News

Maine Man Dies in Work Accident When Scissor Lift Tips Over

Police in Maine said a man died in a workplace accident in which a scissor lift he was using tipped over at a job site. The accident killed James Thompson, 58, of Yarmouth, police said. Thompson was painting the inside …

Health Officials Hope New Coronavirus Contact Tracing Apps Attract More Users

A new wave of mobile apps that help track exposure to the coronavirus is coming to U.S. states ahead of the holidays as public health officials bet that recently introduced features from Apple Inc. and Alphabet Inc.’s Google will significantly …

Chief Actuary Antonello to Be Next CEO of Employers Holdings

Small business workers’ compensation insurance specialist Employers Holdings Inc. has named Katherine H. Antonello as its president and chief executive officer. She will take over upon the retirement of Douglas D. Dirks on April 1, 2021. Dirks will be retiring …

Aon Hires Marsh’s O’Donnell as Client Director in PFI and Infrastructure Team

Insurance broker Aon plc announced that Karen O’Donnell has been appointed as a client director within its Private Finance Initiative (PFI) and Infrastructure team, a specialist practice that sits within Aon’s Construction division within the Global Broking Centre. O’Donnell will …

Insurtech Blink Launches Non-Damage Business Interruption Parametric Solution

Irish insurtech Blink has launched a hurricane non-damage parametric insurance solution which provides liquidity to small and medium-sized businesses in the immediate aftermath of a natural disaster. Called “Blink Interruption,” the product aims to cut average business interruption claims processing …

Hudson to Acquire Pennsylvania’s Allegheny Group and Its Surety Operations

Specialty insurer Hudson Insurance Group has agreed to acquire the Allegheny Group Inc. (AGI) and its subsidiaries from its private shareholders. Hudson, by acquiring Pennsylvania-based AGI, will own Allegheny Surety Co., a Pennsylvania insurance company, and Allegheny Surety Agency, the …

South African Insurer Santam to Appeal COVID-19 Business Interruption Ruling

Santam said on Friday it would appeal against a court ruling that found South Africa’s largest non-life insurer liable to pay a client’s claim relating to a coronavirus lockdown. Like insurers in other countries, Santam has been battling with clients …

UK Hasn’t Compromised Enough for Brexit Trade Deal as Deadline Looms, EU Warns

The European Union warned that the UK hasn’t moved sufficiently to overcome the three main obstacles to a post-Brexit trade deal as three of the bloc’s leaders called for contingency plans to be stepped up in case one isn’t reached. …

Swiss Re Confirms Financial Targets Despite Pandemic

Reinsurance company Swiss Re said it was committed to a stable or increasing dividend as it confirmed its financial targets on Friday despite the coronavirus pandemic that has pressured the industry. The reinsurer has swung to a loss in the …

Lawmakers Aim to Ensure UK Financial Services Stay Competitive Globally After Brexit

Britain’s lawmakers launched an inquiry on Friday aimed at ensuring its financial services remain globally competitive after the country’s full departure from the European Union next month. “We’ll make a series of recommendations for how the government, public bodies and …

News Archives by Month