INSURANCE NEWS
World’s Workers Increasingly at Risk as Climate Changes: Int’l Labour Organization
More than 70% of the global workforce is exposed to risks linked to climate change that cause hundreds of thousands of deaths each year, the International Labour Organization said on Monday, adding governments would need to act as the numbers …
Iowa Governor Signs Measure to Increase Compensation for Boy Scouts Abuse Victims
DES MOINES, Iowa (AP) — Iowa men who were victims of child sexual molestation while they were in the Boy Scouts of America could get higher legal compensation under a measure lawmakers approved and the governor signed into law last …
Progressive Gains as Drivers Shop Around for Auto Insurance—Again
Although it may have seemed like drivers had thrown in the towel on trying to find cheaper auto insurance prices late last year, a new study of consumer behavior finds they’re back to shopping around. In addition, when they decide …
Tiny Texas City Repels Russia-Tied Hackers Eyeing Water System
When Mike Cypert got the call that utilities in remote Texas communities were being hacked, he raced across his office to unplug the computer that ran his city’s water system. Hale Center is a dusty, cotton-growing burg of 2,000 about …
EPA Designates PFAS Chemicals as Superfund Hazardous Substances
The U.S. Environmental Protection Agency on Friday designated a pair of widely used industrial chemicals as hazardous substances under the country’s Superfund program, accelerating a crackdown on toxic compounds known as “forever chemicals.” The rule will require companies to report …
What Is Volt Typhoon, the Hacking Group the FBI Warns Could Deal a ‘Devastating Blow’?
China is developing the “ability to physically wreak havoc” on U.S. critical infrastructure and its hackers are waiting “for just the right moment to deal a devastating blow,” FBI Director Christopher Wray said on Thursday. The comments were in relation …
Alabama City Councilman Hit With New Auto Insurance Fraud Indictment
Authorities have added four more insurance fraud charges to those already lodged against an city official in coastal Alabama. Prichard City Councilman Derrick Griffin last week was indicted by a grand jury for the second time in four months. In …
People Moves: Liberty Names Bernau as Senior Vice President, Commercial Lines Producer
The Liberty Company Insurance Brokers, headquartered in Gainesville, Florida, named Andrew Bernau senior vice president, commercial lines producer. Bernau is based in Chicago. Bernau has nearly 20 years of industry experience, beginning his career with a college internship. He most …
People Moves: AEGIS London Hires AIG’s Johnson and Lambert for New Cyber Underwriting Team; Markel Promotes Gordge to Head of Terrorism in London
This edition of International People Moves details appointments at Lloyd’s syndicate AEGIS London and Markel, the insurance operations within Markel Group. A summary of these new hires follows here. AEGIS London Hires AIG’s Johnson and Lambert for New Cyber Underwriting …
Fleming Acquires James River’s Casualty Reinsurance Business, Ending Legal Dispute
James River Group Holdings Ltd. announced that Fleming Intermediate Holdings has completed the $277 million acquisition of James River’s casualty reinsurance business – after a period of legal wrangling that had threatened to derail the deal. The transaction, which was …
People Moves: Chubb Names Scheffler COO of Personal Risk Services; AXIS Appoints Morley Head of US E&O
Chubb said it has promoted Melissa Scheffler to chief operating officer of Personal Risk Services (PRS). Currently, Scheffler serves as regional executive officer for the Mid-Atlantic region. In a corresponding move, Bryce Graham, who currently serves as the Philadelphia and …
Severe Storms Cause Damage in Middle U.S.
ST. LOUIS (AP) — Strong storms caused damage in parts of the middle U.S. this week and spawned tornadoes in Kansas and Iowa, including one that left two people hurt. An EF-1 tornado touched down shortly after 6 a.m. Tuesday …