INSURANCE NEWS
Duperreault Joins Board of InsurTech Joyn
InsurTech Joyn Insurance announced the addition of industry veteran Brian Duperreault to its board as an independent director. Duperreault previously served as executive chairman for AIG’s Board of Directors and as CEO of AIG from 2017 to 2021. Before joining …
EU Proposes Clampdown on Companies Using Misleading ‘Green’ Labels
The European Commission proposed rules on Wednesday that would require companies in Europe to back up climate-friendly claims about their products with evidence, to stamp out misleading green labels for products from clothing to cosmetics and electronic goods. The proposed …
Commerzbank Executive Wins £300,000 in Sex Discrimination Suit
A Commerzbank AG manager won more than £300,000 ($366,650) in a sex discrimination lawsuit following a long-standing legal battle with the bank. Jagruti Rajput, who was a senior compliance officer at the firm’s London office, won a sex and maternity …
Google Asks London High Court to Throw Out Lawsuit Over Medical Records
Google asked London’s High Court on Tuesday to throw out a lawsuit brought on behalf of 1.6 million people over medical records provided to the tech giant by a British hospital trust. The Royal Free London NHS Trust transferred patient …
Australian Lender Latitude’s Shares Slump After Hack Details Emerge
Latitude Group Holdings Ltd. shares slumped as trading resumed for the Australian personal lender that disclosed details of a hack almost a week ago. The stock lost 16% as of 11:40 a.m. in Sydney trading. Hackers stole more than 103,000 …
Supreme Court Divided Over Coinbase Arbitration Dispute
U.S. Supreme Court justices on Tuesday appeared divided over a bid by cryptocurrency exchange Coinbase Global Inc. to halt customer lawsuits, including by a user who sued after a scammer stole money from his account, as it pursues an effort …
People Moves: WKFC Promotes Singhvi to President, Bauer to COO; AmTrust Adds Surian, White to Commercial Team
WKFC Promotes Singhvi to President and Bauer to COO WKFC Underwriting Managers, Ryan Specialty’s managing general underwriter headquartered in Melville, New York, has made two promotions in its senior leadership. Ravi Singhvi has been promoted to president of WKFC underwriting …
Female Gig Workers Face 32% Average Pay Gap
Female gig workers in the U.S. make less than males, wear more hats, and are more worried about their futures, according to Legal & General Group research. A study sponsored by the group found that across all categories of respondents …
With Sex Assault Cases on the Rise, Insurers Tighten Hospital Liability Exclusion Wording
South Floridians may remember the case of a patient at Westchester General Hospital in Miami, who said she was sexually assaulted by a hospital worker on New Year’s Eve in 2019 while she was sedated. The worker’s trial is set …
Teen Driver in Crash in New York That Killed 5 Children Had No License
The 16-year-old driver in a crash that killed five young people did not have a driver’s license or permit and may have fallen asleep or become distracted before the SUV veered off a New York highway, officials said Monday. The …
11 Injured in Southern California Apartment Complex Fire
At least 11 people were injured when a fire erupted in a large Los Angeles apartment complex, authorities said. Five of the approximately 200 units in the four-story building were burned, the Fire Department said in a statement on Monday. …
People Moves: AAdvantage Insurance Group Hires Berg; Alive Risk Adds Rutkin
AAdvantage Insurance Group Hires Berg as Personal Lines Account Executive AAdvantage Insurance Group, headquartered in Glen Carbon, Illinois, recently hired Sondra Berg as its personal lines account executive. Berg will focus on maintaining, expanding, and servicing the agency’s clients. Berg …