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24
06, 2016
Re/Insurance Business Leaders Begin to Comment on Brexit
The UK joined the European Union in January 1973, and yesterday, the UK public voted to leave. After 43 years of marriage, the divorce proceedings will soon begin. No one knows how long it will take for the UK to …
28
06, 2016
Ironshore’s Pembroke Agency Adds Cyber Coverage to Financial Institution Crime Policies
Ironshore’s Pembroke Managing Agency Limited has updated its Financial Institutions Crime program to include cyber fraud and cyber extortion. Pembroke’s crime coverage for Financial Institutions indemnifies a company for direct financial loss resulting from internal and external fraud incidents. The …
29
06, 2016
Study: Economic Costs of Pandemic in U.S. Could Be $34-45 Billion
A pandemic influenza outbreak in the United States could have economic costs nearly double the total amounts experts have previously calculated, depending on how the public, government and businesses respond to an epidemic, according to policy and risk experts in …
29
06, 2016
Global Insurance Premiums up 3.8% in 2015, Despite Trade Slowdown: Swiss Re
Despite a challenging business environment and global trade slowdown in 2015, global direct premiums written grew by 3.8 percent in real terms, up from 3.5 percent in 2014, according to Swiss Re’s latest sigma report. However, in nominal US dollar …
23
06, 2016
Democratic Senators Oppose Health Insurer Mergers
Seven Democratic senators urged the U.S. Justice Department on Wednesday to block two mergers of major health insurance companies, saying that the proposed deals would mean higher premiums and lower-quality healthcare for consumers. The department is reviewing Aetna Inc.’s $33 …
28
06, 2016
Colorado City Settles Discrimination Claim from Former Employee
The city of Boulder, Colo. has agreed to pay $64,000 to settle a lawsuit filed by a former employee who says she was discriminated against after coming out as a lesbian. The Daily Camera reported that city officials on Friday said …
29
06, 2016
How U.S. and EU Differ in Handling Volkswagen Diesel Scandal
If you own a Volkswagen with a diesel engine in the U.S., the company will buy back your car and give you as much as $10,000. If you drive in Europe, you may only get a piece of pipe. As part …
29
06, 2016
The Hartford’s Berner Joins Allied World’s Pubic D&O Team
Allied World Assurance Co. has appointed Marc Berner to its North American Public Directors and Officers (D&O) underwriting team. Berner will be based in New York in the role of vice president, Public and Private Financial Institutions, D&O. Berner has …
24
06, 2016
XL Group’s Shareholders Approve Move to Bermuda from Ireland
XL Group plc announced that its ordinary shareholders have approved a scheme of arrangement that will change the place of incorporation of the ultimate parent holding company to Bermuda from Ireland, which is expected to be completed in the third …
28
06, 2016
2 North Texas-Area Facilities Fined by Federal Safety Regulators
Federal safety regulators have fined two different companies over safety violation in facilities located in North Texas. The federal Occupational Safety and Health Administration fined steel fabricator, K-T Galvanizing Company Inc., $53,200 for 13 serious violations found in its facility …