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News – Insurance Journal

Anti-Fraud Specialist FRISS Expands into France
FRISS, the provider of fraud and risk solutions for the property/casualty insurance industry, announced the opening of its French office in Paris. At the same time FRISS is expanding their team, led by the country manager Nicolas Kaploun. The expansion …

POSTED JANUARY 24, 2019 12:52 PM
Allianz to Enter Vietnam Insurance Market via Joint Venture with IT Firm FPT Group
Allianz announces its intention to enter the general insurance sector in Vietnam through a digital joint venture (JV) to be set up with the FPT Group – driving long-term success in the market and expanding Allianz’s footprint in Asia. FPT …

POSTED JANUARY 24, 2019 12:38 PM
IGI Taps Garrity from Swiss Re as CEO in Malaysia to Lead Asia-Pacific Growth
International General Insurance Holdings Ltd. (IGI), the Dubai-based speciality re/insurer, has appointed Nick Garrity as chief executive officer of IGI’s Labuan Branch in Malaysia. Garrity will be based in the Kuala Lumpur office. In his new role, Garrity will help …

POSTED JANUARY 24, 2019 10:01 AM
Support Grows for Delaying UK’s Exit from EU, as Brexit Deadline Looms
The risk of a no-deal Brexit appears to be receding after calls for a delay to the U.K.’s exit from the European Union won powerful backing in London and other EU capitals. The pound rose. Senior figures in the French …

POSTED JANUARY 24, 2019 9:15 AM
Hurricane Florence Demonstrates Perils of Being Underinsured/Uninsured, Says RMS
Hurricane Florence caused extensive freshwater flood damage in the Carolinas and parts of Virginia in September—and about 70 percent of those flood losses will be uninsured, according to RMS. “The insured loss for Florence will be between $2.8 billion and …

POSTED JANUARY 24, 2019 8:44 AM
Private Flood Insurers Not Yet Ready to Fill Massive U.S. Protection Gap
The flood insurance protection gap in the United States is massive, but the take-up rate of private flood insurance continues to be low. The relative inability of private insurers to penetrate the flood insurance market has been blamed on the …

POSTED JANUARY 24, 2019 8:43 AM
Barrier Collapse at North Carolina Construction Site Kills 1
Authorities in North Carolina say one person is dead and two people are hurt after a barrier collapsed at a construction site. News outlets report the N.C. Department of Labor said the accident occurred Tuesday at a site where affordable …

POSTED JANUARY 24, 2019 6:07 AM
Lawsuit Filed Against School District Over Fatal Shooting at Kentucky High School
The estate of a girl killed and three other students wounded in a shooting at a Kentucky high school have filed suit against the school district and school officials, the teenage suspect and his mother and stepfather. The lawsuit filed …

POSTED JANUARY 24, 2019 6:05 AM
Businesses View Cyber, Business Interruption as Bigger Risks Than Catastrophes
Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes supply chain disruption) is the major risk for companies …

POSTED JANUARY 24, 2019 6:00 AM
Insurance Industry Use of Drone, Aerial Imagery Soared After 2018 Southeast Disasters
The importance of drones and aerial imagery rose to a new level in the wake of 2018 natural catastrophes as insurers made them an integral part of their disaster recovery procedures, particularly following the hurricanes in the Southeast. From the …

POSTED JANUARY 24, 2019 5:58 AM

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