News – Insurance Journal

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22 11, 2021

UK Competition Regulator Ends Probe Into Gallagher’s Planned Purchase of Willis Re

By | November 22nd, 2021|Uncategorized|Comments Off on UK Competition Regulator Ends Probe Into Gallagher’s Planned Purchase of Willis Re

Britain’s competition watchdog said on Monday it will not refer insurance broker Arthur J Gallagher & Co’s planned $3.25 billion purchase of Willis Towers Watson’s treaty reinsurance brokerage business to an in-depth investigation. The Competition and Markets Authority said it …

22 11, 2021

Wind Turbine Maker Vestas’ Shares Drop as Cyber Attack Risks Output Delays

By | November 22nd, 2021|Uncategorized|Comments Off on Wind Turbine Maker Vestas’ Shares Drop as Cyber Attack Risks Output Delays

Shares in Vestas Wind Systems A/S dropped to a two-week low after one of the world’s top makers of wind turbines was hit by a cyber attack. The Danish company said data was compromised, but that there are no signs …

22 11, 2021

Report: Texas Still at Risk of Winter Power Failures

By | November 22nd, 2021|Uncategorized|Comments Off on Report: Texas Still at Risk of Winter Power Failures

Texas is still at risk of power blackouts this winter in the event of extreme weather like the catastrophic February storm that buckled the state’s electrical grid and left millions of people without heat for days, the nation’s grid monitor …

22 11, 2021

Amazon and Its Algorithms Blamed for Crashes by Delivery Drivers

By | November 22nd, 2021|Uncategorized|Comments Off on Amazon and Its Algorithms Blamed for Crashes by Delivery Drivers

Ans Rana was in the back seat of his brother’s Tesla Model S when they stopped behind a disabled car just before 9 p.m. on Atlanta’s busy Interstate 75. Seconds later, a blue Amazon.com Inc. delivery van slammed into them …

22 11, 2021

Fertilizer-Maker Yara to Debut World’s 1st Autonomous Electric Container Ship

By | November 22nd, 2021|Uncategorized|Comments Off on Fertilizer-Maker Yara to Debut World’s 1st Autonomous Electric Container Ship

OSLO – The world’s first fully electric and self-steering container ship, owned by fertilizer maker Yara, is preparing to navigate Norway’s southern coast and play its part in the country’s plans to clean-up its industry. The Yara Birkeland, an 80-meter-long …

22 11, 2021

Apollo’s Syndicate 1971 to Open for Trading in 2022

By | November 22nd, 2021|Uncategorized|Comments Off on Apollo’s Syndicate 1971 to Open for Trading in 2022

Apollo Syndicate Management, the independent specialist insurer and reinsurer, announced it has received Lloyd’s approval to establish and manage ibott Syndicate 1971 for the 2022 year of account. It has also been granted permission to underwrite in accordance with the …

22 11, 2021

Insureds May be Cooling to Digital Claims Experience

By | November 22nd, 2021|Uncategorized|Comments Off on Insureds May be Cooling to Digital Claims Experience

Policyholders are starting to pull back from digital channels as the COVID-19 pandemic eases and revert to in-person ways to file insurance claims, a senior executive at Zurich Insurance Group told the Reuters Connected Claims USA event this week. The …

22 11, 2021

Independent Agents Can Access Tech Training, Tools with Catalyit

By | November 22nd, 2021|Uncategorized|Comments Off on Independent Agents Can Access Tech Training, Tools with Catalyit

Independent agent associations in seven states have teamed up with the technology company Catalyit to help agencies assess and improve their use of data and technological innovations in the insurance arena. “Every day, agents reach out to FAIA with questions, …

22 11, 2021

Texas High School Band Bus Crash Kills 3

By | November 22nd, 2021|Uncategorized|Comments Off on Texas High School Band Bus Crash Kills 3

The three men killed in a fiery West Texas crash involving a school bus carrying members of a high school band included the band director, the Texas Department of Public Safety said Saturday. Andrews High School band director Darin Johns, …

29 11, 2021

As COVID Spread, European P/C Insurers Took Hits but Remained Resilient: AM Best

By | November 29th, 2021|Uncategorized|Comments Off on As COVID Spread, European P/C Insurers Took Hits but Remained Resilient: AM Best

European property/casualty insurers faced a dip in total average gross written premium and after-tax profit in 2020, but their regulatory solvency ratios remained strong. Pandemic factors generally played a role in both elements, according to a new AM Best market …