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

Guest Post: Who Is Liable When No One Is Driving? Part 3

We are grateful for friend of the Academy, Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS, Executive Director, Big “I” Virtual University who provided this blog series about autonomous vehicles. In the prior two parts, Chris …

Earthquake in Papua New Guinea Causes ‘Massive Destruction’; Death Toll Rises

Whole villages were flattened and water sources spoiled by a powerful earthquake that killed at least 20 people, residents said on Wednesday as rescuers struggled to reach the hardest-hit areas in Papua New Guinea’s remote, mountainous highlands. The magnitude 7.5 …

Bees Endangered by Neonicotinoid Pesticides: EU Food Safety Regulator

Wild bees and honeybees are put at risk by three pesticides from a group known as neonicotinoids, Europe’s food safety watchdog said on Wednesday, confirming previous concerns that prompted an EU-wide ban on use of the chemicals. The European Food …

Commercial Insurance Prices Rise in Q4 2017, Reversing 4½ Years of Rate Cuts: Marsh

Average global insurance pricing in the fourth quarter of 2017 increased for the first time since Q1 2013, driven largely by global property insurance pricing following the third quarter’s large catastrophe losses, according to Marsh’s latest Market Index report. The …

Europe’s Storm Friederike (aka David) to Cost Insurers €1.5B (US$1.8B): PERILS

The initial insured price tag for Extratropical Cyclone Friederike, also known as David, is an estimated €1.5 billion (US$1.8 billion), according to PERILS, the independent Zurich-based organization that provides industry catastrophe insurance data. The event caused significant property damage across …

Update: UK Prime Minister Rejects EU Draft Brexit Deal as Unacceptable

The European Union presented the U.K. with a draft divorce deal that Theresa May said no British prime minister could ever accept. The pound fell. Brexit talks once again look to be stuck around the intractable issue of the Irish …

Georgia Lawmakers Consider Sweeping Georgia Cybercrime Bill

Lying about your weight on an online dating site? Checking out who won the Falcons game from your work computer? Using your computer hacking knowledge as an “ethical hacker?” Those actions may become illegal if a Georgia bill gets voted …

Willis Towers Watson Adds Cyber Coverage to Aviation Offering

Willis Towers Watson has launched Willis Towers Watson Aerospace Cyber Guard, a tailored cyber insurance product for the general aviation industry. Willis Towers Watson Aerospace Cyber Guard was developed in cooperation with Berkley Cyber Risk Solutions, a Berkley Company, and …

U.S. Government Joins Efforts to Win Reimbursement from Opioid Makers, Distributors

The federal government, backing litigation by states and cities, will seek reimbursement from major drug companies and distributors to recover costs it has borne from the opioid epidemic, the U.S. Justice Department said on Tuesday. Attorney General Jeff Sessions said …

Why Financial Tech Startups Need Incumbents to Succeed

Financial technology startups are seeing no shortage of venture dollars flowing their way, but there are increasing concerns over whether they can survive without partnering with the industry they’re seeking to disrupt. More than 75 percent of fintech executives surveyed …