INSURANCE NEWS
Law Firm Must Name Clients Affected by 2020 Cyberattack, Judge Says
Covington & Burling must identify some clients caught up in a 2020 hack on the law firm to the U.S. Securities and Exchange Commission, a federal judge in Washington ruled on Monday in a case that could impact future cyberattack …
Wesco Settles Coverage Dispute Over $36 Million IRA Financial Cyber Attack
Wesco Insurance, a part of AmTrust, has agreed to settle its dispute with a financial firm that lost millions in retirees’ money in a well publicized 2022 cyber attack. The settlement notice, filed in federal court in Miami, did not …
PointeNorth Group Acquires Cooper Agency in Georgia
PointeNorth Insurance Group, one of the largest locally owned agencies in the Southeast, has acquired Cooper Insurance & Associates in McDonough, Georgia, the company announced. Cooper, founded in 1988, offers liability, physical damage, cargo, workers’ compensation and general liability insurance …
One Year Old, US Climate Law is Turbocharging Clean Energy, Raising Issues for Insurers
On a recent day under the July sun, three men heaved solar panels onto the roof of a roomy, two-story house near the banks of the Kentucky River, a few miles upstream from the state capitol where lawmakers have promoted …
OSHA Fines Boston’s Dumpling Maker Chinese Spaghetti Factory $190K for Safety Lapses
When federal workplace safety inspectors returned to a Boston food plant in March 2023, they said they discovered the plant’s operator — Chinese Spaghetti Factory Inc. — still had not installed required safety guards on a dumpling machine’s rotating shafts, …
Barring Change, Allstate May Exit California Property Market Completely
The topic of a recent California insurance department workshop was the potential use of catastrophe modeling in ratemaking, but carrier representatives and consumers took the opportunity to air concerns about other problems in the state’s insurance market. The state’s growing …
Deck Collapse at Montana Country Club Leaves 30-Pluys Injured During Popular Golf Tournament
More than 30 people were injured when a deck collapsed at a Montana country club during a weekend golf tournament, police and city officials said. The second-story patio floor of Billings` Briarwood Country Club broke and gave way Saturday evening. …
Farmers Forced to Rescind Thousands of Nonrenewal Notices in Georgia
About the same time that it announced a major pull-back from the Florida and California markets, Famers Insurance also sent thousands of nonrenewal notices to Georgia homeowners. In Georgia, though, the carrier appears to have misunderstood the state’s rather unique …
Massachusetts High Court Revives Contractor Liability Claim Over ‘Half Inch’ Defect
Whether a half-inch granite protrusion on a crosswalk under repair is sufficient to support a negligent claim is a matter for a jury to decide, not a court granting summary judgment for a contractor doing work for a municipality. Furthermore, …
Donnelly to Lead Marsh Specialty’s Global Business; Sartain Named President Marsh US
Marsh said today that Pat Donnelly has been appointed as president, Marsh Specialty and Global Placement, effective immediately. Donnelly was formerly president of Marsh’s US business since the start of 2022. Prior to that, he was head of Marsh Specialty …
Google Owes $338.7 Million in Chromecast Patent Case, Jury Says
Alphabet’s Google violated a software developer’s patent rights with its remote-streaming technology and must pay $338.7 million in damages, a federal jury in Waco, Texas decided on Friday. The jury found that Google’s Chromecast and other devices infringe patents owned …
AGCS and Local Allianz P/C Entities Now Trading as ‘Allianz Commercial’
Allianz Global Corporate & Specialty (AGCS) together with the commercial insurance businesses of local Allianz Property & Casualty (P&C) entities have begun to trade as “Allianz Commercial” in one go-to-market business that offers insurance solutions for mid-sized businesses, large enterprises …