26 10, 2021

Claims People: Hippo, Chartwell Law, Charles Taylor, CoreLogic

By | October 26th, 2021|Uncategorized|Comments Off on Claims People: Hippo, Chartwell Law, Charles Taylor, CoreLogic

Hippo Taps Hiscox Executive For Claims Digital home insurer Hippo hired a former Hiscox executive to be its first chief claims officer, with a mission to expand claims operations for the now publicly-traded California-based insurtech as it grows nationally. Grace …

27 10, 2021

Ping An Insurance Profit Falls 31.2% as Returns, Premiums Shrink

By | October 27th, 2021|Uncategorized|Comments Off on Ping An Insurance Profit Falls 31.2% as Returns, Premiums Shrink

SHANGHAI/BEIJING — Ping An Insurance Group Co of China Ltd., the country’s largest insurer by market value, posted a 31.2% fall in third-quarter net profit on Wednesday as its premium income shrank on a weak economy and profit was dented …

26 10, 2021

Microsoft: Russian-Backed Hackers Targeting Cloud Services

By | October 26th, 2021|Uncategorized|Comments Off on Microsoft: Russian-Backed Hackers Targeting Cloud Services

RICHMOND, Va. (AP) — Microsoft said Monday the same Russia-backed hackers responsible for the 2020 SolarWinds breach continue to attack the global technology supply chain and have been relentlessly targeting cloud service companies and others since summer. The group, which …

27 10, 2021

As Strikes, Riots and Civil Commotion Risks Increase, Insurers Respond With Exclusions

By | October 27th, 2021|Uncategorized|Comments Off on As Strikes, Riots and Civil Commotion Risks Increase, Insurers Respond With Exclusions

Insurers traditionally have offered protection against strikes, riots and civil commotion (SRCC) at no extra cost, but the increased frequency and severity of these risks means property insurers have begun excluding events of social unrest from policies, according to a …

27 10, 2021

Global Minimum Tax Proposal Could Create Double Taxation for Some Insurers: AM Best

By | October 27th, 2021|Uncategorized|Comments Off on Global Minimum Tax Proposal Could Create Double Taxation for Some Insurers: AM Best

Given the accounting differences for global insurance companies in different jurisdictions, a new global minimum tax on certain multinational companies creates the potential for double taxation for some insurance companies, according to an AM Best commentary. The Organization for Economic …

27 10, 2021

Repairing Mexico City’s Collapsed Metro Could Cost $40M: Grupo Carso

By | October 27th, 2021|Uncategorized|Comments Off on Repairing Mexico City’s Collapsed Metro Could Cost $40M: Grupo Carso

MEXICO CITY – Mexican billionaire Carlos Slim’s Grupo Carso said the cost of repairing a collapsed section of a Mexico City metro rail that caused a fatal accident earlier this year could amount to some 800 million pesos ($40 million). …

27 10, 2021

These Women Are Fighting Cyber Crime and Cybersecurity’s Gender Divide

By | October 27th, 2021|Uncategorized|Comments Off on These Women Are Fighting Cyber Crime and Cybersecurity’s Gender Divide

Growing ransomware attacks aren’t the only issue concerning the cybersecurity industry today, according to experts on this episode of The Insuring Cyber Podcast. Another concern within the cybersecurity workforce is the gender gap. “I do believe that whatever we have …

27 10, 2021

Risk Strategies Acquires New Jersey’s Corrigan Johnston Risk Advisors

By | October 27th, 2021|Uncategorized|Comments Off on Risk Strategies Acquires New Jersey’s Corrigan Johnston Risk Advisors

Risk Strategies, a national specialty insurance brokerage and risk management firm, acquired Corrigan Johnston Risk Advisors, an all-lines brokerage focused on transportation-related industries. Terms of the deal were not announced. Headquartered in Basking Ridge, New Jersey, Corrigan Johnston was founded …

27 10, 2021

Georgia Court Says No Double Dip on Auto Policies After Accident

By | October 27th, 2021|Uncategorized|Comments Off on Georgia Court Says No Double Dip on Auto Policies After Accident

The injured party in an automobile collision cannot double-dip on insurance coverage simply because she calls the payment from the other driver’s policy “punitive damages,” a Georgia appeals court has decided. “The mere fact that Nay’s limited release included a …

27 10, 2021

Chubb Sees Profit Jump 58% on Premium Growth, Underwriting Income

By | October 27th, 2021|Uncategorized|Comments Off on Chubb Sees Profit Jump 58% on Premium Growth, Underwriting Income

Global insurer Chubb’s third quarter net income soared more than 58 percent year-over-year, as premium gains continued their double-digit climb. The insurer’s Q3 net income reached $1.83 billion during the quarter, or $4.18 per share. That compares to just under …