News

Guy Carpenter’s Balderston to Join JLT Re Credit and Political Risk Team

Global reinsurance broker JLT Re has reported that Stephen Balderston will be joining its Credit and Political Risk team as a partner once he has completed his contractual obligations with his current employer, Guy Carpenter. Balderston joins JLT Re after …

Insurtech Firms Often Help, Not Disrupt, Traditional Reinsurers: JLT Re

A wave of insurtech startups are entering the re/insurance market – but that’s not necessarily a disruptive trend, according to a report published by JLT Re. Indeed, the report points to close collaboration between many new insurtech companies and established …

Martin Joins Myron F. Steves and Co. in San Antonio

Paul Martin has joined Texas-based independent MGA and wholesaler, Myron F. Steves and Co., as director of Education and Development. He will also oversee the company’s operations in San Antonio. Martin most recently served as vice president of sales at …

With Federal Program Change, Wisconsin Dairy Farmers Have Risk Management Options

A change to the Dairy Margin Protection Program means Wisconsin dairy farmers can choose to opt out of the federal program and turn to other risk management strategies. The U.S. Department of Agriculture no longer requires farmers to enroll in …

North Carolina Officials to Test Unregulated Chemical in Groundwater at Plant

Environmental officials say they’ll test groundwater for people living near a North Carolina chemical plant after finding worrying signs of an unregulated and little-studied compound. The state Department of Environmental Quality said Sept. 6 it’s acting on limited information that …

Family Says Tesla Car Did Not Kill Their Son But Regulator Says Tesla Shares Blame

Federal accident investigators are poised to find that Tesla Inc.’s auto-driving system should share blame for a fatal 2016 crash in which a Model S sedan drove itself into the side of a truck. The investigative staff of U.S. National …

Trump Administration Revises Obama Self-Driving Vehicle Policy

The Trump administration will alter the course set by the Obama administration on autonomous vehicle policy after industry raised concerns about elements of that initial proposal. The revised guidance — to be unveiled Tuesday in Michigan by Transportation Secretary Elaine …

Supreme Court Could Decide Who Can Sue Equifax for Data Breach Liability

Less than a day after Equifax revealed one of the biggest data breaches in U.S. corporate history, the credit reporting company has already been hit with two proposed class actions in federal court – and one of those cases was …

Liberty Mutual’s Venture Capital Unit Backs Car-Sharing Startup

Liberty Mutual’s venture arm is among the investors backing the new $92 million funding round for Turo, a peer-to-peer car sharing marketplace. Dan Robinson, managing director of Liberty Mutual Strategic Ventures, said he sees solid business opportunities within Turo’s concept. …

How ‘Bermuda High’ Threw Irma and Damage Estimates Off Course

Twenty miles may have made a $150 billion difference. Estimates for the damage Hurricane Irma would inflict on Florida kept mounting as it made its devastating sweep across the Caribbean. It was poised to be the costliest U.S. storm on …

News Archives by Month