Technical trade secrets were stolen from the steel production and manufacturing plant design divisions of ThyssenKrupp AG in cyber attacks earlier this year, the German company said on Thursday. ThyssenKrupp, one of the world’s largest steel makers, said it had …
The Pennsylvania Insurance Department has a plan to continue furthering its initiatives within the private flood insurance market in 2017. This comes after the North Central part of the state of Pennsylvania saw flooding in many areas outside of identified …
A U.S. government weather forecaster on Thursday said weak La Niña conditions were present but favored to dissipate in the coming months. The National Weather Service’s Climate Prediction Center said in a monthly forecast that conditions were likely to transition …
Insurance losses from last month’s magnitude 7.8 earthquake in New Zealand are likely to range between NZ$1.0 to 5.0 billion (US$705 million and US$3.5 billion), according to a report published by Impact Forecasting, Aon Benfield’s catastrophe model development team. At …
There could be more political surprises coming after the U.S. election of Donald Trump and Britain’s vote to exit from the European Union but one leading insurance executive isn’t too worried. “I don’t think Brexit is going to have nearly …
Lawmakers on Tuesday discussed the idea of merging embattled New Jersey Transit with other state agencies to save money to use for road, bridge and rail projects, and heard from experts about safety upgrades following a fatal rail accident in …
Johnson & Johnson will challenge the fairness of a trial that produced a verdict of $1 billion in damages against the company last week over allegations of design flaws in its Pinnacle hip implant. Although legal experts think J&J faces …
Odell Studner, a King of Prussia, Penn., based provider of risk consulting and insurance brokerage services to middle market companies, has hired Linda Pittounicos as director of personal lines. In this role, Pittounicos will be responsible for managing and growing …
The MEMIC Group, a Portland, Maine, headquartered workers’ compensation specialist, has promoted Chris Abboud to senior underwriter and has also promoted Eileen Moran Fongemie to vice president of finance and assistant treasurer. Abboud began his career in the insurance industry …
JenCap Holdings LLC, a New York-headquartered consolidator of specialty insurance distribution and program management businesses, has agreed to acquire privately held NIF Group Inc. (NIF), a managed general agency, program administrator and wholesale insurance broker based in Manhasset, New York. …
