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News – Insurance Journal
FM Global Promotes Johnson and Dempsey in EMEA Roles; Beazley Names Hiscox’s Wilson Head of Open Market, London; Rokstone Taps Pickard as D&F Property U/W
This edition of International People Moves details appointments at three insurers: FM Global, Beazley and Rokstone. A summary of these new hires follows here. FM Global Promotes Johnson and Dempsey in Senior EMEA Roles Commercial property insurer FM Global has …
POSTED OCTOBER 22, 2021 9:34 AM |
Bermuda’s Tax Advantage for Re/Insurers to Be Cut With 15% Global Minimum Tax: Fitch
Bermuda’s advantageous tax status for the re/insurance industry will be reduced at the margin with the expected passage of the recent multilateral agreement to establish a 15% global minimum tax rate, according to Fitch Ratings in a market commentary. The …
POSTED OCTOBER 22, 2021 8:04 AM |
Texas Workers’ Compensation Saw Telemedicine Services Skyrocket During Pandemic
Utilization of telemedicine services in the Texas workers’ compensation rose dramatically during the height of the COVID-19 pandemic, according to a recently published report from the Texas Department of Insurance (TDI). The report, “Evaluation of Telemedicine Services in the Texas …
POSTED OCTOBER 22, 2021 7:59 AM |
Aon and Cybereason Form Alliance to Help Protect Clients From Cyber Attacks
Insurance broker Aon and cyber security specialist Cybereason announced an alliance to help protect clients from sophisticated cyber attacks. Cybereason’s Cyber Defence Platform, together with Aon’s Cyber Solutions, will enable clients to better prevent, detect and respond to cyber threats …
POSTED OCTOBER 22, 2021 7:25 AM |
Employers in Qatar to Be Required to Provide Health Insurance for Expatriates
DOHA – Employers in Qatar will be required to provide health insurance coverage for expatriates and their families under a new law issued by the emir this week, a senior Qatari official said on Thursday. The huge number of foreign …
POSTED OCTOBER 22, 2021 7:00 AM |
Insurance Technology: Guidewire Guides Insurers to Insurtechs; Rhino, Cover Genius Offer Embedded Renters Insurance
Guidewire Guides Insurers to Insurtechs Guidewire Software has launched a program designed to connect its property/casualty insurance industry customers to up-and-coming insurtechs. Dubbed, Insurtech Vanguards, the program will highlight insurtechs that bring novel approaches to the industry. The program is …
POSTED OCTOBER 22, 2021 7:00 AM |
Canal Expands to Larger HQ in South Carolina
After adding 85 employees in the last three years, trucking insurer Canal Insurance will move to a new headquarters in downtown Greenville, South Carolina. The company, which specializes in commercial trucking and other specialty transportation insurance, said it will move …
POSTED OCTOBER 22, 2021 5:49 AM |
Worsening Off-Season Floods in Venice Trigger Fears About Climate Change Impact
VENICE, Italy (AP) – After Venice suffered the second-worst flood in its history in November 2019, it was inundated with four more exceptional tides within six weeks, shocking Venetians and triggering fears about the worsening impact of climate change. The …
POSTED OCTOBER 22, 2021 5:30 AM |
Mosaic Offers $600M of Capacity for War, Terrorism and Political Violence Risks
Bermuda-based Mosaic Insurance has extended its war, terrorism and political violence coverage to offer up to $600 million per risk. The increased capacity allows the company to serve clients via domestic U.S. or Bermuda markets through underwriting teams in both …
POSTED OCTOBER 22, 2021 5:30 AM |
Florida Litigated Claims Dropped 9% in September
The Florida Legislature’s recent efforts to curtail assignments-of-benefits abuse and excessive claims litigation may be having an impact, according to a new report from a lawsuit-tracking firm. CaseGlide, a litigation management software company that regularly reports on insurance litigation, said …
POSTED OCTOBER 22, 2021 5:19 AM |
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