People Moves: BMS Launches Global Healthcare Liability Unit, Led by Wendin From Carpenter; Gallagher Re Taps Hiscox’s Marling as UK COO
This edition of International People Moves details appointments at re/insurance brokers BMS and Gallagher. A summary of these new hires follows here. BMS Launches Global Healthcare Liability Unit, Led by Wendin From Carpenter BMS, the London-based independent specialist insurance and …
Agile Syndicate 2427 Gets Lloyd’s Approval to Begin Underwriting
Agile Underwriting Services has received approval from Lloyd’s to commence underwriting in May. Agile Underwriting Services Syndicate 2427 (AUS 2427) will be focused primarily on Australia and New Zealand and writing accident and health, aviation, casualty, construction, financial lines, and …
AM Best Upgrades Rating of Hamilton Re, Hamilton Insurance DAC to “A” (Excellent)
AM Besthas upgraded the Financial Strength Rating to “A” (Excellent) from “A-” (Excellent) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a-” (Excellent) of Hamilton Re Ltd., in Bermuda, and Hamilton Insurance Designated Activity Co., in Dublin, Ireland. …
What Is GPS Jamming and Why Is It an Aviation Problem?
Estonia has accused neighboring Russia of jamming GPS navigation devices in airspace above the Baltic states, echoing concerns from airlines that say they have been contending with such interference for months. Estonian Foreign Minister Margus Tsahkna’s accusation, for which he …
Hungary’s Orban Comes Under Fire From German Investors Decrying Cronyism
German companies have long treated Hungary like their backyard. Carmakers Mercedes Benz AG and BMW AG and Volkswagen AG’s Audi continue to expand their footprint, driving the country’s exports, while weapons producer Rheinmetall AG is building a handful of new …
The Future Is Near for Self-Driving Trucks on US Roads
On a three-lane test track along the Monongahela River, an 18-wheel tractor-trailer rounded a curve. No one was on board. A quarter-mile ahead, the truck’s sensors spotted a trash can blocking one lane and a tire in another. In less …
Newspapers Sue OpenAI for Copyright Infringement Over AI Training
A group of newspapers, including the New York Daily News and Chicago Tribune, sued Microsoft and OpenAI in New York federal court on Tuesday, accusing them of misusing reporters’ work to train their generative artificial-intelligence systems. The eight newspapers, owned …
‘Dirty Dozen’ Unsafe Employers Putting Workers at Risk
A retail giant, a space launch operation, a major food processor, the nation’s two biggest rideshare providers and a large healthcare system are among those entities marked as being among the most unsafe employers. The National Council for Occupational Safety …
South Florida ‘Butt Lift’ Surgery Clinic Linked to 15 Drug-Resistant Bacteria Infections
Florida and federal health officials have determined that 15 infections from a drug-resistant bacteria have been linked to a south Florida clinic that performed Brazilian “butt lift” surgeries in 2022 and 2023. “Multiple lapses in infection control and prevention were …
Study: California’s 2023 Snowy Rescue from Megadrought a Freak Event
Last year’s snow deluge in California, which quickly erased a two decade long megadrought, was essentially a once-in-a-lifetime rescue from above, a new study found. Don’t get used to it because with climate change the 2023 California snow bonanza —a …
New York Court Officer Wins 9/11 Workers’ Compensation Benefits on Appeal
On the morning of September 11, 2001, Robert Liotta was at his job as a senior court officer at 100 Centre Street in New York City when not far away terrorists attacked the World Trade Center. Right away, he began …
OSHA Cites Hanover Foods for 70 Alleged Safety Violations
Pennsylvania-based food manufacturer Hanover Foods Corp. has been found in violation of dozens of safety and health hazards at its Centre Hall facility, according to federal officials. The federal Occupational Safety and Health Administration opened an investigation at the Centre …
People Moves: BenefitMall Appoints Patton Benefits Sales Executive for Colorado
BenefitMall named Sam Patton to its team as the new benefits sales executive for Colorado. Patton specializes in ancillary benefits such as life, disability insurance, and executive supplemental disability. Patton most recently served as an executive disability benefits consultant with …
Connecticut Weighs Wide-Ranging Bill to Regulate AI. But Its Fate Is Uncertain.
The Connecticut Senate recently pressed ahead with one of the first major legislative proposals in the U.S. to rein in bias in artificial intelligence decision-making and protect people from harm, including manufactured videos or deepfakes. The vote was held despite …
Warren Buffett’s PacifiCorp Now Faces $30B Claim Demand in Oregon Wildfires
Berkshire Hathaway Inc.’s PacifiCorp now faces a demand for $30 billion from victims of Oregon’s 2020 Labor Day wildfires, an escalation of a legal onslaught on the largest grid operator in the western US. While the amount sought in an …
People Moves: SCOR Business Solutions Taps HDI’s McDonald as CEO, Succeeding Launay; Consilium Appoints Moore From Aon for Delegated Risk Solutions Team
This edition of International People Moves details appointments at SCOR Business Solutions and the re/insurance broker Consilium. A summary of these new hires follows here. SCOR Business Solutions Taps HDI’s McDonald as CEO, Succeeding Launay Reinsurer SCOR has named Claire …
Minivan Crashes Into Baseball Dugout Wall in Illinois, Injuring 3 Children
WOODSTOCK, Ill. (AP) — Three children were hurt when the minivan they were in rolled down a hill Saturday morning into a concrete baseball dugout in northern Illinois’ Woodstock. The children, ages 12 and 13, were hospitalized with mild to …
Oklahoma Insurance Commissioner Provides Resources for Storm Victims
Oklahoma Insurance Commissioner Glen Mulready notified residents of where to seek help and report damage in response to severe storms that killed four and left more than 20,000 people without power. “Our hearts go out to the communities impacted by …
Tornadoes Kill 4 in Oklahoma, Leaving Trail of Destruction
SULPHUR, Okla. (AP) — Tornadoes killed four people in Oklahoma, including an infant, and left thousands without power Sunday after a destructive outbreak of severe weather flattened buildings in the heart of one rural town and injured at least 100 …
Q1 Global Insured Natural Disaster Losses Driven by Severe Convective Storms: Aon
Global natural catastrophes cost insurers $17 billion during the first quarter of 2024 with economic losses rising above $45 billion, according to Aon’s Q1 Global Catastrophe Recap – April 2024. Q1 natural disaster losses were driven by severe convective and …
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