INSURANCE NEWS
Former Student Sues Southern Miss and Fraternity Over Alleged Hazing Injuries
A former Omega Psi Phi pledge who alleges he was so severely beaten during the Nu Eta chapter’s “Hell Night” that he had to relearn how to walk is now suing the fraternity, the University of Southern Mississippi, multiple other …
People Moves: Poland’s Largest Insurer PZU Names Benczak as CEO
Poland’s largest insurer PZU has appointed Bogdan Benczak as its new chief executive, filling a role that had been led by an acting CEO since the dismissal of his predecessor in August. The appointment, effective September 25, is conditional on …
Amazon Sues to Block New York State Labor Law
Amazon.com sued the New York State Public Employment Relations Board on Monday to block it from enforcing a new law that the online retailer considers an attempt to illegally regulate private sector labor relations. In a complaint filed in Brooklyn …
The Fidelis Partnership Launches MGA, Imala Re, Opening 1st US Office in Miami
Pine Walk Capital Ltd., the specialist MGA platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced it has launched a new managing general agent, Imala Re. TFP also announced it will be opening a Miami office on Oct. …
Storm Ragasa Nears Vietnam After Soaking Southern China
Tropical Storm Ragasa is moving toward northern Vietnam, threatening to drench the capital of Hanoi with heavy rain, after weakening overnight as the system tracked across southern China. The storm was near Beihai, packing maximum sustained winds of 75 kilometers …
Collins Aerospace Working on Restoring Software for Airlines Hit by Cyberattack
RTX subsidiary Collins Aerospace is working on restoring its onsite passenger processing software for airlines after a cyber “intrusion” disrupted operations, the company said on Wednesday. Charlotte, North Carolina-based Collins Aerospace experienced a disruption on September 19 to its MUSE …
Denmark Reels From Second Drone Attack in a Week Halting Flights
Denmark endured the second drone attack this week as authorities probe Russian involvement in an earlier incident. Large professional drones spotted at five regional airports in Denmark disrupted flights and sparked a major police operation. The airports are open now. …
India Considers Nuclear Liability Fund for Major Accidents, Sources Say
India plans to set up a nuclear liability fund to cover accident compensation in excess of 15 billion rupees ($169 million) owed by plant operators, in a bid to ease risk-sharing concerns among global suppliers and private firms, two government …
US Intends to Cancel $13 Billion in Funds for Green Energy
The U.S. Department of Energy intends to cancel more than $13 billion in funds that the Biden administration had pledged to subsidize wind, solar, batteries and electric vehicles, it said on Wednesday. It was not immediately clear which funds were …
Private Detectives Tail French Workers to Root Out Surging Sick Leave Fraud
Fabrice Lehmann caught sight of his target as he left his suburban Paris home, dressed for work. He began tailing him, trying to blend in with the commuters heading into the city. A private detective since 1994, Lehmann has increasingly …
People Moves: Howden US Appoints Peterson to Lead Construction, Infrastructure and Surety; Sokol Named Head of Excess Casualty for ICW Specialty
Howden US, headquartered in Columbia, South Carolina, appointed Mark Peterson as head of its construction, infrastructure and surety practice. Peterson joins Mike Parrish’s Howden US team and works closely with Naresh Dade, global head of construction, as part of Howden’s …
Viewpoint: The New Era of Insurance Pricing Involves Precision, Speed, and Control
For decades, insurers have relied on spreadsheets and legacy systems to manage one of their most critical functions: pricing. But as market dynamics shift and pressures intensify, the old tools are no longer fit for this purpose. In today’s volatile …