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

Many Vehicles, Many Uses, Many Questions

This week’s blog post comes to us from friend of the Academy, Joseph S. Harrington. Joe is a prolific writer, observer, and commentator on the insurance industry. This post is based on his recent Academy webinar by the same title. …

School Bus Crash in Upstate New York; Five Children, Two Adults Injured

Five children aged six to 17 and two adults were injured in a school bus accident Thursday about 60 miles northwest of New York City, according to state police. Troopers said a pick-up truck apparently rear-ended the eastbound bus on …

Insurance Office of America Appoints Tresidder as Director of Surety

Insurance Office of America (IOA) has added Michael J. Tresidder to its team. Tresidder has been appointed director of surety, which is a newly created position, and he will be based in IOA’s Syracuse, N.Y, office. Tresidder has more than …

Lawsuit Alleges University of Maryland Fed Gluten to Student with Celiac Disease

A student who has celiac disease says in a lawsuit that a Maryland state university deliberately served her food containing gluten. The lawsuit from Allegany County native Hannah Smith said the University of Maryland, College Park, violated the Americans with …

Markets Are Overreacting to Threat of Coronavirus: Allianz CEO Baete

Markets are overreacting to the threat of the rapidly spreading coronavirus and the global economy will only see a short-term impact, said the head of Allianz SE, Europe’s biggest insurer. Chief Executive Officer Oliver Baete said the firm was more …

QIC Global Names van der Straaten as Chief Executive Officer

QIC Global, the specialty insurance and reinsurance subsidiary of Qatar Insurance Group, announced the appointment of Michael van der Straaten, as CEO of QIC Global (International), effective March 1, 2020. van der Straaten will remain CEO of Qatar Re. Joe …

Zurich Insurance Partners with Cyber-Security Specialist CYE

Zurich Insurance Group has created a new offering together with cyber-security company CYE to shield businesses against the growing risks of cyber crime. With the partnership, Zurich’s specialist cyber insurance and risk engineering capabilities are combining with CYE’s artificial intelligence-based …

Singapore Prepares for Worst of Climate Change with $72B Defense Plan

Singapore has a reputation for planning ahead. When it comes to climate change, it’s planning for the worst. While governments around the world are struggling to meet the goals of the Paris agreement — keeping the global temperature increase to …

Coronavirus’ Hits to Supply Chains Could Surpass Natural Disasters: Opinion

Everyone is wondering when China will return to work. While it may be tempting to consider past epidemics or labor strikes to gauge how quickly that could happen, the industrial shutdown from the coronavirus is looking more like a natural …

BHSI Expands Team in Spain, Tapping Lovera from Chubb, RSA’s Sanchez

Berkshire Hathaway Specialty Insurance (BHSI) announced two appointments in Spain, naming Alejandro Lovera as head of Executive and Professional Lines and Silvia Sanchez as head of Operations. Lovera has spent nearly 15 years in the commercial insurance industry, most of …