Insurance
People Moves: Prime Names Schlueter SVP, Healthcare Professional Liability; Alliant Adds Hansen to Minneapolis Benefits Team
Prime Insurance Company Names Schlueter SVP, Healthcare Professional Liability Prime Insurance Company, headquartered in Chicago, Ill., named Bart Schlueter as senior vice president and head of healthcare professional liability. Schlueter has over 25 years of experience in the insurance industry, …
Read More UK Financial Watchdog Says Some Funds Mislead Investors With ESG Label
Britain’s financial watchdog said on Thursday it was having to “push back” against some investment funds that misleadingly attempt to label themselves as being focused on environmental, social and governance (ESG) based performance. Regulators across the world are seeking to …
Read More New York Attorney General Sues Crypto Firms Gemini, DCG, Genesis for Alleged Fraud
bankruptcybakruptNew York Attorney General Letitia James on Thursday sued cryptocurrency firms Genesis Global, its parent company Digital Currency Group (DCG) and Gemini for allegedly “defrauding” investors of more than $1 billion. The development underscores the challenges the crypto industry continues …
Read More Uber Driver Must Face Injury Claim for Picking Up Passenger 2 Feet From Curb
Uber and one of its New York drivers who failed to pull within a foot of the curb when picking up a passenger must face a negligence lawsuit after all. A lower court had dismissed the negligence suit against Uber …
Read More Allstate Says Q3 Catastrophe Losses Were $1.2 Billion
Allstate Corp. today reported September catastrophe losses of $317 million and total catastrophe losses for the third quarter of about $1.2 billion pretax. Seventeen events in September resulted in catastrophe losses of about $357 million, partially offset by favorable reserve …
Read More Aviation War Insurers Cancel Cover for Airlines Domiciled in Israel, Lebanon: Sources
Aviation war insurers have given notice to cancel cover for some airlines domiciled in Israel and Lebanon because of the conflict in the region, with some cancellations already taking effect, three industry sources with direct knowledge of the matter said. …
Read More Understanding the Risks of ‘Single Points of Failure’ in Digital Supply Chains
The rise of cyber risk accumulation events has highlighted the need for cyber insurers and reinsurers to understand single points of failure (SPoFs) within their customers’ digital supply chains, according to a new report published by the International Underwriting Association …
Read More What’s Changed and What Hasn’t a Year After Mississippi Capital’s Water Crisis
JACKSON, Miss. (AP) — Water is flowing again to nearly all of Mississippi’s capital city. It’s a stark contrast from a year ago, when Jackson’s 150,000 residents could never be sure what, if anything, would flow from their taps when …
Read More S&P: Struggles in Personal Auto Insurance to Subside Slower Than Expected
S&P Global Market Intelligence projects that personal auto results will improve from 2022’s worst-in-decades combined ratio of 112.2%, though not as rapidly as the organization’s experts previously expected. Continued pressure on claim severity across coverages has prolonged post-pandemic recovery for …
Read More Autopsies Delayed as WV Pathologists Asked to Do Double the Industry Standard
CHARLESTON, W.Va. (AP) — Forensic pathologists in West Virginia are being asked to perform at least twice as many autopsies as the national best practice standard, resulting in significant delays, the state office of the chief examiner said Tuesday. West …
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