Monthly Archives: <span>January 2020</span>

California Considers Declaring Common Pain Killer Carcinogen

A fight is coming to California over whether to list one of the world’s most common over-the-counter drugs as a carcinogen, echoing recent high-profile battles over things like alcohol and coffee. The drug is acetaminophen, known outside the U.S. as …

Trump Says U.S. Has Plan to Contain Coronavirus

President Donald Trump said on Wednesday that the United States has a plan in place to contain the coronavirus outbreak. Speaking on the sidelines of the World Economic Forum (WEF) annual meeting in Davos, Switzerland, Trump said: “We do have …

Marsh Sees Hike in Demand for Political Violence Insurance in Gulf After Tanker Attacks

Marsh, one of the world’s largest insurance brokers and risk advisers, has seen a spike in clients’ inquiries for political violence cover in the Gulf after attacks on tankers and oil installations rattled the region last year, an executive said. …

Ransomware Exposure Driving Up Cyber Insurance Costs

U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said. The changes follow a challenging year of hackers using malicious programs, …

Philadelphia Teachers Union Suing District Over Asbestos in Schools

The union representing public school teachers in Philadelphia is suing the district over its handling of asbestos contamination in schools, the union said Monday. The Philadelphia Federation of Teachers suit comes after the city school district was forced to close …

PMA Companies Names Consiglio as Vice President of Northeast Region

PMA Companies has named Jeanne Consiglio as vice president of the Northeast region. In her new role, Consiglio will be responsible for leading the company’s strategic growth objectives in Connecticut, the New York City metropolitan area, Massachusetts, Rhode Island, Vermont …

Massachusetts’ Sayata Labs Hires King Flynn as Head of Insurance

King Flynn has joined Sayata Labs, a Boston, Mass.-based, Axa-backed insurtech startup, as head of Insurance. Sayata helps insurance carriers and brokers accelerate their mid-market cyber business while simultaneously providing insureds with knowledge about their cyber posture so they can …

Pennsylvania Insurance Commissioner Appointed as NAIC Committee Chair

Pennsylvania Insurance Commissioner Jessica Altman has been selected for the second consecutive year to serve as chair of the Health Insurance and Managed Care Committee of the National Association of Insurance Commissioners (NAIC), the organization reported in announcing its leadership …

Natural Disasters in Past Decade Broke Records for Economic, Insured Losses: Aon

The past decade broke new records in terms of economic damages and insured losses, according to Aon’s latest catastrophe report. The costs to global economies reached US$2.98 trillion between 2010 and 2019, which was US$1.19 trillion higher than 2000-2009, said …

Is it a MORAL or MORALE hazard?

I just read a really interesting article about determining liability when there is a car accident involving an autonomous vehicle. The article presents some of the findings from a study done by Columbia Engineering and Columbia Law School that indicates …