Insurance Journal

Cyberattacks Over Work Email Most Used; Ransomware Hits Victims Hard: Artic Wolf

Business email compromise is now the top method of cyberattack, according to a survey from cybersecurity firm Arctic Wolf. Of the 1,000 surveyed senior IT and cybersecurity decisionmakers from organizations in more than 15 countries, 70% said they we...

Posted: May 21, 2024

Cyberattacks Over Work Email Most Used; Ransomware Hits Victims Hard: Arctic Wolf

Business email compromise is now the top method of cyberattack, according to a survey from cybersecurity firm Arctic Wolf. Of the 1,000 surveyed senior IT and cybersecurity decisionmakers from organizations in more than 15 countries, 70% said they we...

Posted: May 21, 2024

People Moves: CFC Canada Taps Marsh’s Della Mora as CEO, Opens 1st Canada Office

CFC, the London-based specialist managing general agent, announced the appointment of Kate Della Mora to the newly created role of CEO, CFC Canada. Della Mora’s appointment coincides with the launch of CFC’s first office on the ground in...

Posted: May 21, 2024

Aon’s NFP Acquires UK-Based Consultant HELPGB

NFP, an Aon company and international insurance brokerage and consulting firm, announced it has acquired HELPGB, a human resources and health and safety consulting business. Financial details of the deal were not disclosed. Clark Hunter, director of...

Posted: May 21, 2024

Warburg, Temasek Buy Insurance Services Firm, Specialist Risk Group, in £1B Deal

Warburg Pincus, a private equity firm focused on growth, is teaming up with Singapore’s Temasek Holdings Pte to buy Specialist Risk Group Ltd., an independent insurance intermediary, according to people familiar with the matter. The deal values...

Posted: May 21, 2024

Markets/Coverages: Rokstone, Allianz Commercial Partner for $10M Marine Cargo Facility

Allianz Commercial and Rokstone, the Aventum Group’s international re/insurance MGA, announced a collaboration for a US$10 million facility to write marine cargo business worldwide with immediate effect. This broadens Allianz’s wholesale...

Posted: May 21, 2024

AI-Intensive Sectors Are Seeing Productivity Surge: PwC

The types of business which are most likely to use artificial intelligence are seeing growth in workers’ productivity that is almost five times faster than elsewhere, raising hopes for a boost to the broader economy, accountancy firm PwC said....

Posted: May 21, 2024

Japan’s Insurers Surge on Buybacks, Unwind of Cross-Holdings

Shares of Japanese insurers MS&AD Insurance Group Holdings Inc. and Tokio Marine Holdings Inc. surged after the companies announced stock buybacks, as well as plans to sell their holdings in client companies. MS&AD, which also reported full-y...

Posted: May 21, 2024

GSK Faces Whistleblower Suit From Lab That Found Zantac Risk

GSK Plc is facing a whistleblower lawsuit that could potentially cost it billions of dollars from the laboratory that revealed the presence of a probable carcinogen in Zantac, the heartburn medication that the UK drugmaker invented and turned into a...

Posted: May 21, 2024

US to Deploy More Than $50 Million to Shield Private Hospitals From Cyberattacks

The US government is seeking to play a more active role in protecting the private health-care sector from a deluge of cyberattacks that have disrupted patient care and left providers unpaid. US health officials will unveil Monday a new program &#8230...

Posted: May 21, 2024

Georgia Statute of Limitations Not Automatically Tolled in Negligent Security Cases

Insurers covering property in Georgia could be on the hook for personal injuries occurring on the premises if the property owners and property managers do not fulfill their duty to exercise ordinary care in keeping their premises and approaches safe,...

Posted: May 21, 2024

Cal/OSHA Beefing Up Safety Enforcement to Protect Workers Against Silicosis

California’s Division of Occupational Safety and Health reports seeing growing number of silicosis cases among stone workers in California, and the agency is launching efforts to beef up its enforcement efforts. Since 2019, more than 100 Califo...

