Insurance Blog

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Convex Group given A- financial strength ratings from S&P

POSTED: Wed, 11 Dec 2019 17:37:00

Operating entities of the Convex Group, which was formed by former Catlin Group Ltd. executives, have received “A-’’ financial strength ratings from Standard & Poor’s Global Ratings Inc., the rating agency said Wednesday.... Read Article

Silent night, perilous night; not really, says insurer

POSTED: Wed, 11 Dec 2019 13:50:00

Those wanting Santa to visit their home this Christmas may hope he doesn’t appear inside with any of his reindeer. ... Read Article

Injury sustained during work bowling outing compensable

POSTED: Wed, 11 Dec 2019 13:43:00

An ankle injury sustained by an employee during a company bowling event is compensable, an appellate court held on Tuesday.... Read Article

Axa XL to offer cyber coverage to Microsoft customers

POSTED: Wed, 11 Dec 2019 13:42:00

Axa XL, a unit of Axa SA, said Wednesday it is embarking on a cyber insurance collaboration with Slice Labs Inc., a New York-based on-demand insurance cloud platform provider, and Microsoft Corp.... Read Article

Allianz, Chubb settle with Treasury over Cuba-related cover

POSTED: Wed, 11 Dec 2019 13:33:00

The U.S. Department of the Treasury’s Office of Foreign Assets Control said it has reached settlements of $170,535 with Allianz Global Risks U.S. Insurance Co. and of $66,212 with Chubb Ltd. for violations of Cuban Assets Control Regulations, the Treasury said in... Read Article

Travelers must pay $5.3 million in wrongful conviction lawsuit

POSTED: Wed, 11 Dec 2019 13:22:00

Travelers Cos. Inc. units are obligated to pay $5.3 million to a man who was wrongfully convicted of murder even though their coverage was not in effect at the time of his arrest and conviction, a Missouri state appeals court ruled.... Read Article

Sedgwick Institute releases book on future of comp

POSTED: Wed, 11 Dec 2019 12:57:00

Sedgwick Institute, the research arm of Sedgwick Claims Management Services Inc., has released a book covering the future of workers compensation.... Read Article

Hartford names head of international insurance

POSTED: Wed, 11 Dec 2019 12:47:00

Hartford Financial Services Group Inc. has named Sean Genden head of international insurance, effective Dec. 16, 2019, the insurer said in a statement Wednesday.... Read Article

Inga Beale to join board of Clyde & Co

POSTED: Wed, 11 Dec 2019 12:46:00

Law firm Clyde & Co has named former Lloyd’s of London CEO Inga Beale as an independent board member, the equivalent of nonexecutive director, to its management board.... Read Article

Tennessee approves 7.1% drop in comp premium rates

POSTED: Wed, 11 Dec 2019 11:33:00

Tennessee’s workers compensation premium rates will decline for the seventh year in a row, the Tennessee Department of Insurance announced Tuesday.... Read Article

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