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Today’s Insurance News
Source: Insurance Journal
  • Marginal Flood Risk Remains for North Carolina After Isaias
    At least eight people were killed as Tropical Storm Isaias battered the U.S. East Coast with rain and fierce winds after making landfall as a hurricane in North Carolina. Millions of people were without power on Wednesday after felled trees … Read more »
  • Tennessee Insurance Dept. Adds Clark as Director of Business Development
    The Tennessee Department of Commerce & Insurance (TDCI) has hired Joshua Clark joins TDCI as the new director of Business Development for the Insurance Division. As the director of Business Development for the Insurance Division, Clark will focus on expanding … Read more »
  • Morgan Stanley to Offer Coverage for High Net Worth Clients through Hub, Marsh, Willis
    Morgan Stanley has expanded its insurance offerings to include property & casualty insurance coverage for its high net worth clients through insurance brokers HUB International, Marsh Private Client Services, and Willis Towers Watson. The coverage will target risks associated with … Read more »
  • Ships Diverted to Tripoli to Keep Lebanon Supply Lines Running After Beirut Port BlastShips Diverted to Tripoli to Keep Lebanon Supply Lines Running After Beirut Port Blast
    Leading container lines are diverting ships to Lebanon’s smaller terminal of Tripoli after the devastating explosion at Beirut’s port that killed 145 people also paralyzed vital trade. Lebanon, which imports almost all it uses, relies on container ships to bring … Read more »
  • CNA Reports Q2 Profit Despite COVID-19, Weather, Civil Unrest LossesCNA Reports Q2 Profit Despite COVID-19, Weather, Civil Unrest Losses
    CNA Financial Corp. saw its 2020 second quarter net income sliced almost by half compared to the previous year due to “considerable catastrophe losses” from COVID-19, civil unrest and weather-related events. The Chicago-based commercial property/casualty insurer booked $151 million in … Read more »
  • American Family Renames Ameriprise Insurance as ConnectAmerican Family Renames Ameriprise Insurance as Connect
    American Family Insurance has renamed the Ameriprise Auto & Home business that it paid almost $1 billion for in a deal that closed last October. The new name is CONNECT, which is accompanied by the slogan: “Powered by American Family … Read more »
  • The Future of Insurance Industry Will Not Be Decided by Insurtechs AloneThe Future of Insurance Industry Will Not Be Decided by Insurtechs Alone
    Insurtech was once the Wild West of the insurance industry. Many of insurtech’s early players came from outside insurance after observing the industry struggle to deliver what was, in their view, a competitive customer experience. Led by ambitious entrepreneurs from … Read more »
  • Health Official: California COVID-19 Cases UnderreportedHealth Official: California COVID-19 Cases Underreported
    Figures showing California has slowed the rate of coronavirus infections may be in doubt because a technical problem has delayed reporting of test results, the state’s top health official said. For days, California hasn’t received full counts on the number … Read more »
  • Increasingly Popular Industrial Robots Are Vulnerable to Cyber Attacks, Report WarnsIncreasingly Popular Industrial Robots Are Vulnerable to Cyber Attacks, Report Warns
    Industrial robots are now being used to assemble everything from airplanes to smartphones, using human-like arms to mechanically repeat the same processes over and over, thousands of times a day with nanometric precision. But according to a new report entitled … Read more »
  • Texas Reports Nearly 9,200 New COVID Cases, 245 DeathsTexas Reports Nearly 9,200 New COVID Cases, 245 Deaths
    Texas health officials reported almost 9,200 confirmed new coronavius cases Tuesday as a convention center in the hard-hit Rio Grande Valley opened as a makeshift hospital for COVID-19 patients. The Department of State Health Services on Tuesday reported 245 confirmed … Read more »
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