Monthly Archives: <span>January 2016</span>

Firms Look at New Tools Designed to Foil Hackers as Firewalls Prove Inadequate

With firewalls no longer seen as enough of a defense against security breaches, companies are looking at new tools to foil hackers trying to enter a computer network. U.S. and Israeli startups are leading the way, with new approaches such …

Marsh Launches Global Excess Cyber Risk Facility Called ‘Cyber ECHO’

Marsh has launched “Cyber ECHO”, a global excess cyber risk facility that provides more reliable insurance coverage for organizations around the world. Following a series of high-profile cyber losses, underwriters have become more selective and may actually reduce the amount …

Generali Shares Drop on Greco’s Decision to Join Zurich as CEO

Assicurazioni Generali SpA dropped to the lowest since July 2013 after Chief Executive Officer Mario Greco said he was leaving the Italian insurer to head Zurich Insurance Group AG. Generali, which has yet to announce a replacement, closed 1.3 percent …

Insurance Placement Difficulties Delay Iranian Crude Exports to Europe

Efforts by Iran to start exporting oil to Europe are being held up as foreign tanker owners are still struggling to secure insurance for cargoes, leading shipping players said on Tuesday. A nuclear deal between world powers and Iran earlier …

Risk Point Launches RV Dealer Physical Damage & Garage Package

Risk Point LLC, a nationwide dealer open lot program for independent agents, has expanded its offerings to include physical damage and garage package coverage for franchise RV dealers. The Vehicle Inventory Program (VIP) provides dealer open lot physical damage insurance …

Safe Harbor Pollution Insurance Increases Marine Pollution Liability Capacity

Safe Harbor Pollution Insurance, a provider of vessel pollution liability insurance, has expanded its carrier partnerships to include Berkshire Hathaway Specialty Insurance Co. (BHSI) and Argonaut Insurance Co. Safe Harbor now has more than tripled its in-house capacity. BHSI and …

Special Purpose Captive Insurer Approved in Arkansas

Diamond Risk Insurance LLC, a wholly-owned subsidiary of Baptist Health, has been approved as a captive insurer by the Arkansas Insurance Department. Arkansas Insurance Commissioner Allen Kerr said Baptist Health is the first entity in Arkansas to create its own …

Centene Says Missing Hard Drives Hold Information on Nearly 1 Million

Centene Corp., a St. Louis, Mo.-based healthcare enterprise that provides products and services to government sponsored healthcare programs, announced an ongoing comprehensive internal search for six hard drives that are unaccounted for in its inventory of information technology (IT) assets. …

Method Insurance Services Adds Richt as Director

Method Insurance Services, a newly formed program administrator for property and casualty insurance located in Omaha, Neb., has hired Julie Richt as director, Sales and Distribution. Richt brings 12 years of insurance experience to the table. Richt has been a …

Study: More People Killed by Guns in Tennessee than Car Accidents in 2014

More people died from gunshots than car accidents in Tennessee during 2014. The Violence Policy Center, an organization dedicated to informing people about gun violence, has produced a study comparing gun and car deaths across the nation in 2014, the …