Yearly Archives: <span>2021</span>

Google to Offer Cyber Insurance From Allianz, Munich Re to Cloud Users

Google is teaming up with two global insurers to cover cyber breaches and related risks for businesses that use its cloud services, the first time a major provider has opened up such insurance to its clients, the companies said on …

Reinsurers Saw ‘Good’ Rate Hikes in January Renewals, but Will Be Asking for More: S&P

Global property and casualty reinsurers saw “good” rate increases during the January 2021 renewals but they came up short of a hard market, dashing reinsurers’ hope of a strong start for 2021, according to a report from S&P Global Ratings. …

Post-Brexit Exodus of Staff and Assets from London to EU Slows

LONDON – The shift in financial staff and assets from the City of London to the European Union because of Brexit has eased after Britain completed its full departure from the bloc, a tracker from consultants EY showed on Tuesday. …

Supreme Court Justices Question Patent Tribunal’s Constitutionality

U.S. Supreme Court justices on Monday signaled they may rein in the power of in-house judges serving on a U.S. Patent and Trademark Office tribunal who have the ability to cancel patents in a case involving a dispute between surgical …

U.S. Conducting Probe of 1.9M Toyota RAV4s Over Fire Risk

U.S. auto safety regulators on Monday said they have opened an investigation into nearly 1.9 million Toyota RAV4 sport-utility vehicles over potential fire risks. The National Highway Traffic Safety Administration (NHTSA) said the preliminary evaluation looking at 2013-2018 RAV4 vehicles …

Hub Adds Entertainment Specialist Cloward from Allianz in California

Hub International has added entertainment insurance specialist David Cloward as practice leader in the Los Angeles, Calif. office. Cloward will focus on managing film, production, venue, business management and live entertainment clients and supporting the entertainment and sports specialty strategy …

Winter Storm Uri Losses in Texas Expected in $10B – $20B Range

It’s likely that insured losses in Texas from Winter Storm Uri, which overwhelmed the state in mid-February, will climb into the $10 billion to $20 billion range, according to catastrophe modelers and insurance industry market analysts. Losses from Uri may …

Many States Lack Flood Risk Disclosure Laws for Homebuyers

Homebuyers in nearly half of the states including hurricane-prone Florida can be left in the dark about the flood risks to their new house. The Natural Resources Defense Council (NRDC) ) has released an updated scorecard that shows which states …

Historic General Store in North Carolina Destroyed by Fire

A century-old general store in the northwest North Carolina mountains known as a gathering place for local commerce and memories was destroyed by fire, authorities said. The Todd General Store, established in 1914 and identified in the National Register of …

3 Vehicles Stolen in Attack on Illinois Luxury Car Delivery Driver

Four men attacked a luxury car delivery driver in suburban Chicago and took off with three high-end vehicles, authorities said. The attack, which was captured on video, took place early in the morning on Feb. 25 at Jidd Motors in …