Tokio Marine News

Japanese Insurer Tokio Marine Says Greensill Obtained Policies Fraudulently

Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said on Monday, adding it did not plan to pay out on the policies and would “vigorously defend” itself against any legal claims. Greensill’s supply chain …

6th Circuit Issues Third Opinion Rejecting COVID-19 Business-Interruption Claim

The 6th Circuit Court of Appeals on Friday affirmed the dismissal of another lawsuit seeking coverage for COVID-19 business-interruption losses, this one filed jointly by 16 private pre-schools in Ohio. It was the third ruling by the 6th Circuit in …

Credit Suisse Preparing Further Insurance Claims for Greensill-Linked Funds

ZURICH — A first insurance claim has been filed and more are being prepared in Credit Suisse’s efforts to recover funds from its insolvent supply chain finance linked to Greensill, the Swiss bank said on Tuesday. The collapse of Credit …

Greensill Insurance Mystery Turns Up the Heat on Credit Suisse

Credit Suisse told investors the debt in its $7.3 billion finance fund was low risk because it was insured but the bank failed to ensure the policies would pay out, two sources told Reuters. When Japan’s Tokio Marine, the company …

Claims Business: RecovX Health, Tokio Marine and CrowdStrike, Ford and Verisk

ReCovX Health Launches Injury Claim Filing Tool RecovX Health, an insurtech based in Sarasota, Fla., has launched a product that allows injured people to file third-party liability accident claims with insurance companies. RecovX founder and owner Lee E. Fogle said …

Business News: Frankenmuth, Next, Tokio Marine, Chubb

Frankenmuth Insurance Introduces Photo-Based Estimating Frankenmuth Insurance’s Michigan policyholders will now be able to take photos of vehicle damage and submit them for estimate creation, without the need for a physical inspection or shop appointment. The new service allows the …

People News: Tokio Marine, Everest Re, Zurich

Tokio Marine HCC Names Skarinka COO for Professional Lines and Public Risk Groups Tokio Marine HCC appointed Christopher R. Skarinka chief operating officer for its Professional Lines and Public Risk Groups, which specialize in small accounts errors & omissions coverage …

People News: Coverys, FM Global, Tokio Marine

Sheps Promoted to VP of Claims at Coverys Coverys, a provider of medical professional liability insurance, announced the appointment of Stephanie Sheps to vice president of Claims. Sheps inherits the position from Barbara Staples who recently retired from the organization …

Business News: Tokio Marine, SAS and iCAS, GenNx360

Tokio Marine Streamlines Cargo,Product Contamination Coverage Tokio Marine America and Tokio Marine HCC, two subsidiaries of Tokio Marine Holdings, are offering food and beverage importers simplified access to Cargo and Product Contamination coverage. This partnership will offer broader choices and …