INSURANCE NEWS
Register Now for the InsurTech Summit
Carrier Management’s upcoming InsurTech Summit isn’t showcasing trends. It’s highlighting how insurers and InsurTechs use evolving tech to win. This free, virtual event is a streamable exchange of perspectives and ideas on topics such as claims automation, underwriting analytics, artificial …
Ex-Uber Security Chief Gets No Prison Time for Hack Coverup
Uber Technologies Inc.’s former security chief was spared from prison for concealing a massive data breach in 2016. Joe Sullivan’s sentencing to three years of probation Thursday followed his conviction by a jury last year of obstructing a government investigation …
Markets/Coverages: Coalition Announces Executive Risks Offering for Nonprofits
Coalition today said it launched a version of its Executive Risks Insurance products designed for not-for-profit organizations. Coalition’s Executive Risks insurance for not-for-profits combines automated underwriting data collection and real-time analysis with a streamlined application process compared to the industry …
Florida-based Bankers Insurance Founder Menke Remembered for Entrepreneurial Spirit
Bob Menke, the man who founded St. Petersburg-based Bankers Insurance Co., one of the oldest property insurers in Florida, died last week at age 89. “The company that Bob founded in 1976 has grown into one of the largest privately …
Air Conditioning Collapse Injures 6 at Colorado Resort Pool
Six people were hurt — two critically – when part of a heating and ventilation system collapsed at a resort pool in Colorado on Saturday, fire officials said. There were 50 to 100 guests in the pool when the collapse …
$1.1M Paid to Resolve Ransomware Attack On California County
A $1.1 million payment was made to resolve a ransomware attack on a California county’s law enforcement computer network, Southern California News Group reported. The San Bernardino County Sheriff’s Department announced in April that a “network disruption” was being investigated …
After Years of Delay, Federal Agencies Unveil Flood Plan for Mississippi Delta
Federal officials presented a proposal Thursday to further control flooding in the Mississippi Delta, a move that comes after months of work from government agencies and decades of delays amid disputes over potential environmental impacts. The south Delta’s Yazoo Backwater …
New York Jury Has Wide Latitude to Decide Civil Claims Against Trump
The New York jury hearing an advice columnist’s claims that she was raped by Donald Trump could begin deliberations as soon as Tuesday, and it will have wide latitude in deciding the truthfulness of the allegations against the former president. …
Louisiana Goodwill Store Fined $60K Over Disability Discrimination Suit
Goodwill Industries of Southeast Louisiana, Inc. has agreed to pay a former employee $60,000 to settle a lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced today. The lawsuit was resolved through a consent decree, …
Insured Losses for New Zealand North Island Floods Estimated at NZ$1.8B: PERILS
Insured losses for New Zealand’s North Island floods of Jan. 27 to Feb. 2 are estimated at NZ$1.75 billion ($1.1 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. This second PERILS’ loss estimate has …
People Moves: Beazley’s Cyber Security Unit Lodestone Appoints Kizziah as CEO; Howden Tiger Fac Names Warne From Inigo to Lead Terrorism & Political Violence
This edition of International People Moves details appointments at cybersecurity firm Lodestone Security and the broker Howden Tiger Fac. A summary of these new hires follows here. Beazley’s Cyber Security Unit Lodestone Appoints Kizziah as CEO Global cybersecurity firm Lodestone …
Lockton Acquires THB Brazil From Amwins
Lockton, the privately held insurance broker and consultancy, announced it has acquired THB Brazil from Amwins, the independent wholesale distributor of specialty insurance products in the U.S. Terms of the transaction were not disclosed. The combination of two leaders in …