Insurance
Cyber Risk: West Virginia OIC Plans to Dispose of Older Workers’ Comp Files
The West Virginia insurance commissioner’s office has adopted a new policy: It will soon begin destroying workers’ compensation claim files that are 10 years old or older. “Given increasing cybersecurity concerns and the type of information contained in the closed …
Read More Markets/Coverages: Hanover Enhances Work Safe Program; Berkley Adds AttorneyShield; Encore Fiduciary Moves Into Management Liability
The Hanover Enhances Its Holistic Work Safe Program The Hanover. Insurance Group has expanded its Hanover Work Safe, a group of services promising a personalized approach to worker safety and claims handling. The Hanover’s claims specialists proactively gain insights into …
Read More Safety Regulator Closes Probe into GM’s Cruise Robotaxis
The National Highway Traffic Safety Administration said it was closing its preliminary investigation into the hard braking and immobilization issues in 1,194 autonomous ride-hailing vehicles operated by General Motors’. Cruise unit. The NHTSA said on Thursday it was closing the …
Read More Insurance Technology: Aon Tool Analyzes and Quantifies Potential D&O Losses
Corporate risk managers looking to gauge the likelihood that their directors and officers will be sued and how much that might cost have a new digital tool to help them. Global insurance broker Aon has launched its Directors and Officers …
Read More Remnants of Hurricane Ernesto Trigger Wind and Rain Warnings in Scotland
Yellow weather warnings are in place for Scotland on Thursday, as the remnants of Hurricane Ernesto bring strong winds and heavy rain. There’s an alert for rain across western Scotland, with more than 100 millimeters (4 inches) forecast for higher …
Read More Unseasonal Winter Heat Across Australia Raises Wildfire Risks
Australia is facing elevated wildfire risks months ahead of the summer fire season, as an unusually warm winter scorches parts of the continent and threatens to set temperature records. Heat is forecast to bake vast areas of the country in …
Read More Swiss Re First-Half Profit Beats Estimates on Lower Catastrophe Claims
Swiss Re AG’s first-half net income beat estimates, as the re-insurer avoided higher claims from natural catastrophes that have impacted the broader insurance industry. Profit for the second quarter was $996 million, resulting in net income of $2.1 billion for …
Read More Yacht Insurer OMAC Is Hull Carrier for Sunken Yacht in Sicily, Sources Say
Yacht insurance provider OMAC is the carrier on the hull for the Bayesian, a 56-meter-long (184-ft) sailboat, that was hit by a ferocious storm on Monday, sinking off the northern coast of Sicily, two sources with knowledge of the matter …
Read More WV Governor Scrambles to Halt Foreclosure of His Greenbrier Hotel
CHARLESTON, W.Va. (AP) — West Virginia Gov. Jim Justice, deep in the middle of a U.S. Senate race, is also in a mad-dash legal fight to keep a historic West Virginia hotel at his luxury resort before it’s auctioned off …
Read More Disney Drops Bid to Toss Allergy Suit Because Plaintiff Signed Disney+ Arbitration
NEW YORK (AP) — Disney is no longer asking a Florida court to dismiss a wrongful death lawsuit on the grounds that the victim’s family had signed up for its streaming service Disney+. The company filed a notice in Orange …
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