Hackers steal $64 million from cryptocurrency firm NiceHash
(Reuters) — Slovenian cryptocurrency mining marketplace NiceHash said it lost nearly $64 million in a hack of its payment system, the latest incident to highlight the risks that uneven oversight and security procedures pose to digital currencies such as bitcoin.
Driver without car insurance has license suspended until 2057
Caught 28 times driving without insurance coverage cost one Irish driver 40 years of legal driving privileges, the United Kingdom’s Metro news site reported.
I Tribunali britannici potrebbero vedere aumentare le richieste dalle assicurazioni
La Bank of England ha avvisato i Tribunali inglesi sull'aumento di richieste da parte degli assicuratori a seguito della decisione dell'U.K. di lasciare l'Unione europea. Ha riportato City A.M. L'autorità normativa ha detto che gli assicuratori programmeranno di garantire nuove autorizzazioni per le compagnie esistenti oppure di trasferire i contratti a nuove compagnie. Il processo […]
Assicuratore francese lancia dei bond per coprire i danni catastrofali
Covea Mutual Insurance Group Co. con sede in Francia ha lanciato un'obbligazione per coprire le richieste di risarcimento causati dalle tempeste verificatesi in Europa. L'obbligazione fornirà 90 milioni € di protezione riassicurativa contro le tempeste in Francia, Andorra e Monaco, ha riportato Artemis.bm. Il bond Hexagon Reinsurance fornirà la copertura per quattro anni. Per saperne […]
Sedgwick acquista Cunningham Lindsey
Sedgwick Claims Management Services Inc. ha concordato di acquistare il perito assicurativo e gestore delle richieste d risarcimento Cunningham Lindsey Group Ltd. David North, presidente e CEO di Sedgwick ha affermato che la transazione aumenterà in modo significativo la presenza internazionale della compagnia. Cunningham Lindsey ha circa 6.000 dipendenti in 600 uffici in 60 Paesi. […]
Arresto di criminale informatico in Bielorussia
È stato arrestato uno dei criminali informatici più prolifici dell'europa dell'Est. In un'operazione congiunta che ha coinvolto Bielorussia, Germania e Stati Uniti, un cittadino della Bielorussia è stato arrestato martedì. È sospettato di vendere software malevolo ed è descritto come l'amministratore delle rete Andromeda. Andromeda è composta da una collezione di "botnet" o gruppi di […]
Riassicuratore sponsorizza posto presso l’università
Andrew Silke è stato nominato primo professore in Gestione del rischio nel terrorismo e in resilienza presso l'Università di Cranfield in UK. La remunerazione per tale posizione verrà condivisa da Pool Reinsurance Co. Ltd. britannica e dall'università per un periodo iniziale di cinque anni. Il sig. Silke rivestirà questo nuovo ruolo dal 31 gennaio Per […]
Britische Gerichte müssen mit einer Zunahme an Versicherungsanträgen rechnen
Die Bank of England warnte Gerichte in Großbritannien vor einer deutlichen Zunahme der Anträge von Versicherern nach dem Beschluss Großbritanniens, die Europäische Union zu verlassen, heißt es in einem Bericht von City A.M. Der Regulierungsbehörde zufolge werden Versicherer planen, entweder für vorhandene Unternehmen neue Genehmigungen einzuholen oder Verträge auf neue Unternehmen zu übertragen. Die Übertragung […]
Französischer Versicherer gibt Anleihe zur Deckung von Katastrophen heraus
Die in Frankreich ansässige Covea Mutual Insurance Group Co. führte eine Anleihe zur Deckung der durch die Stürme in Europa verursachten Versicherungsansprüche ein. Die Anleihe wird Rückversicherungsschutz in Höhe von 90 Mio. € für die durch die Stürme in Frankreich Andorra und Monaco verursachten Schäden gewähren, berichtet Artemis.bm. Die Hexagon Reinsurance Anleihe wird Deckung für […]
Safety advocate to retire
The American Society of Safety Engineers’ executive director Dennis Hudson will retire in April 2018, the association announced on Thursday. Mr. Hudson, 65, has been executive director of the Park Ridge, Illinois-based organization for two years and has worked with ASSE for 10 years. “Dennis has been a dynamic and trusted leader who has made […]
Texas sets 2018 medical fee guideline conversion factors
The Texas Department of Insurance has sets medical fee guideline conversion factors for 2018, based on the Medicare Economic Index, which increased 1.4% for next year.
Autonomous vehicles, drones offer new insurer risks and opportunities
Drones and self-driving vehicles offer great opportunities for the insurance sector, but also new exposures that must be vetted and addressed from an insurance and risk management perspective.
Los Angeles police union can create comp delivery system
Officers with the Los Angeles Police Protective League will be able to create their own alternatives for workers compensation benefit delivery and dispute resolution under a collective bargaining agreement with the City of Los Angeles.
Maria loss estimate lowered; rates still set to rise
Catastrophe modeling firm AIR Worldwide has updated its loss estimates for Hurricane Maria in the Caribbean to between $27 billion and $48 billion, with losses in Puerto Rico estimated at between $25 billion and $43 billion. In late September, AIR had estimated that Maria would cause insured losses of between $40 billion and $85 billion. […]
Insurer redomiciles captive to Bermuda
London-based insurer and reinsurer Brit P.L.C. said Thursday that it is relocating its Gibraltar-based captive reinsurer to Bermuda. Brit Insurance (Gibraltar) PCC Ltd. provides coverage for Brit’s own book of business and no changes in operations are planned, according to a spokesman. The process is expected to be completed by the end of the year, […]
Drugmakers product liability case reinstated
A federal appeals court has reinstated product liability litigation against drug companies that charges they failed to warn that their prescription diabetes drugs create an increased risk of pancreatic cancer. A three-judge panel of the 9th U.S. Circuit Court of Appeals in San Francisco overturned a lower court ruling in In Re: Incretin-based therapies products […]
Broker fined over independence claim
Marsh L.L.C. knew about a regulatory investigation into Bluefin Insurance Services when it acquired the brokerage earlier this year and took action to improve its practices, the brokerage said. On Wednesday, Britain’s Financial Conduct Authority announced that it had fined Bluefin $5.4 million for presenting itself as an independent broker when it was owned by […]
Insurer wins asbestos coverage dispute
The Illinois Appellate Court has affirmed a conveyor belt makers use of asbestos parts in its products amounts to a single occurrence for purposes of its Travelers Indemnity Co. insurance coverage.
Markels ILS unit names Bermuda CEO
Markel CATCo Investment Management Ltd. said Thursday that Alissa Fredricks was named to the newly created position of CEO, Bermuda, effective immediately. Ms. Fredricks, who joined the insurance-linked securities investment management unit of Markel Corp. in May 2016, will assume responsibility for all operations at its registered offices in Bermuda. She was previously Markel CATCo’s […]
Bill barring forced arbitration of sexual harassment claims introduced
A bipartisan bill introduced in the U.S. Congress on Wednesday would prevent employers from compelling employees to arbitrate sexual harassment and discrimination claims. Senator Kirsten Gillibrand, D-N.Y., introduced the Ending Forced Arbitration of Sexual Harassment Act of 2017, which would void compulsory arbitration agreements for sexual harassment and discrimination claims, according to a statement issued […]