Monthly Archives: <span>January 2018</span>

Facebook Responds to EU’s New Data Law with Changes to Privacy Controls

Facebook will make it easier for its more than 2 billion users to manage their own data in response to a tough new European Union law that comes into force in May, the social network’s Chief Operating Officer Sheryl Sandberg …

Liberty Mutual Sells Off Life Insurance Unit, Realigns U.S., Global P/C Business

Liberty Mutual is getting out of the life insurance business, and the insurer will reorganize in order to better focus on its remaining P/C businesses. The Boston-based global insurer said it will sell its life insurance arm – Liberty Life …

Khan Promoted to CEO, President at ThinkRisk and CorPro

Ryan Specialty Group (RSG) announced the promotion of Reza Khan to chief executive officer and president of ThinkRisk Underwriting Agency and CorPro Underwriting Managers. Reza previously served as executive vice president for both entities and has been with ThinkRisk since …

SpaceX Lost Satellite on U.S. Mission Was Uninsured

U.S. taxpayers may end up paying for the missing satellite launched by Elon Musk’s Space Exploration Technologies Corp. that crashed into the ocean earlier this month, part of a classified U.S. government mission dubbed “Zuma.” Questions remain around the event, …

Two More Counties Added to New York’s Lake Flooding Disaster Declaration

New York officials say two more counties that sustained extensive shoreline damage from Lake Ontario flooding last year are now eligible for federal recovery aid. Gov. Andrew Cuomo and U.S. Sens. Chuck Schumer and Kirsten Gillibrand, all Democrats, announced Friday …

Filing Deadline Approaching for New York’s Cybersecurity Regulation

New York Department of Financial Services Superintendent Maria T. Vullo has reminded all regulated entities and licensed persons covered by the Department of Financial Services’s (DFS) cybersecurity regulation that the first certification of compliance must be filed on or prior …

Delaware Deputy Insurance Commissioner Crane to Leave State Service

Delaware Insurance Commissioner Trinidad Navarro has announced that Deputy Commissioner Mitch Crane will end his service to the state of Delaware on February 16, 2018. Crane has served as Commissioner Navarro’s deputy since the beginning of the Commissioner’s term on …

Connecticut’s Paragon Insurance Holdings Hires Petersen

Paragon Insurance Holdings LLC (Paragon), an Avon, Conn.-based national multi-line specialty managing general agent, has hired Andrew Petersen to the Paragon executive management team as regional president and executive vice president of reinsurance operations. In his new role, Petersen will …

6.1 Magnitude Quake Hits Indonesia, Causing Damages, Injuries on Java Island

Office workers fled high-rise buildings in the Indonesian capital on Tuesday after a strong earthquake shook the city, causing some injuries and damage to at least 130 buildings elsewhere on the densely populated island of Java. The relatively shallow quake …

Airbus Looks to Insurers to Fill Export Trade Funding Gap After Europe’s Freeze

Airbus said on Monday it is working with private insurance firms and banks to help fill a two-year gap in trade funding left by a European freeze on government export credits, but expects limited public financing to resume soon. Airbus …