Monthly Archives: <span>June 2019</span>

New York City Uber Driver Gets Three Years for Kidnapping Sleeping Passenger

A man who drove for Uber in New York City has been sentenced to three years in federal prison for abducting a woman who fell asleep inside his vehicle. A judge Monday also ordered Harbir Parmar to pay more than …

High School Student Sued for Activating Virginia Hotel Room Sprinkler

A hotel’s insurance company has sued a high school student it claims caused more than $690,000 in damage by activating a sprinkler inside one of its rooms. The Virginian-Pilot reports Landstown High School senior Cade Anderson stayed at the hotel …

Philadelphia Refinery Fire Out, Probe into Cause of Blaze to Begin

A fire in a Philadelphia refinery struck by explosions and a pre-dawn blaze last week has now been extinguished as an investigation is launched into what caused it, authorities said. The blaze at the Philadelphia Energy Solutions Refining Complex, the …

BHSI Names QBE’s Walker as UK Head of Customer and Broker Engagement

Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its team in the UK with the appointment of Mark Walker as head of Customer and Broker Engagement. “I’m extremely pleased to have Mark leading our efforts to expand our broker …

Arthur J. Gallagher to Acquire Minority Stake in Prague-Based Broker Renomia

Arthur J. Gallagher & Co. announced it has signed an agreement to purchase a minority stake in Prague-based Renomia. The deal is subject to regulatory approval and is expected to close in the third quarter of 2019. Financial details of …

Telecoms Have Lost Vast Data to Chinese Hackers Over 7 Years, Security Firm Says

Hackers broke into the systems of more than a dozen global telecom firms and stole huge amounts of data in a seven-year spying campaign, researchers from a cyber security company said, identifying links to previous Chinese cyber-espionage activities. Investigators at …

Chubb, Hiscox, Tokio, Other Lloyd’s Underwriters Form Innovation Facility to Insure Emerging Risks

A group of Lloyd’s underwriters has launched a new facility with £53 million ($67.5 million) of capacity that is designed to speed up re/insurance product development for new and emerging risks. The Product Innovation Facility is led by senior underwriters …

Insurance King Joins Josh Bilicki for Double Duty at Chicagoland Speedway

Sugar Hill, GA, June 26, 2019 – Insurance King joins Josh Bilicki for double duty at Chicagoland Speedway. Josh Bilicki will compete in the NASCAR Gander Outdoor Truck Series race and the NASCAR Xfinity Series race in Chicago, driving the …

Top 15 Metro Areas at Risk this Hurricane Season

This post is part of a series sponsored by CoreLogic. Hurricanes are often some of the most destructive and costly natural hazards. Their impact on homes, businesses and infrastructure comes in the form of strong winds and flooding. There are …

Ex-AIG Employees, Seeking Back-Bonuses of $100M, Win British Court Ruling

A group of former traders and managers at American International Group Inc. won a London judge’s backing in their battle to obtain $100 million dating back to the financial crisis, after he said that the insurance giant couldn’t put forward …