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Category: Insurance Journal

Estimated 100,000 Hens Die in Blaze at Connecticut’s Hillendale Farms
Insurance Journal | February 1, 2023
Estimated 100,000 Hens Die in Blaze at Connecticut’s Hillendale Farms
BOZRAH, Conn. (AP) — An estimated 100,000 hens died in a weekend fire at a Connecticut farm owned by one of the country’s largest egg producers, Connecticut officials confirmed Monday. It’s one of several such fires that have killed millions …
Man Charged With Killing Mom at Sea Seeks Grand Jury Transcripts
Insurance Journal | February 1, 2023
Man Charged With Killing Mom at Sea Seeks Grand Jury Transcripts
The man charged with killing his mother at sea during a 2016 fishing trip off the coast of New England is asking for minutes from the grand jury proceeding that led to his indictment, seeking to learn what was disclosed …
Shopping Safely: Managing Cybersecurity, Insurance in E-Commerce
Insurance Journal | February 1, 2023
Shopping Safely: Managing Cybersecurity, Insurance in E-Commerce
Online retailers will need to remain as resilient as possible to combat increasing cyber crime in the wake of a pandemic surge in online shopping, according to David Emm, senior security researcher at cybersecurity provider Kaspersky, on this episode of …
People Moves: Danish Insurer Tryg Names Brammer as CEO, Succeeding Hübbe; AXA XL Appoints Cerquenich as Senior Risk Consultant, Marine, UK & Lloyd’s
Insurance Journal | February 1, 2023
People Moves: Danish Insurer Tryg Names Brammer as CEO, Succeeding Hübbe; AXA XL Appoints Cerquenich as Senior Risk Consultant, Marine, UK & Lloyd’s
Danish Insurer Tryg Names Brammer as CEO, Succeeding Hübbe The Supervisory Boards of Tryg A/S and Tryg Forsikring A/S announced that Group Chief Executive Officer (CEO) Morten Hübbe has decided to step down. Hübbe (51) will be succeeded by Chief …
Denmark Raises Cyber Security Alert Level After Attacks From Russian Hacker Groups
Insurance Journal | February 1, 2023
Denmark Raises Cyber Security Alert Level After Attacks From Russian Hacker Groups
Denmark on Tuesday raised its cyber security alert level from “medium” to “high” after several attacks by pro-Russian hacker groups in recent weeks, the country’s Centre for Cyber Security said. “The risk level is being raised on the back of …
Everest Insurance Continues Global Expansion, Launching Branch in Spain
Insurance Journal | February 1, 2023
Everest Insurance Continues Global Expansion, Launching Branch in Spain
Everest Insurance, the insurance division of Everest Re Group Ltd., announced its expansion into the Spanish market following regulatory approval from the relevant authorities to operate in Spain — trading as Everest Insurance (Ireland) DAC, Sucursal en España. The Spain …
Ex-Allianz Fund Manager Seeks Dismissal of Fraud Charges
Insurance Journal | February 1, 2023
Ex-Allianz Fund Manager Seeks Dismissal of Fraud Charges
The former Allianz SE hedge fund manager charged with fraud over billions of dollars in investor losses asked a judge to throw out the case, claiming lawyers wrongly betrayed him to protect the company. Gregoire Tournant claims in a Monday …
Western Tankers Ramp Up Russian Oil Shipments as Prices Remain Below G7 Price Cap
Insurance Journal | February 1, 2023
Western Tankers Ramp Up Russian Oil Shipments as Prices Remain Below G7 Price Cap
Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow’s flagship Urals grade held below an international price cap, according to market sources and Eikon data. The Group of Seven nations (G7), Australia and …
Lloyd’s to Pay Some Staff £1,500 in Latest Cost-of-Living Aid
Insurance Journal | February 1, 2023
Lloyd’s to Pay Some Staff £1,500 in Latest Cost-of-Living Aid
Lloyd’s of London will hand some staff an extra £1,500 ($1,850) to cover rising living costs as inflation persists into 2023. The insurance exchange told staff Tuesday that those earning less than £75,000 would receive the one-time contribution, according to …
Denial-of-Service Attacks Rise, Raising Concerns for Banks
Insurance Journal | February 1, 2023
Denial-of-Service Attacks Rise, Raising Concerns for Banks
Long considered a nuisance, distributed-denial-of-service attacks, or DDoS, are a growing problem for banks and other financial businesses, according to a new report. The volume of DDoS attacks targeting financial firms increased 22% year-over-year as of November, according to a …