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EPA Says Water Utilities Need to Do More to Stop More Frequent Cyberattacks

Insurance Journal

Cyberattacks against water utilities across the country are becoming more frequent and more severe, the Environmental Protection Agency warned Monday as it issued an enforcement alert urging water systems to take immediate actions to protect the nati...

Posted: May 23, 2024

Florida Agents Will Soon Need Three Appointments Before Selling Citizens

Insurance Journal

Starting July 1, Florida insurance agents must have at least three appointments with authorized carriers before they can sell policies for the state-created Citizens Property Insurance Corp. That’s the mandate laid down by Florida House Bill 15...

Posted: May 23, 2024

Arturo names Juan Pujadas to Board of Directors

Reinsurance News

Juan Pujadas, an advisor at Blumberg Capital where he supports fintech portfolio companies such as EarnUp and Field Materials, has joined Arturo’s Board of Directors. He also collaborates with Cherre, Inc., and Mesmerise Solutions. “I am hon...

Posted: May 23, 2024

Bristol Myers, Sanofi Liability in Hawaii Plavix Case Grows to $916 Million

Insurance Journal

A judge in Hawaii on Tuesday ordered Bristol Myers Squibb and Sanofi to pay more than $916 million to the state for failing to warn non-white patients of health risks from its blood thinner Plavix, up from an earlier judgment …

Posted: May 23, 2024

Doctor Was One of Biggest Prescribers of Opioids in Massachusetts

Insurance Journal

A Massachusetts orthopedic surgeon who prosecutors say was one of the top prescribers of opioid drugs in the state was sentenced in federal court in Boston for his role in a health care fraud scheme. Dr. Olarewaju James Oladipo, of …

Posted: May 23, 2024

Doctor, One of Top Prescribers of Opioids in Massachusetts, Is Sentenced

Insurance Journal

A Massachusetts orthopedic surgeon who prosecutors say was one of the top prescribers of opioid drugs in the state was sentenced in federal court in Boston for his role in a health care fraud scheme. Dr. Olarewaju James Oladipo, of …

Posted: May 23, 2024

People Moves: Strub, Bell Join Alliant Employee Benefits Team

Insurance Journal

Holden Strub has joined Alliant Insurance Services, headquartered in Irvine, California, as a producer within its employee benefits group. Strub is based out of Alliant’s east region. Before joining Alliant, Strub was a brand account manager fo...

Posted: May 23, 2024

Maryland Governor Signs Bills on Gun Safety Center, Minimum Firearms Standards

Insurance Journal

Maryland Gov. Wes Moore signed a bill into law last Thursday to create a new statewide center to help prevent gun violence. The governor described the center as the first of its kind since the White House urged states to …

Posted: May 23, 2024

Los Angeles Jury Awards $58M to Injured Train Yard Worker

Insurance Journal

A Los Angeles jury awarded $58 million to a train yard worker who slipped and fell on top of a train while performing electrical repairs at Kinkisharyo International’s Palmdale train manufacturing yard. According to the lawsuit, Pablo Scipione,...

Posted: May 23, 2024

Are You Fraud-Friendly?

Insurance Thought Leadership

Are You Fraud-Friendly? Data Analytics ClareCarroll1

Posted: May 22, 2024

Falcon Insurance Group Selects Percipience’s Data Magnifier SaaS Solution

IIR

A six-month implementation schedule advanced analytics, reports, dashboards, and generative AI applications were factors in the high-risk auto coverage provider’s selection of the solution.

Posted: May 22, 2024

Cover Whale Raises $27.5 Million from Morgan Stanley Expansion Capital

IIR

Recognized for its online commercial trucking insurance platform and Driver Safety Program, Cover Whale will use funding to support the next phase of profitable growth.

Posted: May 22, 2024

CSAA Insurance Group Names Katherine Evans EVP, Chief Legal Officer

IIR

Evans will provide legal, regulatory and compliance oversight and guidance for the company and serve as legal advisor to the board of directors, the CEO and other senior executives.

Posted: May 22, 2024

Small Business Survey: Beware of Birds, Skunks and Champagne

IA Magazine

As many as 50% of small business owners said they have made a workplace injury claim in the past five years. Here are some of the most uncommon accidents experienced.

Posted: May 22, 2024

Businesses Have Just 2 Years to Capitalize on Generative AI: Report

Carrier Management

Businesses Have Just 2 Years to Capitalize on Generative AI: Report The...

Posted: May 22, 2024

Beacon launches with CAD $5.25 million seed round

coverager

MS Transverse participated in the round.

Posted: May 22, 2024

Medical Professional Services Costs Increased Faster in States With No Fee Schedule

Carrier Management

Medical Professional Services Costs Increased...

Posted: May 22, 2024

Crestfield Risk announces launch

coverager

Crestfield is backed by The Vistria Group, a private investment firm.

Posted: May 22, 2024

Next Insurance launches new solution with LegalZoom

coverager

The new offering utilizes a customer's data from LegalZoom and other sources to provide a tailored quote. 

