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News – Insurance Journal
P/C Insurers Returned $13B in Premiums Due to COVID-19 Reduced Exposures
U.S. property/casualty insurers returned nearly $13 billion in premiums to policyholders in 2020 to reflect reduced exposures from the COVID-19 pandemic. Auto insurers returned premium in the greatest numbers, though general liability, workers’ compensation, event cancellation and inland marine sectors …
POSTED APRIL 21, 2021 1:15 PM |
How U.S. Plans to Protect Power Grid From Foreign Hackers
The White House unveiled on Tuesday a 100-day plan intended to protect the U.S. power grid from cyber-attacks, mainly by creating a stronger relationship between U.S. national security agencies and the mostly private utilities that run the electrical system. The …
POSTED APRIL 21, 2021 12:12 PM |
People Moves: Liberty Specialty Promotes Warren; GC FAC’s Smith to Miller; Everest’s Geddes to MS Amlin; Pro Global Hires; Generali Promotions
This wrap-up of international People Moves details recent appointments at Liberty Specialty Markets, re/insurance broker Miller, MS Amlin, Pro Global Holdings and Generali Global Corporate & Commercial. A summary of these new hires follows here. Liberty Specialty Markets (LSM), part …
POSTED APRIL 21, 2021 11:54 AM |
More Assertive SEC Smacks Down SPACs: Viewpoint
Investor Jeremy Grantham says special purpose acquisition companies, which raise money in an initial public offering and then find a promising company with which to merge, are a “license to rip investors off.” On an investing podcast in February, the …
POSTED APRIL 21, 2021 11:45 AM |
Chinese Military Reported to Be Behind Japan Cyber Attacks
China’s military is thought to have instructed a hacker group to conduct cyber attacks on nearly 200 Japanese research institutions and firms, public broadcaster NHK reported, citing unidentified people in a police investigation. The investigators found a member of China’s …
POSTED APRIL 21, 2021 10:27 AM |
Bank of England Warns of Potential Risks from Cloud Data Providers
LONDON – The Bank of England might strengthen its controls on cloud data providers and other technology firms to counter possible risks to the stability of the financial system from the rise of fintech, Deputy Governor Dave Ramsden said. The …
POSTED APRIL 21, 2021 10:08 AM |
Mom Sues Over Teen’s Suicide at Maine Youth Detention Center
The mother of a transgender teenager who died by suicide at a youth detention center in Maine has filed a wrongful death lawsuit against the state. Michelle Knowles, of North Vassalboro, filed the lawsuit Tuesday against the Maine Department of …
POSTED APRIL 21, 2021 10:00 AM |
New York Petroleum Carrier Pays $375K for Seaman’s Protection Act Violation
A Long Island, New York-based petroleum barge company and three former and current management officials have paid $375,000 in restitution to the brother of one of two seamen killed in a barge explosion off the coast of Texas. The seaman …
POSTED APRIL 21, 2021 10:00 AM |
Maine Man Charged with Hate Crime in Black Church Arson
A Maine man accused of setting fire to a Massachusetts church with a predominantly Black congregation been charged with hate crime offenses, federal prosecutors said. Dushko Vulchev is charged in federal court with four counts of damage to religious property …
POSTED APRIL 21, 2021 10:00 AM |
Insurers Warn that Drivers May Not Understand Limits of ‘Automated’ Car Technology
LONDON – Britain’s goal to be a leader in adopting self-driving cars could backfire unless automakers and government regulators spell out the current limitations of the technology, insurance companies warn. Insurers are key players in the shift to automated driving, …
POSTED APRIL 21, 2021 9:55 AM |
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