Moody’s, Israel’s Team8 to Offer Business Cyber Risk Benchmark for M&As, Insurance June 27, 2019 By Tova Cohen and Ari Rabinovitch Ratings agency Moody’s Corp. and Israeli cyber group Team8 launched on Thursday a joint venture to assess how vulnerable businesses...
Higginbotham Named Swiss Re’s CEO Reinsurance Asia, Replacing Plunkett June 27, 2019 Swiss Re announced that Russell Higginbotham has been appointed CEO Reinsurance Asia and regional president, effective July 8, 2019, and...
Swiss Re’s UK Unit ReAssure to Be Valued at up to $4.2B in IPO June 27, 2019 By John Revill UK life assurance business ReAssure will be valued at up to 3.3 billion pounds ($4.2 billion) when it floats on...
Michigan Democratic Leader Says Businesses, Heavy Trucks Must Fix Roads June 27, 2019 By David Eggert With Republicans firmly opposed to a 45-cents-a-gallon fuel tax hike, Democratic lawmakers want businesses to do more to help fix...
National Weather Service Confirms Rare West Virginia Tornado June 27, 2019 The National Weather Service says storm-related damage indicates that a rare tornado touched down in West Virginia. The weather service...
What Passed, What Didn’t: New Florida Laws Taking Effect July 1 June 27, 2019 By Amy O'Connor The Florida Legislature looked at and passed many pieces of legislation in the 2019 session that will impact the insurance...
Discovery of New Risk with Boeing 737 to Prolong Grounding June 27, 2019 By David Shepardson and Eric M. Johnson The U.S. Federal Aviation Administration has identified a new risk that Boeing Co. must address on its 737 MAX before...
Georgia Court: Insurer Can’t Deny Coverage Despite Misinformation on Application June 27, 2019 By Jim Sams An insurer that extended its workers’ compensation coverage for 90 days after discovering the employer had violated the terms of...
Former Washington Agent Pleads Guilty to Writing Fake Auto Policies June 26, 2019 Lilibeth Brulotte, a former Washington insurance agent, pleaded guilty in Pierce County Superior Court to third-degree theft in connection with...
Supreme Court Denies Injured Seaman’s Bid for Punitive Damages June 26, 2019 The Supreme Court has ruled that an injured merchant seaman can’t seek punitive damages based on the common-law maritime claim...