Posted: May 22, 2024

Missouri Senators to Pay Potential Damages in Chiefs Rally Shooting Defamation Case

Insurance Journal

COLUMBIA, Mo. (AP) — Missouri lawmakers will have to pay out of their own pockets if they lose defamation cases filed against them for falsely accusing a Kansas man of being one of the Kansas City Chiefs parade shooters and …

Posted: May 22, 2024

People Moves: BenefitMall Appoints Wong Benefits Sales Executive for Texas

Insurance Journal

BenefitMall, headquartered in Dallas, hired Trent Wong as a benefits sales executive for Texas. Before joining BenefitMall, Wong was a senior account manager at Energy Insurance Agency and a small group sales representative, specialty, with Humana.

Posted: May 22, 2024

TWIA Prepares Biennial Report for Texas Legislature; Assoc. Sees Limited Claims From Houston Storm

Insurance Journal

The Texas Windstorm Insurance Association Board’s Legislative & External Affairs Committee met on May 21 to plan the association’s Biennial Report to the Texas Legislature. TWIA submits a biennial report to the Texas Legislature, the...

Posted: May 22, 2024

Inszone Acquires Illinois’ ISU Coverall

Insurance Journal

Inszone Insurance Services announced the acquisition of ISU Coverall Insurance Group, a prominent full-service insurance broker serving the Chicago area. Founded in 2013 by Casey Brennan, ISU Coverall has carved out a niche for itself by offering ins...

Posted: May 22, 2024

New Talc-Related Class Action Lawsuit Goes After J&J for Fraudulent Conveyance

Insurance Journal

With recent news that Johnson & Johnson is going forward with a third bankruptcy plan of a subsidiary to settle tens of thousand of lawsuits that it’s talc products cause cancer, a class-action lawsuit was filed today alleging the company&#...

Posted: May 22, 2024

Houston Storm Hit Most-Stressed US Grid With Power Outages at 140,000

Insurance Journal

Windows are still falling from skyscrapers in downtown Houston after a historic wind storm whipped through the city last week. And days after the disaster, more than 140,000 customers in the area remain without power. Most of those homes and …

Posted: May 22, 2024

Lack of Motive in Workplace Assault Doesn’t Rebut Presumption of Compensability: Court

Risk & Insurance

New York Court of Appeals clarifies the operation of the rebuttable presumption in workplace assault cases under the state's workers' compensation law. The post

Posted: May 22, 2024

Texas to Face Extreme Heat in New Test for Its Power Grid: Weather Watch

Insurance Journal

Temperatures will soar across Texas this week, increasing demand for energy as people switch on air conditioning to cool down. The heat will also spread across the Midwest and Northeast, with the potential for record warm overnight low temperatures f...

Posted: May 22, 2024

EPA: Oft-Targeted Water Utilities Need to Do More to Thwart Cyber Attacks

Carrier Management

EPA: Oft-Targeted Water Utilities Need to Do More to Thwart Cyber Attacks Cyberattacks against water ut...

Posted: May 22, 2024

TWIA aims to reduce future reinsurance purchases following record 2024

Reinsurance News

The staff of the Texas Windstorm Insurance Association (TWIA) plan to recommend that lawmakers consider new ways to reduce the insurer of last resort’s future reinsurance purchases following its largest reinsurance purchase on record in 2024...

Posted: May 22, 2024

Large Marine Losses Hit Record Low in 2023, But Challenges for Sector Persist

Risk & Insurance

Despite navigating geopolitical conflicts and climate risks, the global marine industry saw a record low number of large vessel losses in 2023, according to the Allianz Safety and Shipping Review 2024. The post

Posted: May 22, 2024

Martello Re reportedly targeting around $800m of new equity

Reinsurance News

Bermuda-domiciled life and annuity reinsurance company Martello Re is deliberating on raising at least $800 million of new equity, as per a new report from Bloomberg. Citing people with knowledge of the matter, Bloomberg’s report noted that...

Posted: May 22, 2024

Growing MGA market deserves more oversight, AM Best says

Reinsurance News

Global credit ratings agency AM Best is maintaining a positive outlook on the delegated underwriting authority enterprise (DUAE) market, citing sustained global growth and momentum, as well as the market’s ability to cater to underserved and...

Posted: May 22, 2024

Allianz UK makes two key senior leadership changes appointing Kam as CRO

Reinsurance News

Allianz UK has announced the promotion of Jason Howes to Chief Transformation Officer and the appointment of Hanna Kam to the role of Chief Risk Officer, taking over the role from John Berry, who has decided to step down. According to the announce...

Posted: May 22, 2024

Containment on Arizona Wind-Driven Wildfire Grows

Insurance Journal

Roughly 200 firefighters continued to battle a wildfire in Arizona that quickly grew to more than 14,000 acres. Firefighters have kept the Wildcat Fire size from growing over the past day, but extremely low humidity, warm temperatures and gusty after...

Posted: May 22, 2024

People Moves: RT Specialty Promotes 6 in New Jersey Environmental/Construction Team

Insurance Journal

RT Specialty, headquartered in Chicago, made several promotions in its Hamilton, New Jersey office, part of the RT Specialty Environmental and Construction Professional Practice (RT ECP). Daniel Wilhelm was promoted to account executive. He joined th...

Posted: May 22, 2024

Slide finalises $1.86bn 2024 reinsurance program

Reinsurance News

Full-stack homeowners insurtech, Slide Insurance, has completed its $1.86 billion reinsurance program for the upcoming 2024 Atlantic hurricane season, reinforcing its ability to protect homeowners across Florida and South Carolina. According to Sl...

Posted: May 22, 2024