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

Florida Regulator Approves Post-AOB Reform Rates for Citizens Policyholders

Florida’s insurance regulator has established 2019 rates for Citizens Property Insurance Corp. after the insurer resubmitted its rate filing as part of a requirement of the new assignment of benefits law that adjustments be made to proposed policyholder rates this …

UK Recorded Highest-Ever Temperature in Last Week’s Heatwave

The U.K. was never hotter. Last week temperatures reached 101.6 degrees Fahrenheit (38.7 Celsius) at the Cambridge Botanic Garden on July 25, the highest ever recorded in the U.K., according to a statement from the Met Office. Sweltering temperatures gripped …

UK Aims to Renegotiate a Brexit Deal – with Resistant EU

UK Prime Minister Boris Johnson will spend the next few weeks pressing the European Union to negotiate a better Brexit deal, his office said, while preparing the country to leave the bloc in case he fails. A messy no-deal divorce …

Chubb Names Kopp Head of A&H for APAC, Nisbet Appointed Thailand Country President

Chubb announced two leadership appointments for the company’s Asia Pacific business, which are effective from Oct. 1, 2019. Edward Kopp, currently country president of Chubb’s general insurance business in Thailand, has been appointed to the position of senior vice president, …

Challenges Facing the Florida Insurance Market: A Reinsurer’s Perspective

Hurricanes Irma and Michael served as a reminder that Florida, more than any other state, is at risk of one of the most intense natural perils, namely hurricanes. The existence of a stable insurance market providing its customers with a …

The Buckner Co. in Utah Names Kupfer Chief Sales Officer of Employee Benefits

The Buckner Co. has named Brad Kupfer chief sales officer of employee benefits. Kupfer will manage Buckner’s sales process for employee benefits in six offices. As a member of the senior executive team, Kupfer will help set the company’s strategy …

Nearly $2M Related to North Carolina Insurance Donor Bribery Case Taken by Feds

Federal authorities have grabbed nearly $1.5 million that a North Carolina insurance magnate intended to use as political donations, arguing the funds may be forfeited for an attempt to bribe the state’s top insurance regulator. Federal court records unsealed Friday …

The Evolution of Cyber Liability Exposure and Coverage

On July 25, Insurance Journal’s Academy of Insurance hosted a webinar by Joe Harrington, entitled The Evolution of Cyber Liability. Joe started the session in the early days of cyber liability when it was a fringe third-party liability coverage, sold …

Capital One Reports Data Breach of 100 Million Accounts; Suspect Arrested

Capital One Financial Corp. said on Monday personal information including names, addresses, phone numbers and credit scores of about 100 million individuals in the United States and 6 million people in Canada were obtained by a hacker who has been …

EU Lags Behind Britain in Preparations for No-Deal Brexit: CBI

The European Union is less prepared for a no-deal Brexit than Britain, potentially leaving British firms at a disadvantage if there is no transition agreement and weakening London’s hand in future trade talks, a British employers group said. The EU, …