News Archives - Insurance Journal

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6 07, 2022

People Moves: MS Amlin Names Liberty Mutual’s Baxter as Head of Reinsurance; DUAL Hires HDI’s Biemann for Cyber; Gallagher Re Taps Swiss Re’s Kreutzer for Nordic Region

By | July 6th, 2022|Uncategorized|Comments Off on People Moves: MS Amlin Names Liberty Mutual’s Baxter as Head of Reinsurance; DUAL Hires HDI’s Biemann for Cyber; Gallagher Re Taps Swiss Re’s Kreutzer for Nordic Region

This edition of International People Moves details appointments at MS Amlin, DUAL Europe, and Gallagher Re. A summary of these new hires follows here. MS Amlin Names Liberty Mutual’s Baxter as Head of Reinsurance, Deputy CUO MS Amlin Underwriting Ltd. …

6 07, 2022

Heavy Rains Ease Over Sydney but Floods Continue to Force Evacuations

By | July 6th, 2022|Uncategorized|Comments Off on Heavy Rains Ease Over Sydney but Floods Continue to Force Evacuations

A wild storm system that has pounded parts of Sydney with torrential rain for four days has moved away from the city, satellite images showed on Wednesday, although rivers remained above danger levels, forcing more evacuations. In Australia’s third major …

6 07, 2022

Louisiana Extends Ida Mediation Program Through End of 2022

By | July 6th, 2022|Uncategorized|Comments Off on Louisiana Extends Ida Mediation Program Through End of 2022

Louisiana’s Hurricane Ida Mediation Program is being extended through December 31, 2022, Louisiana Insurance Commissioner Jim Donelon announced. The voluntary Hurricane Ida Mediation Program, which is open to authorized property and casualty insurers and surplus lines insurers, was created to …

6 07, 2022

Nonprofit’s Lawsuit Seeks Access to Baltimore Police Records

By | July 6th, 2022|Uncategorized|Comments Off on Nonprofit’s Lawsuit Seeks Access to Baltimore Police Records

A lawsuit recently filed by a Baltimore nonprofit alleges the city department that handles police records is improperly shielding police misconduct documents. The suit brought by the transparency advocacy group Open Justice Baltimore and two journalists alleges the Baltimore Law …

6 07, 2022

Tesla Software Glitch Affects 59,000 Vehicles Globally: German Road Traffic Agency

By | July 6th, 2022|Uncategorized|Comments Off on Tesla Software Glitch Affects 59,000 Vehicles Globally: German Road Traffic Agency

FRANKFURT – Germany’s road traffic agency said it was recalling Tesla models Y and 3 because of a fault in the automatic emergency call system that affects 59,000 vehicles globally. The KBA watchdog said on its website dated June 29 …

6 07, 2022

UK Travel Insurance Policies May Not Cover Flight Disruptions Due to Strikes: Report

By | July 6th, 2022|Uncategorized|Comments Off on UK Travel Insurance Policies May Not Cover Flight Disruptions Due to Strikes: Report

Insurance may not save you from summer travel misery. Four in 10 policies don’t protect against strikes, the UK consumer watchdog Which? reported in its annual review. If your airline goes bankrupt, only half will refund your holiday costs. The …

6 07, 2022

EU Lawmakers Pass Landmark Rules to Rein in Tech Giants, but Enforcement a Concern

By | July 6th, 2022|Uncategorized|Comments Off on EU Lawmakers Pass Landmark Rules to Rein in Tech Giants, but Enforcement a Concern

EU lawmakers gave the thumbs up on Tuesday to landmark rules to rein in tech giants such as Alphabet unit Google, Amazon, Apple, Facebook and Microsoft, but enforcement could be hampered by regulators’ limited resources. In addition to the rules …

6 07, 2022

25 Years: The Journey of Cyber Insurance

By | July 6th, 2022|Uncategorized|Comments Off on 25 Years: The Journey of Cyber Insurance

While young underwriters may think that cyber insurance is a recent coverage innovation, the line is actually more than two decades old. Here, Kurtis Suhs, a veteran of the cyber insurance industry who served as an investigator and criminal coordinator …

6 07, 2022

Del Vecchio’s Successor Shares Same Vision for Building Generali Into European Leader

By | July 6th, 2022|Uncategorized|Comments Off on Del Vecchio’s Successor Shares Same Vision for Building Generali Into European Leader

Leonardo Del Vecchio’s right-hand man was named on Monday to succeed the Italian billionaire — who died last week — as chairman of the family’s Delfin holding company. Francesco Milleri, the 63-year-old appointed on June 28 to follow Del Vecchio …

6 07, 2022

Europe’s Landmark Test of Banks’ Resilience to Climate Risk Is Softer Than Expected

By | July 6th, 2022|Uncategorized|Comments Off on Europe’s Landmark Test of Banks’ Resilience to Climate Risk Is Softer Than Expected

Europe’s landmark test of banks’ resilience to global warming was far softer than many lenders had expected, according to people familiar with the matter. Even the toughest hypothetical scenarios in the European Central Bank’s climate stress test didn’t result in …