A Massachusetts company where a worker’s arm was inflated in an industrial accident has been cited by federal workplace safety regulators. The Occupational Safety and Health Administration on Wednesday says it’s recommending penalties of nearly $300,000 against Shield Packaging in …
Christmas is right around the corner, meaning that the time has come for the usual passel of lawsuits and threats of lawsuits, of bitter division over words and symbols — in short, of all the usual trimmings of the season. …
Novae Group plc, the specialist listed Lloyd’s insurer, announced the appointment of Helen Steadman as head of cargo. She reports to Darren Carr, head of marine. Steadman brings nearly a decade of cargo underwriting experience to Novae. She joins from …
The ongoing pressures of diminishing investment returns, dwindling loss reserves and intense competition are beginning to erode industry fundamentals, cautioned A.M. Best in a special report titled “Insurers Hunt for Diminishing Opportunities in a Market Laden with Challenges.” “There is …
Although small commercial insurance—outside of auto—is a top-line accelerator at The Hartford, auto insurance severity continues hitting the bottom line, say executives who expect a pretax $50 million prior-year reserve charge to impact fourth-quarter profits. During Goldman Sachs Financial Services …
Hackers targeted Turkish lender Akbank in a cyber attack on the SWIFT global money transfer system, the bank said, adding it faced a liability of up to $4 million from the incident but no customer information was compromised. It was …
Egyptian investigators found traces of explosives on victims of the crashed EgyptAir jet that went down over the Mediterranean seven months ago, in the clearest indication so far that terrorism may have caused the fatal incident. The findings have been …
Germany’s cyber security authority, the Federal Office for Information Security (BSI), criticized Yahoo on Thursday for failing to adopt adequate encryption techniques to protect its users’ personal data. The BSI also advised German consumers to consider switching to alternatives for …
Allianz SE, Europe’s largest insurer, is in discussions with Assicurazioni Generali SpA as it weighs a bid for the company’s French operations, according to people familiar with the matter. Allianz executives are uncertain whether a combination with the French insurance …
Southfield, MI, December 16, 2016 – Stephen Ruschak, President and Chief Operating Officer, The Guarantee Company of North America USA (The Guarantee USA), is pleased to announce that Dwight Teter has been appointed as Vice-President and Chief Underwriting Officer. Dwight …
