News

Uber Drivers Arrested in Hong Kong for Driving Without Insurance

Hong Kong police on Tuesday arrested 21 Uber drivers for illegal car-hiring as part of a clamp down against Uber Technologies Inc.’s operations in the Asian financial city. The arrests marked the latest upset for the San Francisco-based technology company, …

JLT Specialty USA Appoints Levitt as Executive Vice President in New York

JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), has appointed Gabe Levitt as executive vice president. Based in New York, Levitt will join JLT’s New York office and focus on servicing private equity firms, real …

China Firms View Political Risks as Top Concern for Belt & Road Project

As the global limelight fades from President Xi Jinping’s “Belt and Road” summit, the main actors — Chinese state-owned companies — are warning about the political risks they face along the route. Earlier this month Xi outlined plans to direct …

Islamic State Claims Responsibility for UK Terror Attack – Worst Since 2005

Prime Minister Theresa May vowed to combat the “ideology” behind Britain’s worst terrorist attack in 12 years after a suicide bombing killed 22 people at a pop concert. Islamic State claimed responsibility. Campaigning for next month’s general election was suspended …

North Carolina Woman Awarded $1.5M in Construction Safety Whistleblower Suit

A federal jury has awarded $1.5 million to a former North Carolina fire investigator who said she was fired after complaining about the safety of construction work at an office building. The Charlotte Observer reported that a jury ruled May …

Tennessee Insurance Producer Fined $400K for Misappropriation of Client Premiums

The Tennessee Department of Commerce and Insurance (TDCI) has taken disciplinary action against Carey R. Carroll, Jr., a Knoxville-based former Tennessee insurance producer who was found to have violated multiple provisions of Tennessee law resulting in a $400,000 penalty and …

Today’s Climate of Crime, Safety and Security at Schools, Colleges

One in every 5 middle and high school students has complained of being bullied at school and the number of reports of sexual assault on college campuses has more than tripled over the past decade, according to a federal study. …

Cyber Insurance Sales Continue to Grow, Prices Stabilize, Brokers Report

Businesses are buying more cyber insurance and prices for the coverage are stabilizing, according to the latest survey by The Council of Insurance Agents and Brokers. According to the survey of about 100 commercial lines brokers, about 32 percent of …

Patients on Opioids Before Knee Surgery Have Worse Pain Outcomes

Six months after knee replacement surgery, pain outcomes were not as good for patients who previously took prescription opioids, according to a study in the May 17 issue of The Journal of Bone & Joint Surgery. “Our results should be …

WannaCry Attack Could Be Opportunity for Cautious Insurance Industry: A.M. Best

According to a rating agency A.M. Best, the the recent WannaCry ransomware attack could be a benefit to the insurance industry if it leads to better-crafted policies with clear language that provide the desired protection for policyholders. A.M. Best said …

News Archives by Month