Monthly Archives: <span>May 2018</span>

Uber Hires Ex-Regulator for Safety Advice; Website Says Software Flaw Caused Accident

Uber Technologies Inc. on Monday said it has retained a former top U.S. transportation official to advise it on safety after a fatal self-driving crash in March, but it declined to comment on a technology website’s report that a software …

With Just Weeks to Go for GDPR, Europe’s Regulators Say They’re Underfunded, Unprepared

FRANKFURT/BRUSSELS/PARIS— Europe’s General Data Protection Regulation (GDPR) has been billed as the biggest shake-up of data privacy laws since the birth of the web. There’s one problem: many of the regulators who will police it say they aren’t ready yet. …

Gallagher Acquires UK Regional Commercial Broker Risk Services (NW)

Insurance broker Gallagher reports it has acquired regional commercial insurance broker Risk Services (NW) Ltd., based in Chester. Terms of the transaction were not disclosed. Risk Services was established in 1999 by Managing Director Steve Lowe Since then the business …

Want Flood? Let the Market Make it Happen.

I spent a day last week in a conference that was focused on some specific risks that make up a property insurance gap nationwide. The morning was focused on one of my favorite soap boxes, flood. You guessed it. It’s …

Oil Companies Ask Judge to Kill NYC’s Global Warming Lawsuit

Five of the world’s biggest oil companies asked a judge to throw out New York City’s lawsuit seeking to hold them responsible for costs related to the environmental changes caused by their products. BP Plc, Chevron Corp., ConocoPhillips, Exxon Mobil …

USI Closes Acquisition of New York’s Key Insurance & Benefits Services

USI Insurance Services (USI) announced the closing of its acquisition of Key Insurance & Benefits Services Inc., formerly part of KeyBank. Terms of the transaction were not disclosed. USI is a Valhalla, N.Y.-headquartered insurance brokerage and consulting firm delivering property …

Cuomo Says Plan for NYC Drug Injection Sites Will Be Reviewed

New York Gov. Andrew Cuomo says a proposal to open supervised injection sites for illegal drug users in an effort to combat fatal overdoses will be closely reviewed. Cuomo said Friday that the goal of fighting opioid overdoses is “laudable.” …

Insurance Journal Blog Seeks Input to Feature ‘Flipsides’ of Insurance Industry

Insurance Journal has launched a blog titled “Insurance Flipsides” to highlight stories that don’t often get told about the insurance industry. The editors would like this to be a collaborative effort and are asking for help from readers with suggestions …

China’s Anbang Insurance Eyes Divestment Strategy

Anbang Insurance Group Co., the once-acquisitive Chinese insurer that’s operating under government control, said it is in the process of reviewing all of its overseas assets amid reports of imminent divestments. Responding to questions from Bloomberg News, Anbang said it’s …

Chubb Names Williams Executive VP, Manufacturing Industry Practice Leader

Mike Williams is returning to Chubb to serve as as executive vice president and Manufacturing Industry practice leader. In this role, Williams will lead strategic efforts around mid-market business and relationships with key distribution partners. After a 27 year career …