September 14, 2017
A U.S. trucking trade group and truck maker Navistar International Corp. urged a U.S. Senate panel on Wednesday to include self-driving commercial trucks in proposed legislation intended to speed autonomous vehicles to market. The House last week unanimously approved a …
September 14, 2017
Fitch Ratings reported that based on its initial assessments, most U.S. insurance companies and global reinsurers that it rates are not expected to be downgraded as a result of the combined effects of Hurricanes Irma and Harvey. However, Fitch said …
September 14, 2017
Monkey see. Monkey sue. Monkey settle. Attorneys representing a macaque monkey have agreed to a compromise in a case where they asserted the animal owned the copyright to selfie photos it had shot with a photographer’s camera. Under the deal, …
September 14, 2017
Chubb announced that Tara Parchment, vice president, Personal Risk Services, UK & Ireland, has been appointed as head of its European Personal Risk Services division. In this role, Parchment will have responsibility for the performance of the company’s high net …
September 14, 2017
With growth prospects becoming rarer in the continuing competitive insurance market, carriers are among three sets of buyers fueling a hot M&A environment for specialized managing general agencies, representatives of GC Securities said Sunday. In a blog item on Guy …
September 14, 2017
The industry’s Blockchain Insurance Industry Initiative (B3i) has developed a reinsurance blockchain prototype for a property excess of loss contract—and could be on the cusp of an industry revolution. Unveiled this week at the reinsurance Rendez-Vous de Septembre in Monte …
September 14, 2017
Global insurance broker Hub International Ltd. has acquired Delisle Agencies Ltd. of Delisle, Saskatchewan, Canada. Terms of the acquisition were not disclosed. The family-owned Delisle Agencies specializes in personal lines and government automotive insurance solutions. Rob Ouellette, president, will join …
September 14, 2017
Growing cyber crime has spurred proposals to strengthen the European Union’s specially dedicated security agency and set up a fund to help countries who suffer such attacks. An increase in ransomware attacks such as this year’s WannaCry worm that locked …
September 14, 2017
Liberty Mutual and Ironshore’s dedicated construction practices have introduced an Integrated Primary Wrap Up/Project Specific program offering general liability (GL) and professional liability (PL) protection for medium and large construction projects developed through design-build or integrated project delivery (IPD). Workers’ …
September 14, 2017
Hurricane Irma’s devastating storm surge came with weird twists that scientists attribute to the storm’s girth, path and some geographic quirks. A combination of storm surge, heavy rains and swollen rivers sent some of the worst flooding into Jacksonville, Florida, …