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News – Insurance Journal

Pen Underwriting Builds on QBE Partnership with Irish P/C Capacity Deal
Pen Underwriting has extended its strategic relationship with QBE into the Republic of Ireland, with a new property & casualty capacity partnership in the highly specialist area of hazardous goods & environmental industries. The new partnership takes effect on Jan. …

POSTED NOVEMBER 20, 2017 11:50 AM
Technology Risk Mgmt Association TechAssure Names New Member in Germany
TechAssure, the international nonprofit association of insurance and risk management experts for technology-related risks, has named German insurance brokerage BüchnerBarella as a new member, effective immediately. Headquartered in Giessen, Germany, BüchnerBarella is an independent, full-service insurance brokerage firm that specializes …

POSTED NOVEMBER 20, 2017 11:35 AM
UK P&I Insurer North to Form Dublin Subsidiary as EU Post-Brexit Hub
British ship insurer North is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the first of these specialized providers to announce such a move. Insurers are making …

POSTED NOVEMBER 20, 2017 11:12 AM
Despite Recent Natural Disasters, Homeowners Fail to Enhance Coverage: Clearsurance
A recent online survey of 1,000 U.S. individuals uncovered that the majority (87 percent) are concerned about a natural disaster striking their area but very few have taken action to protect themselves from being uninsured or underinsured. Of those that …

POSTED NOVEMBER 20, 2017 6:00 AM
Only a Third of U.S. Vehicles with Defective Takata Air Bags Repaired
Nearly two-thirds of the U.S. vehicles containing defective air bag inflators made by Takata Corp. remain unrepaired as automakers have made varying degrees of progress addressing the largest auto recall in U.S. history. As of mid-September, 20 million vehicles containing …

POSTED NOVEMBER 20, 2017 6:00 AM
Schiavone Takes Over Allianz Global Specialty’s Alternative Risk Team; Coppola to Head Financial Lines
Paul Schiavone has been appointed as global head of Allianz Global Corporate & Specialty’s Alternative Risk Transfer (ART) business, taking over from Bill Guffey who is leaving Allianz for other opportunities after 15 years at the company. Laura Coppola takes …

POSTED NOVEMBER 20, 2017 6:00 AM
Drugmaker Purdue Moves to Settle States’ Claims Over Opioids
Oxycontin maker Purdue Pharma LP is proposing a global settlement in an attempt to end state investigations and lawsuits over the U.S. opioid epidemic, according to people familiar with the talks. Purdue’s lawyers raised the prospect with several southern-state attorneys …

POSTED NOVEMBER 20, 2017 6:00 AM
RMS Comments: What’s Next If Flood Insurance Reform Passes? If It Fails?
Last week, the House of Representatives voted 237-189 to pass the 21st Century Flood Reform Act (H.R. 2874) – a package of seven bills that reauthorizes the National Flood Insurance Program (NFIP) until 2022 and introduces various reforms. The fate …

POSTED NOVEMBER 20, 2017 6:00 AM
Palomar Specialty Expands Residential Earthquake Product Into Additional States
Palomar Specialty Insurance Company has expanded its Flex Choice residential earthquake insurance product into the following states: Arkansas, Tennessee, Kentucky, Illinois, Indiana and Utah. Flex Choice allows consumers to customize their residential earthquake coverage to meet their specific needs and …

POSTED NOVEMBER 20, 2017 5:55 AM
Family Claims Safety Hazard Killed 5-Year-Old at Atlanta Rotating Restaurant
The family of a 5-year-old boy killed when he became caught in a rotating Atlanta restaurant is suing the company, saying it failed to prevent a “longstanding safety hazard.” The lawsuit comes after Charlie Holt died in the Sun Dial, …

POSTED NOVEMBER 20, 2017 5:29 AM

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