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29 09, 2020

MGA New Paradigm Aims to Bridge the Natural Catastrophe Protection Gap

By | September 29th, 2020|Uncategorized|Comments Off on MGA New Paradigm Aims to Bridge the Natural Catastrophe Protection Gap

Evan Glassman saw a gap in the property insurance market—literally. Glassman, working as a retail producer in south Florida for most of his career, realized that the insurance industry’s products were not fully addressing the needs of commercial property insurance …

28 09, 2020

Insurer Ping An Taps Rising Demand for Chinese Assets with Offshore Management Arm

By | September 28th, 2020|Uncategorized|Comments Off on Insurer Ping An Taps Rising Demand for Chinese Assets with Offshore Management Arm

Ping An Insurance (Group) Co., China’s largest insurer by market value, is tapping growing global demand for Chinese assets to expand its offshore asset management business as competition with foreign entrants intensifies. The overseas asset management arm aims to increase …

28 09, 2020

Mississippi Receives $23M in Federal Funds for Flood Relief

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Mississippi has received nearly $23 million in emergency relief funds from the U.S. Department of Transportation to repair federal roadways that were damaged by severe flooding. U.S. Sen. Cindy Hyde-Smith announced the five Federal Highway Administration awards on Thursday, according …

28 09, 2020

Florida Peninsula Promotes Gonzalez to Director of Agency Support

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The Florida Peninsula Insurance family of companies, which includes Edison Insurance Co., has promoted Mariella Gonzalez to director of Agency Support. In addition to her current role as director of Community Involvement, Gonzalez will now oversee all agent support functions …

28 09, 2020

Beazley Expands Life Sciences Insurance Offering in UK

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Specialist insurer Beazley has enhanced its life sciences insurance offering in the UK with the launch of a new policy designed to protect the sector’s small and start-up research & development-focused organizations. This follows the UK launch of Beazley’s internationally …

28 09, 2020

Munich Re Subsidiary NewRe Names Braune as CEO, Succeeding Strasser

By | September 28th, 2020|Uncategorized|Comments Off on Munich Re Subsidiary NewRe Names Braune as CEO, Succeeding Strasser

New Reinsurance Co. Ltd., a wholly owned subsidiary of Munich Re, announced that its board of directors appointed Dr. Thomas Braune as its new chief executive officer. Braune will assume his new role on Oct. 1, 2020, succeeding Dr. Renate …

28 09, 2020

Wildfire Forces Home, Hospital Evacuations in California’s Napa Valley Wine Area

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A wind-driven wildfire erupted on Sunday in the heart of northern California’s Napa Valley wine country to spread across nearly 2,000 acres (809 hectares), forcing the evacuation of a hospital and hundreds of homes, authorities said. Fire crews were out …

28 09, 2020

Even Failed Claims Against Nurses Cost Insurers $20K, Liability Study Shows

By | September 28th, 2020|Uncategorized|Comments Off on Even Failed Claims Against Nurses Cost Insurers $20K, Liability Study Shows

Liability claims that involve nurses cost an average of $210,513 if a large indemnity payment is made, but even claims that are dropped, defeated or dismissed end up costing more than $20,000, according to a report released by CNA and …

28 09, 2020

Major U.S. Tech Firms Look to Be Ignoring Europe’s Data Privacy Rules

By | September 28th, 2020|Uncategorized|Comments Off on Major U.S. Tech Firms Look to Be Ignoring Europe’s Data Privacy Rules

Technology firms’ compliance with European restrictions on transatlantic data transfers is shockingly poor, Austrian privacy campaigner Max Schrems said on Monday, publishing a survey of companies including Facebook and Netflix. The Court of Justice of the European Union (CJEU) ruled …

28 09, 2020

Police Say Connecticut Workplace Shooter Extradited, Charged with Assault

By | September 28th, 2020|Uncategorized|Comments Off on Police Say Connecticut Workplace Shooter Extradited, Charged with Assault

A truck driver accused of shooting his boss and wounding another person outside a Connecticut industrial building was charged Wednesday with assault and other crimes after being brought back from Massachusetts, where police arrested him at gunpoint on a highway. …