July 7, 2022
Thu, 07 Jul 2022 08:03:31 +0000
Environmental groups are suing the Dutch subsidiary of Air France-KLM over an advertising campaign they allege breaches European consumer law by misleading the public over how sustainable its flights are. Dutch campaigners Fossielvrij NL, supported by ...
Thu, 07 Jul 2022 07:41:11 +0000
Probitas 1492, the Lloyd’s insurer, has started underwriting cyber insurance with Richard Taylor, head of Cyber & Technology, focusing the book of business on complex small-and-medium-sized enterprises (SME), up to large single risks. “We have spent th...
Thu, 07 Jul 2022 07:13:44 +0000
Cybersecurity outfit Group-IB will split its Russian and international business into two separate companies in a bid to maintain a presence in both the Russian and overseas markets, the company said on Wednesday. (Reuters issued a statement with this a...
Thu, 07 Jul 2022 06:54:40 +0000
Ryan Specialty announced it has opened an office in Madrid as a next step in the evolution of the firm’s transactional risk managing general underwriter, Ryan Specialty Transactional Risks International. Madrid is the firm’s third European/UK office, t...
Thu, 07 Jul 2022 05:48:53 +0000
City of London executives have expressed anxiety that the turmoil rocking the UK government may delay or derail post-Brexit reforms aimed at boosting competition and growth. The resignations of Chancellor Rishi Sunak and John Glen, economic secretary t...
Thu, 07 Jul 2022 05:22:06 +0000
U.S. officials are testing a new wildfire retardant after two decades of buying millions of gallons annually from one supplier, but watchdogs say the expensive strategy is overly fixated on aerial attacks at the expense of hiring more fire-line digging …
Thu, 07 Jul 2022 05:08:53 +0000
GloveBox, which provides independent agencies with a platform for aggregating insurance policy documents, regardless of carrier, in one centralized location, announced it has raised $5.5 million in Series A funding. The Denver-based insurtech serves as...
Thu, 07 Jul 2022 05:01:57 +0000
A Miami-Dade jury has returned one of the largest verdicts ever in an automobile accident, awarding $95 million in damages plus attorneys’ fees to a South Florida family whose daughter was killed and whose son was catastrophically injured by a …
Thu, 07 Jul 2022 05:01:46 +0000
Risk Strategies Expands on Florida’s East Coast Risk Strategies, a national specialty insurance brokerage and risk management firm based in Boston, has acquired Sebastian Insurance Group of Florida. Sebastian, headquartered in Sebastian, Florida, on th...
Thu, 07 Jul 2022 05:00:49 +0000
Doug Mastriano, Pennsylvania’s Republican nominee for governor, has made a campaign staple out of the allegation that Democratic Gov. Tom Wolf’s policy of readmitting COVID-19 patients from hospitals to nursing homes caused thousands of deaths — a ba...
Thu, 07 Jul 2022 05:00:44 +0000
The patients at a new training lab for UPMC Western Maryland staff can’t draw a breath, though it might seem like they can by the rise and fall of their chests. The hospital recently opened up its new simulation lab, …
Wed, 06 Jul 2022 16:40:25 +0000
Louisiana’s Hurricane Ida Mediation Program is being extended through December 31, 2022, Louisiana Insurance Commissioner Jim Donelon announced. The voluntary Hurricane Ida Mediation Program, which is open to authorized property and casualty insurers a...
Wed, 06 Jul 2022 16:30:01 +0000
Hobby Lobby Stores, Inc., a national arts-and-crafts retailer, violated federal law when it refused to reasonably accommodate a cashier at its Olathe, Kansas store by allowing her to use a service dog and then fired her because of her disabilities, …
Wed, 06 Jul 2022 16:13:28 +0000
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) said it is accepting public comments on a proposed rule amending 28 Texas Administrative Code §180.62, concerning the Medical Quality Review Panel (MQRP). The Legislature enact...
Wed, 06 Jul 2022 16:08:00 +0000
A campaign to legalize marijuana for medicinal use in Nebraska is in danger of missing its signature goal to qualify for the November general election ballot, organizers said. Nebraskans for Medical Marijuana still needs to gather thousands of signatur...
