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17 09, 2020

Arcadian Risk Starts New Underwriter in Bermuda With Third Point Re Backing

By | September 17th, 2020|Uncategorized|Comments Off on Arcadian Risk Starts New Underwriter in Bermuda With Third Point Re Backing

Arcadian Risk Capital is launching as a new underwriting operation based in Bermuda that will initially underwrite excess casualty and professional lines insurance. Arcadian said it has received its licence from the Bermuda Monetary Authority and will operate as a …

17 09, 2020

Rental Car Company to Pay $80K in Penalties, Implement Reforms Over Fraud Allegations

By | September 17th, 2020|Uncategorized|Comments Off on Rental Car Company to Pay $80K in Penalties, Implement Reforms Over Fraud Allegations

A discount car rental company operating out of Newark and JFK Airports has agreed to pay $80,000 in penalties, enter binding arbitration to resolve consumer complaints and change its policies and practices following New Jersey Attorney General Gurbir S. Grewal …

17 09, 2020

U.S. Prosecutors Charge 7 in Alleged Multi-Target Chinese Hacking Scheme

By | September 17th, 2020|Uncategorized|Comments Off on U.S. Prosecutors Charge 7 in Alleged Multi-Target Chinese Hacking Scheme

The U.S. Justice Department said on Wednesday it has charged five Chinese residents and two Malaysian businessmen in a wide-ranging hacking effort that encompassed targets from video games to pro-democracy activists. Federal prosecutors said the Chinese nationals had been charged …

17 09, 2020

Sompo’s Davis Named President of Canopius USA as It Eyes Expansion

By | September 17th, 2020|Uncategorized|Comments Off on Sompo’s Davis Named President of Canopius USA as It Eyes Expansion

Specialty insurer Canopius Group has appointed Lisa Davis to the new position of president and chief underwriting officer of Canopius USA, effective October 1. Davis joins Canopius from Sompo America Insurance Services, where she has served as executive vice president, …

17 09, 2020

Moody’s Says Property/Casualty Insurers Face Significant Losses from Western Wildfires

By | September 17th, 2020|Uncategorized|Comments Off on Moody’s Says Property/Casualty Insurers Face Significant Losses from Western Wildfires

Dozens of wildfires raging in California, Oregon, Washington and other Western states have resulted in loss of life, damaged or destroyed about 9,657 homes and commercial structures and burned more than 5 million acres, according to the National Interagency Coordination …

17 09, 2020

Fitness Centers in California Suing State Over Virus Closures

By | September 17th, 2020|Uncategorized|Comments Off on Fitness Centers in California Suing State Over Virus Closures

California fitness centers have filed a lawsuit alleging Gov. Gavin Newsom’s measures aimed at curbing the spread of the coronavirus unfairly target the industry and are demanding they be allowed to reopen. The California Fitness Alliance, which represents nearly 300 …

17 09, 2020

Ryan Specialty Group Names Cortezi, Nichols to Lead RSG Underwriting Managers

By | September 17th, 2020|Uncategorized|Comments Off on Ryan Specialty Group Names Cortezi, Nichols to Lead RSG Underwriting Managers

Ryan Specialty Group has made two key appointments at its managing underwriting division, RSG Underwriting Managers. Nick Cortezi has been named chairman and chief executive officer of RSG Underwriting Managers and Matt Nichols has been named president. Both Nick Cortezi …

17 09, 2020

Orloff to Replace Kelly as Head of Liberty Mutual Field Operations for Commercial Lines

By | September 17th, 2020|Uncategorized|Comments Off on Orloff to Replace Kelly as Head of Liberty Mutual Field Operations for Commercial Lines

Liberty Mutual announced that Marc Orloff has been named president, North American Field Operations, Global Risk Solutions (GRS) North America. Orloff replaces Shaun Kelly, who the company said has decided to leave the company. Kelly was named president of GRS …

17 09, 2020

22 Injured in Crane Accident in Austin, Texas

By | September 17th, 2020|Uncategorized|Comments Off on 22 Injured in Crane Accident in Austin, Texas

A “crane collision” on Sept. 16 injured nearly two dozen people in a rapidly growing neighborhood in Austin, Texas, authorities said. Austin-Travis County EMS reported there were at least 22 injuries. Sixteen people were transported to the hospital, ATCEMS said …

17 09, 2020

Damage from Violence in Kenosha, Wisconsin, Tops $11M

By | September 17th, 2020|Uncategorized|Comments Off on Damage from Violence in Kenosha, Wisconsin, Tops $11M

Kenosha, Wisconsin’s fire chief says damage from the unrest over the police shooting of Jacob Blake has now topped $11 million. Fire Chief Charles Leipzig told the Police and Fire Commission the record fire loss came in the days following …