Insurance
Hiscox: Many Cyber Criminals Return After Ransomware Payments Are Made
Over a third (36%) of companies who paid a ransom to cyber criminals went on to be targeted for a second time, according to the latest Cyber Readiness Report from Hiscox. In addition, more than four in 10 (41%) of …
Read More People Moves: Former W.R. Berkley CUO Hired by ZestyAI; WTW Hires in Corporate Risk, Aerospace; New EVP at Ryan Specialty NSP
Link Nabbed by ZestyAI as Head of Customer Success Cathy Link has joined ZestyAI as vice president of customer success. Link, a seasoned insurance industry leader, and former chief underwriting officer of the W. R. Berkley Company, brings a deep …
Read More Lara Reelected as California Insurance Commissioner
In California, incumbent Democrat Ricardo Lara defeated Republican challenger Robert Howell, a small business owner, in the race for insurance commissioner. Lara won with 58% of the vote and 94.9% of the precincts reporting. Howell ran with a promise to …
Read More California Settles with Firm in Volkswagen Emissions Scandal
California settled a lawsuit against a German company stemming from the emissions scandal that tarred Volkswagen in 2015 and Fiat Chrysler two years later. German auto supplier Bosch will pay $25 million to settle allegations by the state and California …
Read More Rare but Not Unprecedented: Nicole Threatens Florida as a November Hurricane
With just over three weeks to go until the official end of the 2022 North Atlantic Hurricane season, Subtropical Storm Nicole – the fourteenth named storm of the year, could be a rarely seen event – a hurricane in November …
Read More New Jersey Workers’ Compensation Rates to Drop 6.1% for 2023
New Jersey workers’ compensation and employer liability insurance rates will be cut an average 6.1% beginning January 1, 2023. The reduction is more than the 4.7% decrease that industry’s rating bureau had recommended. Insurance Commissioner Marlene Caride revised the figure …
Read More Training the Next Generation of Cyber Ninjas with Continuing Education
As cyber attack methods are constantly evolving, guests on this episode of The Insuring Cyber Podcast offered their best advice for how to evolve with them. “This idea of being cyber resilient really involves planning for that worst day, ensuring …
Read More Incumbent King On Way to Winning Georgia Insurance Commissioner Election
With 97% of precincts and counties having reported, incumbent Republican John King was leading Democratic challenger Janice Laws Robinson in the Georgia insurance commissioner race as of Wednesday morning. King had 54% of the vote to 46% for Robinson, according …
Read More Data Stolen From Australian Health Insurer Medibank Posted on Dark Web
Data stolen from an Australian health insurer, including the names, addresses and birthdates of hundreds of customers, has been posted to a forum on the so-called dark web. The files appear to be a sample of the data that was …
Read More Insuring Cannabis Summit: Experts Answer Social Media’s Toughest Questions
“What are the hardest lines of insurance to write for cannabis businesses?” That question took Stephanie Bozzuto, co-founder of Cannabis Connect Insurance, down a long mental list. Bozzuto has been in the insuring cannabis business for years, so she knows …
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