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Swiss Re’s Chief Underwriting Officer Schmid Is Stepping Down, Succeeded by Léger

Swiss Re announced the appointment of Thierry Léger as the group chief underwriting officer, effective Sept. 1, 2020. At the same time, the reinsurer announced it is restructuring its life businesses. Léger succeeds Edouard (Edi) Schmid, who has decided to …

Some Facts About London’s Role in Insuring the Slave Trade

London is facing up to its role in insuring the slave trade as part of a sweeping global reassessment of history and racism. This reappraisal was triggered by the death of George Floyd, a black man who died after a …

State-Based Hackers Target Australia Government, Critical Infrastructure: Prime Minister

Australia’s government, health and education services and various industries are being targeted by sophisticated state-based cyber attacks, Prime Minister Scott Morrison said Friday. Morrison said that while the threat wasn’t new, the frequency of the attacks had been increasing over …

Nitsche Named Chair of Independent Insurance Agents of Texas’ Board

Robert Nitsche, CEO of the Giddings, Texas-based independent insurance agency The Nitsche Group, has been appointed chair of the board of directors for the 2020-2021 year by the Independent Insurance Agents of Texas (IIAT). Nitsche was installed as chair of …

Haley Appointed Chief Risk Officer at Educators Insurer Horace Mann in Illinois

Horace Mann Educators Corp., headquartered in Springfield, Ill., has appointed Vice President Paul Haley as chief risk officer. Haley has led risk assessments for the company’s business development efforts since 2018. Haley’s insight into Horace Mann’s business strategy and actuarial …

Oklahoma Court Says Home Warranty Contract Is Insurance, Nixes Forced Arbitration

A home warranty contract is an insurance contract. That’s the conclusion of the Oklahoma Supreme Court in a case in which the plaintiffs challenged a mandatory arbitration provision in a home warranty contract, maintaining such provisions are not legal under …

New Law Expands Access to Medical Marijuana in Louisiana

More Louisiana residents will have access to medical marijuana under a significant expansion of the state’s therapeutic cannabis program that was signed into law by Gov. John Bel Edwards. The changes in the law, which take effect in August, allow …

Ohio May Force GM to Repay $60M in Incentives after Plant Shut Down

Ohio officials are considering forcing General Motors to repay $60 million in public incentives because of its decision to close a massive assembly plant near Youngstown. At issue is an economic development deal from more than a decade ago that …

Bold Penguin Partners with Ohio’s State Auto on Commercial Insurance

Bold Penguin, a commercial insurance technology provider, has added Columbus, Ohio-based State Automobile Mutual Insurance Co. (State Auto) to its platform, expanding its commercial auto insurance offering launched in March 2020. This integration allows users of Bold Penguin’s platform access …

Insurers Alert to Avoiding Legionnaire’s Disease Outbreaks as Buildings Reopen

Commercial insurers are scrutinizing building managers’ efforts to avoid outbreaks of Legionnaires’ disease as they re-open movie theaters, gyms, schools and offices that had been closed for months due to the coronavirus pandemic, industry sources told Reuters. Legionnaires’ disease is …

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