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News – Insurance Journal
Trump Says U.S. Has Plan to Contain Coronavirus
President Donald Trump said on Wednesday that the United States has a plan in place to contain the coronavirus outbreak. Speaking on the sidelines of the World Economic Forum (WEF) annual meeting in Davos, Switzerland, Trump said: “We do have …
POSTED JANUARY 22, 2020 3:03 PM |
Marsh Sees Hike in Demand for Political Violence Insurance in Gulf After Tanker Attacks
Marsh, one of the world’s largest insurance brokers and risk advisers, has seen a spike in clients’ inquiries for political violence cover in the Gulf after attacks on tankers and oil installations rattled the region last year, an executive said. …
POSTED JANUARY 22, 2020 2:53 PM |
Ransomware Exposure Driving Up Cyber Insurance Costs
U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said. The changes follow a challenging year of hackers using malicious programs, …
POSTED JANUARY 22, 2020 2:31 PM |
Philadelphia Teachers Union Suing District Over Asbestos in Schools
The union representing public school teachers in Philadelphia is suing the district over its handling of asbestos contamination in schools, the union said Monday. The Philadelphia Federation of Teachers suit comes after the city school district was forced to close …
POSTED JANUARY 22, 2020 2:28 PM |
PMA Companies Names Consiglio as Vice President of Northeast Region
PMA Companies has named Jeanne Consiglio as vice president of the Northeast region. In her new role, Consiglio will be responsible for leading the company’s strategic growth objectives in Connecticut, the New York City metropolitan area, Massachusetts, Rhode Island, Vermont …
POSTED JANUARY 22, 2020 2:23 PM |
Massachusetts’ Sayata Labs Hires King Flynn as Head of Insurance
King Flynn has joined Sayata Labs, a Boston, Mass.-based, Axa-backed insurtech startup, as head of Insurance. Sayata helps insurance carriers and brokers accelerate their mid-market cyber business while simultaneously providing insureds with knowledge about their cyber posture so they can …
POSTED JANUARY 22, 2020 2:15 PM |
Pennsylvania Insurance Commissioner Appointed as NAIC Committee Chair
Pennsylvania Insurance Commissioner Jessica Altman has been selected for the second consecutive year to serve as chair of the Health Insurance and Managed Care Committee of the National Association of Insurance Commissioners (NAIC), the organization reported in announcing its leadership …
POSTED JANUARY 22, 2020 2:07 PM |
Natural Disasters in Past Decade Broke Records for Economic, Insured Losses: Aon
The past decade broke new records in terms of economic damages and insured losses, according to Aon’s latest catastrophe report. The costs to global economies reached US$2.98 trillion between 2010 and 2019, which was US$1.19 trillion higher than 2000-2009, said …
POSTED JANUARY 22, 2020 1:56 PM |
Pandemic Fears Grow as China Steps Up Efforts to Control New Flu-Like Coronavirus
Deaths from China’s new flu-like virus rose to nine on Wednesday with more than 470 confirmed cases, heightening global fears of contagion from an infection suspected to have come from animals. The previously unknown and contagious coronavirus strain emerged from …
POSTED JANUARY 22, 2020 12:55 PM |
Former Iowa Agent Sentenced to Federal Prison for Fraud
A Muscatine, Iowa, insurance agent has been sentenced to 18 months in federal prison for wire and mail fraud. Federal prosecutors for Iowa said that Ashley Erin Murphy Schneider, 37, was sentenced Thursday in Davenport’s federal courthouse after pleading guilty …
POSTED JANUARY 22, 2020 6:42 AM |
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