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Upton Group | March 23, 2020
The Upton Group, a national insurance agency specializing in food delivery insurance, has called for the federal government to create an insurance program for the food industry, as the COVID-19 pandemic continues to pose a major economic risk for all businesses. A release from the agency explained that the standard business owner’s policy provides for loss of income, including actions by a civil authority. But such policies usually require physical damage at the premise, or off premise, to...
CAC Specialty | March 20, 2020
CAC Specialty has entered into a strategic partnership with funds managed by affiliates of Fortress Investment Group. The strategic relationship allows CAC Specialty to help with the capital needs of its clients with their acquisitions, recapitalizations, growth capital and other financing transactions. Fortress is ready to offer short-term financing for CAC clients experiencing liquidity pressure due to both the direct and indirect impact of the COVID-19 pandemic. “During this challenging...
Insurance Technology
Xceedance | December 01, 2020
Xceedance, a global supplier of strategic insurance consulting and technology servicing insurance associations around the world, today reported the extension of its global Actuarial and Analytics Services practice, driven by Matthew Duke, SVP and chief statistician. “Matthew looks at actuarial services from a business perspective first,” said Manish Khetan, COO of North America operations at Xceedance. “His approach to maximizing the value of the insurance actuar...
insurance business america | April 08, 2020
The COVID-19 outbreak has left millions of Americans out of work – and potential targets for cyber criminals, according to CyberScout, a provider of identity-theft resolution, data defence and employee benefits services. The Federal Trade Commission has issued a consumer scam warning about “stimulus scammers” who con consumers into paying fees to receive a check from the federal stimulus package, CyberScout said. “The fear is COVID-19 and financial uncertainty in the econ...
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