INSURANCE NEWS
Alliant Acquires Oklahoma’s 3IG & The Arrow Group
Alliant Insurance Services has acquired 3000 Insurance Group (3IG), a retail property and casualty (P&C) insurance and employee benefits firm based in Oklahoma City, Oklahoma. Joining the Alliant Americas division, 3IG provides commercial risk management and personal lines insurance coverages. …
Ending Polarization and Building Future Leaders: Travelers CEO
Challenges facing today’s business leaders include keeping pace with rapid change, the leader of Travelers said last week while also going out of his way to cast light on a serious obstacle to forward progress: polarization. “I think it’s a …
SolarWinds Staff Warned About Security Holes Before Russia Hack
Well before Russia’s audacious cyberattack that exploited SolarWinds Corp.’s software was made public, several employees allegedly raised red flags about holes in the company’s security. Their warnings, documented in a lawsuit filed by US regulators, raise questions about whether the …
Ravaged Fort Myers Becomes Magnet for Risk-Taking Property Buyers
A year after Hurricane Ian ripped through southwest Florida, wealthy risk-takers are transforming one beach town. In Fort Myers Beach, many of the middle-class cottages that once dotted the Estero Island town were wiped off the map. Ian killed 21 …
Averted Disaster on Flight that Landed in Oregon Renews Scrutiny of Mental Health in Cockpit
What authorities describe as an off-duty pilot`s attempt to shut down the engines of a Horizon Air flight with more than 80 people on board has renewed attention on the mental fitness of those allowed in the cockpit. Joseph Emerson, …
New York State Distributes $190M in Opioid Settlement Funds
Governor Kathy Hochul announced that New York has made available approximately $192.8 million provided in the first year of the opioid settlement agreements to support a variety of prevention, treatment, harm reduction, and recovery initiatives to help New Yorkers affected …
Actor Robert De Niro Tells Jury That Ex-Assistant’s Lawsuit Is ‘Nonsense’
Robert De Niro testified Monday in New York City at a trial resulting from a former personal assistant’s lawsuit accusing the actor of being an abusive boss. De Niro, who at times appeared grouchy, restrained himself from erupting at the …
People Moves: Markel Hires Senior Leaders for Casualty, Professional, Financial Risk Teams in Australia; BHSI Promotes Regan to Head of Casualty, Ireland
This edition of International People Moves details appointments at Markel in Australia and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Markel Hires Senior Leaders in Australia for Casualty, Professional, Financial Risk Teams Markel, the …
Florida Senator Raising Eyebrows with Pitch for Investment in New Insurance Company
Florida state Sen. Joe Gruters, R-Sarasota, has sparked some controversy by pitching investment opportunities in a startup property insurance company in Florida. This may be a good time for a new business venture by an insurer – with higher rates …
Delivery Worker’s PTSD Claim Against Five Guys and Maintenance Firm to Go to Jury
A food delivery worker who encountered two weapon-wielding maintenance workers surprised by his presence in a Five Guys hamburger eatery can bring negligence claims against the restaurant and the maintenance company over his mental trauma. The federal district court for …
Alliance of 40 Countries to Vow Not to Pay Ransom to Cybercriminals
Forty countries in a U.S.-led alliance plan to sign a pledge never to pay ransom to cybercriminals and to work toward eliminating the hackers’ funding mechanism, a senior White House official said on Tuesday. The International Counter Ransomware Initiative comes …
Tech Update: AXA XL Launches Solution to Evaluate and Manage Water Risks
AXA XL Risk Consulting announced the launch of its Water Impact and Sustainability Evaluation (WISE) tool – a remote, customizable solution which helps risk managers to understand, evaluate and act on water risks. Amid a changing climate, water risks affect …