Property underwriters are feeling the pressure as cyber has become an increasing source of risk within the property insurance industry, according to panelists at Advisen’s 2017 Cyber Risk Insights Conference, held last week in New York City. “I think ‘under …
The European Motor Insurance Directive (MID) should not be extended to include liability for accidents on private property, warned the International Underwriting Association (IUA). An expansion of the EU directive’s scope to cover vehicles such as ride-on lawn mowers and …
BMW AG said on Friday it is recalling about 1 million vehicles in North America for two separate issues involving fire risks and said it may expand the recalls to other countries. One recall covers 670,000 2006-2011 U.S. 3-Series vehicles …
Peter Breitstone, a former senior executive at Insureon, Aon and Zurich, was named CEO of Goji, a Boston, Mass.-based, technology-enabled personal lines insurance distribution platform that matches high lifetime value preferred consumers with more than a dozen national insurance carriers. …
A New York man who had an ownership stake in 11 fried chicken restaurants in the Boston, Mass., area has been sentenced to two-and-a-half years in prison for tax, insurance and immigration fraud. Federal prosecutors say 58-year-old Hazrat Khalid Khan, …
Federal authorities say five Rhode Island residents have been charged with participating in a scheme to create fake prescriptions for opioid pills and occasionally use medical insurance to pay for those prescriptions. The U.S attorney’s office said Friday that the …
Eastern Insurance Group has promoted Katelyn Tucker to vice president and benefits account executive at Eastern Benefits Group, the insurance firm’s employee benefits division. Tucker, who works out of the Wakefield, Mass., office, has been with Eastern Benefits Group for …
U.S. pharmacy operator CVS Health Corp. and health insurer Aetna Inc. are working toward finalizing merger terms and announcing a deal for more than $70 billion as early as December, according to people familiar with the matter. The deal would …
Bad weather hurt Warren Buffett’s Berkshire Hathaway Inc. in the third quarter, as insurance losses tied to Hurricanes Harvey, Irma and Maria and an earthquake in Mexico contributed to a 43 percent drop in profit. Berkshire on Friday said it …
PPL, the London market’s electronic placing platform, announced that property/casualty risks now can be bound on the platform. The PPL platform first began trading in July 2016 with stand-alone terrorism risks. It now also writes political violence, financial and professional …
