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Agents Warned About E&O Risks in Claiming Cyber, Cannabis Expertise

Insurance agents and brokers who market themselves as experts in cannabis or cyber could wind up regretting that positioning. Because both are relatively new exposures subject to changing regulations and coverages, producers marketing themselves as experts could face scrutiny, lawsuits … Source: Insurance News

Toy Wars: Lego Sues to Halt Sales of Zuru ‘Copycat’ Figurines at Walmart

14Decemberadmin

Lego A/S wants to make sure any plastic toy figurine unwrapped in an American home during the holidays isn’t what the toymaker calls a copycat of its own products. The Danish toymaker is asking a federal judge in Connecticut to … Source: Insurance News

Average World Temperatures to Far Exceed Paris Climate Agreement Goals: Report

13Decemberadmin

Average world temperatures are on course to far exceed the main goal set in the 2015 Paris Agreement on limiting global warming, a study showed on Tuesday [Nov. 11]. But the overshoot by the end of this century could be … Source: Insurance News

Most UK SMEs Don’t Understand Risks of Cyber Attacks, Data Loss: Aon Poll

13Decemberadmin

A poll of small and medium-sized enterprises (SMEs) and micro businesses in the UK shows over half are confused by or even unaware of the rules around the EU’s General Data Protection Regulation (GDPR), while more than eight out of … Source: Insurance News

Gallagher Bassett Acquires UK-Based Property Claims Management Services

13Decemberadmin

Gallagher Bassett, the risk management services subsidiary of Arthur J. Gallagher, has boosted its size and offering in the United Kingdom by acquiring Property Claims Management Services Ltd. (PCMS). With origins dating back to 1991, Tamworth, England-based PCMS business provides … Source: Insurance News

Gallagher Buys IBS Re Singapore, 40% Stake in Indonesia’s IBS Insurance Broking

12Decemberadmin

Arthur J. Gallagher & Co. announced it has acquired a 40 percent equity stake in Indonesian insurance broker and risk management services provider PT IBS Insurance Broking Service, as well as 100 percent of reinsurance broker, IBS Re Singapore. Other … Source: Insurance News

Starr Insurance Cos. Expands Aviation Insurance Operations to Brazil

12Decemberadmin

Starr Insurance Cos. announced that Starr International Brasil Seguradora S.A. has been granted a local license to offer aviation insurance. “We are thrilled to be adding aviation capability in an important, growing economy like Brazil,” said Steve Blakey, president and … Source: Insurance News

Brit Partners with Schillings Critical Risk to Create Kidnap-for-Ransom Offering

12Decemberadmin

Brit Ltd. announced it is partnering with Schillings Critical Risk to create a comprehensive kidnap-for-ransom offering. Extortion and kidnap for ransom are extreme and endemic risks for individuals and businesses operating in many countries around the world, said Brit, noting … Source: Insurance News

Bureaucratic Disputes, Funding Problems Hinder Search for 2nd Lion Air Black Box

11Decemberadmin

Bureaucratic wrangling and funding problems have hampered the search for the cockpit voice recorder of a crashed Lion Air jet, prompting investigators to turn to the airline to foot the bill in a rare test of global norms on the … Source: Insurance News

Olympus to Pay $85 Million for Failing to Report Medical Device Contamination Risks

11Decemberadmin

An Olympus Corp. subsidiary pleaded guilty on Monday and agreed to pay $85 million to resolve charges that it failed to file reports with U.S. regulators regarding infections connected to its duodenoscopes while continuing to sell the medical devices used … Source: Insurance News