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07, 2016
Texas Companies Fined $120K for Safety Violations, Workplace Hazards
Unsafe working conditions have landed combined fines of more than $120,000 for two companies operating in the Texas oil and gas sector. Exterran Energy Solutions LP and South Texas Specialty Welders LLC were cited by federal safety regulators for violations at …
13
07, 2016
Zurich’s Kevelighan to Succeed Hartwig as Insurance Information Institute CEO
The Insurance Information Institute (I.I.I.) announced that Sean Kevelighan, most recently with Zurich Insurance, has been named president and chief executive officer, effective Aug. 8. Kevelighan brings with him 18 years of public affairs, communications and media relations experience, including …
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07, 2016
Cyber Liability Expert Holmes Joins ID Experts in Oregon
Portland. Ore.-based ID Experts has named Kimberly Holmes senior vice president and counsel in cyber insurance, liability and emerging risks. Holmes will be responsible for overseeing cyber and insurance litigation developments, as well as the corresponding cyber liability and enforcement …
13
07, 2016
Jaguar Land Rover to Test Fleet of Autonomous Cars in England by 2020
Britain’s biggest carmaker Jaguar Land Rover said it will create a fleet of more than 100 research vehicles over the next four years to test autonomous and connected technology, with the first models to hit the streets later this year. …
13
07, 2016
Chubb Estimates Q2 Cat Losses to Rise 54% from Q1 2016
Property and casualty insurer Chubb Ltd. estimated natural catastrophe losses for the second quarter to be about 54 percent higher than the first quarter, indicating another quarter of high losses due to natural disasters for insurers. Multiple weather events in …
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07, 2016
Insurers, Banks & Pension Funds ‘Must Address’ Climate Risk Exposures
The world’s insurers, banks and pension funds are “inherently susceptible” to threats from climate change and must make adjustments, from shifting investment toward environmentally friendly industries to revamping strategies to reduce risk, said the Global Risk Institute. “Climate change is …
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07, 2016
Storms & Earthquakes Drive Up Insured Losses in 1H 2016: Munich Re
Economic losses caused by natural catastrophes in the first half of 2016 totaled US$70 billion, a significant increase from the $59 billion reported for the first half of last year, according to a loss review issued by Munich Re. While …
13
07, 2016
BHSI Launches Insurance Products for Directors & Officers in Asia
Berkshire Hathaway Specialty Insurance Co. (BHSI) is expanding its executive & professional lines capabilities in Asia with the introduction of Executive First™ Public Offering of Securities Insurance (POSI) and Executive First™ Side A Difference in Conditions (DIC) liability insurance. “We are …
13
07, 2016
Tokio Marine Kiln Completes Integration by Restructuring Underwriting Divisions
Tokio Marine Kiln (TMK) has completed the final stage of its integration by restructuring its underwriting divisions along sector lines. The new structure will offer clients access to both Lloyd’s and company paper with underwriting divisions now capable of writing …
13
07, 2016
Europe Insurers’ Stress Tests Could Lead to Higher Capital Requirements
European insurers, whose profits are being eroded by Mario Draghi’s* quantitative easing program, face a stress test headache that risks requiring them to set aside more capital, further hurting their ability to make money. The timing of the regulator’s “stress …