Wed, 06 Jul 2022 15:48:10 +0000
A Maine superfund mining site is receiving $21 million in Environmental Protection Agency funding to expedite contamination cleanup efforts. The Callahan Mine superfund site in Brooksville originally received $9 million from the bipartisan federal infr...
Wed, 06 Jul 2022 15:39:34 +0000
West Virginia’s insurance commissioner is reminding workers’ compensation stakeholders about statutory changes that took effect this month on claims and adjudication of claims. “As a result of these changes, it is critical that all stakeholders comply ...
Wed, 06 Jul 2022 15:36:52 +0000
While the market for cyber insurance is expected to remain challenging “for the foreseeable future,” there is optimism for rate stabilization as organization focus on cyber hygiene, according to broker Marsh. In a recent briefing, the broker said “stee...
Wed, 06 Jul 2022 14:44:29 +0000
Foster & Foster Consulting Actuaries Inc. has completed its acquisition of California-based Bartel Associates LLC. Bartel’s core business is focused in performing Other Postemployment Benefits consulting. Bartel also provides pension consulting service...
Wed, 06 Jul 2022 14:39:41 +0000
Evacuation orders were expanded Tuesday for remote California communities near a wildfire that may have been sparked by fireworks or a barbecue on the Fourth of July in a mountainous region that’s a top tourism destination. The Electra Fire in …
Wed, 06 Jul 2022 14:34:24 +0000
Meta’s Facebook has asked a U.S. court for eight documents created by the U.S. Federal Trade Commission as part of their review of the company’s purchases of Instagram and WhatsApp, which the agency allowed to go forward. The request was …
Wed, 06 Jul 2022 14:30:59 +0000
The member-owned property insurer known as SURE has assumed some 14,000 South Carolina homeowners policies from FedNat Insurance, which left the state as part of a financial restructuring plan this year. “We responded to FedNat’s downgrade by expeditin...
Wed, 06 Jul 2022 14:19:27 +0000
Geo Underwriting, The Ardonagh Group’s MGA subsidiary, has completed the acquisition of the managing general agent Lorega Holdings Ltd. from Alcuin Capital Partners. Financial details of the transaction were not disclosed. Lorega is the UK’s leading su...
Wed, 06 Jul 2022 13:36:40 +0000
Doctors learned early in the pandemic that COVID-19 was more than a respiratory disease. It was attacking bodily organs, including the heart – even in healthy, young athletes. Enough athletes with COVID were experiencing heart inflammation, called my...
Wed, 06 Jul 2022 13:25:55 +0000
The owner of a Tampa medical clinic has been charged in a scheme that staged auto accidents then submitted more than $970,000 in falsified insurance claims, Florida authorities said. Angela Ippolito Duncan, owner of Ybor Medical and Wellness Center, was …
Wed, 06 Jul 2022 13:17:48 +0000
US death rates from motor vehicle crashes rates are the highest among 29 upper-income countries, according to a government study that adds to the country’s poor public-health record among developed nations. Annual US fatalities from car, truck and moto...
Wed, 06 Jul 2022 12:24:43 +0000
Luxury British jeweler Graff Diamonds Corp. paid $7.5 million ransom in Bitcoin to a Russian hacking gang after it leaked data on the jeweler’s high-profile clients, according to a London lawsuit. Graff, that counts Middle East royalty among its client …
Wed, 06 Jul 2022 12:16:31 +0000
Governor Kathy Hochul has signed legislation to help employers with unpaid workers’ compensation premiums regain access to coverage through the New York State Insurance Fund, the state’s largest workers’ compensation insurer. New York law requires busi...
Wed, 06 Jul 2022 12:00:26 +0000
Although reports indicate ransomware activity has been quieter than usual to start the year, experts say that likely won’t last for long. “What we see is there’s an evolution of [ransomware] changing and not just in the way that the …
Wed, 06 Jul 2022 11:23:08 +0000
This edition of International People Moves details appointments at MS Amlin, DUAL Europe, and Gallagher Re. A summary of these new hires follows here. MS Amlin Names Liberty Mutual’s Baxter as Head of Reinsurance, Deputy CUO MS Amlin Underwriting Ltd. …