INSURANCE NEWS
People Moves: Aon’s Mann, Trombino and Younger Join WTW Financial Institutions Team
WTW appointed three former Aon executives to roles within its financial institutions and professional services industry division, a part of Corporate Risk and Broking (CRB) North America. Heather Mann, based in Miami, joins WTW from Aon, where she spent the …
GEICO Tops Progressive With Higher J.D. Power Scores
Although Berkshire Hathaway’s Warren Buffett and Ajit Jain told investors last month that GEICO is playing catch-up with Progressive to improve technology and connect rate to risk, Berkshire’s personal auto insurer still surpasses Progressive on customer satisfaction. According to the …
CDK Tells Customers Dealer System Likely Down Until June 30
Car dealerships crippled by a cyberattack on software provider CDK Global probably won’t have their systems restored until the end of the month. In a message to clients Tuesday, CDK warned dealerships that because the outages could persist until June …
People Moves: Kelly, Cochrane and Gagne Join King Insurance; Alliant Adds Wimsatt
Florida-based King Insurance Partners hired new team members at its Manchester, New Hampshire location. Kathy Kelley, commercial lines manager, has been in the insurance industry for over 25 years in the Manchester area, previously serving as partner at Richard E …
People Moves: Sompo Taps AXA XL’s Murley as Head of UK Distribution, Insurance; Howden’s Aviation Announces 4 Senior Hires
This edition of International People Moves details appointments at Sompo International and Howden Broking. A summary of these new hires follows here. Sompo Taps AXA XL’s Murley as Head of UK Distribution, Insurance Sompo, the Bermuda-based provider of commercial and …
NTSB Proposes Major Safety Changes After 2023 Ohio Train Derailment
The National Transportation Safety Board opened a meeting Tuesday to determine the probable cause of a February 2023 Norfolk Southern NSC.N train derailment in East Palestine, Ohio and is making sweeping recommendations to boost rail safety. The derailment forced residents …
Officials Investigate Southwest Jet That Flew Low Over Oklahoma City Suburbs
DALLAS (AP) — Federal officials are investigating a Southwest Airlines jet that triggered a low-altitude alert as it prepared to land in Oklahoma City but was still nine miles from the airport. The Federal Aviation Administration said Thursday that an …
Velocity Risk Partners with LSU to Develop Gulf Coast Hurricane Model
Velocity HoldCo, the parent company for Velocity Risk Underwriters, announced a joint venture with Louisiana State University (LSU) on a Gulf Coast-central hurricane model. The model uses daily data to predict US hurricane seasonal activity, representing a significant advancement in …
Uber Picks Once-Rival Aurora to Launch Driverless Truck Offering in Texas
Nearly a decade after it began working on self-driving vehicles, Uber Technologies Inc. plans to haul freight fully autonomously for the first time later this year through an expansion of an earlier deal with Aurora Innovation Inc. The former rivals …
SE People Moves: Floyd Named IIAG President; CRC Adds Two to Tampa Team
Jimbo Floyd, head of Turner Wood and Smith Insurance in Gainesville, Georgia, has been sworn in as president of the Independent Insurance Agents of Georgia. Floyd has previously served as IIAG’s chairman of the board, vice president, secretary-treasurer and chair …
BlackSuit Cybercrime Gang Blamed in CDK Hack That Roiled Car Dealers
A hacking group called BlackSuit is behind the cyberattack on CDK Global that’s paralyzed car sales across the US, according to Allan Liska, a threat analyst at the security firm Recorded Future Inc. The cybercrime group has demanded an extortion …
Zurich Insurance Adding 600 People in India Following Kotak Deal
Zurich Insurance Group AG plans to increase headcount in India by 40% over the next three years, adding 600 people following its acquisition of a majority stake in Kotak Mahindra Bank Ltd.’s general insurance unit. The Swiss firm is pursuing …