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Category: Insurance Journal

Second Singtel Unit Hit by Cyber Attack, Weeks After Massive Optus Data Breach
Insurance Journal | October 10, 2022
Second Singtel Unit Hit by Cyber Attack, Weeks After Massive Optus Data Breach
Singapore Telecommunications Ltd. said on Monday its unit Dialog faced a cyber attack that potentially affected 1,000 current and former employees and fewer than 20 clients, weeks after a massive data breach at another Australian unit – Optus. The breach …
People Moves: IQUW Taps Carpenter’s Fisher as President; Consilium Snags 6 for Financial Lines From Ed Broking; Aon Commercial Risk Solutions Promotes 2 in EMEA
Insurance Journal | October 10, 2022
People Moves: IQUW Taps Carpenter’s Fisher as President; Consilium Snags 6 for Financial Lines From Ed Broking; Aon Commercial Risk Solutions Promotes 2 in EMEA
This edition of International People Moves details appointments at Consilium, IQUW and Aon Commercial Risk Solutions in EMEA. A summary of these new hires and promotions follows here. IQUW Taps Former Carpenter Exec Fisher as President Property and Specialty re/insurer …
Many Companies Lack Targets for Employee Mental Health: Study
Insurance Journal | October 10, 2022
Many Companies Lack Targets for Employee Mental Health: Study
Only three companies out of 20 have published objectives for employee mental health management, a study from British charity investment manager CCLA revealed on Monday, despite “clear evidence” that such targets can save money. CCLA’s new investor benchmark, which assessed …
Air France and Airbus Face Manslaughter Trial in French Court Over Rio-Paris Crash
Insurance Journal | October 10, 2022
Air France and Airbus Face Manslaughter Trial in French Court Over Rio-Paris Crash
PARIS (AP) – Nicolas Touillou had just proposed marriage to his girlfriend. Nelson Marinho Jr. was heading off on a new oil exploration job. Eric Lamy was about to celebrate his 38th birthday. They were among 228 people killed in …
Mom Whose Son’s Death Led to Missouri Jail Reforms Wins $1.2 Million Settlement
Insurance Journal | October 10, 2022
Mom Whose Son’s Death Led to Missouri Jail Reforms Wins $1.2 Million Settlement
A mother whose son died less than an hour after he was transported from a Missouri jail to a state prison has won a $1.2 million settlement in a case that helped lead to suspensions, firings and reforms. The St. …
Ian Death Toll in US Hits 100 Across Three States
Insurance Journal | October 10, 2022
Ian Death Toll in US Hits 100 Across Three States
The death toll from Ian reached 100 on Friday, making it the third most deadly hurricane to hit the mainland in a decade. The number of confirmed deaths across three states continues to climb nine days after Ian roared ashore …
RMS Range of Insured Losses from Ian $53-$74B, ‘Best Estimate’ of $67B
Insurance Journal | October 10, 2022
RMS Range of Insured Losses from Ian $53-$74B, ‘Best Estimate’ of $67B
Catastrophe modeler RMS chimed in on Hurricane Ian with an estimate of private-market insured losses from the storm of $67 billion. The Moody’s Analytics company said the amount was a “best estimate,” and also supplied a range of between $53 …
Insured Damages From Hurricane Ian $31-$53B: CoreLogic
Insurance Journal | October 10, 2022
Insured Damages From Hurricane Ian $31-$53B: CoreLogic
Property data and analytics provider CoreLogic included new and updated projections of storm surge and flood losses for Hurricane Ian for a final tally of between $41 billion and $70 billion in insured and uninsured flood and wind losses. Insured …
Ending Florida Agency Led to More Development, Losses in Ian, Report Says
Insurance Journal | October 10, 2022
Ending Florida Agency Led to More Development, Losses in Ian, Report Says
The shuttering of a state agency that was created to manage growth in Florida’s vulnerable coastal areas may have helped fuel the steady development that during Hurricane Ian resulted in some of the largest insured property losses in state history. …
AM Best Says Tower Hill ‘Rearranging the Furniture;’ Faces Surplus, Capital Problems
Insurance Journal | October 10, 2022
AM Best Says Tower Hill ‘Rearranging the Furniture;’ Faces Surplus, Capital Problems
The downgrade of one of Tower Hill’s insurance companies by AM Best financial rating firm, announced the day that Hurricane Ian nosed into southwest Florida, has led to new speculation that Tower Hill could be the next insurer to falter …