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Q4 Earnings Briefs: State Auto, National General, Donegal, Safety, Protective
State Auto Financial State Auto Financial Corp. (STFC) reported fourth-quarter net income of $32.7 million, after reporting a loss in the same period a year earlier. The Columbus, Ohio-based company said it had net income of 72 cents per share. …

POSTED FEBRUARY 28, 2020 2:26 PM
Opioid Firms Warn Lawyers’ Bid for 7% Fee Jeopardizes Settlement
Johnson & Johnson and other drug companies facing thousands of lawsuits over their role in the opioid epidemic have warned that settlement talks will be “severely” jeopardized if plaintiffs’ lawyers are allowed to assess a fee payment worth billions of …

POSTED FEBRUARY 28, 2020 2:15 PM
The Hilb Group Acquires Assets of Rhode Island’s D.F. Dwyer & Associates
The Hilb Group LLC (THG) has acquired certain assets of Rhode Island-based D. F. Dwyer & Associates LLC (DFD). The transaction became effective February 1, 2020. Based in Newport, R.I., DFD provides a full range of property and casualty insurance …

POSTED FEBRUARY 28, 2020 1:47 PM
New York Governor Wants $40M to Respond to Coronavirus
New York’s governor says he will ask state lawmakers in coming days to approve $40 million to help state health officials respond to the deadly coronavirus outbreak. Governor Andrew Cuomo, a Democrat, told reporters Wednesday that the funding will help …

POSTED FEBRUARY 28, 2020 1:45 PM
Reckless Drivers Could Lose Vehicles Under New NYC Law
New York City drivers who get five camera-issued red light tickets or 15 camera-issued speeding tickets in a 12-month period will have to take a traffic safety course or risk losing their vehicles under a bill signed by Mayor Bill …

POSTED FEBRUARY 28, 2020 1:40 PM
Global Insurers Face Hefty Claims if Coronavirus Forces Olympics Cancellation
Global insurers face a hefty bill if the coronavirus forces the cancellation of the Summer Olympics in Tokyo, with estimates of the cost of insuring the sporting showpiece running into billions of dollars. Japan has more than 200 cases of …

POSTED FEBRUARY 28, 2020 1:19 PM
UK Threatens to Walk Away from EU Trade Talks if Quick Progress Isn’t Made
Britain published its opening demands for trade talks with the European Union on Thursday, delivering a blunt threat to walk away from the table if there is no progress within four months. The two sides appear headed for a rocky …

POSTED FEBRUARY 28, 2020 11:53 AM
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

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