INSURANCE NEWS
9-Year-Old Injured in Northern California Train Crash Dies
A 9-year-old boy who was badly injured in a Northern California commuter train crash that killed three other people has died, according to a GoFundMe page set up for his family. Julien Nieves of Dixon died this week of injuries …
People Moves: Heinrich CEO of Tokio Marine Highland; Kiernan, Smalley New Roles at AXA XL Re; QBE Re North America Promotions
AXA XL Reinsurance appoints Peter Kiernan as Head of US Property, Bermuda Reinsurance and Simon Penney, Head of Underwriting Analytics AXA XL Reinsurance has appointed Peter Kiernan as head of US Property, Bermuda Reinsurance, effective July 1. He will be …
WV Governor Pushes Back After Feds Deny Flood Assistance
West Virginia Gov. Jim Justice said he plans to appeal a ruling that denied federal assistance for flooding in three counties. Justice said Tuesday that the Federal Emergency Management Agency ruled that May 6 storm damage was not severe enough …
North Carolina Appeals Court Overturns COVID Coverage Ruling Against Insurer
A North Carolina appellate court has overturned a rare win by businesses seeking to compel insurance coverage for their COVID-19 shutdown losses. In North State Deli et al vs. The Cincinnati Insurance Co., a three-judge panel of the state Court …
People Moves: Chubb Global Markets Promotes Kirk to Head of Marine; WTW Hires PwC’s Tahir Thomson for Risk & Capital Mgmt.; BMS Names 4 Senior Leaders in Asia
This edition of International People Moves details appointments at Chubb Global Markets and two brokers, Willis Towers Watson (WTW) and BMS. A summary of the new hires follows here. Chubb Global Markets Promotes Kirk to Head of Marine Chubb announced …
The Next Frontier for Drones: Letting Them Fly Out of Sight
For years, there’s been a cardinal rule for flying civilian drones: Keep them within your line of sight. Not just because it’s a good idea – it’s also the law. But some drones have recently gotten permission to soar out …
Massachusetts High Court Rules Attorney’s Fees Are Not Part of Insured Damages
The Massachusetts Supreme Judicial Court has ruled that attorney’s fees from a consumer protection lawsuit are not covered as part of bodily injury damages under a business liability policy, reversing a lower court that had found they were covered. Attorney’s …
Dutch Airline KLM Sued by Environmental Groups Over Alleged ‘Greenwashing’ Ads
Environmental groups are suing the Dutch subsidiary of Air France-KLM over an advertising campaign they allege breaches European consumer law by misleading the public over how sustainable its flights are. Dutch campaigners Fossielvrij NL, supported by environmental law charity ClientEarth …
Markets/Coverages: Lloyd’s Insurer Probitas Starts Underwriting Cyber
Probitas 1492, the Lloyd’s insurer, has started underwriting cyber insurance with Richard Taylor, head of Cyber & Technology, focusing the book of business on complex small-and-medium-sized enterprises (SME), up to large single risks. “We have spent the past couple of …
Cybersecurity Firm Group-IB to Split Russian, International Businesses
Cybersecurity outfit Group-IB will split its Russian and international business into two separate companies in a bid to maintain a presence in both the Russian and overseas markets, the company said on Wednesday. (Reuters issued a statement with this article: …
Ryan Specialty Expands European Presence With Launch of Madrid Office
Ryan Specialty announced it has opened an office in Madrid as a next step in the evolution of the firm’s transactional risk managing general underwriter, Ryan Specialty Transactional Risks International. Madrid is the firm’s third European/UK office, the second in …
UK Government Chaos Sparks Fears in City of London of More Post-Brexit Limbo
City of London executives have expressed anxiety that the turmoil rocking the UK government may delay or derail post-Brexit reforms aimed at boosting competition and growth. The resignations of Chancellor Rishi Sunak and John Glen, economic secretary to the Treasury, …