News

East

• New York Company to Pay $200K in Penalties for Safety Violations
• Global Risk Solutions Acquires Connecticut’s William Kramer & Associates
• The Central Insurance Companies Promotes Zollner to Northeast Regional VP

National

• Workers’ Compensation Rates Won’t Be Adjusted for Coronavirus Experience This Year
• Trump Signs Executive Orders to Lower Prescription Drug Prices
• Indivior to Pay $600M to Settle Claims of Deceptive Marketing of Opioid Treatment
• Tesla Invites Actuaries to Help It Create a ‘Revolutionary’ Insurance Company
• Chemical Firm BASF and Its Law Firm to Pay $72.5M to Close Talcum-Asbestos Claims
• Global Natural Catastrophe Losses During H1 Ranged from $68B to $75B: Munich Re, Aon
• Geico Sued for Alleged ‘Woefully Inadequate’ Coronavirus Auto Insurance Discount
• Everest Insurance Promotes Karmilowicz to President, CEO; Mulray to COO

International

• AXA XL Announces Leadership Team for UK & Lloyd’s Region
• Germany to Reform Regulation of Insurers, Banks, Payment Firms on Wirecard Scandal
• South Africa Retailer Steinhoff Offers $1B to Settle Global Accounting Fraud Lawsuits
• Third Wave of Severe Flooding Expected in China
• South African Insurer Santam to Pay Virus Relief to Clients with Biz Interruption Cover
• Global Natural Catastrophe Losses During H1 Ranged from $68B to $75B: Munich Re, Aon
• Facebook’s WhatsApp to Expand Indian Partnerships to Offer Pensions, Insurance