State Insurance Commissioner Tapped To Lead Auto Insurer

Maryland Insurance Commissioner Al Redmer Jr. was appointed Friday as the executive director of the Maryland Auto Insurance Fund. “We are pleased and excited to welcome Commissioner Redmer to lead Maryland Auto into the future,” MAIF board Chairman Robert L. McKinney said. Redmer will join the state’s insurer of […]

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Penn National Insurance Donates $50,000 Toward COVID-19 Relief, Allocates Funds to Relief in Field Office Regions

Penn National Insurance donated $50,000 to the United Way of the Capital Region (Harrisburg, Pa., area) COVID-19 Relief fund, and allocated additional contribution funds to management of the company’s field offices, which were directed to the following organizations: Hunger Relief Fund of Wisconsin Greensboro Urban Ministry (food, clothing, shelter) […]

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Unemployment insurance benefit payments surpass $1 billion in N.C.

North Carolina has topped the $1 billion mark in paid state and federal unemployment insurance benefits, the N.C. Division of Employment Security said Friday. Meanwhile, the state is fast approaching having 1 million UI claimants as the second round of federal benefits has been active for a full week. […]

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Business Insurance names 2020 Break Out Award winners

Business Insurance on Friday announced the 40 winners of its 2020 Break Out Awards. The awards program recognizes the next generation of insurance industry leaders. Nominations are open to anyone working in the commercial insurance and risk management sector who has no more than 15 years’ experience in the […]

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FUKOKU MUTUAL LIFE INSURANCE Co Buys Merck Inc, Chevron Corp, Truist Financial Corp, Sells Boeing Co, Microsoft Corp, Vanguard Russell 2000 Index Fund

Tokyo, M0, based Investment company FUKOKU MUTUAL LIFE INSURANCE Co ( Current Portfolio ) buys Merck Inc, Chevron Corp, Truist Financial Corp, Micron Technology Inc, Lululemon Athletica Inc, sells Boeing Co, Microsoft Corp, Vanguard Russell 2000 Index Fund, Walmart Inc, The Estee Lauder Inc during the 3-months ended 2020Q1, […]

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LV offers car insurance refunds of up to £50 – but only to those hit hardest by coronavirus

Insurer LV is giving its customers with car and motorbike policies the chance to claim a refund of between £20 and £50. But unlike Admiral’s recent flat-rate refund to customers, you’ll only be eligible for money back from LV if you’ve been financially affected by coronavirus in specific ways. […]

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How have insurance companies faced COVID-19?

Amid the COVID-19 pandemic and with social distancing protocols in place, businesses have had to move their employees to work from home while continuing to provide clients with key services. In line with this, employers are faced with the challenge of managing remote working teams. Insurance Business wants to […]

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Southborough insurance company refunds $90K to bars and restaurants from liquor policies

A site seen only during the coronavirus pandemic: downtown Worcester’s Pleasant Street site is virtually empty during afternoon rush hour. Southborough-based Hospitality Insurance Group has processed nearly $90,000 worth of refunds for liquor liability policyholders whose policies expired between March 16 and May 4, the company announced in a […]

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Pandemic Shows Why Medicaid, a Health Insurance Program for the Poor, Is So Valuable to Rural Colorado, Say Experts

Earlier this year, just before the coronavirus pandemic, the Trump administration launched a program allowing states opt out of traditional Medicaid, the state-federal health insurance program for low-income people, and instead receive a block grant from the federal government. Trump’s block grant program, widely seen as a back-door way […]

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