INSURANCE NEWS

In a Shifting Digital-Risk Landscape, Is Your GL Policy Leaving You Exposed?

The Shifting Landscape of Digital Risk: For years, many businesses have operated under the assumption that their general liability (GL) policy might offer a safety net for the physical consequences of a cyber event. However, since 2014 the ground beneath …
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Iran, US Step Up Attacks, Though Release of American May Signal Path to Climbdown

Iran and the United States exchanged intensified fire on Thursday in a week-long escalation that has all but torn up last month’s truce, though Iran’s release of a U.S. citizen pointed towards a path to avert the resumption of all-out …
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New Cases Slow in New York City Legionnaires’ Disease Outbreak

A Legionnaires’ disease outbreak in a New York City neighborhood now counts 60 cases, but new diagnoses are slowing, health officials said Tuesday. They reported progress on inspections for the disease-causing bacteria — finding traces in dozens of buildings including …
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Palm Beach Rejects Data Center Near Mar-a-Lago After Backlash

Palm Beach County commissioners rejected a proposal late Wednesday to build a digital infrastructure hub to house AI data centers and warehouses, voting in line with the ardent opposition from local residents. The facility, known as Project Tango, would have …
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Man Fleeing Immigration Officers in Florida Struck and Killed by Tractor Trailer

A man running from an encounter with immigration and other federal agents in Florida was struck and killed by a tractor trailer on Tuesday, authorities said. It was the third death in a week involving encounters with U.S. Immigration and …
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HSB (UK & Ireland) Names Former Munich Re Exec Götz as Dir. of Strategy, Value Propositions; Antares Appoints Interim CEO After Death of van der Straaten

This edition of International People Moves details appointments at the insurers HSB (UK & Ireland) and Antares. A summary of these new hires follows here. HSB (UK & Ireland) Names Former Munich Re Exec Götz as Dir. of Strategy, Value …
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AM Best Shifts Outlooks to Negative for Safety Insurance

AM Best has revised the outlooks to negative from stable while affirming the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (ICR) of “a” (Excellent) for Massachusetts-based Safety Insurance Co., Safety Indemnity Insurance Co., Safety Property …
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The Hanover Announces CEO Succession Plan; Roche to Retire at End of 2026

The Hanover Insurance Group announced that John C. Roche, president and chief executive officer, plans to retire on Dec. 31 following a distinguished 40-year career in the insurance industry. Richard W. Lavey, chief operating officer of The Hanover and president …
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London Offices Without AC Face New Price Risk Due to Heat Waves

London’s office market is weighing the possibility of lower prices for properties that don’t come with cooling options such as air-conditioning, according to real estate brokers and consultants. “Heat is now up there as a red flag,” said Chris Cummings, …
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Iran Warns Strait of Hormuz Is a ‘Red Line’ and Will Resist Until the End

Iran said on Thursday that the Strait of Hormuz was an inviolable “red line,” warning that if U.S. President Donald Trump carried out his threat to attack Iran’s infrastructure, it would strike all infrastructure across the Gulf region. The U.S. …
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People Moves: MEMIC Expands Northeast Underwriting Team with New Hire Rutledge

The MEMIC Group, headquartered in Portland, Maine, hired Sean Rutledge to its Northeast underwriting team as a production underwriter. Based in Massachusetts, Rutledge will partner with agents and employers across Massachusetts, Rhode Island and Connecticut, specializing in small business accounts. …
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India Bars Seafarers From Hormuz Voyages After Attacks

India has directed ship owners, ship managers and recruitment agencies to stop deploying the country’s seafarers on vessels going through the Strait of Hormuz following an upsurge in attacks. Among precautions, there should be no deployment of Indian crew members …
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