INSURANCE NEWS
South Korea’s Crashed Jet Reveals Bird Feathers in Both Engines
South Korean investigators found feathers in both engines of the Boeing Co. 737-800 jet involved in a crash late last month, pointing to possible evidence that the aircraft may have lost electrical power before an ill-fated emergency landing that killed …
Tanker Under US Sanctions Discharges Oil at Chinese Port: LSEG Data
A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China, shipping data on LSEG Eikon showed on Thursday. The tanker is the first since last week’s sanctions …
Maritime Sources Expect Houthis to Halt Red Sea Attacks After Gaza Deal
Maritime security officials said on Thursday they were expecting Yemen’s Houthi militia to announce a halt in attacks on ships in the Red Sea, after a ceasefire deal in the war in Gaza between Israel and the militant group Hamas. …
Cyber Insurance Market to Expand as Risks Evolve: Gallagher
While 2024 brought record-breaking data-breach costs and evolving cyber risk, all signs point to stable rates and ample capacity in 2025. Intense competition among cyber insurance carriers has resulted in higher limits, enhanced cyber risk management services, flexibility in insurance …
Actuary Group Forecasts Climate Change to Have Massive GDP Hit Without Policy Action
Here’s stark warning in a new report from a group of actuaries: the global economy could face a 50% loss in GDP between 2070 and 2090. That is if immediate policy actions on risks posed by climate change are not …
FBI Warned Agents It Believes Phone Logs Hacked Last Year
FBI leaders have warned that they believe hackers who broke into AT&T Inc.’s system last year stole months of their agents’ call and text logs, setting off a race within the bureau to protect the identities of confidential informants, a …
One Call Names Mendez CEO, Alliant Adds VP Cassidy in Florida
One Call, a provider of ancillary care services for the workers’ compensation market, based in Jacksonville, named Nicholas Mendez as chief executive officer, starting Feb. 10. Mendez succeeds Jay Krueger, who will continue working with One Call through the end …
King Risk Adds to SW Florida Presence with Bruce Hendry Agency
King Risk Partners, a major U.S. brokerage and insurance agency based in Gainesville, Florida, has acquired Bruce Hendry Insurance in Immokalee, Florida, southeast of Fort Myers. It is the latest expansion move for King Risk into southwest Florida, the firm …
Moody’s Says LA Fire May Pose Risk to Southern California Edison
The Eaton Fire in central Los Angeles County poses a potential credit risk to power provider Southern California Edison, which operates electrical lines in the area where the destructive blaze first started, Moody’s Ratings said in a report on Thursday. …
Insurance Council of Provides Expert Tips for Winter Weather
With freezing temperatures projected to hit Texas in the coming days, the Insurance Council of Texas is offering instruction on how residents can prepare for and handle winter weather, ensuring their homes and vehicles are ready. Key issues affecting Texans …
People Moves: Bigglestone Named Acting Commissioner in Vermont; Protecdiv Welcomes Skowronski; DellaTorre Joins Alliant
Bigglestone Appointed Acting Commissioner of Vermont Department of Financial Regulation Vermont Governor Phil Scott named Sandy Bigglestone as acting commissioner of the state’s Department of Financial Regulation (DFR). Bigglestone most recently served as deputy commissioner of the captive insurance division. …
Holmes Murphy Expands In Des Moines With Second Location
Holmes Murphy announced its expansion into a second location in the Des Moines metro area. The company officially signed a lease for space in the Arcadia building located at 7000 Vista Drive in West Des Moines. The Arcadia building is …