INSURANCE NEWS

Markets/Coverages: Skyrisks, Quotech Link Up to Insure Advanced Air Mobility Sector

Skyrisks Ltd., the newly incorporated, London-based managing general agent, has linked with Quotech, the underwriter-led developer of integrated technology platforms for underwriters and brokers, to deliver insurance coverage for the advanced air mobility (AAM) sector. AAM includes revolutionary aircraft such …
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Specialist Risk Group Acquires UK’s Cheshire Insurance Brokers

Specialist Risk Group (SRG), the London-based insurance intermediary, has acquired Cheshire Insurance Brokers (CIB). Financial details of the transaction were not disclosed. Established in 2010 by Dominic Leach & Victoria Benito and based in Hale, England, CIB specializes in arranging …
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Social Media Investigations Are a Winning Strategy for Insurers

If you’re a plaintiff in an injury lawsuit against your insurer, you might want to ask your wife not to post videos online of you frolicking in a swimming pool. An Instagram post by a woman that showed her husband, …
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Cargo Thieves Target Electronics, Chemicals, Pharmaceuticals: German Insurance Study

German transport insurers report a significant increase in stolen goods – with thieves targeting electronic devices as well as chemical and pharmaceutical products. Every 20 minutes, goods are stolen from a truck, according to a study from the German Insurance …
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Financial Services Firms ‘Largely Blind’ to Exposures From Nature-Related Risks: Report

Most financial firms aren’t assessing their portfolio exposure to nature-related risks with the same urgency they use to measure climate impacts, a shortcoming that could lead to higher costs, litigation and a hit to reputations, according to a new report. …
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Swiss Tunnel to Partially Reopen for Freight Transport as Supply Chain Backs Up

Switzerland’s Gotthard tunnel will partially reopen for freight transport next week after a derailed train blocked one of its two tubes, though the critical route won’t return to full operability for several months. Passenger trains will continue to be diverted …
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Latin Americans Fall Prey to More Online Scams, Cyber Attacks

Gabriella Batalha didn’t think much when she noticed she had been logged out of Instagram – until the next day when she found her account overrun with sensational posts touting high-yield cryptocurrency investments. To recover her account, the 27-year-old lawyer …
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More Funding for U.S.-Based Provider of Retained Climate Risk Reinsurance

Demex Group raised $5 million from a syndicate of existing and new investors the company says will address accumulating losses caused by secondary perils. The managing general agent, which “operates at the intersection of climate, insurance, and technology,” last year …
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Legal & General’s CEO Says UK Must Speed Up Reforms to Lure Investors

The UK needs to accelerate reforms to help attract more investments, according to Legal & General Group Plc Chief Executive Officer Nigel Wilson. The Mansion House speeches on policy reforms in July have been very positive, but the government needs …
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Legal, Ethical Questions on Autopilot Endure as Criminal Case Against Tesla Driver Ends

A criminal prosecution against a Tesla driver in Los Angeles County could end next month, the final step of a case believed to be the first time in the U.S. prosecutors brought felony charges against a motorist who was using …
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Some Workplace Shootings May Not be Compensable, Florida Appeals Court Says

Workplace shootings, more common than ever now, may happen in the course and scope of employment. But do they have to be work-related to make the victims eligible for workers’ compensation benefits? That’s the question that a Florida appeals court …
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Towerstone Acquires Fortuna General Insurance Agency in California

Towerstone acquired Fortuna General Insurance in Simi Valley, California. The partnership allows the company to take advantage of Fortuna’s wide array of carrier and broker relationships and its expertise in the property insurance market. Fortuna will operate as Fortuna General …
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