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Orloff to Replace Kelly as Head of Liberty Mutual Field Operations for Commercial Lines
News – Insurance Journal Sep 17, 2020 | 11:39 amLiberty Mutual announced that Marc Orloff has been named president, North American Field Operations, Global Risk Solutions (GRS) North America. Orloff replaces Shaun Kelly, who the company said has decided to leave the company. Kelly was named president of GRS[…]
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Ryan Specialty Group Names Cortezi, Nichols to Lead RSG Underwriting Managers
News – Insurance Journal Sep 17, 2020 | 10:47 amRyan Specialty Group has made two key appointments at its managing underwriting division, RSG Underwriting Managers. Nick Cortezi has been named chairman and chief executive officer of RSG Underwriting Managers and Matt Nichols has been named president. Both Nick Cortezi[…]
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Fitness Centers in California Suing State Over Virus Closures
News – Insurance Journal Sep 17, 2020 | 10:34 amCalifornia fitness centers have filed a lawsuit alleging Gov. Gavin Newsom’s measures aimed at curbing the spread of the coronavirus unfairly target the industry and are demanding they be allowed to reopen. The California Fitness Alliance, which represents nearly 300[…]
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Moody’s Says Property/Casualty Insurers Face Significant Losses from Western Wildfires
News – Insurance Journal Sep 17, 2020 | 10:28 amDozens of wildfires raging in California, Oregon, Washington and other Western states have resulted in loss of life, damaged or destroyed about 9,657 homes and commercial structures and burned more than 5 million acres, according to the National Interagency Coordination[…]
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Bayer Settles More U.S. Claims Over Weedkiller Roundup
News – Insurance Journal Sep 17, 2020 | 10:23 amBayer AG has settled thousands of U.S. Roundup weed killer lawsuits as part of an $11 billion settlement, reaching deals with the only lawyers who took cases to trial over allegations the herbicide caused cancer. In letters filed with U.S.[…]
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Sompo’s Davis Named President of Canopius USA as It Eyes Expansion
News – Insurance Journal Sep 17, 2020 | 10:19 amSpecialty insurer Canopius Group has appointed Lisa Davis to the new position of president and chief underwriting officer of Canopius USA, effective October 1. Davis joins Canopius from Sompo America Insurance Services, where she has served as executive vice president,[…]
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Slowness, Not Speed, of Hurricanes Like Sally Becoming Major Concern
News – Insurance Journal Sep 17, 2020 | 10:04 amFor Grant Saltz, who runs a barbecue restaurant in Mobile, Alabama, what struck him about Hurricane Sally was its steady, deliberate pace, after the storm rumbled into the U.S. Gulf Coast on Wednesday as a powerful Category 2 hurricane. “It’s[…]
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U.S. Prosecutors Charge 7 in Alleged Multi-Target Chinese Hacking Scheme
News – Insurance Journal Sep 17, 2020 | 09:48 amThe U.S. Justice Department said on Wednesday it has charged five Chinese residents and two Malaysian businessmen in a wide-ranging hacking effort that encompassed targets from video games to pro-democracy activists. Federal prosecutors said the Chinese nationals had been charged[…]
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Rental Car Company to Pay $80K in Penalties, Implement Reforms Over Fraud Allegations
News – Insurance Journal Sep 17, 2020 | 09:34 amA discount car rental company operating out of Newark and JFK Airports has agreed to pay $80,000 in penalties, enter binding arbitration to resolve consumer complaints and change its policies and practices following New Jersey Attorney General Gurbir S. Grewal[…]
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Arcadian Risk Starts New Underwriter in Bermuda With Third Point Re Backing
News – Insurance Journal Sep 17, 2020 | 08:56 amArcadian Risk Capital is launching as a new underwriting operation based in Bermuda that will initially underwrite excess casualty and professional lines insurance. Arcadian said it has received its licence from the Bermuda Monetary Authority and will operate as a[…]
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Blackstone Joins Brit’s Parent Fairfax in Investing in Lloyd’s Digital Venture Ki
News – Insurance Journal Sep 17, 2020 | 08:40 amDigital Lloyd’s syndicate KI reported that it has raised US$500 million from funds managed by Blackstone Tactical Opportunities and Fairfax Financial Holdings, parent of specialty insurer Brit that is behind Ki. Ki said the capital commitment will fund its expansion[…]
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How Spain’s COVID Tracing App Navigates Europe’s Privacy Protections
News – Insurance Journal Sep 17, 2020 | 08:03 am“What does RadarCOVID not do?” a promotional video for Spain’s contact-tracing app asks. The answer: while navigating the country’s decentralized healthcare system, it does not locate users, identify them, record personal details, or send data. Without a vaccine or a[…]
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Soccer Star Messi Scores Trademark Victory Over Massi in EU Court
News – Insurance Journal Sep 17, 2020 | 07:50 amBarcelona and Argentina captain Lionel Messi has won a legal battle over trademark rights relating to his own logo after the European Union’s top court on Thursday dismissed an appeal against the player from a Spanish cycling clothing brand. The[…]
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Oil Industry Begins Cleaning Up, Restarting Gulf Operations After Hurricane Sally
News – Insurance Journal Sep 17, 2020 | 07:23 amStorm-tossed U.S. offshore energy producers and exporters began clearing debris on Thursday from Hurricane Sally and booting up idle Gulf of Mexico operations after hunkering down for five days. The storm toppled trees, flooded streets and left about 570,000 homes[…]
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Weakened Hurricane Sally Leaves Gulf Coast With Flooding, Heads Northeast
News – Insurance Journal Sep 17, 2020 | 07:07 am09/17/2020 03:00 AM— Hurricane Sally moved northeast Thursday, where it was expected to bring more than a foot of rain to some areas, one day after it flooded streets and knocked out power to hundreds of thousands of homes and[…]
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Three Injured in Public Transit Bus Crash in Delaware
News – Insurance Journal Sep 17, 2020 | 06:00 amThree people were hurt when a public transit bus broke through a fence and a retaining wall, then landed in a parking lot after crashing into at least two other vehicles. The News Journal reports that a DART bus crashed[…]
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Businesses Need to Rethink Cyber Risks for Work-from-Home Employees
News – Insurance Journal Sep 17, 2020 | 02:15 amWhen worldwide lockdowns were imposed almost overnight in March, most employees thought they were leaving their desks behind for just a few weeks. Very few employers and employees would have predicted that six months later they would still be working[…]
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What Is the No. 1 Emerging Litigation Risk? ‘Forever Chemicals,’ Says Praedicat
News – Insurance Journal Sep 17, 2020 | 02:00 amThe top emerging litigation risk identified for the year ahead is PFAS, the so-called “forever chemicals” used in a wide variety of products such as Teflon, Scotchgard, food containers, firefighting foam and ski wax, said the co-founders of Praedicat, the[…]
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Software Glitch Blamed for Incorrect COVID Notifications to 7K in North Carolina
News – Insurance Journal Sep 17, 2020 | 01:32 amA county in North Carolina incorrectly told nearly 7,000 residents they had tested positive for the coronavirus due what officials say was a technical glitch. The messages were sent by text messages to more than 6,700 residents in Mecklenburg Countyincorre[…]
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Floridians Concerned About Disaster Recovery, Hurricane Deductibles: Survey
News – Insurance Journal Sep 17, 2020 | 01:18 amAs Hurricane Sally bears down on the Gulf Coast, a new survey is highlighting the concerns many Florida residents have about the impact of catastrophic storms on their communities and everyday lives, as well as if they are adequately insured[…]
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