This wrap-up of international People Moves includes appointments at Allianz Global Corporate & Specialty (AGCS); HDI Global SE UK & Ireland, and Amwins Global Risks. A summary of these new hires follows here. Scott Sayce will join Allianz Global Corporate …
The U.S. property/casualty (P/C) industry saw its net underwriting income fall in first-quarter 2021 by 53% as compared with the same prior-year period, according to preliminary financial results analyzed by AM Best. Increases in incurred losses, loss adjustment expenses and …
AM Best has revised the outlooks to negative from stable and affirmed the financial strength rating of A- (excellent) and the long-term issuer credit ratings of “a-” (excellent) of New London County Mutual Insurance Company, Hingham Mutual Fire Insurance Company, …
Hackers infiltrated computer systems for the Metropolitan Transportation Authority in New York, setting off a scramble to counter a potentially crippling cyberattack against North America’s largest transit system, MTA officials confirmed on Wednesday. The officials said in a statement that …
A jury must decide whether a grocery store should be held liable for a collision between a vendor’s snack food cart and a shopper riding an electric scooter, a judge ruled Wednesday. Superior Court Judge Jan Jurden refused to grant …
Russian President Vladimir Putin said a key stage of a gas pipeline to Germany that the U.S. targeted for sanctions had been carried out, ahead of his summit with counterpart Joe Biden. “I’m happy to say that today, two and …
Parents of a Twin Falls middle school student have filed a tort claim against the school district, contending that the girl was injured after a teacher instructed his students to push her down concrete stairs as part of a reenactment …
Board members at Casa Latina, a decades-old organization founded to empower immigrant workers and provide job and educational opportunities, has announced it will investigate the handling of sexual harassment and assault allegations at the company. The board received complaints related …
A lawsuit against the Utah Jazz by a fan who was banned for life from the team’s arena over what were called racial taunts directed at point guard Russell Westbrook was dismissed by a judge, according to court documents. Shane …
With the cyber risk hazard environment—ransomware, business interruption and aggregation—worsening significantly, “prospects for the U.S. cyber insurance market are grim,” according to an AM Best report. According to the global rating agency’s analysts, insurers “urgently need to reassess all aspects …