Insurance Journal
A subsea gas pipeline and a telecommunications cable connecting Finland and Estonia under the Baltic Sea have been damaged in what may have been a deliberate act, the Finnish government said on Tuesday. NATO Secretary General Jens Stoltenberg said NA...
Posted: Oct 11, 2023
Boyd Clewis’s journey to building a career in cybersecurity began with learning how to persevere and problem solve in the face of setbacks – advice he now shares with companies for managing their cyber risk. After having to drop out …
Posted: Oct 11, 2023
Spanish airline Air Europa has suffered a cyberattack on its online payment system that let some of its customers’ credit card details exposed, the company said on Tuesday. The airline emailed customers whose credit card details were affected a...
Posted: Oct 11, 2023
A 26-year-old oil tanker adrift in the Indian Ocean is drawing the attention of industry watchers and maritime safety officials, the latest stark reminder of the human and environmental risks posed by a shadow fleet hauling Russian crude around the &...
Posted: Oct 11, 2023
Indian startup InsuranceDekho has raised $60 million in Series B funding, driving the online insurance seller’s valuation to more than $650 million. Investors including Japanese giant Mitsubishi UFJ Financial Group Inc. and insurer BNP Paribas...
Posted: Oct 11, 2023
Energy companies, hedge funds and commodity traders are stepping up their use of financial products that let them bet on the weather, as they seek to protect themselves against – or profit from – the increasingly extreme global climate. O...
Posted: Oct 11, 2023
Denver, CO., October 11, 2023 – The National Alliance for Insurance Education and Research has partnered with SambaSafety, a leading provider of cloud-based risk management solutions, to release their first annual research report, titled “From...
Posted: Oct 11, 2023
A new report from the Consumer Federation of America (CFA) says chief executives of insurance companies are “living high on the hog” as policyholders are forced to absorb increases in insurance rates. The research from the association of...
Posted: Oct 11, 2023
Unique vapes, infused cocktails and even personal hygiene items — the variety of new and emerging cannabis products is a clear sign the industry is maturing and innovating. And more importantly for insurance professionals specializing in the cannabis...
Posted: Oct 11, 2023
Small businesses may be growing their revenue, but the vast majority – 75% – are not adequately protecting themselves and their assets. Small businesses are an essential part of the US economy, with 56 million workers employed at firms with …
Posted: Oct 11, 2023
Florida-based insurers still aren’t profitable, overall, but their net losses and underwriting losses are getting smaller. Two more property insurance companies are preparing to enter the Florida market. And the number of Citizens Property Insu...
Posted: Oct 11, 2023
Insurance Office of America (IOA) named Paul Sullivan western division president. Sullivan joined IOA in 2009. He was previously IOA’s regional president of the Northwest region. Former roles include vice president at Arthur J. Gallagher &...
Posted: Oct 11, 2023
Dartmouth College lawyers argued last Thursday that the Ivy League school’s basketball players should not be considered employees because they are unpaid members of a money-losing program whose need-based scholarships don’t depend on thei...
Posted: Oct 11, 2023
The significant flash flooding in New York City in late September could end up costing hundreds of millions of dollars in economic and insurance losses, according to global insurance broker Aon’s most recent report on natural catastrophes. Fuel...
Posted: Oct 11, 2023
The main mast of a historic excursion vessel splintered and fell onto the vessel`s deck Monday, killing one person and injuring three others aboard the schooner Grace Bailey, officials said. A nearby Coast Guard vessel began evacuating the injured pa...
Posted: Oct 11, 2023
The top two leaders of Connecticut State Police will be stepping down in the middle of multiple investigations into whether troopers submitted bogus data on thousands of traffic stops that may have never happened, Gov. Ned Lamont said Wednesday. Stat...
Posted: Oct 11, 2023
Bobby Levell Gilbert, Jr., 66 of Santa Ana, California, and owner of B & J Tree Service, has been charged with 96 felony counts for alleged wage theft, denial of workers’ compensation benefits to employees, workers’ compensation fraud...
Posted: Oct 11, 2023
Drugmaker Mallinckrodt on Oct. 10 won court approval for a bankruptcy plan that cuts $1 billion from what it must pay opioid crisis victims, cancels existing equity shares, and trims nearly $2 billion in other debt. The Ireland-based company reached...
Posted: Oct 10, 2023
This post is part of a series sponsored by AgentSync. Integrating compliance solutions into the rest of your technology is the biggest time saver (and risk-reducer!) for compliance teams and their variable lines brokers. Retirement-focused insurance...
Posted: Oct 10, 2023
This post is part of a series sponsored by CoreLogic. Welcome to the third installment of our four-part series on wildfire hazard and risk management, where we will explore CoreLogic’s wildfire risk models and their optimal use within the insur...
Posted: Oct 10, 2023
DECATUR, Ala. (AP) — An attorney representing the family of a Black man who was fatally shot at his home by police said Friday that officers did not give the man time to respond before they opened fire. Steve Perkins, …
Posted: Oct 10, 2023
An anonymous hacker is claiming to be selling “millions” of genetic profiles cobbled together from hijacked 23andMe customer accounts. The seller suggested the profiles, which include email addresses, photos, gender, date of birth and DNA...
Posted: Oct 10, 2023
As personal property owners face issues related to rising frequency and severity of natural catastrophes, a survey has found many do not have money or know where to start in order to mitigate damages. The American Property Casualty Insurance Associat...
Posted: Oct 10, 2023
FORT LAUDERDALE, Fla. (AP) — How much is Donald Trump`s Mar-a-Lago worth? That`s been a point of contention after a New York judge ruled that the former president exaggerated the Florida property`s value when he said it`s worth at least …
Posted: Oct 10, 2023
SpaceX was accused in a lawsuit of discrimination for allegedly paying women and minority employees less than their male and White co-workers. The proposed class action, which cites California’s Equal Pay Act, was filed in Los Angeles Superior...
Posted: Oct 10, 2023