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Axis names cyber insurers | Business Insurance

Axis Insurance, a unit of Pembroke, Bermuda-based Axis Capital Holdings Ltd., said on Monday that it has hired three cyber-underwriters. Peter Smith will join Axis as underwriting manager, American cyber and technology, and Emma Worth and Jessica Currier will join as older underwriters, Axis said in a statement. They will be based in New York. Mr. Smith will specialize in …

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The Allianz company unit describes executive changes

On Monday, Allianz Global Corporate & Specialty SE announced further executive appointments related to its readjustment. On July 1, the insurer unveiled a multi-year restructuring to streamline its operations and generate approximately 200 million euros ($ 225.19 million) in savings through 2024 Max Nussbaumer has been appointed senior vice president, operations North America. He will be based in Chicago and …

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The United States is pushing the maritime industry to cut Venezuela's oil

(Reuters) – Several companies certifying vessels are seaworthy and ship insurance companies have withdrawn services to tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to tighten sanctions on Latin American the country. US sanctions have propelled Venezuela's oil exports to their lowest levels in almost 80 years, starved President Nicolas Maduro's socialist government …

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LinkedIn was sued, accused of having homelessly read clipboard content

(Reuters) – Microsoft Corp.'s LinkedIn was sued by a New York-based iPhone user on Friday for allegedly reading and diverting users' sensitive content from Apple Inc.'s Universal Clipboard application. According to the Apple Web site, Universal Clipboard allows users to copy text, images, photos and videos on one Apple device and then paste the content onto another Apple device. According …

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The company will not mask dissatisfaction with copycat

A company promoting a face mask that allows the wearer to enjoy a drink while protecting themselves and others against the spread of COVID-19 threatens to sue another company that claims their similar masks are dangerous knockoffs. Sip Mask USA sent a cease-and-desist letter to its competition with Shut Your Mouth's Zip Lock Mask threatening a $ 1 million lawsuit …

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Will recently filed federal legislation for the Covid closed business policyholder have passengers? | Property Insurance Coverage Right Blog

California Congressman Mike Thompson has tabled a bill to help some business-income entrepreneurs collect benefits for Covid-19-related losses from their insurance companies. 1 Here is a quote from Representative Thompson's press release explaining his reason for filing this federal law: So many companies in our district and across our country have been forced to temporarily close their doors to help …

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Risks of lowering car insurance coverage | Cover Link insurance

Kelli Young July 13, 2020 Losing a little of your coverage – as extensive or collision – to the lowest legal level can reduce your premium, but it can also put you at serious risk. auto insurance is designed to provide you with a level of protection against property, liability and medical expenses if you are involved in an accident. …

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How to have a fun and affordable stay

How to Have a Fun and Affordable Staycation Having a staycation is a fun alternative to a traditional vacation. Although not a new concept, it has resurfaced in the past year. Not only are they a great way to save money on travel, it also reduces some security risks. There are lots of things to do with the family located …

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Made whole doctrine does not apply to self-assured retention

A self-insured holding or deductible is a risk amount that the insured has agreed to charge in exchange for a lower premium cost for the insurance. If the assignment of a subrogation measure against a third party is insufficient to compensate both the insured's self-insured living and the carrier's loss in addition to the self-insured stay, the priority recovery of …

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