INSURANCE NEWS
Specialist Insurer Hiscox Launches Underwriting Academy in UK
Specialist insurer Hiscox UK has officially launched its underwriting academy following a successful pilot in Q4 2022. The Hiscox Underwriting Academy provides hands-on technical and professional development for high performing talent. The academy is part of a wider drive to …
Microsoft Warns Russian Hackers May Plan More Attacks, Inside and Outside of Ukraine
Microsoft Corp. warned an infamous hacking group that is tied to Russia’s military intelligence agency GRU could be gearing up for more ransomware attacks both inside and outside of Ukraine. Microsoft calls the group Iridium, but it is perhaps best …
UK Bans Chinese-Owned TikTok on Government Phones on Security Concerns
Britain said on Thursday it would ban TikTok on government phones with immediate effect, a move that follows other Western countries in barring the Chinese-owned video app over security concerns. TikTok has come under increasing scrutiny due to fears that …
Heavier Vehicles, Distracted Drivers Impacting Claim Severity
US roadways are carrying heavier, more powerful vehicles operated by motorists who are older, driving faster and more often distracted, according to CCC Intelligent Solutions’ annual Crash Course report. Each of those factors has a bearing on the frequency and …
Tesla Not Entitled to More Info About Race Bias Probe
A California civil rights agency suing Tesla Inc. over alleged widespread race bias at its flagship assembly plant on Tuesday asked a judge to narrow the scope of his tentative ruling requiring the agency to provide more details about the …
FBI Returns 50 Artifacts Stolen From Museums
Federal authorities say dozens of artifacts stolen in the 1970s from museums in several states and dating back as far as the French and Indian War have been returned to the institutions. The FBI announced Monday at a ceremony at …
Physical Abuse Must Involve ‘Imbalance or Misuse of Power’ for Exclusion: Court
An act of physical abuse is not excluded by an abuse and molestation exclusion in a homeowners insurance policy unless the act involves “an imbalance or misuse of power in addition to being physically harmful,” the Massachusetts Supreme Judicial Court …
Texas Public Adjuster Indicted of Stealing $268K in Insurance Claims
A Texas public insurance adjuster accused of stealing more than $268,000 in insurance claims from multiple victims has been indicted by a grand jury in Kimble County. A Texas Department of Insurance (TDI) investigation alleges Andrew Joseph Mitchell signed the …
Albany Diocese Files for Bankruptcy Protection Amid Sex Abuse Litigation
The Roman Catholic Diocese of Albany has filed for Chapter 11 bankruptcy protection in New York as it, like other dioceses in the state, faces hundreds of lawsuits by survivors of sexual abuse by priests. Bishop Edward B. Scharfenberger of …
People Moves: Gallagher Promotes Kent to Lead Global Insurance Strategic Relationships; Wakefield Named CEO of Gallagher Re
Gallagher, the insurance brokerage, risk management and consulting services firm, announced that James Kent, currently global CEO of Gallagher Re, has been promoted to a new role with Gallagher as CEO, Global Insurance Strategic Relationships. In this role, Kent will …
People Moves: QBE North America Promotes Foley to Pres. Commercial Insurance; Browne to Lead AGCS Specialty Business
QBE North America Promotes Foley to President of Commercial Insurance QBE North America has promoted Michael Foley to president, commercial insurance. Foley will be responsible for planning, directing, and executing the vision for lines of business, including middle market, commercial …
Texas Oil & Gas Company Filed $39K After Employee Suffers Fatal Exposure
Federal investigators found an oil and gas company employee suffered fatal exposure to hydrogen sulfide while working near a sump pit in September 2022. The U.S. Department of Labor’s Occupational Safety and Health Administration issued citations to Production Waste Solutions …