Jerald Tillman accepts 2025 Alonzo Herndon Award
Insurance professionals must take on the responsibility to advance their own careers and be prepared to put in the time and effort to build their expertise and their networks, said Jerald L. Tillman, winner of the 2025 Alonzo Herndon Award.
M&A insurer Icen Risk expanding into US
Specialist mergers and acquisitions insurer Icen Risk on Wednesday announced its expansion into the United States.
Acting chief insurance regulator named in New York
Kaitlin Asrow has been named acting superintendent of the New York State Department of Financial Services, effective Oct. 18.
Neptune stock jumps in debut
Neptune Insurance shares jumped in their New York Stock Exchange debut on Wednesday, making it the latest insurer to capitalize on a buoyant listings market.
Highstreet names chief broking officer
Highstreet Insurance Partners announced Wednesday that it has named former Marsh McLennan executive Kristen Stokes as its chief broking officer.
Exoskeletons ‘inconsistent’ in cutting construction shoulder strain: Study
Exoskeletons, an increasingly common technology used in manual labor to help reduce the lifting mechanisms that can cause musculoskeletal injuries, provide “minimal and inconsistent benefits” in reducing shoulder muscle strain during simulated construction tasks, according to a study.
Family’s $4.8 million award affirmed 15 years after line cook ate shellfish
The family of a line cook who died after eating shellfish off-hours to which he was allergic is entitled to a $4.8 million jury award, the Illinois Appellate Court ruled Tuesday.
Commuting veering back to pre-pandemic norms
Looks like the commuting world is partying like it’s 2019.
UAE insurers weather $2.5 billion flood claims: S&P
The United Arab Emirates insurance industry absorbed more than $2.5 billion in claims from record April 2024 floods without destabilizing the financial system, according to S&P Global Ratings, The Khaleej Times reported. Strong capital buffers, reinsurance protection and swift government action helped insurers cover property damage, according to S&P. Analysts said the floods have insurers […]
Court reopens VW emissions scandal insurance dispute
Germany’s Federal Court of Justice overturned a lower court ruling that backed Volkswagen AG’s insurance settlement tied to the diesel emissions scandal, Reuters reported. The appeals court said the lower court must rehear the case and assess legal challenges to shareholder votes approving liability settlements with former management board members.
Caution tempers appetite for emerging cyber cat bond market
Switzerland-based Solidum Partners AG said investor interest in cyber catastrophe bonds is growing but caution dominates due to limited data, modelling challenges and legal uncertainties, Artemis reported. The firm noted that while cyber insurance is an attractive growth market with rising demand for reinsurance capital, the peril is not well understood and lacks a long […]
Insured ice storm losses climb to $352 million
Catastrophe Indices & Quantification Inc., Canada’s insured loss and exposure index provider, raised its industry loss estimate from the March ice storm in Ontario and Quebec to 490 million Canadian dollars ($352 million), up 18% from its July estimate, Artemis reported. The storm caused extensive damage from prolonged freezing rain, leaving hundreds of thousands without […]
Parametric cover gains traction after record cat losses
Insured property losses from natural catastrophes in Canada hit a record 9 billion Canadian dollars ($6.5 billion) in 2024, spurring commercial clients to show more interest in parametric insurance, according to James Gasco, head of Swiss Re Corporate Solutions in Canada, Canadian Underwriter reported. While 2025 losses are not expected to match that level, […]
Typhoon Bualoi floods Hanoi, disrupts flights and power
Heavy rainfall from Typhoon Bualoi caused widespread flooding in Hanoi, Vietnam and forced dozens of flights to be rerouted, France 24 reported. The storm, which made landfall in central Vietnam with winds of 80 miles per hour late Sunday, damaged 85 square miles of cropland, uprooted trees, downed power lines and triggered outages across several […]
WestJet breach exposes passports and personal data
Canada-based WestJet Airlines Ltd. confirmed that a June cyberattack exposed sensitive customer information, including passports and other identification documents, BleepingComputer reported. The airline said the breach also compromised personal details such as full names, birth dates, addresses, travel records, complaints and loyalty program data, though no payment card numbers or passwords were taken.
Large quake rattles Philippines
A magnitude 6.9 earthquake struck off the coast of Cebu in the central Philippines late Tuesday, collapsing buildings, cracking concrete walls and tearing up roads in several towns, The Guardian reports, citing Reuters, Agence France-Presse and Associated Press. The Cebu provincial government said a commercial building and a school were destroyed, while village roads, a […]
Geopolitical risk now a top 10 concern: Aon survey
Cyberattacks remain the top concern of risk managers and executives globally, but geopolitical volatility entered the top 10 for the first time in the Aon 2025 Global Risk Management Survey.
EEOC sues Apple for alleged discrimination against Jewish worker
The U.S. agency that enforces workplace anti-discrimination laws sued Apple on Tuesday, claiming the manager of a retail store made antisemitic comments and denied a Jewish employee’s requests for time off before firing him.
Uber found not liable in first US trial over driver sexual assault claims
Uber is not liable for the sexual assault of a woman who said she was attacked by her driver on a ride she ordered from the ridesharing app, a California jury said on Tuesday, according to an attorney for the plaintiff.