Insurance Journal
Two arrests. Twenty-eight servers seized. And 1,000 decryption keys obtained that can help hacking victims worldwide get their data back. The takedown announced Tuesday of the Russia-linked hacking gang LockBit, which by some estimates has been respo...
Posted: Feb 22, 2024
The former chief of staff for an Atlanta-area sheriff has resigned after he was indicted on auto insurance fraud charges. Braxton Tyree Cotton, 42, top aide to Cobb County Sheriff Craig Owens, claimed in 2023 that his Chevrolet Corvette had …
Posted: Feb 22, 2024
When Allstate’s Florida unit, Castle Key Indemnity Co., entered the surging condominium insurance market in 2020, it looked like it had made a smart bet: Within two years, the carrier had added no fewer than 123,000 policies. Then came reinsura...
Posted: Feb 22, 2024
Anne Belinn joined Alliant Insurance Services as a vice president within its employee benefits group. Belinn will provide employee benefits consulting to a wide variety of clients nationwide. Belinn has over 25 years of experience in employee benefit...
Posted: Feb 22, 2024
Donald Trump’s planned appeal of a $355 million judgment against him in his civil fraud case may focus on the former president’s contention that there were no actual victims from his conduct at issue in the case, which was brought …
Posted: Feb 22, 2024
A California regulator has put on hold until June 19 an application by Alphabet’s Waymo to expand its robotaxi services to parts of the Los Angeles area and San Francisco’s peninsula, amid rising safety concerns over autonomous vehicles....
Posted: Feb 22, 2024
The underwriting of liquefied natural gas (LNG) capacity in the US by major global insurers is at odds with their climate ambition, according to a report from activist groups including Public Citizen and Rainforest Action Network. Chubb, American Int...
Posted: Feb 21, 2024
The Texas Windstorm Insurance Association Board of Directors voted Tuesday to establish $6.5 billion as the association’s 1:100 probable maximum loss (PML) for the 2024 storm season, an increase of $2 billion over last year’s PML. TWIA ha...
Posted: Feb 21, 2024
The Michigan Department of Insurance and Financial Services (DIFS) announced that the department helped recover more than $19.5 million for Michigan consumers in 2023. In addition, DIFS staff answered nearly 140,000 consumer phone calls, a single yea...
Posted: Feb 21, 2024
Resilience, a risk management firm, has strategically expanded its capabilities through the acquisition of BreachQuest, an incident response technology solution. This move is set against the backdrop of an evolving digital workspace and cloud-based p...
Posted: Feb 21, 2024
OMAHA, Neb. (AP) — A former Nebraska women’s basketball player alleges coach Amy Williams and athletic director Trev Alberts did not take appropriate action when her sexual relationship with an assistant coach became widely known. Ashley Scoggi...
Posted: Feb 21, 2024
This edition of International People Moves details appointments at the insurer Markel and the specialty re/insurer IQUW. A summary of these new hire follows here. Markel, the insurance operations within Markel Group Inc., announced that Katie Costell...
Posted: Feb 21, 2024
The familiar “cone of uncertainty” map, used for years by meteorologists to show a hurricane’s predicted path, is about to get an upgrade – at least temporarily, the National Hurricane Center announced this week. Starting Aug. 15, j...
Posted: Feb 21, 2024
Aon’s proposed $13.4 billion acquisition of NFP passed a regulatory waiting period Feb. 21, the companies said. While the acquisition is still subject to other regulatory and closing conditions, it has cleared the 30-day waiting period under th...
Posted: Feb 21, 2024
Retailer Target and the maker of a hoverboard the store sold have agreed to a $38.5 million settlement of a lawsuit claiming the scooter caused a Pennsylvania house fire in which two girls, ages 10 and 15, died. The lawsuit …
Posted: Feb 21, 2024
Beazley, the London-based specialty insurer, announced the creation of an integrated cyber risk management company, Beazley Security, formed from the merger of its in-house Cyber Services team and its wholly owned cyber security company, Lodestone. B...
Posted: Feb 21, 2024
When does a hallucinogenic drug become the direct cause of a catastrophic injury, triggering a homeowners’ policy exclusion? Not when a young man falls out of bed and is later moved by his comrades, potentially worsening a spinal injury, a R...
Posted: Feb 21, 2024
When does a hallucinogenic drug become the direct cause of a catastrophic injury, triggering a homeowners’ policy exclusion? Not when a young man falls out of bed and is later moved by his comrades, potentially worsening a spinal injury, a R...
Posted: Feb 21, 2024
Protection and Indemnity (P&I) clubs sought further price improvements at the February 2024 renewals in order to keep up with claims inflation, despite a relatively benign year for P&I claims in 2023, according to a report from AM Best. The &...
Posted: Feb 21, 2024
Artificial intelligence experts and industry executives, including one of the technology’s trailblazers Yoshua Bengio, have signed an open letter calling for more regulation around the creation of deepfakes, citing potential risks to society. &...
Posted: Feb 21, 2024
Inszone Insurance Services acquired Frank Vitale Insurance Agency in Soquel, California. The agency’s primary focus has been on insuring the construction industry, offering specialized coverage such as worker’s compensation, general liabi...
Posted: Feb 21, 2024
Florida-based King Insurance Partners reports it has acquired Mehta Insurance Agency, located in Absecon, New Jersey. Mehta Insurance Agency’s offerings include business, flood and life insurance. Sunil Mehta said that integrating with King wil...
Posted: Feb 21, 2024
Months after a judge ruled that New York’s ethics watchdog violated the state constitution because it was too independent, a state lawyer told an appeals court that officials had the right to create a corruption-fighting commission more insulat...
Posted: Feb 21, 2024
A woman who accused billionaire Leon Black of raping her two decades ago at the Manhattan mansion of disgraced financier and sex offender Jeffrey Epstein has ended her lawsuit against the Apollo Global Management co-founder. Cheri Pierson dismissed h...
Posted: Feb 21, 2024
Lockton, headquartered in Kansas City, Missouri, named Steve Goldenberg executive vice president, operations. He will be based in Kansas City and lead strategic initiatives, recruit talent, and build innovative solutions. Goldenberg joins Lockton fro...
Posted: Feb 21, 2024