INSURANCE NEWS
Del Vecchio’s Successor Shares Same Vision for Building Generali Into European Leader
Leonardo Del Vecchio’s right-hand man was named on Monday to succeed the Italian billionaire — who died last week — as chairman of the family’s Delfin holding company. Francesco Milleri, the 63-year-old appointed on June 28 to follow Del Vecchio …
UK Travel Insurance Policies May Not Cover Flight Disruptions Due to Strikes: Report
Insurance may not save you from summer travel misery. Four in 10 policies don’t protect against strikes, the UK consumer watchdog Which? reported in its annual review. If your airline goes bankrupt, only half will refund your holiday costs. The …
Heavy Rains Ease Over Sydney but Floods Continue to Force Evacuations
A wild storm system that has pounded parts of Sydney with torrential rain for four days has moved away from the city, satellite images showed on Wednesday, although rivers remained above danger levels, forcing more evacuations. In Australia’s third major …
25 Years: The Journey of Cyber Insurance
While young underwriters may think that cyber insurance is a recent coverage innovation, the line is actually more than two decades old. Here, Kurtis Suhs, a veteran of the cyber insurance industry who served as an investigator and criminal coordinator …
Nonprofit’s Lawsuit Seeks Access to Baltimore Police Records
A lawsuit recently filed by a Baltimore nonprofit alleges the city department that handles police records is improperly shielding police misconduct documents. The suit brought by the transparency advocacy group Open Justice Baltimore and two journalists alleges the Baltimore Law …
Report: Sharp Increase in California Workers’ Comp Med-Legal Costs
Payments for medical-legal services used to resolve medical disputes over compensability issues in California work injury claims have risen sharply under the new Medical-Legal Fee Schedule that took effect last year, a new report shows. The report from the California …
Insurer’s Good Deed Restarts the Clock on Benefits, Carolina Appeals Court Finds
Insurers might say this one falls in the category of “no good deed goes unpunished.” In a workers’ compensation decision published today, July 5, the North Carolina Court of Appeals held that the re-issuance of a missing check to an …
Rates Increases Steady in Q2: MarketScout
MarketScout said commercial property/casualty rates in the U.S. during the second quarter 2022 were about the same as the first quarter, with composite average rate increases across all lines of just over 5.9%. Increases were 6% in the first quarter …
Austin, Texas Officials Report At Least 90 Fires From July 4th Celebrations
The Austin, Texas fire department reported at least 90 fires the night of July 4th in spite of a fireworks ban ordered by Austin and Travis County officials. Most of the fires were small grass, dumpster and trash fires, the …
Lawsuits Filed After Deadly Missouri Amtrak Crash
The first lawsuits have been filed only days after an Amtrak train collision and derailment in rural Missouri that left four people dead and injured up to 150 others. In a federal lawsuit filed last Friday, surviving passenger Janet Williams …
Texas Manufacturing Company Fined $400,000 Over Worker’s Injuries
A federal workplace safety investigation found that a temporary worker suffered serious injuries on Jan. 3, 2022, after being struck by a large mold at a Texas concrete polymer manufacturing company. It was determined that the employer failed to install …
People Moves: Gray Insurance Co. Names Boudreaux as President; Beacon Hill Adds Radcliffe, Skiles
The Gray Insurance Company Names Borne “Paul” Boudreaux, III as President The Gray Insurance Company announced that Borne “Paul” Boudreaux, III will be named President of the Company, effective July 1, 2022. In his new position, he will take a …