INSURANCE NEWS
Cyberattack on 2 New York Hospitals Forces Ambulance Diversions
Two hospitals in New York were hit with a cyberattack and had to divert patients to other facilities, hospital officials said Friday. The cyberattack affected computer systems at HealthAlliance Hospital in Kingston along with Margaretville Hospital and Mountainside Residential Care …
UK Broker Jensten Acquires UK-Based Berns Brett
Jensten, the London-based independent insurance broking group, has completed the acquisition of Berns Brett following regulatory approval. Financial details of the deal were not disclosed. With offices in London, West Sussex and Cavan, Ireland, Berns Brett brings a team of …
Tech Update: AXA XL Launches Virtual Reality Training Solution for Risk Managers
AXA XL Risk Consulting announced the launch of AXA Immersive Solutions, an innovative training solution leveraging virtual reality (VR) and digital twin technologies. AXA Immersive Solutions gives AXA XL’s risk consultants access to a 3D model of a standard factory …
Pacific and Atlantic Hurricanes Norma and Tammy Hit Mexico and Barbuda
Hurricane Norma came ashore near the Pacific resort of Los Cabos at the southern tip of Mexico’s Baja California Peninsula on Saturday afternoon. Hours later, Hurricane Tammy made landfall on the Caribbean island of Barbuda. The storms were each Category …
More UK Staff Coming Into the Office Outnumber Hybrid Workers: Survey
British workers coming into the office every day outnumber those who spend part of the week working from home, for the first time since the end of pandemic restrictions. A survey by recruitment company Hays Plc of nearly 15,000 white-collar …
R&Q Insurance to Sell Insurance and Program Management Unit to Canada’s Onex
Bermuda-based global specialty insurance firm R&Q Insurance Holdings said on Friday it would divest its insurance and program management business, Accredited, to Onex Corp. for an enterprise value of $465 million. Proceeds from the sale, expected to be around $300 …
Companies Grapple With the Fallout of Speaking Up About the Israel-Hamas War
Starbucks accused a union representing thousands of its baristas of damaging the brand and endangering co-workers with a pro-Palestinian tweet. The CEO of a prominent tech conference resigned amid backlash for his public statements suggesting that Israel was committing war …
Inflation, Commercial Real Estate Among Top Financial Stability Concerns
The chance for persistent inflation to keep interest rates higher and potential losses in the commercial real estate market are among the top concerns of respondents to a Federal Reserve survey on financial stability, the U.S. central bank said on …
Software Firm Okta’s Discloses Cyber Breach
Okta on Oct. 20 disclosed a breach of its customer support system that allowed some hackers to view files uploaded by certain clients, pushing the software company’s shares down about 12%. “Okta security has identified adversarial activity that leveraged access …
Florida Special Session Called to Punish Iran…and Help Floridians with Wind Mitigation
Florida lawmakers have agreed to convene in another special session – the sixth in three years – this time to sanction the country of Iran but with a little indirect Florida property insurance relief also on the agenda. The call …
People Moves: Canales Joins Alliant in California as Executive Vice President
Scott Canales has joined Alliant Insurance Services as executive vice president, Alliant Specialty. Based in Los Angeles, Calif., Canales has spent 38 years in the construction industry, with 31 years as a construction insurance broker. He was most recently in …
Baltimore Firefighter Killed, Four Others Injured Battling Rowhouse Fire
A rapidly intensifying blaze that engulfed multiple rowhouses in northwest Baltimore late Thursday afternoon left one firefighter dead and four others injured, city officials said. The injured firefighters sustained varying degrees of burns and are receiving medical treatment, officials said …