Archive for January 2017

The federal Occupational Health and Safety Administration wants to fine a contractor $11,224 for a construction fire that wholly or partially shut down a major Pittsburgh bridge for 24 days. Contractor Joseph B. Fay Co. didn’t immediately comment Wednesday. The … Read More Read more here:: Insurance Journal       

By L.S. Howard Shipping companies grappling with the threat of cyber attacks on vessels are finding insurance policies often fall short, officials involved in both industries say, a risk that could feed through into global prices. Digitalization means electricity networks, emergency services, industry and agriculture … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson President Barack Obama’s departing chief trade negotiator warned the Trump administration on Tuesday that it risked abdicating U.S. leadership in Asia by scrapping Obama’s 12-country Pacific Rim free trade deal. Michael Froman, in excerpts of his final speech as U.S. … Read More Read more here:: Insurance Journal       

Hamilton Re, the Bermuda-based platform of Hamilton Insurance Group, announced that Matthew Isaly has been appointed to the newly created position of senior vice president, head of Information Systems. Reporting to Chief Financial Officer Vanessa Hardy Pickering, Isaly works with Hamilton Re’s management team … Read More Read more here:: Insurance Journal       

XL Catlin announced the launch of a new environmental insurance solution in Ireland, which is tailored to address the Environmental Protection Agency’s (EPA) Guidance on Financial Provision for Environmental Liabilities. A key stipulation of the guidance, published in October 2015, … Read More Read more here:: Insurance Journal       

Berkshire Hathaway Specialty Insurance (BHSI) announced it is introducing inland and ocean marine insurance in Canada and has named Gord Rider as senior marine underwriter. “We are pleased to welcome Gord to our team of marine specialists,” said John Evans, … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson Volkswagen AG confirmed on Tuesday it has negotiated a $4.3 billion draft settlement with U.S. regulators to resolve its diesel emissions troubles and plans to plead guilty to criminal misconduct. The guilty plea is part of the civil and criminal … Read More Read more here:: Insurance Journal       

By L.S. Howard Equinox Global, the Lloyd’s coverholder specializing in trade credit insurance, is pleased to announce the appointment of Simon Jackson as a credit analyst. Jackson is based in the London office and will work with the UK team. His appointment follows … Read More Read more here:: Insurance Journal       

During 2016, the United States experienced 15 weather and climate disasters with insured and uninsured losses exceeding $1 billion each across the United States. Overall, these events resulted in the deaths of 138 people and had “significant economic effects” on … Read More Read more here:: Insurance Journal