French Utility EDF Prepares Its Nuclear Reactors for Climate Change July 11, 2019 By Francois de Beaupuy Electricite de France SA is preparing its nuclear power facilities to operate in more severe heatwaves in the coming decades...
BHSI Opens Office in Germany, Names QBE’s Krause as Country Manager July 11, 2019 Berkshire Hathaway Specialty Insurance (BHSI) has appointed Andreas Krause as country manager for Germany and established a new office in...
Pakistan Examines Ways to Bolster Insurance Penetration July 11, 2019 By Faseeh Mangi Pakistan’s securities watchdog is examining ways to support the country’s struggling brokerage and insurance industries under its latest chief. The...
AM Best Affirms Credit Ratings of Lloyd’s July 11, 2019 AM Besthas affirmed the Financial Strength Rating of “A” (Excellent) and the Long-Term Issuer Credit Ratings of “a+” of Lloyd’s...
Marriott Faces $124M Fine for Massive Data Breach Under New Data Protection Rules July 11, 2019 By Patrick Clark and Jonathan Browning The massive hacking of Marriott International Inc. reservation databases could lead to a 99 million-pound ($124 million) fine as the...
Swiss Re Postpones $4B ReAssure IPO, Citing Weak Investor Demand July 11, 2019 By Brenna Hughes Neghaiwi and Arno Schuetze Reinsurance group Swiss Re suspended plans for a $4.1 billion initial public offering of British life insurer ReAssure on the...
Georgia Makes 49 Insurance Fraud Arrests in First Half of 2019 July 11, 2019 Agents from the Georgia Department of Insurance Fraud Investigations Division made 49 arrests in the first half of 2019 and...
Harrison Joins Holmes Murphy in Houston as VP, Business Development July 11, 2019 Waukee, Iowa-based insurance services firm, Holmes Murphy, has added Don Harrison as vice president of Business Development for South and...
CSAA in California Names Goldstein Executive Vice President July 11, 2019 Walnut Creek, Calif.-based CSAA Insurance Group has named Linda Goldstein executive vice president in customer experience and marketing. Goldstein leads...
IBM Joins Call to Trim Liability Shield for Google, Facebook, Other Internet Platforms July 11, 2019 By Naomi Nix and Ben Brody International Business Machines Corp. on Wednesday threw its support behind enacting a new policy to limit liability protections enjoyed by...