A federal judge has approved $53.8 million in settlements for 82 unionized cleanup workers who claimed they were made ill by exposure to toxic dust near the World Trade Center site, court papers showed. The workers were among roughly 1,000 …
Philadelphia Insurance Companies, a Bala Cynwyd, Pennsylvania-based commercial property/casualty and professional liability insurer for niche markets, announced its acquisition of all outstanding shares of The Allen J. Flood Companies (AJF), a managing general agent for the group accident and health …
Directors and officers need to be certain of their responsibilities relating to the prevention or management of a cyber event, or else they run the risk of being held personally liable should an attack against their firm occur, according to …
Risk managers purchasing cyber insurance cite reputational harm, business interruption and data breach response and notification costs as the chief exposures they are trying to address. The Risk Management Society (RIMS) recently conducted its first cyber survey. The survey featured …
“You would think the first question to ask would be: Do insured parties understand the elements and limitations of coverage?” said Kevin Kalinich, speaking on cyber risk. “The real first question is: Do the insurance companies understand?” Kalinich, global practice …
In his address to the MMC Young Professionals Global Forum 2015 Stephen Catlin, Executive deputy chairman of XL Group, urged young insurance professionals to demonstrate “courage, determination and conviction” in shaping the industry’s future. Catlin stressed the importance of creating …
Families of victims of the Germanwings plane crash gathered in Paris to meet with investigators, amid lingering questions about why the co-pilot destroyed the plane and how families may be compensated for their loss. The meeting on Thursday came in …
The Insurance Industry Charitable Foundation (IICF), a U.S.-based nonprofit organization funded by the insurance industry, has expanded its operations to the United Kingdom with the launch of its first international division. IICF’s newly formed London Division will join the collective …
Specialist engineering and construction insurer HSB Engineering Insurance (HSB), part of Munich Re, has appointed Andy Wright as chief operating officer. Wright will be leading HSB’s operational strategy with primary focus on the delivery of exceptional customer service, IT business …
AEGIS London has named David Croom-Johnson as its new managing director. The firm has also announced a series of promotions within its senior management team. Croom-Johnson, Syndicate 1225’s active underwriter since 2007, takes over the managing director role with immediate …
