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INSURANCE NEWS
The Cost of Losing Your Cool: Tally the Losses of a Supermarket Cyberattack
Insurance and Financial Implications of France‘s Supermarket Refrigeration Cyberattack Keeping things cool is generally a good idea in the supermarket business. When a cyberattack reportedly interferes with refrigeration systems, the consequences can extend well beyond a few melted ice creams. …
Former Trident Reciprocal CEO Ordered to Pay $468K in Attorney and Arbitrator Fees
Trident Reciprocal Exchange is one of the new kids on the Florida block. It was launched in 2024 as the long-distressed Florida property insurance market began to thaw following statutory changes that clamped down on spiraling claims lawsuits in the …
US Urges Fix for Widely Used Software After Critical Alerts
The US government is working to address and stop any potential cybersecurity issues stemming from flaws in PHP, a widely used open-source software, that may impact federal agencies and American critical infrastructure, according to a White House official. The programming …
TN High Court Says ‘No’ to PE Ownership of Law Firms But Other Options Open
The Tennessee Supreme Court has rejected a rule change that would have allowed private equity companies to own law firms, blocking one avenue that insurance groups have warned could lead to more litigation, more high-dollar jury awards and higher defense …
Plymouth Rock Sells Encharter Agency to MountainOne
Plymouth Rock Assurance Co. has sold a western Massachusetts independent agency it bought more than 25 years ago. The buyer, MountainOne Insurance Agency, is owned by regional bank MountainOne Bank. The sale of Amherst-based Encharter Insurance Agency by Plymouth Rock …
Florida AG Says His Office Investigating ‘Anti-Public Adjuster’ Endorsements in Policies
In the long-simmering clash between property insurers and public adjusters, the adjusters now have Florida’s chief law enforcement officer on their side, after state Attorney General James Uthmeier announced his office will investigate anti-public adjuster endorsements in some Florida insurance …
Truck Overturns in Kansas City, Spilling Cattle Onto Streets
Dozens of cattle spilled onto a street in Kansas City, Missouri, when a semitractor-trailer plunged off a highway overpass in the city’s downtown area and onto a car early Sunday, shutting down some roads and setting off a search for …
Iowa Man Indicted in Ponzi Scheme
A federal grand jury in Des Moines, Iowa recently returned an indictment charging Willam Bernard Tunink with 10 counts of wire fraud related to a Ponzi scheme involving multiple victims and millions of dollars of loss to the victims. As …
TDI Launches Fraud Task Force
The Texas Department of Insurance this week launched an insurance fraud task force that includes representatives from law enforcement, the insurance industry, consumer groups and other partners. The task force was initiated at the direction of Governor Greg Abbott, who …
Investigation Underway Into Airman’s Fatal Fall at College Football Game
The U.S. airman who died after a rapid fall while rappelling from the rafters of a stadium before a college football game in Texas was a 15-year service member from Georgia, according to the Air Force. U.S. Air Force Tech. …
Insurtech SecondSight Puts Together Exec Leadership With 6 Hires
Insurtech SecondSight announced six executive appointments to lead the company’s expansion into additional lines of business. Derek Foreman joins as chief operating officer, Dan Shoten as chief customer officer, James Tullett and David Anderson as co-heads of client engagement, Kenneth …
Global Insured Catastrophe Losses Fall to Lowest 9-Month Level Since 2019: Report
Global insured losses from natural catastrophes reached US$92 billion during the first nine months of 2026, 29% below the 10-year average (US$128 billion) and the lowest year-to-date insured loss total since 2019, according to Gallagher Re. The insurance industry has …