Insurance news

• Don’t throw your money on home emergency and key cover insurance – Patrick Collinson

  28-01-2017 08:00
  
  Millions are overpaying on home emergency and key cover that will seldom result in a successful claimWhat a nightmare when your boiler breaks down in the middle of winter, or when you lock yourself out of your car after losing your keys. So how handy to have “home emergency” or “key cover” insurance for that all-important peace of mind. Except that official figures released this week reveal just how many millions of people are overpaying for these policies.The Financial C
  
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• Industry seeks tighter New York cyber security rule

  28-01-2017 03:00
  At least one insurance industry group has asked New York state
  regulators to tighten a revised proposal dealing with cyber
  security rules that financial services firms must follow, including
  narrowing the definition of non-public information as well as the
  scope of the regulations.
  Some wordings should be changed to make the proposed rules more
  precise, such as referring to company "employees" instead
  of "personnel" and to narrow the definition of
  contractors under the rules, the National Associ
  
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• Lockton hires Willis' Walton for new Seattle office

  28-01-2017 00:13
  Lockton has lured Willis Towers Watson senior vice president
  Laura Walton away to help set up its Seattle-area office as the big
  broker expands in the Pacific Northwest.
  The industry veteran will lead business development and client
  strategy for the new office, temporarily located in the Seattle
  suburb of Bellevue, the company said today in a statement. She is
  set to start on 13 February.
  For the past seven years, Walton has worked for Willis Towers
  Watson specialising in risk...
  
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• Generali credit would sour in Intesa takeover: Moody's

  28-01-2017 00:13
  A takeover of Italy's biggest insurer, Assicurazioni
  Generali SpA by Intesa Sanpaolo SpA, the nation's largest bank
  by market share, would adversely affect the carrier's credit,
  according to Moody's Investors Service.
  Such a transaction, which Intesa said it was exploring on 24
  January, "would dilute Generali's significant geographical
  diversification, one of its main strengths", Moody's said
  in a statement today. The US credit rating company said the impact
  on Intesa would depend on the financi
  
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