Insurance
Markets/Coverages: Corvus Expands Tech E&O; K2 OCONUS Workers Comp for Government Contractors; Xceedance’s MGA Agility Suite
Corvus Insurance introduced a newly expanded Tech E&O product with an enhanced appetite backed by Travelers. Smart Tech E+O from Corvus provides creative risk solutions for technology businesses across the spectrum of size and complexity, including primary and excess policies. …
Read More People Moves: WIND Network Names New Officers, Board Members
The Windstorm Insurance Network, known as WIND, a continuing education organization for adjusters, appraisers and other claims professionals, has installed new officers and board members after its annual conference in Orlando. Wayne Taylor, a plaintiffs’ attorney with Mozley, Finlayson & …
Read More Construction Worker Killed When Foundation Collapses in House Being Waterproofed
The partial collapse of a house foundation was the apparent cause of the death of a 51-year old construction worker in Hanson, Massachusetts on Wednesday morning. The worker, Gerceir Osvaldo DeFaria, was pronounced dead on the scene, according to Plymouth …
Read More Two Years After Deadly Tornadoes, Some Kentucky Families Still Waiting for Housing
MAYFIELD, Ky. (AP) — Ashley Prince and her family have been chasing “normal” for years now. Two years ago, the tornado that whipped through Mayfield peeled the roof off their rental property “like a band-aid.” She and her fiance Dylan …
Read More Mother of Teen Killed at Miss. Poultry Factory Sues Company for Negligence
(AP) — The mother of a 16-year-old who died in a workplace accident at a Mississippi poultry factory is suing the companies that hired and employed him, accusing them of failing to follow safety standards that could have prevented his …
Read More January Was World’s Hottest on Record: EU Scientists
The world just experienced its hottest January on record, continuing a run of exceptional heat fueled by climate change, the European Union’s Copernicus Climate Change Service (C3S) said on Thursday. Last month surpassed the previous warmest January, which occurred in …
Read More Chinese Hacking Campaign Aimed at Critical Infrastructure Goes Back 5 Years
An advanced group of Chinese hackers taking aim at U.S. critical infrastructure have been active for as long as half a decade, American and allied intelligence agencies said in a joint statement on Wednesday. The U.S. National Security Agency, U.S. …
Read More AXA’s CEO Buberl Wants to ‘Scale Up’ Corporate Business
AXA SA’s Chief Executive Officer Thomas Buberl says he intends to “scale up” the firm’s business insuring corporate risks in the next phase of the firm’s growth. “In a highly volatile and highly unpredictable environment it is important to take …
Read More Money Managers Try to Put a Price on Climate Risk. It’s Not Easy.
When investors contemplate risk, it’s straightforward to think about measurable economic shifts like rising interest rates, inflation and sales trends. The data are readily available and simple enough to incorporate into financial models. The looming risks from climate change, on …
Read More US, UK Ship Investors Hit by Soaring Red Sea Insurance: Sources
War underwriters have raised the premiums they charge to US, British and Israeli firms by as high as 50% for ships transiting the Red Sea and some providers are avoiding such business due to targeting of the vessels by Yemen’s …
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