INSURANCE NEWS
Jaguar Land Rover Hack Cost UK Economy $2.5 Billion, Report Says
The August hack of Jaguar Land Rover (JLR), owned by India’s Tata Motors, cost the British economy 1.9 billion pounds ($2.55 billion) and affected over 5,000 organizations in the country, an independent cybersecurity body said in a report published on …
People Moves: Novatae Risk Group Names Jenkins COO
Novatae Risk Group, the wholesale business of leading insurance brokerage World Insurance Associates (World) headquartered in Dallas, hired Kimberly Jenkins as the firm’s chief operating officer. Jenkins has more than 25 years of leadership experience in client service operations. Most …
Best Agency to Work For – Overall Winner: Robertson Ryan Insurance
Be a Leader by Listening to Employees and Clients During the past 60 years, Milwaukee-based Robertson Ryan Insurance has grown from a small, local independent agency into a Top 100 firm employing some 150 agents and 385 associates. But employees …
Amazon Cloud Reputation Takes Hit After Outage
Amazon.com Inc.’s reputation as a reliable provider of cloud services took a hit on Monday when an outage lasting some 15 hours disrupted the operations of hundreds of companies, ranging from Apple Inc. to McDonald’s Corp. to Epic Games Inc. …
People Moves: Pyfrom Named Starwind Cannabis EVP of Sales and Distribution; Golden Bear Adds Witherspoon As Lawyers Professional Liability Team Lead
Pyfrom Hired as EVP of Sales and Distribution, Starwind Cannabis Starwind Specialty Insurance Services, a CRC Group company, named Charles Pyfrom executive vice president, sales and distribution, for Starwind Cannabis, its specialty program dedicated exclusively to the cannabis industry. Pyfrom …
Most Arizona DOI Cases Are Personal Lines And Over Claims Handling
Most complaint cases handled by the Arizona Department of Insurance and Financial Institutions this year were related to personal lines coverage, while claims handling was the predominant reason consumers filed complaints, a report from DIFI shows. Around 60% of the …
Chubb Books Record P/C Underwriting Income, Combined Ratio in Q3
Insurer Chubb booked third quarter net income 20.5% higher than a year ago at $2.8 billion—with record P/C underwriting income of $2.26 billion. Underwriting income was 55% more than the same quarter last year, and the combined ratio was also …
Why Eating a Burger in Houston Is Less Climate-Friendly Than in Chicago
Beef is notoriously bad for the environment. Just how bad depends a lot on where in the US you eat it. The carbon footprint of a burger is bigger in Houston than San Francisco, and in Dallas compared with Chicago, …
Homeowners Facing Big Deductibles? Mission Says it Has a Buyback Plan for That
It’s not unusual in today’s housing market to own a home valued at $1 million or more. It’s also not that rare for the insurance coverage on a high-end home to carry a $100,000 wind deductible. Mission, a group of …
New York Construction Firm to Pay $1.4M to Workers for Violating Their Rights
A New York City construction firm will pay $1.5 million to settle charges that it violated state workers’ compensation laws, retaliating against injured workers, and failing to address sexual harassment in the workplace. New York Attorney General Letitia James announced …
Florida Jury Awards Jack Nicklaus $50M in Defamation Suit vs. His Former Company
A south Florida jury on Monday awarded golfing legend Jack Nicklaus $50 million in a lawsuit in which he charged that his former company and business partners tried to harm his reputation. The Palm Beach Circuit Court jury did not …
World Acquires Wisconsin’s Green Bay Insurance Center
World Insurance Associates announced that it acquired the business of Green Bay Insurance Center of Green Bay, Wisconsin. Terms of the transaction were not disclosed. Founded in 1968, Green Bay Insurance Center is a full service agency located in Green …