INSURANCE NEWS
People Moves: SiriusPoint Taps RSA’s Hardy as Director of Sales & Distribution, Int’l; Pro MGA Global Solutions Names Martin Døhlen as MD of European Platform
This edition of International People Moves details appointments at SiriusPoint and Pro MGA Global Solutions. A summary of the new hires follows here. SiriusPoint Taps RSA’s Hardy as Director of Sales & Distribution, Int’l SiriusPoint Ltd., the Bermuda-based specialty re/insurer, …
Markets/Coverages: Chubb Launches New Media Insurance Product for UK
Chubb announced the launch of a new media insurance product for clients in the United Kingdom. Alongside the launch, Chubb has also rebranded its existing UK Technology Industry Practice as the Technology and Media Practice to reflect its new focus. …
Putting AI to Work Within the ‘Digital Round Trip’: Applied Systems CEO
The data is out there. The challenge is how to amass it, standardize it and make it useful. Taylor Rhodes, CEO of Applied Systems, stopped by the On Point podcast with host Peter Aartrijk to talk about the future of …
Yemen’s Houthis Leader Says Group Will Target Israeli Ships in Red Sea
Yemen’s Houthi leader said on Tuesday his forces would make further attacks on Israel and they could target Israeli ships in the Red Sea and the Bab al-Mandeb Strait. The Iran-aligned group made several missile and drone attacks against Israel …
Ukraine, UK Agree on Discounts for War Risk Insurance for Black Sea Exports: Officials
Ukraine and Britain have agreed on a special mechanism for discounts on war risk insurance on exports through the Black Sea corridor, which has helped transport almost 4 million metric tons of goods since August, Ukrainian officials said on Tuesday. …
NOAA: U.S. Withstands Record 25 Disasters in 2023
Another billion-dollar disaster was confirmed in October, bringing the total to a record 25 such disasters in the first 10 months — the largest number of disasters for any year since NOAA began tracking the events. These disasters included 19 …
People Moves: Balch Now President of Berkley Technology Underwriters; Lieberman to Lead Lockton’s US Financial Services Claims
W.R. Berkley Corporation Names Balch President of Berkley Technology Underwriters W.R. Berkley Corporation, headquartered in Greenwich, Conn., appointed Christopher H. Balch as president of Berkley Technology Underwriters, a Berkley company. He succeeds Matthew A. Mueller, who has been named chairman …
US Contractors, Insurers Seem to be Ignoring Some Safety Improvements in Construction
Many American construction firms are failing to implement obvious and inexpensive safety measures that could save lives, reduce injuries and avoid costly insurance claims. And many insurers are failing to nudge their insured contractors to be proactive and preventive. “It’s …
Are Expensive Judicial Races the New Normal in Pennsylvania After High Court Campaign?
The race for an open seat on Pennsylvania`s highest court initially resembled the sleepy contests that had played out for decades: low turnout, little media coverage and just enough spending to afford some biographical TV ads on cable. Then attack …
Worker Dies at Montana Platinum and Palladium Mine, Triggering Temporary Mining Halt
A contract worker has died in a machinery accident at an underground precious metals mine in south-central Montana and work has temporarily stopped while the death is investigated, mine officials said. The worker was preparing an area for future mining …
Man Charged With Arson for New York Race Track Fire That Killed Dozens of Horses
Authorities are investigating the deaths of more than two dozen racehorses in a barn fire at an upstate New York track that they believe was deliberately set. The horses were killed early Thursday after the barn where they were housed …
Ohio Court Revives Dog Bite Injury Claim Against Insurer Due to Ambiguous Policy Exclusion
An Ohio appellate court revived a dog bite injury claim against an insurer after finding that the terms of an exclusion in the homeowners’ insurance policy, intended to bar coverage for dogs with a history of violence, may not have …