Mass. Insurance Agency to Pay $5M Restitution for Agent Overcharging Customers February 4, 2019 A Peabody, Mass.-based insurance agency has been ordered by a Massachusetts judge to pay more than $5 million in restitution...
BHSI Withdraws from Hong Kong Employees’ Compensation Terrorism Pool December 10, 2018 Berkshire Hathaway Specialty Insurance Co. (BHSI) announced that it has withdrawn from the Hong Kong Employees’ Compensation (EC) terrorism pool,...
Aon Policy Provides Financial Support to Terrorist Victims September 27, 2018 Aon has collaborated with Pembroke Managing Agency at Lloyd’s to develop Public Protection Policy (PPP), which helps businesses provide financial...
UK Motor Insurers to Mutualize Claims for Terrorist Attacks Using Vehicles as Weapons July 23, 2018 UK motor insurers have voted for the Motor Insurers Bureau (MIB) to handle and pay the claims from victims involved...
Russia World Cup Insurance Premiums Rise on Risks of Terrorism, Hooliganism June 14, 2018 By Carolyn Cohn, Simon Jessop and Noor Zainab Hussain The risk of terror attacks and damage from hooligans has pushed up premiums for businesses and players buying insurance for...
Property MGA EPUL Offers Online Terrorism Cover as Pool Re Alternative in UK June 11, 2018 European Property Underwriting Ltd. (EPUL), the London-based commercial property managing general agent (MGA), has launched a flexible UK and Northern...
Pool Re Extends Retrocession Program to $2.9B with Cyber Terrorism Now Covered March 1, 2018 Pool Re announced it has renewed its retro program and extended the cover to include material damage and direct business...
UK’s Pool Re Launches Terrorism Risk Assessment Tool to Help Insureds Cut Premiums February 14, 2018 Pool Re, the UK terrorism reinsurer, announced the launch of the Vulnerability Self-Assessment Tool (VSAT). Aimed at medium and large...
Liberty Specialty Markets’ French Operation to Expand Product Range, Increase Team February 12, 2018 Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, is to broaden the range of product lines underwritten by its...
Pool Re to Include Physical Damage from Cyber Terrorism, Effective April 2018 November 28, 2017 Pool Re, the UK’s terrorism reinsurance pool, announced it will extend its cover to include material damage and direct business...