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May 7, 2021AIG Reports Strong First Quarter
American International Group (AIG) reported strong underwriting and investment results in in its General Insurance and its Life and Retirement divisions, despite catastrophe losses from winter storms and Covid-19 mortality claims. For the first quart …


May 7, 2021Aon Forms EMEA Advisory Board to Grow M&A Practice
Aon announced the formation of its EMEA M&A and Transaction Solutions Advisory Board to support the growth of its Mergers & Acquisition insurance practice across the United Kingdom and Europe, the Middle East and Africa The broker is also exp …


May 7, 2021China Insurtech Waterdrop Raises $360M in New York IPO: Reuters
Chinese online insurance technology firm Waterdrop Inc. has raised $360 million by pricing its shares at $12 a piece in its New York initial public offering (IPO), according to two sources with direct knowledge of the matter. The company, which …


May 7, 2021Pfizer-BioNTech Seek FDA Full Approval for Authorized COVID-19 Vaccine
Pfizer Inc. and German partner BioNTech SA said on Friday they have started an application process with the U.S. Food and Drug Administration for full approval of their COVID-19 vaccine, currently only authorized for emergency use. If approved, the v …


May 7, 2021Amwins, Loadsure to Offer Per-Load Cargo Insurance to Freight Industry
Loadsure has formed a partnership with managing general agency Amwins Specialty Logistics Underwriters (ASLU) to offer pay-as-you-go, all-risk smart coverage that includes automated claims on a digital platform. Loadsure’s offering for the U.S. freig …


May 7, 2021Positive Physicians Insurance Co. Expands Med Mal Coverage into Florida, Georgia
Positive Physicians Insurance Co. has been approved by the Florida and Georgia departments of insurance to offer medical malpractice insurance within their respective states. The company obtained admitted status in Florida in February and Georgia in …


May 7, 2021Officials: 15 Cows Killed by Lightning Strike in Alabama
Fifteen cows were killed when lightning struck a family farm in Alabama as severe weather moved through the area, according to an emergency management director. The cattle were struck Monday night at the farm in Macon County, news outlets quoted …


May 7, 2021U.S. Court Allows Movie Chain’s COVID Business Interruption Suit Against FM Global
A federal judge in Sherman, Texas on Wednesday ruled against insurer FM Global that sought to dismiss a $500 million COVID-19 business-interruption lawsuit by the nation’s third-largest chain of movie theaters. The decision broke a month’s-long losin …


May 7, 2021London Court Will Reconsider $6.9B Suit Against BHP Over 2015 Brazil Dam Collapse
LONDON – London’s Court of Appeal will hear a request to revive a 5 billion pound ($6.95 billion) lawsuit against Anglo-Australian mining group BHP over a 2015 dam failure in Brazil, a court order showed. Judge Nicholas Underhill has agreed …


May 7, 2021CDC Issues Guidelines for Trial Cruises With Volunteer Passengers
Cruise lines can soon begin trial voyages in U.S. waters with volunteer passengers helping test whether the ships can sail safely during a pandemic. The Centers for Disease Control and Prevention gave ship operators final technical guidelines Wednesd …

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