INSURANCE NEWS
Western Digital Convinces Judge to Throw Out $552.7M Patent Award
Data storage provider Western Digital has convinced a California federal judge to reduce a $552.7 million award against it in a patent dispute over data encryption to just $1, according to a court order made public on Monday. U.S. District …
5 Taken to Hospital in NC After Flight From Miami Hits Turbulence
Five people were taken to a North Carolina hospital after a flight from Miami hit turbulence Sunday night, officials said. Fire and rescue crews responded to the flight after it arrived at Raleigh-Durham International Airport around 11:30 p.m. and brought …
DeSantis Signs Law Giving Condo Owners Some Relief, But Questions Remain
Florida condominium residents grappling with the steep cost of building improvements will get some financial relief under a new bill signed into law by Republican Gov. Ron DeSantis on Monday. House Bill 913 gives condo homeowner associations more flexibility in …
UNLV Launches Bachelor’s Degree in Insurance And Risk Management
When school begins at the University of Nevada, Las Vegas, students will have a chance to undertake a bachelor’s degree program in insurance and risk management. The school got the new program approved this month. The first cohort of 35 …
Soaring Temperatures Stress US Grids
Blistering heat is straining power grids across the eastern half of the US, leading to a blackout in part of New York City’s borough of Queens as the local utility issued a warning to conserve electricity. Consolidated Edison Inc. is …
People Moves: Starkweather & Shepley Unveils Promotions, Officer Advancements
Starkweather & Shepley Insurance Brokerage Inc., headquartered in East Providence, Rhode Island, made several recent promotions and advancements in officer positions, including: Starkweather & Shepley Insurance Brokerage Inc. Andrew J. Fotopulos, chairman & chief executive officer Elizabeth A. Lowe, president …
US Braces for ‘Low-Level’ Cyberattacks by Iran After Airstrikes
US officials are warning businesses to brace for potential Iranian cyberattacks following American airstrikes on the country’s nuclear sites, an event that experts say could draw a relatively small response from hackers. A bulletin from the Department of Homeland Security …
People Moves: Howden Belgium Appoints De Baets as CEO; Liberty Promotes Directors of 3 New Divisions for Marine & Aviation, Specialty, Property
This edition of International People Moves details appointments at Howden and Liberty Specialty Markets (LSM). A summary of these new hires follows here. Howden Belgium Appoints De Baets as CEO Howden, the London-based insurance intermediary group, today announces the appointment …
Aon Launches AI-Powered Aon Broker Copilot for Commercial Insurance
Aon plc today announced the launch of Aon Broker Copilot, a platform that uses artificial intelligence, large-language models and predictive analytics in the commercial insurance placement process. “Aon Broker Copilot equips our brokers with the tools to lead with insight …
Insurance Sector Should Be on the Lookout for ‘Scattered Spider’ Hackers
Watch out, insurance industry. A well-known cybercrime group appears to have shifted focus to insurers. Apparently, recent cybersecurity incidents at Erie Insurance, Philadelphia Insurance Cos., and most recently Aflac are indicative of a trend. The largely decentralized hacking group known …
Father, Two Sons Charged With Defrauding North Carolina Insurer of Last Resort
North Carolina authorities have charged a 65-year-old man and his two sons with insurance fraud for allegedly submitting false and exaggerated claims to one of the state’s property insurers of last resort. William Andrews Sr., of Elon, and his sons …
32 New York Counties in State of Emergency; Severe Weather Takes 3 Lives
New York Governor Kathy Hochul on Sunday, June 22, declared a state of emergency in 32 counties in response to severe weather. Three deaths in the town of Kirkland have been attributed to the severe thunderstorms that hit parts of …