Posted: May 21, 2024

Cal/OSHA Beefing up Safety Enforcement to Protect Workers Against Silicosis

California’s Division of Occupational Safety and Health reports seeing growing number of silicosis cases among stone workers in California, and the agency is launching efforts to beef up its enforcement efforts. Since 2019, more than 100 Califo...

Posted: May 21, 2024

Hawaii Officials Outline Efforts to Prevent Another Devastating Wildfire Ahead of a Dry Season

As Maui continues to recover from the deadliest U.S. wildfire in more than a century, Hawaii officials are looking at preventing another similar disaster ahead of what is expected to be a dry, fire-prone season, Gov. Josh Green said in …

Posted: May 21, 2024

Hawaii Outlines Efforts to Prevent Another Devastating Wildfire Ahead of a Dry Season

As Maui continues to recover from the deadliest U.S. wildfire in more than a century, Hawaii officials are looking at preventing another similar disaster ahead of what is expected to be a dry, fire-prone season, Gov. Josh Green said in …

Posted: May 21, 2024

Relation Insurance Acquires Brooklyn’s Elite Agency

California-based Relation Insurance Services reports it has acquired Elite Insurance Agency, Inc. on April 1, 2024. Elite, based in Brooklyn, New York. offers employee benefits, commercial insurance, and high-net-worth personal insurance, Owner Yechi...

Posted: May 21, 2024

Judge Rejects Former Delaware Trooper’s Discrimination Claims Against State Police

A federal judge ruled last Friday in favor of the Delaware State Police in a lawsuit filed by a former trooper who said she was subjected to years of discrimination, sexual harassment and retaliation as she rose through the ranks. …

Posted: May 21, 2024

Couple Staged Half Million Dollar Fraud Against Theater Nonprofit, Insurer Claims

Philadelphia Indemnity Insurance Co. is suing a Connecticut couple the insurer alleges defrauded its insured, a Florida theater nonprofit, by using the organization’s checking and credit card accounts for more than a half million dollars in una...

Posted: May 21, 2024

Insurance in the Headlines with Baltimore’s Francis Scott Key Bridge Collapse

This post is part of a series sponsored by AgentSync. Once in a while, we get to cover an insurance story that coincides with current events. In the past, we’ve explored the insurance ramifications of things like the Johnny Depp/Amber …

Posted: May 20, 2024

Power Restored to Majority of Houston Residents Affected by Deadly Storms

HOUSTON (AP) — Houston area residents affected by deadly storms last week received some good news as officials said power was restored Sunday to a majority of the hundreds of thousands who had been left in the dark and without …

Posted: May 20, 2024

Empowering InsurTech: The Rise of Low-Code Solutions

This post is part of a series sponsored by Dyad. Technology is crucial in propelling innovation and efficiency within the constantly evolving insurance technology (InsurTech) sector. One of the most notable advancements in recent years has been the e...

Posted: May 20, 2024

Arizona Wildfire Growing Amid Windy Conditions

A wildfire has led the U.S. Forest Service to shut down a portion of the Tonto National Forest has grown to more than 14,000 acres. The Wildcat Fire increased in size because of windy weather conditions Sunday, prompting the Tonto …

Posted: May 20, 2024

Chicago Tribune Faces Suit Over Alleged Pay Disparities Among Women and Black Journalists

CHICAGO (AP) — The Chicago Tribune is being sued by some of its staffers, who say they and other women and Black journalists are being paid less than their white male counterparts. The complaint filed Thursday in federal court in …

Posted: May 20, 2024

Chicago Tribune Faces Suit Over Pay Disparities Among Women and Black Journalists

CHICAGO (AP) — The Chicago Tribune is being sued by some of its staffers, who say they and other women and Black journalists are being paid less than their white male counterparts. The complaint filed Thursday in federal court in …

Posted: May 20, 2024

Howden Buys Microinsurance Specialist That Offers Cover for LatAm Underinsured

Howden, the London-based insurance intermediary group, announced the acquisition of MiCRO, a microinsurance specialist that designs and implements parametric insurance coverage for underserved populations in Latin America against natural catastrophes...

Posted: May 20, 2024