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Nautilus Insurance Promotes Buckhardt, Joyce to Executive Vice President Posts

Nautilus Insurance Group has promoted two senior staff members to the position of executive vice president. Trish Buckhardt, senior vice president, chief operating officer (COO), and chief information officer (CIO), has been promoted to executive vice president while retaining both …

Some Question Insurers’ Estimates of Coronavirus Business Interruption Claims

U.S. property and casualty insurers have cast the coronavirus pandemic as an unprecedented event whose massive cost to small businesses they are neither able nor required to cover. The industry has warned it could cost them $255 billion to $431 …

Safety Agency Warns of Tail Strikes, Off-Course Flying by Near-Empty Airplanes

One nearly empty passenger jet “climbed like a rocket,” prompting the pilots to exceed their assigned altitude. Others have scraped their tails on takeoff, gone off course or strayed close enough to other aircraft to prompt mid-air collision alerts. The …

Fireworks Explosion Kills One, Injures Another in Pennsylvania

The explosion of two tractor-trailers filled with fireworks in eastern Pennsylvania, killing one person and injuring another, is under investigation, officials said Wednesday. The Lehigh County coroner said 50-year-old Brian Ehret of Zionsville in Lower Milford Township was pronounced dead …

Massachusetts’ Safety Insurance Extends Personal Auto Relief Credit

Safety Insurance has extended its Personal Auto Relief Credit through June 30 to reflect changing consumer patterns and needs during the ongoing COVID-19 pandemic, according to a company press release. The original credit was announced in April and offered all …

New Jersey Framing Contractor Facing $1.9M in Proposed Fines for Safety Hazards

The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) is proposing penalties against BB Frame LLC, operating as Frame Q and as Owner and Principal Juan Quevedo, for exposing workers to multiple safety hazards at four Bergen County, …

Aspen Insurance Reconfigures Management Team with 2 New CEOs, Non-Exec Director

Aspen Insurance Holdings Ltd. announced it has made some major changes to its management team, including the appointment of a non-executive director, two chief executive officers and a chief underwriting officer. The announcement also covers the appointment of Theresa Froehlich …

Searchlight Capital Partners Completes Acquisition of UK Broker Global Risk Partners

Global Risk Partners Ltd., the London-based independent insurance intermediary, announced that global private investment firm Searchlight Capital Partners has completed its acquisition of a majority stake in the group, following regulatory approval. Financial details of the deal, which was first …

Insurers Distance Themselves from Disputed Australia Coal Project as Backlash Grows

Global insurance companies linked to Adani’s Carmichael coal mine in Australia are distancing themselves from the controversial development, as pressure mounts on financial institutions to cut their ties to the fossil fuel industry. A growing global consensus has seen financial …

New Insurer Astaara Focuses on Protecting Maritime Industry from Cyber Risks

A new insurance services business, called Astaara Company Ltd. (ACL), has been launched to protect maritime companies from cyber threats Offering risk management, underwriting and analytics, London-based Astaara will work with shipowners and ports operators to decrease their vulnerability to …

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