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

BHSI Enhances Executive First D&O Liability Insurance in Asia

Berkshire Hathaway Specialty Insurance (BHSI) announced that it has enhanced its Asia Executive FirstDirectors & Officers (D&O) Liability Insurance to include a provision that reinstates policy limits exhausted by the entity or by individual insureds. “Corporate regulatory investigations have become …

Ohio Jury Awards $50M to Man Who Alleged Police Locked Him in Closet

A jury in Cleveland on Friday awarded $50 million to a man who claimed police beat him while he was handcuffed and locked him in a storage closet for four days with no toilet and nothing to eat or drink …

Texas’ Tricolor Launches Auto Insurance Option for Low Income Consumers

Tricolor, a Dallas-based used vehicle retailer focusing on the sale and financing of vehicles to the Hispanic consumer, is now offering affordable auto insurance option for low-income and credit invisible customers through its affiliate company, Tricolor Insurance. After testing the …

Allianz Appoints Mitchell as Regional Head, Multinational for the Americas

Allianz Global Corporate & Specialty SE (AGCS) has named Ben Mitchell to the newly created role of regional head of Multinational Americas. He is based in Chicago. Mitchell has served as head of the Global Clients Unit, Americas, since July …

Paychex Now Offering Cyber Liability Insurance to Payroll Clients

Payroll management firm Paychex is now making cyber liability insurance available to its clients through Paychex Insurance Agency and AXIS Insurance Co. The policy helps business owners mitigate the potential financial impact of data breaches, hackers, ransomware, and online banking …

Car Makers Befriend Hackers to Learn About Cyber Vulnerabilities

At a conference where hackers can try their hand at picking locks and discover cyber vulnerabilities in a makeshift hospital, they can also endeavor to break into the control units of cars and take over driving functions. Those efforts at …

New FAA Chief Asked to Review Agency’s Handling of Boeing Crashes

U.S. Transportation Secretary Elaine Chao said on Monday she has asked the new head of the Federal Aviation Administration (FAA) to assess the agency’s performance in the wake of two fatal crashes of Boeing Co.’s 737 MAX planes since October. …

North Carolina Criminal Investigations Reserve Unit Formed to Fight Insurance Fraud

North Carolina Insurance Commissioner Mike Causey has organized a Criminal Investigations Reserve Unit to combat the extensive number of insurance fraud cases in the state. Four veteran law enforcement personnel, were sworn-in Thursday as inductees at a ceremony in Raleigh …

FEMA Awards $1.1M Mitigation Grant to Flood Zoned Homes on Georgia Coast

Twelve homes on the coast of Georgia will receive a federal grant of about $1.1 million to help alleviate the cost of elevating their homes. News outlets report Tybee Island Mayor Jason Buelterman and Rep. Buddy Carter announced August 5 …

AM Best Revises Outlooks to Stable for Georgia Farm Bureau Group Members

AM Besthas revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Ratings of “bbb-” of Georgia Farm Bureau Mutual Insurance Co. and Georgia Farm Bureau Casualty Insurance Co., …