In June this year a robot crushed a man to death in a Volkswagen factory in Germany. The 22-year-old maintenance worker became trapped between a large robotic arm and a metal plate, in an area usually off-bounds to humans. The …
A U.S. appeals court said the Federal Trade Commission has authority to regulate corporate cyber security, and may pursue a lawsuit accusing hotel operator Wyndham Worldwide Corp. of failing to properly safeguard consumers’ information. The 3-0 decision by the 3rd …
ANV Underwriters, the international managing general underwriter (MGU) segment of global specialty insurance group ANV, has appointed Christina Lippert as professional lines underwriting manager for Europe. Based in Barcelona, Lippert is responsible for growing the professional lines portfolio across Europe …
Willis Group Holdings has appointed Toby Wemyss as global head of placement, effective immediately. He succeeds David Martin, who will be leaving the company. In this role, Wemyss will drive the continuing development of Willis’ global placement strategy, leading the …
The reinsurance market showed signs of decelerating rate declines in its most recent June/July 2015 renewals, indicating that pricing could be approaching a new equilibrium, says Fitch Ratings in a new global sector report. Reinsurance pricing has experienced downward pressures …
Typhoon Goni made landfall on Japan’s southernmost main island of Kyushu, causing injuries and prompting evacuation orders. Cancellations of airline and train service affected thousands of people. Goni, which had been the strength of a category 3 hurricane, came ashore …
Officials in Huntington, W. Va., are scrambling to deal with an increase in sinkholes across the city. Heavy rainfall and aging infrastructure have contributed to the increase, and the city lacks resources to do more than deal with sinkholes as …
Vienna Insurance Group AG, eastern Europe’s biggest insurer, said profit in the second quarter declined 8.6 percent as low interest rates in the region pushed down returns on its investments. Net income in the three months to June dropped to …
Zurich Insurance Group AG, Switzerland’s largest insurer, proposed to buy the UK’s RSA Insurance Group plc for about 5.6 billion pounds ($8.8 billion). RSA is willing to recommend the possible offer of 550 pence a share to its shareholders provided …
George Rogers has been promoted to senior vice president at GEICO. Rogers’ new responsibilities include oversight for GEICO’s southeast and Midwest operations in addition to his current duties as vice president of GEICO’s regional operations in Lakeland, Fla. Rogers joined …
