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

Cyber Thieves Hit 1,200 U.S. Hotels in InterContinental Chain

Global hotel chain InterContinental Hotels Group Plc said 1,200 of its franchised hotels in the United States, including Holiday Inn and Crowne Plaza, were victims of a three-month cyber attack that sought to steal customer payment card data. The company …

Tornado, Hail Losses Hurt Travelers in Q1

Travelers Cos. was burned again by Mother Nature. Alan Schnitzer has been contending with volatile weather since becoming chief executive officer in late 2015, extending a trend of recent years in which storm seasons last longer than usual and strike …

Wyoming County February Storm Caused $2.8M in Damage

Officials estimate a February storm that cut power to thousands of homes in Teton County, Wyo. and prompted a disaster declaration caused nearly $3 million in damages. The Jackson Hole News and Guide reported Nancy Casper with the Federal Emergency …

Family Sues Mental Health Contractor in Oregon Bridge Suicide

The family of a woman who jumped off the Astoria Bridge in northwestern Oregon seeks nearly $1 million in a lawsuit filed against a county mental health contractor. The lawsuit filed Saturday alleges Clatsop Behavioral Healthcare was negligent in not …

$1M Settlement in Police Shooting in Colorado Capital

City councilors in Denver, Colo. have approved a nearly $1 million settlement with the family of a teenager who was shot and killed by police while driving a stolen car toward an officer in 2015. The proposed settlement in the …

Arizona Lawmakers to Take up Texting While Driving Ban for Teens

The Arizona House is planning to debate legislation banning texting or other cellphone use by drivers with only a learners permit or during the first six months teenagers have a regular license. The debate comes two days after Speaker J.D. …

California University Settles Law School Dean Harassment Suit for $1.7M

The University of California’s governing board has agreed to a $1.7 million settlement that will be paid out over the next decade to an employee who accused the former dean of UC Berkeley’s law school of sexual harassment. Under terms …

W.R. Berkley Adds Insurance Technology Analyst from Goldman to Investment Team

W.R. Berkley Corp. has hired a former Goldman, Sachs & Co. analyst to evaluate potential investments in emerging insurance technology companies. The executive, Michael Nannizzi, will be part of Berkley’s corporate investment team. In taking on the job, he’s assuming …

Better Data, Models Expand Private Flood Insurance Opportunities: Actuaries

As Congress considers reauthorization of the National Flood Insurance Program (NFIP), it should take into account specific insurance market, technological advances and other developments in weighing its options, according to the nation’s actuaries. A new report, “National Flood Insurance Program: …

Pioneer Expands Miscellaneous E&O Division with 2 Pennsylvania Appointments

Pioneer Underwriters (Pioneer) has appointed Milan Devetak as senior underwriter and Andrew Nowlan as underwriter in the Miscellaneous E&O, Technology & Cyber division of its U.S. underwriting platform, Pioneer Special Risk (PSR). Devetak and Nowlan will be based in Exton, …