Monthly Archives: <span>February 2017</span>

Chubb Expands Global Cyber Facility with Multiline Peril Endorsements

Chubb has launched a suite of multiline cyber peril endorsements for its Global Cyber Facility to helps risk managers address exposure gaps in their insurance portfolio and respond to the concerns of their c-suite and board. First introduced in 2015, …

Western Michigan Public Safety Chief Resigns Over Insurance Fraud Charge

A top public safety official in western Michigan has resigned while he faces a health insurance fraud charge. Greenville City Manager George Bosanic says Mark Reiss resigned on Feb. 13 as director of public safety. WZZM-TV reports Reiss had served …

Corporation of Lloyd’s Bans Booze During Work Hours

Once part of the London/Lloyd’s market culture, the days of liquid lunches have mostly disappeared with many companies requiring that their employees abstain during work hours. The Corporation of Lloyd’s, which oversees and supports the businesses operating in the Lloyd’s …

Texas a Leader in Fatal Crashes, Alcohol-Impaired Driving

Texas highways continue to be a deadly form of travel as traffic crashes involving injuries and fatalities continue to rise. Last year, 3,390 traffic crashes resulted in 3,757 fatalities and 175,347 traffic crashes resulted in 263,536 people injures, the Insurance …

AIG’s Losing Streak Continued in Q4

American International Group Inc. posted its fourth loss in six quarters, burned again by higher-than-expected claims costs as Chief Executive Officer Peter Hancock struggles to sustain profitability. The net loss widened to $3.04 billion, or $2.96 a share, from a …

Florida School District Hit by Data Breach Affecting 7K Employees Has Cyber Insurance

Authorities say as many as 7,700 Manatee County school employees are at risk of being victims of a data breach. School officials learned earlier this month that two payroll employees of the school district along Florida’s Gulf Coast had fallen …

Efforts to Limit Medical Pot Ads Approved by Arkansas House

The Arkansas House has approved legislation aimed at preventing kid-friendly advertising and packaging of medical marijuana, and may soon consider banning any pot ads altogether. The House approved by an 89-1 vote legislation that would require the state to limit …

3 Quick Responses to Insurance Career Objections

I was looking at several resources on the Insurance Information Institute’s website (www.iii.org) and I might not have even stopped to read the survey, but the last bullet statement caught my eye. “Less than half of Americans would like to …

Ed Announces Series of Appointments and One Departure

Ed, the London-based reinsurance, wholesale and specialty broker, has announced several appointments over the past few weeks in the areas of international property and casualty, marine and energy, finance, and underwriting. The company also announced one departure. Announced on Feb. …

11 Children Injured When School Bus Overturns

Louisiana officials say a school bus carrying about 38 children has overturned, with 11 children and the driver suffering what were described as minor to moderate injuries. Louisiana State Police Trooper Dustin Dwight says it happened Monday morning near Greensburg …