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

Exxon’s LNG Plant in Papua New Guinea Could Be Shut for 6 Weeks After Quake

Exxon Mobil Corp.’s $19 billion liquefied natural gas export project in Papua New Guinea may remain shut for six weeks after an earthquake rocked the country’s remote highlands, which are home to the venture’s upstream gas supplies, according to UBS …

Pool Re Extends Retrocession Program to $2.9B with Cyber Terrorism Now Covered

Pool Re announced it has renewed its retro program and extended the cover to include material damage and direct business interruption (BI) caused by acts of terrorism “using remote digital interference.” The renewed cover, brokered by Guy Carpenter, has been …

Christian Named Aon Benfield’s Global Chairman; Page Promoted to CEO of Aon UK

Aon plc announced that Dominic Christian has been appointed as global chairman of Aon Benfield. At the same time, Julie Page has been promoted to chief executive officer of Aon UK Ltd., subject to regulatory approval. Most recently, Christian was …

United Educators Offers Streamlined Internships and Professional Services Coverage

Bethesda, MD, March 1, 2018—United Educators (UE), a reciprocal risk retention group that insures education, today launched an innovative internships and professional services liability (IPL) policy with broad coverage for most student internships and experiential learning programs. This policy features …

Gun Injuries Drop 20% During NRA Convention Every Year: Study

Thousands of firearm injuries occur in the United States each year, but the likelihood of such injuries appears to drop substantially when gun enthusiasts hold large national meetings, according to research led by Harvard Medical School. The results, published March …

What Agent Who Wrote First Cyber Policy Thinks About Cyber Insurance Now

It was more than 20 years ago. The Internet as it is known today was in its infancy. Steven Haase was with an insurance agency in Atlanta focused on insuring technology companies. “Around 1995, I saw the commercialization of the …

Study Suggests Pedestrian Fatalities May be Linked to Smartphone, Marijuana Use

For the second year in a row, nearly 6,000 pedestrians were killed in motor vehicle crashes in the U.S. in 2017, according to projections from the Governors Highway Safety Association (GHSA), which further suggests the high numbers could be linked …

Ali Center in Kentucky Closed for Several Days Due to Major Flooding

The Muhammad Ali Center is downtown Louisville will remain closed to visitors until March 6 due to extreme flooding. The center says rising water levels in the parking garage forced a shutdown of electric power to the elevators. The building, …

More Than $8M Recovered for Georgia Insurance Consumers in 2017

More than $8 million was secured for thousands of individuals, families, and businesses who filed complaints against insurance companies in 2017 through help from the Georgia Insurance Commissioner’s Office, according to a statement from Insurance Commissioner Ralph Hudgens. Complaint examiners …

Verisk Launches New Energy Insurance Platform for Insurers

Verisk, a data analytics provider, has launched Energy & Power Intelligence Xchange (EPIX), a benchmarking and risk-scoring platform designed to enhance how insurers research, assess, and underwrite complex energy risks. EPIX provides a range of information on energy risks and …