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BHSI Taps AIG’s Maxwell, Chubb’s Dilley for Exec. & Professional Lines in S. Europe

Berkshire Hathaway Specialty Insurance (BHSI) announced the appointments of Vanessa Maxwell as head of Professional Indemnity & Cyber Insurance and Tom Dilley as head of Financial Institutions in Southern Europe. “Vanessa will focus on building our professional indemnity and cyber …

Illinois Insurance Agent Sentenced to 5 Years for Fraud Scheme

A Decatur, Ill., independent insurance agent has been sentenced to 63 months in federal prison for defrauding his clients, the U.S. Attorney’s Office for the Central District of Illinois reported. Chief U.S. District Judge James E. Shadid sentenced James P. …

Sick Employee Blamed for Norovirus in Closing of Virginia Chipotle

Chipotle Mexican Grill Inc. is retraining kitchen crews on food safety and enforcing a zero-tolerance policy for employees refusing to abide by new rules, after identifying a sick employee as the cause of a Norovirus outbreak that forced it to …

Republican-Led House Votes to Block Rule Allowing Consumer Class Actions

The U.S. House of Representatives on Tuesday voted overwhelmingly to erase a new rule that lets bank and credit-card customers band together in lawsuits, as the agency that drafted the measure, the Consumer Financial Protection Bureau, moves closer to the …

Italy’s UniCredit Reveals Massive Data Breach Involving 400,000 Bank Accounts

UniCredit SpA said hackers accessed about 400,000 client bank accounts in Italy, taking biographical and loan data in one of the biggest breaches in Europe to date. The breaches occurred in September and October of 2016 and June to July …

UK Broker Beach Names RenRe’s Goldberg as Senior VP, Casualty Reinsurance

Beach & Associates, the London-based re/insurance broking and advisory firm, announced the appointment of Julian (Jules) Goldberg as senior vice president. He is based in the London office and reports to Adam Hedley, partner. Goldberg will play an integral role …

Surplus Lines Insurance Premium Up Nationwide

A mid-year compilation of excess and surplus (E&S) insurance premium amounts by the Surplus Lines Stamping Office of Texas (SLTX) shows a 6.6 percent increase in premium nationally compared with the same period last year. SLTX used information from the …

The Nature Conservancy, Blue Marble Offer Microinsurance for LatAm Ranchers

The Nature Conservancy (TNC) and Blue Marble Microinsurance announced they have formed a partnership designed to provide microinsurance for small ranchers in Latin America who use a weather-resilient practice called “silvopasture.” Silvopastoral farming is the practice of combining trees with …

UK to Ban Sales of Fossil Fuel Powered Cars by 2040 to Cut Air Pollution

The UK became the latest European country to mark the end of the line for diesel and gasoline fueled cars as automakers such as Volvo race to build electric vehicles or face the consequences of getting left behind. In London, …

Berkshire Hathaway Eyes Buying Stake in IRB Brasil Resseguros: Sources

Berkshire Hathaway Inc., the firm run by billionaire investor Warren Buffett, is in talks to buy a stake in Latin America’s biggest reinsurer, IRB Brasil Resseguros SA, after an initial public offering of stock, according to two people with direct …

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