Young Risk Professionals Expands National Leadership Team with New Board Members
As Young Risk Professionals looks towards continued growth in 2024, the networking organization has announced the appointment of Taylor Jones, Michelle Khajeh, and Holly Ragsdale as board members to the national leadership team. These elections reflect the organization’s commitment to …
People Moves: Wallace & Turner Names Leventhal Director of Operations & Business Development
Wallace & Turner, Inc., headquartered in Springfield, Ohio, named Mary Jo Leventhal director of operations and business development. Leventhal has more than 25 years of experience in the insurance industry. Before joining Wallace & Turner, she was a commercial lines …
Brawner Insurance Agency Joins Valley Insurance Agency Alliance
Brawner Insurance Agency, headquartered in Kirksville, Mo., joined Valley Insurance Agency Alliance (VIAA), comprised of more than 160 independent insurance agencies in Missouri and Illinois. Founded in 1992, Brawner Insurance Agency is led by second generation owner Jared Brawner. By …
Carolina Homeowners Give an Earful on Proposed 42% Average HO Rate Increase
North Carolinians have had plenty to say about a proposed homeowners insurance rate increase that could, on average, raise rates in the state by double digits. At a public forum held online and in Raleigh, homeowners blasted the 42% average …
Michigan Hospital Agrees to Pay $50K to Settle Religious Discrimination Lawsuit
Trinity Health Grand Rapids, formerly known as Mercy Health St. Mary’s, a hospital and member of the Trinity Health-Michigan health system, agreed to pay $50,000 and provide other relief to settle a religious discrimination lawsuit filed by the U.S. Equal …
What Does Red Sea Disruption Mean for Europe’s Economy?
Weeks of attacks by Iranian-backed Houthi militants on vessels in the Red Sea have disrupted shipping in the Suez Canal, the fastest sea route between Asia and Europe, carrying around 15% of global sea trade. For the European economy, already …
Microsoft’s Bing, Edge to Avoid EU’s Digital Dominance Crackdown
Microsoft Corp.’s Bing search engine, Edge web browser and Advertising services are set to be exempt from strict new European Union antitrust rules reining in Big Tech platforms because watchdogs tentatively concluded they’re not dominant enough to be hit by …
Broken Pipes in Memphis Cause Water Pressure, Supply Problems
(AP) — Subfreezing conditions and treacherous roadways have contributed to dozens of deaths this month across the U.S., where states as far south as Texas and Florida were gripped by deadly arctic weather on Sunday. Nationally, winter storms have claimed …
SEC Blames ‘SIM Swapping’ for its X Account Hack
Wall Street’s top regulator was the victim of “SIM swapping,” a technique internet fraudsters use to seize control of telephone lines, when its account on the social media platform X, formerly known as Twitter, was hacked earlier this month, the …
J&J Agrees to Resolve Talc Investigations in 42 States
Johnson & Johnson on Tuesday said it had reached a tentative settlement to resolve probes by U.S. states into whether it misled consumers about the safety of its talc products, which thousands of lawsuits claim can cause cancer. The deal …
Massachusetts Hospital Faces Class Action Over Christmas Cyber Attack
A Massachusetts hospital that suffered a cyber attack in December has been hit with a class action lawsuit for its alleged failure to secure patients’ personal information. Anna Jaques Hospital in Newburyport experienced a significant shutdown of its electronic medical …
911 Calls From Maui Capture Pleas for Stranded, and Those Caught in Fire’s Chaos
The day after the deadliest U.S. wildfire in a century destroyed a seaside community on Maui, the barrage of 911 calls didn’t stop: Reports of missing people, stranded family members and confused tourists trapped without food or water lit up …
Markets/Coverages: CFC Launches Embedded Transaction Liability Insurance Product
Specialty insurance provider CFC has launched what it is calling the first ever transaction liability insurance product to be embedded into online M&A platforms in the USA. CFC is initially making its Seller Protect available on the Flippa.com online M&A …
Florida to Borrow Billions to Backstop Insurers After Hurricanes
The state corporation that oversees the Florida Cat Fund is planning to borrow as much as $3.8 billion to ensure the fund has plenty of money on hand to reimburse property insurers for losses when homes are damaged or destroyed …
US Appeals Court Revives Mexico’s $10B Lawsuit Against Gun Maker
A U.S. appeals court on Monday revived a $10 billion lawsuit by Mexico seeking to hold American gun manufacturers responsible for facilitating the trafficking of weapons to drug cartels across the U.S.-Mexico border. The Boston-based 1st U.S. Circuit Court of …
Brown & Brown’s Q4 Profit Jumps on Robust Growth in Fee, Investment Income
Insurance brokerage Brown & Brown reported an 85% surge in fourth-quarter profit to $268.6 million on Monday, helped by higher commissions and fees alongside better investment returns. The insurance industry typically enjoys stable demand for its products regardless of the …
UK Braces for More Hurricane-Strength Winds From Next Atlantic Storm
Just over a day after Storm Isha started to clear, the UK is bracing for more hurricane-strength winds off the Atlantic. Jocelyn — the 10th named storm of the season to hit the UK — will rip across the north …
French Regulator Fines Amazon for ‘Intrusive’ Staff Surveillance
French regulator CNIL said on Tuesday it had fined Amazon France Logistique 32 million euros ($35 million) for what the CNIL said was an “excessively intrusive” surveillance system set up to monitor the performance of staff. The CNIL said indicators …
Australia Imposes Sanctions on Russian Citizen Over Hack of Insurer Medibank
Australia imposed cybersecurity sanctions for the first time on a Russian hacker over his role in the breach of healthcare insurer Medibank Private Ltd. that exposed the sensitive private data of millions of Australians. Foreign Minister Penny Wong announced Tuesday …
Southwest Wins Appeal in Cyber Excess Coverage Dispute With Liberty
The 5th U.S. Circuit Court of Appeals ruled last week that Southwest Airlines can continue to seek reimbursement under its Liberty Mutual cyber risk policy for costs incurred during a 2016 massive computer failure. An appeals court panel disagreed with …
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