August 16, 2018
Banks are on alert for new attacks targeting cash in ATMs after the Federal Bureau of Investigation warned U.S. lenders last week of a potential threat. “The FBI routinely advises private industry of various cyber-threat indicators observed during the course …
August 16, 2018
Global insured losses from natural catastrophes and man-made disasters during the first half of 2018 were US$20 billion, down from US$30 billion in H1 2017, according to Swiss Re Institute’s latest sigma study. On the other hand, during the first …
August 16, 2018
Allianz Global Corporate & Specialty (AGCS) has hired Scott Setzer as an executive underwriter for Aviation, and Adam Johnson as an Aviation underwriter. Setzer will be based in Alpharetta, Georgia and Johnson in Denver. They will focus on strengthening relationships …
August 16, 2018
Home and business owners in New York’s Finger Lakes region were dealing with flooded basements after heavy rains caused flash flooding that inundated roads in several towns Tuesday. A state of emergency was declared in at least one county. The …
August 16, 2018
Affinion Group, LLC, a subsidiary of Affinion Group Holdings Inc., has closed the previously announced sale of its insurance division, Affinion Insurance Solutions, to an affiliate of Mill Point Capital. As a result of the sale, Affinion Group will operate …
August 16, 2018
New Hampshire employers could pay less for their workers’ compensation insurance next year because of a filing that lowers the loss costs insurers use to develop prices. The National Council on Compensation Insurance (NCCI) filed a rate proposal with the …
August 16, 2018
QBE North America has sold its personal insurance independent agency policies in 47 states to Safeco Insurance, a division of Liberty Mutual. The agreement was effective August 15, 2018. The terms of the transaction were not disclosed. The QBE North …
August 16, 2018
AXIS Capital Holdings Ltd. announced that Marcus Pollak has been appointed to the newly created role of head of Product Center for AXIS Re. Based in Zurich, Pollak will lead underwriting process and portfolio management activities for AXIS Re, and …
August 16, 2018
U.S. entrepreneur and cryptocurrency investor Michael Terpin filed a $224 million lawsuit on Wednesday against telecommunications company AT&T, accusing it of fraud and gross negligence in connection with the theft of digital currency tokens from his personal account. In a …
August 16, 2018
Next week more than 20,000 car enthusiasts will trek to Pebble Beach, Calif., the Pacific peninsula 90 minutes south of Silicon Valley, for one of the most important classic car shows on earth, the Pebble Beach Concours d’Elegance. There will …