INSURANCE NEWS
Bursting Ice Dam in Alaska Highlights Risks of Glacial Flooding
The gray, two-story home with white trim toppled and slid, crashing into the river below as rushing waters carried off a bobbing chunk of its roof. Next door, a condo building teetered on the edge of the bank, its foundation …
Trial Begins for Security Guard Who Shot Man in Shootout at Nashville Restaurant
A security guard charged with second-degree murder over a 2018 fatal shooting outside the Nashville restaurant where he was working headed to trial Monday, a case that hinges on whether he was justified to fire at a man involved in …
Southwest Will Appeal Judge’s Ruling Requiring ‘Religious Liberty Training’
Southwest Airlines Co. on Tuesday said it will appeal a Texas federal judge’s unusual order requiring three of its senior lawyers to attend “religious liberty training” by a prominent conservative Christian legal group. The airline in a statement confirmed that …
NH Insurers, Agencies Must Report When Producers are Fired, New Commish Says
The New Hampshire Insurance Department is reminding insurance companies and agencies that they must notify the department when terminating producers for cause. “In the interest of ensuring compliance and upholding the integrity of our insurance system, we urge all insurers …
Powerful Storm System Kills Two, Leaves 1M Without Power in South, East Coast
At least two people died, thousands of U.S. flights were canceled or delayed, and more than 1.1 million homes and businesses lost power Monday as severe storms, including hail and lightning, moved through the eastern U.S. The National Weather Service …
People Moves: Xceedance Names Tiwari President, EMEA/APAC; Chubb Climate+ Appoints Prunier for Product Engagement/Services; Howden Taps Aon’s Green for Property
This edition of International People Moves details appointments at Xceedance, Chubb, and Howden. A summary of these new hires follows here. Xceedance Names Tiwari President, EMEA & APAC Xceedance, the Boston-based provider of technology and digital solutions, claims services, and …
Greensill Sues Zurich Insurance for $400 Million to Recoup Losses
Greensill Bank AG’s administrators are seeking more than $400 million from Zurich Insurance Plc in London lawsuits to recoup the defunct lender’s losses on controversial investments linked to Credit Suisse and Liberty Commodities Ltd.. The administrators want Zurich to make …
Severe Convective Storms Dominate Insured Natural Disaster Losses in H1: Swiss Re
Global natural catastrophes cost insurers US$50 billion in the first half, (H1 2022: $48 billion), with most of the losses stemming from severe convective storms, according to Swiss Re. “Severe convective storms – storms associated with thunder, lightning, heavy rain, …
Finance Firms’ Return-to-Office Crackdown Could Backfire: Deloitte
Financial firms that enforce strict return-to-office mandates could drive employees to leave, according to a study published Tuesday by accounting firm Deloitte. Of 700 financial executives surveyed by Deloitte, 66% who worked remotely part time said they would likely quit …
Meta Platforms Seeks to Stop Privacy Breach Fine in Norway
Meta Platforms is asking a court in Norway to stop a fine the Nordic country’s data regulator imposed on the owner of Facebook and Instagram for breaching users’ privacy, according to a court filing. Meta Platforms will be fined 1 …
Black Sea Exporters Struggle to Clear Danube Shipping Backlog
Dozens of ships are backed up around critical Danube arteries close to Ukraine’s river gateways days after Russian drone attacks on the country’s ports, shipping data showed on Tuesday. The river and its mouth are Ukraine’s last remaining waterborne grain …
UK’s Voter Register Was Hacked. And No One Noticed for 15 Months.
Hackers were able to access UK voter registers undetected for 15 months, the Electoral Commission said on Tuesday, disclosing what it called a “complex cyber-attack.” “Hostile actors” could obtain the name and address of anyone in the UK who registered …