16 04, 2021

People Moves: Chubb Appoints Execs in Construction, A&H; Hippo Adds to Legal & Compliance; Alleyne Named Chief Legal Officer at Munich Re US

By | April 16th, 2021|Uncategorized|Comments Off on People Moves: Chubb Appoints Execs in Construction, A&H; Hippo Adds to Legal & Compliance; Alleyne Named Chief Legal Officer at Munich Re US

Chubb has appointed Lyndsey Christofer as executive vice president, Construction Industry Practice Leader for its large account segment. In this capacity, she will oversee a team of construction underwriting and service specialists across multiple lines of business. In addition, she …

16 04, 2021

Connecticut Reminds Insurers to Avoid Discriminatory Practices with Big Data

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Connecticut Insurance Department (CID) Commissioner Andrew N. Mais issued a formal notice to insurers licensed by the department that their use of technology and big data must be in full compliance with federal and state anti-discrimination laws. The notice, issued …

16 04, 2021

Ohio Supreme and 8th Circuit Mull Whether COVID Can Cause Direct Physical Loss

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Two appellate courts took steps this week toward answering a key question that may seal the fate of some 1,500 lawsuits seeking insurance coverage for COVID-19-related business-interruption losses: Does the presence of the SARS-CoV-2 virus or civil orders issued because …

16 04, 2021

Viewpoint: The Cold, Hard Truth About Florida Litigation

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Greater clarity came this week from the National Association of Insurance Commissioners (NAIC) via Florida Commissioner David Altmaier: Florida has 8% of all homeowners’ claims in the U.S., yet 76% of all homeowners’ claims lawsuits. Boom. In a letter to …

16 04, 2021

New York City Begins $1.5B Project to Protect Manhattan from Floods

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New York City has embarked on a $1.45 billion resiliency project in lower Manhattan along the East River, an area devastated by flooding in 2012 during Hurricane Sandy, Mayor Bill de Blasio said. The city’s East Side Coastal Resiliency project, …

16 04, 2021

Massachusetts Regulators Seek to Revoke Robinhood’s License; Brokerage Sues

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Massachusetts regulators on Thursday sought the revocation of Robinhood’s broker-dealer license after charging that it encourages inexperienced investors to place risky trades without limits, while the online brokerage sued to invalidate a new rule underlying the case. Massachusetts Secretary of …

16 04, 2021

Ex-Allianz CFO Wemmer Plans to Form SPAC to Target Insurance Deals

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Dieter Wemmer, a veteran insurance executive who was chief financial officer at Allianz SE, is launching a blank-check company to target deals in the sector where he worked for more than three decades, people familiar with the matter said. Wemmer …

16 04, 2021

Risk of COVID-19 Exposure on Airlines Drops when Middle Seats Are Empty: Study

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The risk of being exposed to the COVID-19 virus on an airline flight drops by as much as half when airlines keep middle seats open, a new study published by the U.S. government concludes, a safety practice the carriers have …

16 04, 2021

Mississippi Supreme Court Hears Arguments on Marijuana Program

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The Mississippi Supreme Court heard arguments Wednesday in a lawsuit that’s trying to block a voter-approved medical marijuana program by disputing how the issue got onto the ballot. Arguments were not about marijuana. Instead, they were about Mississippi’s initiative process. …

16 04, 2021

California Toughens PG&E Wildfire Safety Oversight

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California officials on Thursday voted to toughen oversight of Pacific Gas & Electric, saying the utility had largely failed to perform required tree-trimming work near power lines in areas with the highest risk of wildfires. The unanimous vote by the …