Insurance
People Moves: Risk Strategies Adds Bussiere; Pie Insurance Appoints Foglietta as CFO; Palisades Expands Leadership Team
Risk Strategies Names Bussiere Commercial Lines Leader, New York Region Risk Strategies, headquartered in Boston, Mass., appointed Margaret Bussiere as commercial lines leader, New York region. Bussiere brings nearly 25 years of insurance industry experience to her new role. She …
Read More Selective Insurance CFO Wilcox Resigns; Harnett Named Interim
Selective Insurance Group said its chief financial officer, Mark Wilcox, has resigned to hold the same position elsewhere. Wilcox, also executive vice president, will leave Nov. 3. He will continue in the CFO role under Selective reports third quarter earnings, …
Read More Philippines Coast Guard Identifies Marshall Islands Oil Tanker in Fatal Collision
Three people are dead after a Philippine fishing boat collided with an oil tanker in what the nation’s coast guard described as an accident near a disputed South China Sea shoal. Survivor accounts of the tanker fit the description of …
Read More September Broke Global Heat Record by ‘Gobsmackingly Bananas’ Margin: Scientist
The global average temperature for September broke records by such an absurd margin that climate experts are struggling to describe the phenomenon. “This month was — in my professional opinion as a climate scientist — absolutely gobsmackingly bananas,” Zeke Hausfather, …
Read More Central Bank Test Lab Develops Global Bitcoin Mapping System
A global central bank test lab has designed a prototype bitcoin monitoring system aimed at giving authorities a clearer picture on how, when and where the cryptocurrency is used. The Bank for International Settlements (BIS) project, codenamed Atlas, began at …
Read More 4 Billion Pieces of Paper Keep Global Trade Afloat but Fraud Fuels Push to Digitize
They are relatively easy to fake. Frequently get lost. And can add huge amounts of time to any journey. Yet paper documents still rule in the $25 trillion global cargo trade with four billion of them in circulation at any …
Read More People Moves: Talkowski to Lead Nationwide Middle Market Commercial Lines Team; Showalter New Head of Client Experience at Hub Private Client
Nationwide has hired Kristina Talkowski from CNA to head up its middle market commercial lines business. Starting Oct. 16, she will be tasked with executing Nationwide’s long-term commercial lines insurance strategy for mid-sized businesses. Talkowski has 20 years of insurance …
Read More Hong Kong’s Typhoon-Related Claims Set to Top Record $500M in 2023
Hong Kong insurance claims caused by natural disasters may climb to a record and exceed $500 million this year should approaching Typhoon Koinu add to this storm season’s damages, according to Bloomberg Intelligence. The city’s heaviest rainstorm on record, coupled …
Read More NHTSA Expands Probe Into Ford Engine Failures to Include Nearly 709,000 Vehicles
U.S. auto safety investigators have expanded a probe into Ford Motor Co. engine failures to include nearly 709,000 vehicles. The National Highway Traffic Safety Administration also said in documents posted Monday on its website that it upgraded the investigation to …
Read More Commercial Auto Up Against Persistent Headwinds to Underwriting Profit
Underwriting losses in U.S. commercial auto have returned to pre-pandemic levels and rate increases have not been enough to keep up with severity trends. “The liability component has been more problematic than the physical damage component, which is no surprise …
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