Insurance Journal
The European Union will need 1.5 trillion euros ($1.6 trillion) per year of investments to meet its 2050 net zero emissions target, research backed by Green EU lawmakers said on Monday. The European Commission is set to recommend next week …
Posted: Jan 31, 2024
The role drug distributor McKesson Corp. had in the opioid crisis was no accident, meaning the company is not entitled to defense costs related to litigation against it. McKesson Corp. appealed a district court’s ruling that subsidiaries of AIG...
Posted: Jan 31, 2024
Despite law enforcement actions, fourth quarter 2023 ransomware incidents still surpassed 2022 by nearly 70%, and the number of active ransomware groups grew by 34%. Corvus Insurance recently released its Q4 2023 Ransomware Report, featuring data col...
Posted: Jan 31, 2024
The cyberattack on MGM Resorts in September 2023 provides a vivid example of the effects these types of attacks can have in today’s complex and interconnected IT environments. MGM estimates the incident-related costs at upwards of $100 million,...
Posted: Jan 31, 2024
A key Florida Senate committee this week advanced a bill that would allow surplus lines carriers to take over coverage of second homes from Citizens Property Insurance Corp. Reaction by agents and brokers was mixed. The issue of having the …
Posted: Jan 31, 2024
A key Florida Senate committee this week advanced a bill that would allow surplus lines carriers to take over coverage of second homes from Citizens Property Insurance Corp. Reaction by agents and brokers was mixed. The issue of having the …
Posted: Jan 31, 2024
The state of Connecticut is suing 28 chemical manufacturers that it alleges are responsible for “knowingly contaminating” the state’s waters and natural resources and harming public health with toxic PFAS “forever chemicals.&#...
Posted: Jan 31, 2024
California small business owners in are decidedly against three proposals or potential ballot initiatives they believe could impact their operations. A poll from the National Federation of Independent Business asked respondents four questions that ar...
Posted: Jan 31, 2024
An Alaska fishing guide company has paid $900,000 to settle a lawsuit brought by the U.S. government alleging one of its guides started a wildfire in 2019, the U.S. attorney’s office for Alaska said in a statement. Court documents said …
Posted: Jan 31, 2024
An Alaska fishing guide company has paid $900,000 to settle a lawsuit brought by the U.S. government alleging one of its guides started a wildfire in 2019, the U.S. attorney’s office for Alaska said in a statement. Court documents said …
Posted: Jan 31, 2024
Last month, Mike Weber got the news every poultry farmer fears: His chickens tested positive for avian flu. Following government rules, Weber’s company, Sunrise Farms, had to slaughter its entire flock of egg-laying hens — 550,000 birds — to pr...
Posted: Jan 31, 2024
Last month, Mike Weber got the news every poultry farmer fears: His chickens tested positive for avian flu. Following government rules, Weber’s company, Sunrise Farms, had to slaughter its entire flock of egg-laying hens — 550,000 birds — to pr...
Posted: Jan 31, 2024
Record fourth quarter 2023 net income of $3.3 billion, a huge increase over net income of about $1.3 billion during the same period a year ago ended what CEO Evan G. Greenberg called a “blowout year.” Last year was the …
Posted: Jan 31, 2024
Oklahoma Insurance Commissioner Glen Mulready has been re-appointed by the National Association of Insurance Commissioners (NAIC) to serve as the Chair for the American Indian and Alaska Native Liaison Committee in 2024. He was also named Vice-Chair...
Posted: Jan 30, 2024
Oklahoma Insurance Commissioner Glen Mulready has been re-appointed by the National Association of Insurance Commissioners (NAIC) to serve as the Chair for the American Indian and Alaska Native Liaison Committee in 2024. He was also named Vice-Chair...
Posted: Jan 30, 2024
Arthur J. Gallagher & Co. announced the acquisition of Washington, Iowa-based Horak Insurance, Inc. Terms of the transaction were not disclosed. Horak Insurance is a retail property/casualty insurance agency serving commercial and personal lines...
Posted: Jan 30, 2024
This edition of International People Moves details appointments at Carbon Underwriting, Canopius Group and Berkshire Hathaway Specialty Insurance (BHSI) . A summary of these new hires follows here. Carbon Underwriting Appoints Head of Specialty Carbo...
Posted: Jan 30, 2024
Global regulators, aviation security specialists and manufacturers failed to reach an agreement on a quick technical fix to the problem of GPS spoofing near war zones at a meeting on Thursday [Jan. 25], instead calling for better training of pilots &...
Posted: Jan 30, 2024
The Latin American Association of Insurance Agents has teamed up with the University of South Florida to expand awareness of insurance industry trends, best practices and emerging technology, for students as well as professionals. LAAIA said in a new...
Posted: Jan 30, 2024
A Virginia police officer has been denied workers’ compensation benefits for a heart condition despite the state law that his condition is presumed to be work-related. The Virginia Workers’ Compensation Commission (VWCC) has ruled that th...
Posted: Jan 30, 2024
Microsoft Corp. said an account that was compromised by Russia-linked hackers, resulting in a hack of some company emails including senior leaders, didn’t have multifactor authentication enabled. The hackers “tailored their password spray...
Posted: Jan 30, 2024
BOXX Insurance, the Toronto-based cyber insurtech and managing general agent, has announced the launch of a cyber risk mitigation solution in collaboration with AXA, aimed at providing crucial support to small businesses. Recognizing the critical nee...
Posted: Jan 30, 2024
Michael Lezynski has joined Alliant Insurance Services, headquartered in Irvine, California, as executive vice president within the company’s Alliant Americas division. Based in Red Bank, New Jersey Lezynski will be responsible for growth and e...
Posted: Jan 30, 2024
JACKSON, Miss. (AP) — Mississippi lawmakers met in special session last week and quickly approved job training money and other state incentives to support a plan by Amazon Web Services to spend $10 billion to build two data centers in …
Posted: Jan 30, 2024
ATLANTA (AP) — A once-prominent labor and employment attorney who fatally shot his wife in 2016 as they rode in an SUV pleaded guilty to a charge of involuntary manslaughter and was sentenced to eight years in prison as part …
Posted: Jan 30, 2024