INSURANCE NEWS
CISA Says Russian Hackers Used Microsoft Access to Steal Government Emails
The U.S. Cybersecurity and Infrastructure Security Agency said Russian government-backed hackers have used their access to Microsoft’s email system to steal correspondence between officials and the tech giant, an emergency directive by the U.S. watchdog released on Thursday showed. In …
SC High Court Strikes ‘Troubling’ Denial of Comp Claim, Says Can’t be Based on Stats
An employer cannot use an ergonomics report, showing that a work injury is statistically unlikely, to deny a workers’ compensation claim, the South Carolina Supreme Court said this week in an opinion that sharply questioned an appellate panel’s decision making. …
Mayor Says New York City Will ‘Iron Out Kinks’ in Errant Chatbot
An artificial intelligence-powered chatbot created by New York City to help small business owners is under criticism for dispensing bizarre advice that misstates local policies and advises companies to violate the law. But days after the issues were first reported …
Green Risk Shield, Striior Announce Wildfire Analytics and Underwriting Collaboration
Striior Insurance Solutions a managing general agent specializing in builder’s risk and a division of Intact Insurance Specialty Solutions, has partnered with Green Shield Risk Solutions, a Chicago-based catastrophe risk mitigation specialist, to access wildfire analytics. This collaboration focuses on …
Florida Peninsula Says Reforms Have Had an Impact, Announces 2% Rate Cut
After the Florida Legislature in 2022 and 2023 passed sweeping reforms designed to limit excessive claims litigation, some in the insurance industry predicted that the new rules would prevent further rate increases – but would not lead to actual decreases …
St. Louis Contractor Faces $276K in Fines Over Deadly Fall Hazards
Federal workplace safety inspectors found a Missouri roofing contractor again risking the safety of its employees by failing to protect them against the construction industry’s deadliest hazard — falls from heights— at five residential worksites in Wentzville in October and …
Oklahoma Judge Orders Chiefs Superfan to Pay $10.8M to Bank Teller
OKLAHOMA CITY (AP) — An Oklahoma judge ordered a Kansas City Chiefs superfan known as “ChiefsAholic” who admitted to a series of bank robberies to pay $10.8 million to a teller who was assaulted with a gun, though attorneys say …
Alera Group Acquires Texas-Based HealthSure
Alera Group, a national insurance and financial services firm, announced today the acquisition of Texas-based HealthSure. Founded in 1998 by Barry Couch, HealthSure serves rural healthcare organizations as an independent agency specializing in risk consulting and insurance solutions. In alignment …
Florida’s Slide Insurance Secures $210 Million Catastrophe Bond
Tampa-based Slide Insurance announced it has finalized pricing for its $210 million Purple Re Ltd. (Series 2024-1) catastrophe bond. The largest cat bond sponsored by Slide to date, Purple Re Ltd. provides 40% more in fully collateralized reinsurance than the …
EPA Sets US’s First Drinking Water Standards to Limit Toxic PFAS
About 100 million people will be exposed to fewer cancer-causing “forever chemicals” under the country’s first-ever drinking water standards for PFAS finalized Wednesday by the EPA, White House officials said. The Environmental Protection Agency finalized an enforceable 4 parts per …
Carnival Puts Miami Headquarters Up for Sale as Florida Real Estate Soars
Carnival Corp. has listed for sale its sprawling headquarters on the outskirts of Miami, seeking to cash in on real estate the cruise giant has owned for roughly three decades. The company is now looking to downsize to about 300,000 …
People Moves: Carpenter’s Global Specialties Unit Taps Partner Re’s Chu for Credit, Bond & Political Risk Team
Carpenter’s Global Specialties Unit Taps Partner Re’s Chu for Credit, Bond & Political Risk Guy Carpenter, the reinsurance business of Marsh McLennan, announced the appointment of Richard Chu as managing director, Credit, Bond & Political Risk, Global Specialties. Effective immediately, …