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

Reputational Damage from Fake News & Cyber Attacks Raise UK Business Risk: Report

Fake news threatens U.K. businesses with reputational damage as well as falling sales and share prices, adding to the growing risk from cyber attacks facing companies from local Indian restaurants to multinationals. That’s the warning from the National Cyber Security …

CopperPoint in Arizona Names Kuhn Regional President of PacificComp

Phoenix, Ariz.-based CopperPoint Mutual Insurance Co. has named David Kuhn regional president of PacificComp, a subsidiary of CopperPoint, and executive vice president of enterprise distribution for the CopperPoint family of insurance companies. Kuhn has more than 30 years of experience …

Sompo Int’l to Form Retail Insurance Platform to Integrate International Businesses

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty re/insurance, announced it will establish a retail platform designed to integrate all the operations of Sompo Holdings Inc. outside Japan. Sompo Holdings, which has 45 licensed entities spanning …

Moody’s Offers Software for Insurers Preparing for Reporting Standards IFRS 17

Moody’s Analytics has launched RiskIntegrity™ IFRS 17, a cloud-ready solution designed to help insurers report under International Financial Reporting Standard (IFRS) 17, the new standard governing insurance contracts. This new software will support insurers as they work to meet the …

Uber Wants Pay Inequality Accord to Also Settle Sex Harassment Claims

Uber Technologies Inc.’s $10 million settlement with women engineers who complained they were underpaid compared with men would also rid the ride-hailing giant of liability for potentially hundreds of sexual harassment incidents over the past five years. The accord, which …

State-by-State Study Shows Drivers Are Texting More Despite Bans

If you’re driving right now, it’s far more likely you are reading this on your phone than you would have been a year ago. Despite a harrowing surge in traffic fatalities, American drivers appear to be getting worse at avoiding …

Smith Brothers Insurance Purchases Assets of Connecticut’s Bailey Agencies Insurance

Smith Brothers Insurance LLC has purchased the assets of Bailey Agencies Insurance of Groton, Conn. Bailey was founded in 1890 by Henry Bailey to help protect families and businesses throughout the Southeastern Connecticut region. Owned and operated by the Scott …

Report: Pilots Warned Company About Helicopter Safety

Pilots for the company that operates the open-side helicopter flights like the one that crashed last month in New York City, killing five, had warned management repeatedly of safety concerns over equipment including harnesses, The New York Times reported Sunday. …

Connecticut Senator Says Surcharge to Help Homeowners Is Not Dead

A key Connecticut lawmaker says a proposed surcharge on insurance policies to raise money to help homeowners with crumbling foundations is not a dead issue. Senator Cathy Osten, the Democratic Senate chairman of the Appropriations Committee, said Friday “the surcharge …

Rhode Island Monitoring App Could Save Drivers on Car Insurance

A new auto insurance company in Rhode Island is rewarding drivers with cheaper rates based off how they drive. The catch is that policyholders have to allow HiRoad Assurance Company to track them in a cellphone app. The Providence Journal …