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Hylant’s Timmel Joins Safety National to Lead Cyber Insurance Development

Spencer Timmel, has joined Safety National as national director of Cyber and Technology. In his new capacity with Safety National. Timmel will be responsible for leading Safety National’s effort to become a provider of cyber liability and other related coverage. …

Global Momentum to Curb Climate Change Proceeds Despite Trump: UN

Governments have created “worldwide momentum” to slow climate change despite threats by U.S. President Donald Trump to pull out of the 2015 Paris Agreement to slash greenhouse gas emissions, the U.N.’s climate chief said on Friday. “The Paris Agreement remains …

CFC Underwriting Upgrades Global Cyber Product

Specialist lines underwriting agency, CFC Underwriting, has launched a revamped and upgraded cyber insurance product for global markets. The new look product provides includes the provision of first party cover on an “each and every claim” basis, said CFC Underwriting, …

New Zealand Eyes Revamping Building Standards After November Quake

New Zealand’s government said Friday [March 31] the partial collapse of a modern office building’s interior during an earthquake last November was unacceptable and could have killed people. Minister for Building and Construction Nick Smith said officials will review the …

City of London Will Survive Brexit – Even if Many Jobs Move to Continent: Official

The City of London should emerge largely unscathed from Brexit even though thousands of banking and insurance jobs could move to the continent, the financial district’s policy chief said. The “City” or “Square Mile,” home to over 250 foreign banks …

Australia Floods in Wake of Cyclone Debbie Kill 4, Disrupt Mining

Damage to rail lines in cyclone-hit northeast Australia is set to disrupt exports of the steel-making material from the world’s largest coking coal region, underpinning prices and raising the prospect of major producers declaring force majeure. The extent of the …

Uber’s Biggest SE Asia Rival, Grab, Buys Indonesian E-Commerce Platform

Grab, Uber Technologies Inc.’s biggest rival in Southeast Asia, will acquire Indonesian e-commerce startup Kudo for an undisclosed amount, striking its first deal since pledging to invest $700 million in its largest market. The purchase is aimed at beefing up …

Judge Allows Defamation Lawsuit by 2 Baseball Players Against Al Jazeera

A federal judge says two Major League Baseball players can go ahead with their lawsuit on claims that an Al Jazeera documentary defamed them by linking them to performance-enhancing drugs. Judge Ketanji Brown Jackson ruled Friday that the lawsuit by …

Republicans Now Eye Insurer Low-Income Subsidies They Sued to Halt

Republican lawmakers are seeking a way to guarantee that health insurers get $7 billion promised to them to help low-income people afford the out-of-pocket costs of Obamacare plans, in an effort to keep more companies from leaving markets created by …

Slice Labs Testing Pay-Per-Use Insurance App with Rideshare Drivers

Insurance tech startup Slice Labs has created a pay-per-use rideshare insurance app and is now testing the technology with a select set of rideshare drivers. Plans call for testing the technology and algorithms with a group of 50 people “in …

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