INSURANCE NEWS
Hilb Group Acquires Sharpline Brokerages of Pennsylvania
The Hilb Group announced that it has acquired Pennsylvania-based Sharpline Insurance Brokerages, expanding its property/casualty presence throughout the Mid-Atlantic. Based in King of Prussia, Pennsylvania, Sharpline Insurance Brokerages, through their subsidiaries Madison Risk Group and Trinity Asset Protection, specialize in …
Hawaii’s Mauna Loa Erupts, Sending Ash Nearby
Hawaii’s Mauna Loa, the world’s largest active volcano, has started to erupt for the first time in nearly four decades, prompting volcanic ash and debris to fall nearby, authorities said. The eruption began late Sunday night in the summit caldera …
People Moves: Liberty Mutual New Global Property Product Lead; Canopius Head of U.S. Actuarial; Dresner Takes Everspan CEO Role
Liberty Mutual Appoints Maria Grace to New Role of Global Product Leader, Property Liberty Mutual Insurance has appointed Maria Grace as global product leader, property, effective January 3, 2023. Grace will be responsible for the profit and loss of property …
Auto Dealer’s Insurer Not Liable for Auctioneer Employee’s Crash That Killed 5
A tragic accident at a Massachusetts auto auction company is not covered by the insurance of the auto dealer that hired the auction company to sell the vehicle involved in the accident. A federal appeals court has declined to perform …
SMBC Joins List of Aviation Lessors Suing Insurers Over Jets Stuck in Russia
SMBC Aviation Capital has joined most of the world’s largest aircraft lessors in pursuing insurance claims through the courts over jets it owns that are stuck in Russia, an Irish High Court filing showed. Irish-headquartered SMBC recorded an impairment of …
People Moves: Aon Reinsurance Solutions Names New APAC Leaders; Cyber Risk Modeler DeNexus Hires Aguilar as VP of Sales, EMEA
This edition of International People Moves details appointments at Aon Reinsurance Solutions and DeNexus. A summary of these new hires follows here. Aon Reinsurance Solutions Names New APAC Leaders Insurance broker Aon plc announced two new leaders within its Reinsurance …
Surfers Accuse UK Water Companies of Illegally Dumping Raw Sewage
Water companies illegally dumped raw sewage into the UK’s rivers at least 146 times this year, a campaign group called Surfers Against Sewage said. A report by the group argued that most of these discharges, known as “dry spills” because …
Mosaic Insurance Launches Frankfurt Office to Boost European Growth
Bermuda-based Mosaic Insurance is ramping up its global growth plan with the opening of an office in Frankfurt, Germany to meet high demand for cyber and transactional liability coverage through Continental Europe. The office marks the sixth for Mosaic since …
Two Rescued After Plane Crashes Into Power Lines, Causes Outages in Maryland
GAITHERSBURG, Md. (AP) —Two people were rescued early Monday more than six hours after their small plane crashed into live power lines, causing widespread outages in Montgomery County, Maryland. Montgomery County Fire Chief Scott Goldstein said the plane got stuck …
Norway to Improve Security Around Submarine Fiber Cables for Oil & Gas Industry
Norway will beef up security around the digital infrastructure that is essential for the Nordic country’s oil and gas production, following the recent sabotage on the Nord Stream pipelines. Norway will spend an additional 43 million kroner ($4.3 million) to …
EU Insurers, Banks Face Tougher Rules on Use of Cloud Computing Giants
Financial firms in the European Union will have to show how quickly they could recover from a cyber attack as they rely more for key services on “cloud computing” giants such as Amazon, Microsoft, Google and IBM, the EU said …
Google Play Fee Suit by Consumers Grows to 21 Million Users
Google now faces more than 21 million customers, instead of just a handful, in a lawsuit alleging its app store collects exorbitant fees. A federal judge exponentially increased the Alphabet Inc. unit’s damages exposure by granting class-action status Monday in …