Specialty
Disgruntled Hiscox Policyholders Launch $50M Arbitration Claim Over COVID Business Interruption Dispute
The law firm that represents the Hiscox Action Group has commenced an arbitration against Hiscox Insurance for non-payment of business interruption insurance totaling £40 million ($50 million). The ...
Ransomware Attacks Spiked 25 Percent in 2020 First Quarter: Beazley
There was a 25 percent spike in ransomware attacks in the first quarter of 2020 versus the fourth quarter 2019, based on incidents reported to in-house breach response team for insurer Beazley's ...
Amazon Starts Using AI for Warehouse Social Distancing Risk Reduction
Amazon.com Inc on Tuesday launched an artificial intelligence-based tracking system to enforce social distancing at its offices and warehouses to help reduce any risk of contracting the new ...
U.S. Commercial Insurers Can Handle COVID-19 in the Short Term: Fitch Ratings
For U.S. commercial insurers, 2020 was once projected to be an improved, even booming year. Then COVID-19 happened, with the ongoing pandemic increasingly making heavy losses all but certain. Still, ...
Executives On The Move at Munich Re and BHSI
Two Munich Re subsidiaries recently made new executive appointments. Berkshire Hathaway Specialty Insurance an executive to be Senior Care Leader, Healthcare Professional Liability in the ...
Companies on the Hunt for Creative Workarounds Addressing Rising D&O Costs
When Elon Musk said in April he was dropping the insurance policy that protects Tesla Inc.'s board from shareholder lawsuits, it got Skip McBride's attention. To McBride, who used to manage law firm ...
Aspen Insurance Revamps Exec Team with 2 New CEOs, Non-Exec Director
Aspen Insurance Holdings Ltd. announced it has made some major changes to its management team, including the appointment of a non-executive director, two chief executive officers and a chief ...
Body Language Awareness Can Make a Good Leader Better
For all good leaders, being aware of other people's body language can be a very good skill to have. Paying attention to body language can help an executive better understand an employee's problem or ...