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News – Insurance Journal

Fired Moody’s Executive Gets Paris Job Back and $1.8 Million Payout
A Moody’s Corp. managing director fired for lashing out at a junior co-worker who criticized his team’s work won his Paris job back and a 1.6 million-euro ($1.8 million) payout. Moody’s France fired the managing director in March 2015 after …

POSTED JANUARY 16, 2019 12:32 PM
HDI Global Taps McDonald from Allianz as UK and Ireland Managing Director
HDI Global SE (HDI) has appointed Claire McDonald as managing director of its UK and Ireland operations. She will assume the role on March 18, 2019. McDonald will join the company from Allianz Global & Corporate Specialty SE where she …

POSTED JANUARY 16, 2019 12:03 PM
UK-EU Divorce in Disarray with Just 10 Weeks to Go Before Brexit Leave Date
Prime Minister Theresa May on Wednesday will try to forge consensus in parliament on a Brexit divorce agreement after the crushing defeat of her own deal left Britain’s exit from the European Union in disarray 10 weeks before it is …

POSTED JANUARY 16, 2019 11:37 AM
Singapore’s Grab Makes Foray into Insurance with Chubb as Provider: Opinion
After sending rival Uber Technologies Inc. packing from Singapore and other Southeast Asian markets, homegrown ride-hailing firm Grab Pte. has set itself a stiffer target. It wants to be a regional super-app. Think of it as a digital conglomerate that …

POSTED JANUARY 16, 2019 11:22 AM
Multiple Smaller Natural Disasters in 2018 Created ‘Unusual’ Insured Loss Picture: Willis
Insured loss estimates from major natural catastrophes in 2018 totaled roughly $71.5 billion, the highest since 2011’s annual market losses of $120 billion, according to Willis Re. However, the insured losses in 2018 are slightly less than half of those …

POSTED JANUARY 16, 2019 11:08 AM
Court Upholds $440 Million Patent Infringement Judgment Against Apple
A U.S. appeals court on Tuesday upheld a judgment worth $440 million that was won by intellectual property licensing firm VirnetX Inc. against Apple Inc. in a patent infringement case. The U.S. Court of Appeals for the Federal Circuit denied …

POSTED JANUARY 16, 2019 8:00 AM
RLI Promotes Mesco, Campen, Irish in Claim Department
Illinois-based specialty insurance company, RLI Corp. has promoted three leaders within its Claim department. Nic Mesco, assistant vice president, Claims, has been promoted to vice president, Claims, with executive leadership responsibility for RLI’s Casualty product claims. Mesco joined RLI in …

POSTED JANUARY 16, 2019 6:27 AM
New Florida Gov Signs Order to Fight Algae, Red Tide
Republican Gov. Ron DeSantis began following up on a campaign promise to make the environment a priority by signing an order last week seeking to tackle Florida’s problems with blue-green algae in its rivers and red tide off its coast. …

POSTED JANUARY 16, 2019 6:16 AM
Big 3 Drive Personal Auto Insurance Recovery; Signs of Rate Hike Fatigue Ahead
Steady improvement for U.S. personal auto insurance companies has culminated in the sector’s best underwriting performance in 10 years, according to Fitch Ratings in a report. The market improvement was driven by the three biggest auto insurers. The U.S. personal …

POSTED JANUARY 16, 2019 6:00 AM
Montana Hospital Pays $10M to Settle Suit Over Radiology Services
A Bozeman hospital has paid out $10 million to settle a federal lawsuit that accused its radiology department of fraud. The Bozeman Daily Chronicle reported that recently unsealed court documents show Bozeman Health Deaconess Hospital paid about $7.2 million to …

POSTED JANUARY 16, 2019 6:00 AM

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