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CFC Launches Cyber Policy for U.S. Healthcare Providers
Specialist lines underwriting agency, CFC, has extended its cyber product suite with the launch of a new policy developed specifically for U.S. healthcare providers. According to CFC’s Cyber Practice Leader, Vicky Paxton, “Healthcare companies have arguably become the largest target …
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Federal Court Rules Against Religious Groups Over Birth Control Coverage Opt-Out
Religious nonprofit groups must formally opt out of a U.S. health-care mandate if they wish to avoid a requirement that employers provide health-insurance coverage for birth control, a federal appeals court said. The decision is the second win for President …
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High Winds, Tornadoes Damage Parts of Midwest
Several Midwest states have been hit with damaging winds, tornadoes and flooding over the past several days. Forecasters say at least four unconfirmed tornadoes may touched down in western Minnesota when strong storms moved through the state. In Indiana, residents …
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International Underwriting Association Elects New Market Committee Leaders
The London-based International Underwriting Association’s new Delegated Authority Underwriting Group has held its first meeting and elected Paul Rich of Inter Hannover as its chairman. Matt Gordon of Aviva has been appointed deputy chairman. The group was established in response …
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NYC Reaches $5.9M Settlement in Eric Garner Chokehold Death Case
New York City reached a $5.9 million settlement with the family of an unarmed black man who died after being put in a choke-hold by a police officer. Eric Garner’s death in a confrontation over the sale of loose cigarettes …
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Willis Dealmaker Walkiewicz Hires Shea for Capital Markets Role
Willis Group Holdings Plc has hired Brian Shea as head of Europe for the investment banking division as the insurance broker seeks to arrange more deals. Shea, 49, joins from reinsurer SCOR SE. He was previously the head of the European …
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A.M. Best: Volatility of China Stock Market Not Expected to Hit Insurer Ratings
The recent volatility of China’s stock market is not expected to affect the ratings of domestic insurers, according to a new briefing issued by A.M. Best. Putting the volatility into context, A.M. Best noted that the Shanghai Composite Index fell sharply, …
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Typhoon Nangka Continues on Course towards Japan: AIR Analysis
Catastrophe modeling firm AIR Worldwide has released an analysis of Typhoon Nangka, which is currently a Category 3 storm “with a central pressure of 950 mb and maximum 10-minute sustained wind speeds of 80 knots (~106 mph 1-minute sustained). The …
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Risk Strategies Acquires MacCorkle in Northern California
Risk Strategies Co. has acquired MacCorkle Insurance Service in Burlingame, Calif. The terms of the deal were not disclosed. Bernard Lauper, CEO, and Keith Fujishige, principal, will remain with the combined firm, as will their respective teams. MacCorkle provides health …
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FBI: Global Criminal Hacker Forum Darkcode Shut Down
The U.S. Department of Justice and FBI said today that they have shut down the underground computer hacking forum known as Darkode and filed criminal charges against 12 individuals associated with the forum. The FBI called the site one of …
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