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People Moves: Lloyd’s Promotes Cliff to CFO, Succeeding Keese; Ryan Re Appoints BMS’ Ryan as EVP to Lead Strategic Business Development
Insurance Journal | January 30, 2025
People Moves: Lloyd’s Promotes Cliff to CFO, Succeeding Keese; Ryan Re Appoints BMS’ Ryan as EVP to Lead Strategic Business Development
This edition of International People Moves details appointments at Lloyd’s and Ryan Re. A summary of these new hires follows here. Lloyd’s Promotes Cliff to CFO, Succeeding Keese Lloyd’s, the insurance and reinsurance marketplace, announced the appointment of Alexandra Cliff …
Theft and Violence in UK Retail Soar to Record Levels, Survey Shows
Insurance Journal | January 30, 2025
Theft and Violence in UK Retail Soar to Record Levels, Survey Shows
Theft and violence against retail workers in Britain soared to record levels last year and are “out of control,” driven partly by criminal gangs, according to a report published on Thursday. Industry body the British Retail Consortium’s annual crime survey …
UK Government Agencies Vulnerable to Cyberattacks, Watchdog Says
Insurance Journal | January 30, 2025
UK Government Agencies Vulnerable to Cyberattacks, Watchdog Says
British government departments have operated hundreds of outdated computer systems and failed to meet their own cybersecurity targets, increasing the risk of a disruptive hack, a watchdog has found. The National Audit Office, an independent parliamentary body, flagged the concerns …
Flood-Prone New Zealand Says It Needs to Adapt to Climate Extremes
Insurance Journal | January 30, 2025
Flood-Prone New Zealand Says It Needs to Adapt to Climate Extremes
New Zealand plans to introduce legislation before the end of the year that will create a framework to help communities and businesses adapt to the impacts of climate change. The law will establish guiding principles and responsibilities for adaptation action, …
Lawsuit Accuses Amazon of Secretly Tracking Consumers Through Cellphones
Insurance Journal | January 30, 2025
Lawsuit Accuses Amazon of Secretly Tracking Consumers Through Cellphones
Amazon.com was sued on Wednesday by consumers who accused the retailing giant of secretly tracking their movements through their cellphones, and selling data it collects. According to a proposed class action in San Francisco federal court, Amazon obtained “backdoor access” …
As Small Businesses Try to Recover from LA Fire Devastation, A Variety of Aid Exists
Insurance Journal | January 30, 2025
As Small Businesses Try to Recover from LA Fire Devastation, A Variety of Aid Exists
The fires in California have been devastating for many small business owners and others who saw their homes, businesses or livelihoods go up in smoke. Raquel “Rockey” Smeir startedMy Friends Café in Sierra Madre, California, in 2021. While the fires …
Pimco Warns LA City Utility Faces Steep Liabilities After Fires
Insurance Journal | January 30, 2025
Pimco Warns LA City Utility Faces Steep Liabilities After Fires
The Los Angeles Department of Water and Power is facing the risk of significant financial liability for damages in the utility’s response to the Palisades Fire, according to Pacific Investment Management Co. “Given the sheer size of insured and uninsured …
Maryland Regulator Resolved $33 Million in Insurance Complaints in 2024
Insurance Journal | January 30, 2025
Maryland Regulator Resolved $33 Million in Insurance Complaints in 2024
The Maryland Insurance Administration reports that it recovered nearly $33.3 million in 2024 for Marylanders by helping resolve insurance-related issues and complaints. Acting Commissioner Marie Grant said the money was recovered through a rapid response program, consumer complaint units, an …
Judge Extends Ban on Alliant Employees Soliciting Marsh Agency’s Customers
Insurance Journal | January 29, 2025
Judge Extends Ban on Alliant Employees Soliciting Marsh Agency’s Customers
A federal judge in Manhattan has extended an order blocking three Alliant Insurance Services employees from soliciting or contacting any current Marsh & McLennan Agency (MMA) clients or using a spreadsheet of MMA clients that MMA alleges they took when …
Oklahoma Issues Cease-And-Desist Against Unlicensed Auto Warranty Company
Insurance Journal | January 29, 2025
Oklahoma Issues Cease-And-Desist Against Unlicensed Auto Warranty Company
The Oklahoma Insurance Department (OID) has issued a Cease-and-Desist Order against Select Auto Inc., doing business as Select Auto Protect, due to the unauthorized sale of auto warranty contracts in Oklahoma. Effective immediately, the company must stop all sales activities …