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

Airbnb Insurance Leader Langone Becomes RIMS President for 2020

The risk management society, RIMS, announced that Laura Langone, head of Insurance Operations at Airbnb, Inc., will lead the association as president for the 2020 term. As president, Langone is succeeding Gloria Brosius, who is director of Risk Management and …

Allianz Buys U.K.’s LV General Insurance Group and Legal & General’s Non-Life Unit

Allianz Holdings plc, the U.K. subsidiary of Allianz SE, has completed its planned acquisition of the remaining 51% of LV General Insurance Group (LV GIG) from Liverpool Victoria Friendly Society (LVFS). The total consideration by Allianz for 100 percent of …

Commercial Lines Insurtech Bold Penguin Acquires E&S Brokerage Tech Platform xagent

Bold Penguin, a commercial insurance exchange technology platform launched in 2016, announced it has acquired xagent, an independent, single-entry, multi-quote platform for standard and surplus lines business insurance market. Bold Penguin said the transaction will allow it to better serve …

New Hampshire’s Optisure Risk Partners Hires Five

Optisure Risk Partners has hired five individuals as the company continues its growth trajectory. Three new producers joined the organization: Heather Galloway joined Optisure as a sales executive and brings more than 20 years of experience in personal lines insurance …

Rhode Island Considers Permanent Flavored Vape Products Ban

Rhode Island’s health department is proposing to permanently ban the sale of flavored vaping products in the state. The department issued a public notice last week that it wants to make the temporary ban currently in effect permanent. Democratic Governnor …

Judge Denies Motion for New Trial in Boat Sinking Case

A man whose boat sank in 2016 resulting in his mother being lost at sea was denied a new trial Monday by a federal judge amid an ongoing dispute with insurance companies over the boat’s seaworthiness. Insurers said in the …

Indonesia Hit by Worst Flooding Since 2013, with Death Toll Rising

Indonesian authorities re-opened the Halim Perdanakusuma airport in Jakarta for limited operations, as the death toll rises from the city’s worst flooding in almost seven years. At least 16 people have died from the New Year’s Day flooding, with half …

Commercial Airplane Crash Deaths Drop by More than 50% in 2019: Aviation Consultant

The number of people killed in large commercial airplane crashes fell by more than 50% in 2019 despite a high-profile Boeing 737 MAX crash in Ethiopia in March, a Dutch consulting firm said on Wednesday. Aviation consulting firm To70 said …

Australia Breaks Records for High Temperatures, Low Rainfall as Wildfires Keep Raging

As massive wildfires devastate swathes of Australia and supercharge the debate over the impact of climate change, government data show the nation has never suffered a hotter or drier year than 2019. The average temperature last year was about 1.5 …

Insurance Journal’s Top 10 East Region Stories of 2019

A new year is a time of reflection for some, and last year, the city of Boston began 2019 by reflecting on an important piece of the city’s history: the 100-year anniversary of The Great Molasses Flood. The flood, which …