Property/casualty insurers in the directors and officers (D&O) liability insurance market may find it more difficult to maintain underwriting performance in 2018 than in recent years, according to Fitch Ratings, as market pricing remains highly competitive and claims trends are …
Maine businesses could save as much as $27 million this year thanks to a projected decline in workers’ compensation insurance claims. Maine Superintendent of Insurance Eric Cioppa said he approved a 12 percent average decrease in expected workers’ compensation loss …
Markel Corporation has hired Beth Hungate-Noland as a managing director. In this role, Hungate-Noland will join the team at Markel that is responsible for oversight of the company’s Markel Ventures operations and will be based out of Markel Corporation’s headquarters …
The Supreme Court of New Jersey has ruled a city and its electrical inspector are not liable for claims resulting from a fatal fire within a multi-unit home that was allegedly caused by faulty wiring. The court stated in its …
The NBA is establishing a confidential hotline for league and team employees to report concerns about misconduct in their workplace. The move comes after a Sports Illustrated report that described a hostile environment for women in the Dallas Mavericks organization. …
Exxon Mobil Corp. has shut production platforms and a processing plant in the highlands of natural gas exporter Papua New Guinea after an earthquake struck the Pacific nation. The U.S. oil giant closed the facilities to assess damage from a …
Britain is backing a hedge fund that aims to raise $200 million to give developing countries access to climate risk insurance. Britain’s Department for International Development (DFID) is investing 25 million pounds ($35 million) over a 20-year period in the …
Puerto Rico’s governor has announced that a team of experts at George Washington University will lead an independent, in-depth review to determine the number of deaths caused by Hurricane Maria amid accusations that the U.S. territory has undercounted the toll. …
Europe’s aviation safety authority has proposed anti-hacking measures and geo-awareness technology for small drones to avoid collisions with aircraft or people, taking an important step toward Europe-wide regulation. The reworked proposal published by the European Aviation Safety Agency (EASA) on …
On May 25, 2018, the European Union (EU) General Data Protection Regulation (GDPR) will go into effect in the 28 EU member states. Companies, the world over, are now rushing to meet the deadline for compliance but how many will …
