Insurance broker WTW has launched specialist cyber coverage for ports and terminals, called CyNav. Designed to address the specific cyber threats faced by port and terminal owners and operators, CyNav provides both flexible and tailored cover for business interruption losses …
Credit Agricole Italy is interested in investing in the insurance activities of Banco BPM, the French banking group’s Italy head said on Monday. Banco BPM has exercised a call option to gain full ownership of its insurance joint-venture with France’s …
Alliant Insurance Services Hires Hunter Johnson Alliant Insurance Services hired Hunter Johnson as vice president, growing its presence in the Midwest region. Based in Springfield, Missouri, Johnson will deploy his broad expertise in workers’ compensation, alternative risk financing, and complex …
The personal information of more than half a million Chicago Public Schools students and staff was compromised in a ransomware attack last December, but the vendor didn’t report it to the district until last month, officials said. The data breach …
Following its successful placement of green bonds in 2020 and 2021, Munich Re has successfully placed its first green subordinated bond in a private placement to qualified institutional buyers in the U.S. market. By issuing this bond in the globally …
A Roselle, Illinois contractor’s history of violating federal safety standards and ignoring safety citations and penalties – and a willingness to expose its workers to serious injuries or worse – continues, as federal inspectors found during their Nov. 8, 2021, …
MS Amlin Underwriting Ltd. (MS AUL), the Lloyd’s re/insurer, announced a partnership with insurtech Altelium to offer a construction all-risk and operational all-risk insurance solution for battery energy storage systems (BESS), as part of its commitment to supporting sustainability. Altelium …
Banks and insurers which fail to properly manage climate risks could face a 10% to 15% hit to annual profits and higher capital requirements, the Bank of England said on Tuesday. In its first comprehensive stress test of how Britain’s …
The Diocese of Rochester, New York, and its insurers have submitted a proposal to bankruptcy court to settle 471 sexual abuse claims against them for $147 million. The settlement includes $107,750,000 from insurers and $40,500,000 from the Catholic diocese and …
Vermont Gov. Phil Scott has signed legislation into law that creates an advisory committee to make recommendations on how to spend the state’s share of settlement money with drug manufacturers and distribution companies over the toll of prescription opioids. The …