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

Advocacy Groups Want Stronger Texting-Driving Ban in Oklahoma

Just six months after Oklahoma’s ban on texting and driving went into effect, advocacy groups are calling for even broader measures to curb distracted driving. Oklahoma was among the last states to pass a texting and driving moratorium when the …

Everest Re Names Berry as Head of International Property Facultative Unit

Everest Re Group Ltd. has appointed Sean Berry as vice president and head of the Reinsurance Division’s International Property Facultative unit. Based in Everest Re’s Miami office, Berry will be responsible for worldwide property facultative underwriting, excluding business written out …

Disaster Fraud Rampant After Floods, Hurricanes

This year, extensive flooding has already affected parts of Texas and Louisiana. With more rain producing floods in the forecast for the southern part of the U.S. this spring, the likelihood of disaster fraud increases. Disaster-related fraud affects auto, homeowners …

Labor Unions Searching for Strategies to Join the Gig Economy

The International Association of Machinists and Aerospace Workers trumpeted an agreement reached earlier this month to represent New York Uber drivers, saying it “gives organized labor an opportunity to shape the new economy in a way that supports and values …

Beazley Expands Environmental Team in U.S. with XL Catlin, AIG, Ironshore Hires

Specialist insurer Beazley has made several senior hires to expand its environmental liability insurance team in the U.S. The Beazley environmental team now has 20 associates across the U.S., with local underwriting and claims contacts in every region. Chris Biddle, …

China’s Ping An Joins Global Blockchain Consortium, Led by Fintech Firm R3

China’s second-biggest insurance company, Ping An Group, has become the first Chinese member of a global consortium led by fintech firm R3 which is working on ways blockchain technology can be used in financial markets, the companies said on Tuesday. …

Vermont Firefighters to Receive New Solar Panel Training

At the Vermont Fire Academy in Pittsford, Vermont, fire safety instructors are getting some training to deal with a new challenge — battling blazes on rooftops adorned with solar panels. A workshop at the academy last week focused on the …

Berkshire Hathaway GUARD Adds 2 Field Representatives in Northeast

Berkshire Hathaway GUARD Insurance Companies in Wilkes-Barre, Pennsylvania, has hired Sue Bonkowski and Mike Lawless as senior field representatives.

Insurers Rethinking $17.7 Billion Invested in Hedge Funds

Insurers have had about enough of hedge funds. Stung by market-trailing returns, the insurance industry in the U.S. is reversing course after more than doubling its hedge fund allocation over five years, to $17.7 billion as of Dec. 31, according …

Chubb Focuses on Continental European SMEs with ‘Easy Solutions’ Proposition

Chubb has launched Chubb Easy Solutions, its proposition for brokers and their small and medium sized clients in Europe. Backed up by a dedicated underwriting team, Chubb Easy Solutions provides cover through a simplified underwriting process, enabling brokers to obtain …