Monthly Archives: <span>April 2019</span>

Lloyd’s Innovation Drive Faces Headwinds from Some Brokers, Underwriters

Lloyd’s of London, the world’s oldest insurer of seafaring vessels, is facing its own perfect storm. Old-fashioned business practices, exposure to natural disasters, competition from rival centers and Brexit are all threatening Lloyd’s reputation as the place to insure anything …

Battle of Words Continues Between Argo Group and Activist Shareholder

An activist Argo Group shareholder accuses the company of using a corporate jet for 1,500 flights in recent months and questions whether the trips were exclusively for business purposes. So goes the latest salvo fired against the company in advance …

New AAIS Florida Homeowners By-Peril Program Approved by State Regulator

AAIS (the American Association of Insurance Services) has received approval for its new Florida Homeowners By-Peril Insurance Program from the Florida Office of Insurance Regulation (OIR). The AAIS Florida Homeowners By-Peril Program provides carriers operating in Florida a way to …

Historic Tennessee Courthouse Damaged by Fire

A fire has caused significant damage to one of the oldest courthouses in Tennessee. Fire officials told news outlets that the first crew arrived at the Loudon County courthouse Tuesday evening and quickly called for backup as flames began to …

Cannons, Networks, Radar, Jammers: The Business of Taking Down Drones

Just shoot them down? After troublesome drones infiltrated London’s Gatwick airport late last year, disrupting passenger flights and costing potentially millions of pounds in revenue, that was the instinctive question posed by the watching world. But for some businesses, shooting …

Former Washington Insurance Agent Pleads Guilty to Theft

Former Washington insurance agent Abu Ameena Ward has pleaded guilty in Pierce County Superior Court to one count of third-degree theft and was ordered to pay $18,666 in restitution to Farmers Insurance and $700 in court fees. He entered the …

Marsh Rolls Out Proof of Insurance Blockchain for Select U.S. Clients

A year after it began a collaboration to develop the product, insurance broker Marsh has announced that it has begun the rollout of its proof of insurance blockchain platform to U.S. commercial clients. Originally introduced as a proof of concept …

U.S. Plans Global Summit on Boeing 737 Max Safety

The U.S. Federal Aviation Administration next month will brief international aviation regulators on the agency’s work evaluating when the Boeing Co. 737 Max can return to service, which some countries have signaled they intend to decide on their own. The …

Tesla to Create Own Insurance Product, Says Musk

For the second time in three days, Elon Musk has shed light on how Tesla Inc. plans to take on massive industries outside the automotive and clean-energy realms. Tesla’s chief executive officer said during Tesla’s earnings call Wednesday that the …

Google Agrees to More Changes in How It Handles Harassment, Misconduct Complaints

Google unveiled another round of policy changes to address employee concerns about misconduct at the world’s largest internet search company. Staff can now lodge complaints and concerns about harassment and other misconduct at work via a new website. During meetings …