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News – Insurance Journal
Krefta, CEO of Hiscox Re & ILS, to Exit Hiscox to Pursue Interests Outside of Insurance
Hiscox, the global specialist insurer, announced that Mike Krefta has decided to return to the UK in early 2021, having completed almost four years as CEO of Hiscox Re & ILS based in Bermuda. After 17 years with Hiscox, Krefta …
POSTED AUGUST 03, 2020 8:55 AM |
Insurer Hiscox Reserves $232 Million for Coronvirus-Related Claims in First Half
Hefty payouts for sports events and holidays canceled due to the coronovirus crisis helped sent insurer Hiscox deep into the red on Monday and pummeled its shares to their lowest in more than two months. The company, which operates on …
POSTED AUGUST 03, 2020 8:43 AM |
AstraZeneca Gets Protection from Product Liability Claims Related to COVID Vaccine
AstraZeneca has been granted protection from future product liability claims related to its COVID-19 vaccine hopeful by most of the countries with which it has struck supply agreements, a senior executive told Reuters. With 25 companies testing their vaccine candidates …
POSTED AUGUST 03, 2020 7:46 AM |
Berkshire Hathaway Specialty Names Property Leadership in Middle East and Asia
Berkshire Hathaway Specialty Insurance (BHSI) announced that it has appointed Kapil Palathinkal as head of First Party Lines, Middle East, and Carlos Beltran as head of First Party Lines, Asia, overseeing General Property, Energy and Construction. Palathinkal, who is based …
POSTED AUGUST 03, 2020 7:34 AM |
Travelers Europe Enhances CyberRisk Product for UK and Ireland
Travelers Europe announced it has enhanced its cyber insurance product, Travelers CyberRisk, to provide more coverages and risk management solutions to strengthen customers’ overall cyber-security programs. The product is available to organizations of all sizes in the United Kingdom and …
POSTED AUGUST 03, 2020 7:14 AM |
North Carolina Prepares for Hurricane Isaias Amid Virus Fight
North Carolina Gov. Roy Cooper declared a state of emergency on Friday to help prepare for Hurricane Isaias, which he said will bring atypical challenges given the longstanding COVID-19 crisis. The emergency declaration, running concurrently with the one for the …
POSTED AUGUST 03, 2020 6:48 AM |
Louisville Police Sued by Civil Rights Groups Over Police Actions Against Protesters
The NAACP and the American Civil Liberties Union of Kentucky have filed a lawsuit alleging use of force and intimidation by Louisville police against protesters. The lawsuit alleges use of tear gas, pepper balls and batons against protesters as well …
POSTED AUGUST 03, 2020 6:44 AM |
2 New Sex Abuse Suits Filed Against Missouri Diocese
Two new lawsuits allege that the Diocese of Kansas City-St. Joseph in Missouri covered up abuse by two priests who were known to be sexual predators. The lawsuits, one filed on July 28 and the other on July 20, were …
POSTED AUGUST 03, 2020 6:21 AM |
5th Circuit: Texas Carrier Must Defend Against Claim Despite Policy Exclusion
Texas law requires an insurer to defend the grandparents of a 10-year-old boy who was killed while driving their all-terrain vehicle against a negligence lawsuit, even though the carrier says neither the boy nor the crash was covered by its …
POSTED AUGUST 03, 2020 5:29 AM |
Ohio Auto, Home Insurance Premiums Still Among Lowest in U.S.
On average, home and auto insurance premiums in Ohio remain among the lowest in the country, the insurance department says. The Ohio Department of Insurance reported that a recent analysis shows the average homeowners insurance policy costs Ohioans $862 annually, …
POSTED AUGUST 03, 2020 5:26 AM |
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