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News – Insurance Journal
French Insurer AXA Plans to Cut Dividend by 50% on COVID-19 Impact
French insurer AXA plans to cut its dividend to 0.73 euros per share from a planned payout of 1.43 euros, the firm said on Wednesday, in order to preserve cash amid the coronavirus pandemic. AXA added that it could consider …
POSTED JUNE 03, 2020 9:05 AM |
Hundreds of Grounded Airplanes at Risk of Damage from Asia’s Tropical Storm Season
Airlines, airports and insurers across Asia are bracing for the prospect of unusually high damage as the region’s tropical storm season begins, as hundreds of aircraft grounded by the coronavirus pandemic can’t be moved easily. Major airports in storm-vulnerable regions …
POSTED JUNE 03, 2020 8:21 AM |
How Florida’s Strained Insurance Market is Facing COVID-19, Hurricane Season
From the threat of insurer ratings downgrades to mounting carrier losses because of excessive litigation to increasing insurance rates, Florida’s insurance market got off to a rocky start in 2020. Then came the COVID-19 global pandemic, causing further stress to …
POSTED JUNE 03, 2020 7:08 AM |
Woosley Named Sr. VP, Broker Management & Sales Operations at QBE NA
QBE North America has appointed Thaddeus Woosley as senior vice president, Broker Management & Sales Operations. He is based in Chicago. Woosley most recently served as vice president, strategic advisor, Specialty & Commercial, at QBE North America. He has 15 …
POSTED JUNE 03, 2020 5:15 AM |
Insurance Survey Asks: How Is Pandemic Affecting Your Life, Your Work, Your Industry?
How is the coronavirus pandemic affecting your life and your work? Now and going forward? No matter where you work in the P/C insurance industry, your experience is important. Learn how your experience compares with that of your industry peers …
POSTED JUNE 03, 2020 5:08 AM |
Family of Man Killed in Kansas Police Beanbag Shooting to Get $3.5M
Kansas officials will pay $3.5 million to the family of a man who was killed in 2017 with a homemade beanbag round fired by a Barber County undersheriff at close range. An attorney for the family said in a written …
POSTED JUNE 03, 2020 5:03 AM |
Riots in Wake of Floyd’s Death Could Become Most Costly Civil Disorder for Insurers
Rioting that erupted in cities across the country after peaceful protests mourning the death of George Floyd in Minneapolis may rival the 1992 Los Angeles riots to become the most costly civil disorder for insurers in United States history. The …
POSTED JUNE 03, 2020 5:00 AM |
Carlyle, T&D Holdings Complete Acquisition of 76% Interest in Fortitude Group From AIG
Global investment firm The Carlyle Group and T&D Holdings announced have completed their acquisition of a 76.6% interest in Fortitude Group Holdings, whose group companies include Fortitude Re, from insurer American International Group. The transaction, which was first announced in …
POSTED JUNE 03, 2020 5:00 AM |
Basketball Players Lose Copyright Infringement Bid Over ‘Fortnite’ Dance
A federal judge has dismissed a lawsuit in which two former University of Maryland men’s basketball players accused makers of the “Fortnite” video game of misappropriating a dance move that the ex-teammates popularized. U.S. District Judge Paul Grimm in Maryland …
POSTED JUNE 03, 2020 5:00 AM |
$5 Billion Lawsuit Accuses Google of Tracking Users’ Private Internet Activity
Google was sued on Tuesday in a proposed class action accusing the internet search company of illegally invading the privacy of millions of users by pervasively tracking their internet use through browsers set in “private” mode. The lawsuit seeks at …
POSTED JUNE 03, 2020 5:00 AM |
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