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News Center

News – Insurance Journal

Geneva Association Elects 4 Board Members from Ping An, Prudential, PICC and Aviva
The Geneva Association, the global organization of insurance and reinsurance chief executive officers (CEOs), announced the election of four new board members. They are: Yuansiong Lee, co-CEO, Ping An Insurance Co. of China; Charles F. Lowrey, CEO, Prudential Financial; Jianmin …

POSTED JUNE 17, 2019 10:32 AM
UK Business Executives Grow Increasingly Angry at Brexit Deadlock
There are only so many ways U.K. business chiefs can express their dismay at the Brexit deadlock engulfing the country. Frustration at politicians has morphed into outright anger in the three years since the referendum on leaving the European Union …

POSTED JUNE 17, 2019 10:06 AM
ACORD InsurTech Innovation Challenge’s European Winner Is Riskbook
ACORD, the global standards body for the insurance industry, has announced that Riskbook was the winner of the London semi-final round of the ACORD InsurTech Innovation Challenge (AIIC), with RITA and Optimiz.Claims named as runners up. Riskbook is focusing on …

POSTED JUNE 17, 2019 9:48 AM
Russian Aeroflot Plane Hit by Lightning Before It Crashed, Killing 41: Investigators
Lightning struck a Russian Sukhoi Superjet 100 aircraft knocking out its auto pilot system shortly before it crash landed in Moscow last month killing 41 people, investigators said on Friday, adding it had approached too fast and been too heavy. …

POSTED JUNE 17, 2019 9:36 AM
City of London Tackles Its Daytime Drink Problem – One Institution at a Time: Opinion
For most of the traders, bankers, lawyers and accountants who populate the City of London, the era of excessive daytime boozing is long gone. Pubs and pints have been replaced by coffee shops and lattes. Dealmaking hasn’t suffered for it. …

POSTED JUNE 17, 2019 8:59 AM
Iranian Forces Were Likely Responsible for Attacks on Tankers, Says Insurer DNK
Iranian forces were likely responsible for the attacks that occurred Thursday on two tankers in the Gulf of Oman, according to a report seen by Bloomberg from DNK, the insurer of one of the ships. The Norwegian insurer has raised …

POSTED JUNE 17, 2019 8:18 AM
War Risk Insurance Premiums Surge for Oil Tanker Owners After Gulf Attacks
Oil tanker owners face spiraling insurance costs to load cargoes from the world’s largest crude-export region after the latest round of attacks on vessels. War risk premiums that owners pay each time they go to the Persian Gulf have now …

POSTED JUNE 17, 2019 8:09 AM
Florida Hopes to Lure Autonomous Car Companies Under New Law
Self-driving vehicles with no humans on board will be able to operate in Florida – once they’re finally ready for prime time – under a bill signed Thursday by Gov. Ron DeSantis. DeSantis said he hopes to use the law …

POSTED JUNE 17, 2019 5:39 AM
PURE Programs Expands High Value Homeowners Coverage into 5 New States
PURE Programs has expanded its coverage for high value homeowners into Texas, Louisiana, Mississippi, Alabama, and Georgia. Across the region, PURE Programs will offer coverage for homes with a rebuilding cost of $1 million to $50 million that do not …

POSTED JUNE 17, 2019 5:11 AM
Kansas Supreme Court Throws Out Personal Injury Damages Cap
The Kansas Supreme Court on Friday ruled that the state’s cap on damages for noneconomic injuries in personal injury lawsuits is unconstitutional. The court ruled 4-2 that capping damages an injured person is able to recover in a lawsuit violates …

POSTED JUNE 17, 2019 5:00 AM

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