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

Photographer Sues B.B. King’s Estate for Copyright Infringement

A New York photographer is suing B.B. King’s estate and Universal Music Group for copyright infringement after he says his pictures of the blues legend have been used on King’s albums for more than 40 years without his permission. Glen …

21st Century Fox Quietly Settles Unpaid Intern Litigation

Two 21st Century Fox Inc. units have settled class-action litigation by former interns who said they should have been paid for their work, in a case that sparked multimillion-dollar settlements with interns at other big media companies. According to papers …

Europe Insurers’ Stress Tests Could Lead to Higher Capital Requirements

European insurers, whose profits are being eroded by Mario Draghi’s* quantitative easing program, face a stress test headache that risks requiring them to set aside more capital, further hurting their ability to make money. The timing of the regulator’s “stress …

Tokio Marine Kiln Completes Integration by Restructuring Underwriting Divisions

Tokio Marine Kiln (TMK) has completed the final stage of its integration by restructuring its underwriting divisions along sector lines. The new structure will offer clients access to both Lloyd’s and company paper with underwriting divisions now capable of writing …

BHSI Launches Insurance Products for Directors & Officers in Asia

Berkshire Hathaway Specialty Insurance Co. (BHSI) is expanding its executive & professional lines capabilities in Asia with the introduction of Executive First™ Public Offering of Securities Insurance (POSI) and Executive First™ Side A Difference in Conditions (DIC) liability insurance. “We …

Storms & Earthquakes Drive Up Insured Losses in 1H 2016: Munich Re

Economic losses caused by natural catastrophes in the first half of 2016 totaled US$70 billion, a significant increase from the $59 billion reported for the first half of last year, according to a loss review issued by Munich Re. While …

Worldwide Facilities Hires Matt Donovan as AVP at Dallas Office

Dallas, TX, July 13, 2016 – Worldwide Facilities is pleased to announce that Matt Donovan, RPLU, has joined its team as Assistant Vice President in the Dallas, Texas office. Prior to joining Worldwide Facilities, Donovan served as National Underwriting and …

Insurers, Banks & Pension Funds ‘Must Address’ Climate Risk Exposures

The world’s insurers, banks and pension funds are “inherently susceptible” to threats from climate change and must make adjustments, from shifting investment toward environmentally friendly industries to revamping strategies to reduce risk, said the Global Risk Institute. “Climate change is …

Chubb Estimates Q2 Cat Losses to Rise 54% from Q1 2016

Property and casualty insurer Chubb Ltd. estimated natural catastrophe losses for the second quarter to be about 54 percent higher than the first quarter, indicating another quarter of high losses due to natural disasters for insurers. Multiple weather events in …

Jaguar Land Rover to Test Fleet of Autonomous Cars in England by 2020

Britain’s biggest carmaker Jaguar Land Rover said it will create a fleet of more than 100 research vehicles over the next four years to test autonomous and connected technology, with the first models to hit the streets later this year. …