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

New York’s SterlingRisk Insurance Hires DelPrete

SterlingRisk Insurance, a Woodbury, N.Y.-based, independently owned insurance brokerage, has hired Geraldine DelPrete as director of programs and senior vice president. DelPrete brings more than 25 years of experience to SterlingRisk, having held senior reinsurance and program development positions at …

Wilhelm Named Account Manager at New Jersey’s RT New Day

RT Specialty has named Daniel Wilhelm as an account manager within its National Environmental and Construction Professional Liability Practice. In this role, he is responsible for supporting new business and marketing efforts as well as coordinating the renewal process for …

Federal Agency Probing Accident That Sickened Amazon Workers in New Jersey

Federal officials will review an accident in which an automated machine punctured a can of bear repellent at an Amazon warehouse in New Jersey, releasing fumes that sickened workers and sent two dozen to hospitals. The Occupational Safety and Health …

Learning from Equifax Breach Where Growth Outpaced Security

Equifax Inc. failed to modernize its technology security to match the company’s aggressive growth strategy and data gathering, a shortcoming that left it open to the 2017 hack that compromised the information of 148 million people, according to a House …

Bureaucratic Disputes, Funding Problems Hinder Search for 2nd Lion Air Black Box

Bureaucratic wrangling and funding problems have hampered the search for the cockpit voice recorder of a crashed Lion Air jet, prompting investigators to turn to the airline to foot the bill in a rare test of global norms on the …

Olympus to Pay $85 Million for Failing to Report Medical Device Contamination Risks

An Olympus Corp. subsidiary pleaded guilty on Monday and agreed to pay $85 million to resolve charges that it failed to file reports with U.S. regulators regarding infections connected to its duodenoscopes while continuing to sell the medical devices used …

Fed Chair Says Wells Fargo Must Address Risk Management Before Any Growth

Wells Fargo & Co. must keep a lid on its growth until the bank has hardened its risk management policies to prevent any further abuse of its customers, said Jerome Powell, chairman of the Federal Reserve. In February, the Fed …

Cyber Attack Targets Italian Oil-Services Firm Saipem

The Italian oil-services company Saipem SpA is still assessing the scope and impact of a cyber attack that targeted its servers in the Middle East, according to the company’s head of digital and innovation. “We’re keeping the servers down to …

Willis Towers Watson Launches New Version of Radar Pricing Software

Willis Towers Watson announced the launch of the latest version of its Radar pricing software. With the speed of change and disruption across markets and products accelerating, Radar 4.2 provides insurers with “a future-proofed solution designed to achieve agile, sophisticated …

S. Africa Lender FirstRand Aims to Offer Services Such as Insurance

FirstRand Ltd. is emulating Amazon.com Inc. with a digital offering that will span everything from insurance, car license renewals to locating plumbing services as the South African bank chases new revenue sources. Africa’s biggest lender by market value is pushing …