craig Howie. Lodge will be based at the company’s U.S. …
POSTED APRIL 02, 2020 12:17 PM |
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