Insurance
LinkedIn China Spying Threat Prompts Warning From US, Allies
The US and its “Five Eyes” intelligence partners issued what they said was an unprecedented joint notice warning about attempts by Chinese spies to use websites such as LinkedIn to recruit assets. “China’s military intelligence services are using an increasingly …
Read More Allianz Is Said to Be in Advanced Talks to Buy Portuguese Insurer Caravela
Allianz SE is in advanced talks to buy Caravela Seguros after submitting an offer for the Portuguese insurer, according to people familiar with the matter. Allianz is currently discussing a potential acquisition of Caravela Seguros with company shareholders, said the …
Read More Renewals for Most Commercial Lines Decrease in May, Says Ivans
Year over year, average U.S. commercial premium renewals for May increased in all lines except workers’ compensation, according to the Ivans Index. However, month over month, commercial auto, business owners policy, general liability, and umbrella saw a decrease, while commercial …
Read More Howard Hughes Holdings Completes $2.1B Acquisition of Re/insurer Vantage Group
Vantage Group Holdings Ltd., the Bermuda-based specialty re/insurer, announced it has been successfully acquired by Howard Hughes Holdings Inc. (HHH) for approximately $2.1 billion. The all-cash acquisition of Vantage anchors HHH’s strategy to transform itself into a diversified holding company, …
Read More United Co-Pilot Warned Plane Was Slow, Low Before Newark Mishap
The first officer on a United Airlines Holdings Inc. plane that struck a light pole while landing at Newark Liberty International Airport last month told safety investigators that he warned his captain that the aircraft was “slow and a little …
Read More US House Lawmakers Release Draft Bill to Prohibit State AI Rules
A bipartisan pair of U.S. House lawmakers released draft legislation on Thursday that would prohibit states from regulating the development of artificial intelligence models, a move praised by tech firms but criticized by consumer rights advocacy groups. The draft legislation, …
Read More Viewpoint: Shopping for Cyber Insurance? Start With the End in Mind
The moment a cyber incident hits, the nature of the insurance relationship becomes clear. A policy is only as valuable as the team behind it, and the right claims partner can make an otherwise stressful situation manageable, guiding your client …
Read More Big ‘I’ Launches New TrustedChoice.com Agency Locator
The Independent Insurance Agents & Brokers of America (the Big “I”) said it launched its new TrustedChoice.com agency locator to help consumers find and connect with local independent agents. Available to all Big “I” member agencies, the all-new agency locator …
Read More IBM, AT&T Accused by Whistleblower of Covering Up Foreign Hacks
International Business Machines Corp. and AT&T Inc.’s computer systems were repeatedly breached by foreign hackers, and the companies concealed those intrusions from the US government in violation of the law, according to a lawsuit from a former IBM cybersecurity official. …
Read More People Moves: Delos Names Schween CTO; Legner Joins Trucordia as Agriculture Platform Senior VP; XPT Specialty Names McEachern VP, Commercial Underwriter/Broker
Delos Appoints Schween CTO Delos Insurance Solutions has appointed Brian Schween to the role of chief technology officer. Schween has extensive technology experience in the insurance industry, having had several C-level roles in a variety of organizations. Currently operating in …
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