Uncategorized

/Uncategorized
26 07, 2022

People Moves: Howden RE Hires Former Carpenter Exec Thienel to Launch German Unit; MGA Alta Signa Appoints Kisters as Professional Indemnity Manager, Netherlands

By | July 26th, 2022|Uncategorized|Comments Off on People Moves: Howden RE Hires Former Carpenter Exec Thienel to Launch German Unit; MGA Alta Signa Appoints Kisters as Professional Indemnity Manager, Netherlands

This edition of International People Moves details appointments at the broker Howden RE and the MGA Alta Signa Europe. A summary of these new hires follows here. Howden RE Hires Former Carpenter Exec Thienel to Launch German Reinsurance Unit Howden …

28 07, 2022

Global Natural Disasters Cost Insurers $34 Billion in H1 2022: Munich Re

By | July 28th, 2022|Uncategorized|Comments Off on Global Natural Disasters Cost Insurers $34 Billion in H1 2022: Munich Re

Global natural disasters during the first half of 2022 cost insurers about US$34 billion, which covered a little more than half of the overall $65 billion in losses from floods, earthquakes, and storms during the first six months, according to …

26 07, 2022

Tesla’s Phantom Brake Problem Exposes Need for Human Audits of Machine-Read Data

By | July 26th, 2022|Uncategorized|Comments Off on Tesla’s Phantom Brake Problem Exposes Need for Human Audits of Machine-Read Data

“Slamming on the brakes” is often a blaming moment. Someone most likely was not paying attention to conditions, but is that always the case? In the case of usage-based insurance models, which determine an individual driver’s rates based on patterns …

28 07, 2022

Maryland Man Died When Hit on Road After Lyft Driver Ordered Him Out of Car: Police

By | July 28th, 2022|Uncategorized|Comments Off on Maryland Man Died When Hit on Road After Lyft Driver Ordered Him Out of Car: Police

A Maryland man has died after police say his Lyft driver ordered him out of the car in the middle of a Delaware highway. Delaware State Police say the crash occurred Sunday around 2 a.m. A group of six friends …

25 07, 2022

Missouri Limestone Quarry to Pay $210K EPA Penalty

By | July 25th, 2022|Uncategorized|Comments Off on Missouri Limestone Quarry to Pay $210K EPA Penalty

Trager Limestone LLC, which operates the Nettleton Limestone Quarry in Caldwell County, Missouri, has agreed to pay a $210,000 civil penalty and perform watershed restoration at a cost of over $300,000, as part of a settlement with the federal government. …

28 07, 2022

AmTrust Title Agrees to Pay $1.25M to New York State Over ‘No-Poach’ Agreements

By | July 28th, 2022|Uncategorized|Comments Off on AmTrust Title Agrees to Pay $1.25M to New York State Over ‘No-Poach’ Agreements

A title insurer and its agency have agreed to pay $1.25 million in penalties for engaging in “no-poach” agreements with their competitors in likely violation of New York State labor laws. According to New York Attorney General Letitia James, as …

25 07, 2022

New Orleans Approves Some Police Use of Facial Recognition

By | July 25th, 2022|Uncategorized|Comments Off on New Orleans Approves Some Police Use of Facial Recognition

The New Orleans City Council has reversed itself and approved police use of facial recognition software and cellphone surveillance towers to investigate violent crimes. The ordinance, approved by the council on a 4-to-2 vote Thursday, comes as killings in the …

28 07, 2022

California City Paying $1.5M to Fired Police Chief After Verdict

By | July 28th, 2022|Uncategorized|Comments Off on California City Paying $1.5M to Fired Police Chief After Verdict

The Oakland City Council approved a $1.5 million payout for a former police chief who won her whistleblower claim against the city after she alleged she was fired for calling out unethical behavior by the civilian commission that oversees the …

25 07, 2022

Insurers Weigh Covering Ukraine Grain Shipments After Deal to Re-open Black Sea Ports

By | July 25th, 2022|Uncategorized|Comments Off on Insurers Weigh Covering Ukraine Grain Shipments After Deal to Re-open Black Sea Ports

A number of insurance underwriters are interested in providing cover for grain shipments from Ukraine after an agreement was reached to re-open Black Sea ports, although the first shipments are expected to be weeks away, industry sources said on Friday. …

28 07, 2022

Chubb Increases Loss Cost Trends ‘Rather Than Be Lagging and Get Caught’: Greenberg

By | July 28th, 2022|Uncategorized|Comments Off on Chubb Increases Loss Cost Trends ‘Rather Than Be Lagging and Get Caught’: Greenberg

Chubb CEO Evan Greenberg said the insurer is seeing favorable returns, but additional rate is needed to “keep pace with loss costs, which are hardly benign.” Greenberg said during the July 27 call to discuss second-quarter earnings that Chubb has …