April 12, 2017
The revised estimate of property insurance losses for Windstorm Egon, which hit France and Germany on Jan. 12-13, 2017, is €234 million ($243 million), according to PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data. The cold …
April 12, 2017
Every organization, of every size and operational orientation, needs cyber insurance to manage its exposures in this age of networked information. That was one thing speakers agreed on at the recent 2017 Cyber Liability Symposium held by the Professional Liability …
April 12, 2017
Keystone Insurers Group, a Northumberland, Penn.-headquartered property and casualty insurance partnership, has named Charles A. “Tripp” Craig III director of business development. Craig has 30 years of experience in the insurance industry, most recently as a senior insurance executive for …
April 12, 2017
The New York State Department of Financial Services (DFS) has fined YourPeople Inc., doing business as Zenefits FTW Insurance Services, $1.2 million for allowing unlicensed employees to sell insurance and failing to implement adequate compliance controls and employee training, according …
April 12, 2017
Cyber security breaches erode companies’ share prices permanently, with financials the worst hit, a study issued by IT consultant CGI and Oxford Economics has found. Severe cyber security breaches, such as those having legal or regulatory consequences, involve the loss …
April 12, 2017
When a train jumped the tracks this past week at New York’s Penn Station, the seemingly minor accident led to a cascade of exasperating delays for hundreds of thousands of commuters. When a flood forced authorities to condemn a one-lane, …
April 12, 2017
The insurance industry’s third annual diversity and inclusion festival, called Dive In, will be held Sept. 26-28 at events across the globe. Marsh, Willis Towers Watson, XL Catlin and Aon are continuing their year-on-year support of the festival and will …
April 12, 2017
Authorities are investigating a series of fires in the City of Birmingham, Alabama, set from September 2016 to present. The Bureau of Alcohol, Tobacco, Firearms and Explosives has released a statement seeking information on 40 fires in the Ensley and …
April 12, 2017
A recall has been issued after two people in Florida found a dead bat in the packaged salad they were eating. The Miami Herald reports that Fresh Express has recalled its Organic Marketside Spring Mix, which was shipped to Wal-Mart …
April 12, 2017
Officials say a new water tower will result in lower property insurance rates in a recently annexed area of Tupelo, Miss. The Northeast Mississippi Daily Journal reports the $1.2 million water tower began operations last week. Tupelo Water & Light …