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Independence Pet Group (IPG) Completes Purchase of Fairfax’s Pet Insurance Units
Insurance Journal | November 1, 2022
Independence Pet Group (IPG) Completes Purchase of Fairfax’s Pet Insurance Units
Independence Pet Group (IPG), the full-stack pet insurance platform, announced the completion of its acquisition of Fairfax Financial Holdings Ltd.’s U.S. and Canadian interests in the Crum & Forster Pet Insurance Group (C&F Pet) and Pethealth Inc. IPG purchased the …
19th Person Indicted in Scheme Using Stolen IDs to Defraud Rideshare Companies
Insurance Journal | November 1, 2022
19th Person Indicted in Scheme Using Stolen IDs to Defraud Rideshare Companies
A nineteenth co-conspirator was indicted by a federal grand jury in Boston this week in connection with a nationwide conspiracy to open fraudulent driver accounts with rideshare and delivery service companies, law enforcement officials reported. Officials said Caio Felipe Oliveira …
Tesla Manslaughter Trial Hinges on Question of ‘Man vs Machine’
Insurance Journal | November 1, 2022
Tesla Manslaughter Trial Hinges on Question of ‘Man vs Machine’
A manslaughter trial set to begin in Los Angeles for a fatal crash caused by a Tesla operating on Autopilot presents a first-of-its kind test for the legal responsibility of a human driver in a car that was partly driving …
Geico Faces California Class Action Claiming it Overcharged for Car Insurance
Insurance Journal | November 1, 2022
Geico Faces California Class Action Claiming it Overcharged for Car Insurance
A federal judge on Monday said a lawsuit accusing Geico Corp. of overcharging more than 2 million California policyholders on car insurance early in the COVID-19 pandemic may proceed as a class action. U.S. District Judge Beth Labson Freeman in …
Where Do Climate Pledges Stand a Year After COP26?
Insurance Journal | November 1, 2022
Where Do Climate Pledges Stand a Year After COP26?
A year ago at the U.N. climate talks in Glasgow, Scotland, countries, banks and business leaders announced a slew of climate plans and pledges. Here is an update on how some of the biggest promises have since progressed. NATIONAL EMISSIONS …
People Moves: AXA XL Appoints Owen for Bermuda Professional Lines Team; Miller Names Beazley’s O’Connor as Chief Information Officer
Insurance Journal | November 1, 2022
People Moves: AXA XL Appoints Owen for Bermuda Professional Lines Team; Miller Names Beazley’s O’Connor as Chief Information Officer
This edition of International People Moves details appointments at AXA XL in Bermuda and the London-based insurance broker, Miller. A summary of these new hires follows. AXA XL Appoints Owen for Bermuda Professional Lines Team AXA XL announced that Bermudian …
South Korea Blames Lack of Crowd Control as Factor in Fatal Crush
Insurance Journal | November 1, 2022
South Korea Blames Lack of Crowd Control as Factor in Fatal Crush
Top South Korean officials said a lack of proper crowd management was likely a factor behind a deadly surge of people that left at least 156 dead, with police faulted for not doing enough to heed warnings that masses were …
Road Accidents Jump 22% During Week After Clocks Go Back
Insurance Journal | November 1, 2022
Road Accidents Jump 22% During Week After Clocks Go Back
Claims for road accidents in the UK jumped by over a fifth (22%) in the week after the clocks went back in 2021, according to analysis of internal data by Tesco Bank Motor Insurance. The findings are based on a …
Initial Insured Loss for Typhoon Nanmadol Estimated ¥114B (US$768M)
Insurance Journal | November 1, 2022
Initial Insured Loss for Typhoon Nanmadol Estimated ¥114B (US$768M)
Initial insurance industry losses from Typhoon No. 14, aka Nanmadol, which hit Japan in September 2022, are an estimated 114 billion Japanese yen (US$768 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. Based on …
Jensten Group Completes Acquisition of UK Broker J Bennett & Son
Insurance Journal | November 1, 2022
Jensten Group Completes Acquisition of UK Broker J Bennett & Son
The Jensten Group, the London-based independent insurance broking group, has completed the acquisiton of J Bennett & Son Insurance Brokers and its subsidiary, Mathews Comfort & Co., following final regulatory approval. Financial details of the transaction, which was first announced …