Monthly Archives: <span>April 2023</span>

Connecticut Landlord to Pay $400,000 for Tenant Harassment

A former Connecticut landlord must pay $400,000 to settle a federal lawsuit alleging he violated the Fair Housing Act by sexually harassing and victimizing his female tenants for at least five years, including evicting or threatening to evict those who …

People Moves: QBE Nabs Davis From Beazley to Head Cyber; Dhillon Head of Markel’s Catastrophe, Exposure Management

QBE Names Davis to Newly Created Position: Global Head of Cyber QBE Insurance Group Limited has appointed Serene Davis to newly the created position global head of cyber. Davis will begin working in the role on May 15. Davis will …

South Florida Condo Building Evacuated After 60-Year Inspection

Residents of a South Florida waterfront condominium that was deemed unsafe during a recent inspection have until Tuesday morning to evacuate. A building engineer conducting an inspection on April 14 for the Majestic Isle condominium’s required 60-year certification found sagging …

Distracted Driving: A Fatal Problem with Seemingly Simple Solutions

In 2021, distracted driving killed 3,522 people. April is Distracted Driving Awareness Month, and statistics show that distracted driving has become an increasingly common and fatal hazard. According to the National Highway Traffic Safety Administration (NHTSA), in 2020, 8% of …

China’s Ping An Insurance Reports 48.9% Rise in Q1 Profit

Ping An Insurance (Group) Co. of China Ltd. saw a 48.9% rise in first-quarter net profit as its investment income improved, China’s largest insurer by market value reported on Wednesday. Profit rose to 38.4 billion yuan ($5.55 billion) for the …

Lessons From Inside: Two Cyber Experts Share Biggest Risks for Companies

On this episode of The Insuring Cyber Podcast, two cybersecurity experts shared their inside view of the current cyber risk landscape. “While working in the cybersecurity industry for several years, you get to understand the pain points of CISOs (chief …

Catastrophe Losses Hinder Chubb Q1 Net Income

First quarter net income at Chubb Ltd. fell several percentage points to about $1.9 billion as catastrophe losses evened gains in premiums written. P&C underwriting income was about $1.21 billion, down 5.5% from about $1.28 billion the prior year first …

People Moves: Hiscox Re & ILS Hires Hamilton Re’s Shah as Dir. of U/W Risk; BHSI Names Claims Execs in Germany; Aon’s Reins. Solutions Taps AXA XL’s Grigg for Cyber

This edition of International People Moves details appointments at Hiscox Re & ILS, Berkshire Hathaway Specialty Insurance (BHSI), and Aon’s Reinsurance Solutions A summary of these new hires follows here. Hiscox Re & ILS Hires Hamilton Re’s Shah as Director …

Insurance Industry Leaders Warn Not to Do This When Facing Inflation and Recession

This post is part of a series sponsored by AgentSync. If the U.S. or global economy falls into a recession, it won’t be the first time – nor will it be the last. Despite the urge to take your foot …

EU Lawmakers Back Human Rights, Environmental Checks for Big Companies

European Union lawmakers on Tuesday backed rules requiring thousands of large companies to identify and mitigate human rights abuses like child labor or slavery, and environmental damage by suppliers. The European Parliament’s legal affairs committee voted to approve the draft …