Insurance
NC Family Sues Google After Man Drove off Collapsed Bridge Following Map Directions
RALEIGH, N.C. (AP) — The family of a North Carolina man who died after driving his car off a collapsed bridge while following Google Maps directions is suing the technology giant for negligence, claiming it had been informed of the …
Read More Cisco to Buy Splunk for $28 Billion in Giant AI-Powered Data Bet
Cisco Systems Inc. agreed to buy Splunk Inc. in a deal valued at about $28 billion, representing its biggest acquisition yet and a massive push into software and artificial intelligence-powered data analysis. The networking giant will pay $157 a share …
Read More T-Mobile Glitch Showed Customer Data to Wrong Account Holders
Some T-Mobile US Inc. customers logged into their accounts Wednesday to a surprise: Another subscriber’s billing and account information was being shown on their online dashboards. Subscriber data including credit card information, home addresses, phone numbers and account balance were …
Read More Next Insurance Offering Allows Agents to Customize Small Business Quotes
Digital small business insurer Next Insurance announced a new offering it says will enable agents to fully customize coverage quotes to better meet the needs of their small business clients. Next’s Coverage Builder allows agents to micro-tailor small business quotes …
Read More People Moves: Aon Taps Carpenter’s Fraccalvieri to Lead EMEA Facultative, Reinsurance Solutions; Miller Launches APAC Treaty Team
This edition of International People Moves details appointments at Aon and Miller. A summary of these new hires follows here. Aon Taps Carpenter’s Fraccalvieri to Lead EMEA Facultative for Reinsurance Solutions Insurance broker Aon plc named Nicola Fraccalvieri as leader …
Read More Lloyd’s Cyber Specialist Trium Cyber Opens London Office, Led by Aspen’s Watson
Trium Cyber, a Lloyd’s cyber specialist, announced that the US-based company has opened a London office to write coverage for clients based outside of the US. “Our advanced technical underwriting, outstanding claims management and Lloyd’s A+ rated security have resulted …
Read More ‘Hard But More Manageable’ Jan. 1 Renewals; Little Relief on Retentions
The hard reinsurance market in property-catastrophe reinsurance isn’t coming to an end at Jan. 1, 2024, but reinsurers are likely to deploy more of their capacity next year, broker executives said recently. Dorothée Mélis-Moutafis, North American brokering executive at Guy …
Read More Copper Producer Aurubis Says Metal Scam Cost It €185 Million
Europe’s top copper producer Aurubis AG said a massive scam involving shipments of scrap metal cost it €185 million. Aurubis said last month that it had discovered a significant metal shortfall, adding that it believed some of its suppliers had …
Read More RHB Bank Weighs Bancassurance Options as Tokio Marine Pact Ends Soon: Sources
Malaysia’s RHB Bank Bhd. is asking financial advisers for proposals for its partnership to sell insurance in its branches, as its deal with an arm of Japan’s Tokio Marine Holdings Inc. is set to expire at the end of next …
Read More As Complaints Against Pharmacists Rise So Does the Cost to Defend Them
The cost to defend complaints against pharmacists to their State Board has increased more than 100% in the last decade, according to a newly released claim report published by Healthcare Providers Service Organization (HPSO), a division of Aon Affinity, the …
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