US and Allies Kick Russian Hackers Off Home Routers, FBI Says
The US and its allies have disrupted access by a Russian-state sponsored hacking organization to “well over a thousand home and small business routers” used for criminal and intelligence purposes, FBI Director Christopher Wray said on Thursday. Speaking at the …
Over 350 People Contact Law Firm Reviewing FDIC Workplace Culture
More than 350 people have contacted an outside law firm reviewing workplace culture at the U.S. Federal Deposit Insurance Corporation in the wake of media reporting last year on allegations of persistent sexual harassment, top agency officials said on Thursday. …
Hackers Exploit Ad Tools to Track Victims, Boosting Scam Efforts
Cybercriminals are using advertising tools to make their scams as “clickable” as possible. In a new kind of email phishing tactic, hackers are sending malicious PDF attachments containing a link that’s registered through an advertising network, security researchers from HP …
Palomar Insurance in Alabama Names Messer VP; Carofin Elevates Clifford
Palomar Insurance Corp., based in Montgomery, Alabama, announced that Shon Messer has joined the company’s Birmingham office as vice president. Messer, who spent 16 years at DSD Insurance, an Acrisure agency partner, and 11 years with Allstate before that, will …
Symphony Risk in California Launches Captive Program for Cannabis Industry
Symphony Grow is launching a bespoke captive insurance program for large and sophisticated cannabis businesses called “Symphony Grow Captive.” The “Symphony Grow Captive” risk financing tool provides a breadth of benefits not commonly afforded to cannabis businesses due to the …
New York’s High Court Backs Insurer’s Denial of COVID-19 Business Interruption Claim
New York state’s highest court has affirmed that there must be direct physical loss or damage, not just presence of a virus, to trigger coverage under a commercial property policy for COVID-19 business interruption losses. The Court of Appeals upheld …
New York City Sues Social Media Platforms Over Teen Mental-Health Concern
New York City joined a growing chorus of states, cities and school districts suing social media companies over claims that their platforms are fueling a mental-health crisis among teens, alleging that Meta Platforms and others exploit children and adolescents. The …
WTW Upgrades Hawaiian Coral Reef Parametric Insurance Policy
WTW and The Nature Conservancy (TNC) announced the purchase of a new coral reef insurance policy that expands coverage around the main Hawaiian Islands and increases payouts after qualifying storms. This replaces the first U.S. coral reef insurance policy purchased …
Southern California Tops List of Wheel and Tire Claims for Second Straight Quarter
Los Angeles and Orange County are number one of the top 20 list for a second consecutive quarter for 2023 and stay at the top in theft claims handled by population. Wheelnet, a provider for wheel and tire replacement for …
Lingering Inflation Risks Keep Fed Officials in Wait-and-See Mode on Rate Cuts
The Federal Reserve entered 2024 within spitting distance of its inflation goal. But that’s not quite close enough for policymakers. The risk that inflation could remain stuck above their 2% target is guiding Fed officials’ preference to keep interest rates …
People Moves: Ardonagh Specialty Taps Gallagher Re’s Rance as Head of Specialty at Inver Re London; SiriusPoint Bolsters Energy and Marine Offering With 2 Key Hires
This edition of International People Moves details appointments at Ardonagh Specialty’s Inver Re and Bermuda-based SiriusPoint. A summary of these new hires follows here. Ardonagh Specialty Taps Gallagher Re’s Rance as Head of Specialty at Inver Re London Inver Re, …
People Moves: Hysell Joins Alliant Insurance Services’ Texas Benefits Team
Alliant Insurance Services, headquartered in Irvine, California, named Gary Hysell as vice president within its employee benefits group. Based in Austin, Texas, Hysell joins Alliant with over 25 years of industry experience. Before joining Alliant, Hysell was area vice president …
Minneapolis Settles Suit Alleging Journalists Were Harassed, Hurt Covering Floyd Protests
The city of Minneapolis agreed last week to pay $950,000 to settle a lawsuit alleging that journalists were subjected to police harassment and even hurt while covering protests over the police killings of George Floyd. The suit, brought by the …
Sompo International Authorized to Write Primary Insurance in France
Sompo International announced it has been granted a license to write primary insurance in France by the French Prudential Supervision and Resolution Authority (ACPR), further extending the company’s commercial property/casualty insurance capabilities and product offerings in Continental Europe. “The granting …
Summer-Like Conditions Lead to First Wisconsin Tornadoes in February
EVANSVILLE, Wis. (AP) — The first tornadoes ever recorded in Wisconsin in the usually frigid month of February tore through mostly rural areas on a day that broke records for warmth, setting up the perfect scenario for the type of …
Police Investigate Motive Behind Shooting at Joel Osteen’s Megachurch
Several law enforcement agencies are actively investigating the motives behind a Sunday shooting at pastor Joel Osteen’s Lakewood Church in Houston, which has one of the nation’s largest congregations. The shooter, a woman who police identified as 36-year-old Genesse Ivonne …
Hawaiian Electric Restores Power After Rolling Outages Due to Loss of Generators
Utility firm Hawaiian Electric HE.Nrestored power on Hawaii Island after it had begun rolling outages on Tuesday due to the unavailability and reduced output from several large generators. “No more rolling outages tonight, power has been restored to all customers …
Avalanches Kill Skier, Snowmobiler as Dangerous Snow Conditions Persist Across West
A backcountry skier and a snowmobiler were killed in separate avalanches in the Rocky Mountains as dangerous snow conditions persist across much of the West. The skier was buried Sunday in an area locally known as “The Playground” near Crested …
Markets/Coverages: Marsh’s D&O Facility Provides Up to $75M of Capacity
Insurance broker Marsh announced that its D&O Echo facility is now offering clients with enhanced directors and officers insurance protection, in order to provide greater financial stability amid continued volatile market conditions and fluctuating insurance rates. Available to Marsh clients …
College Board to Pay Penalty and Stop Monetizing New York Students’ Data
College Board, which administers standard educational tests that are used as part of college admissions, has agreed to a $750,000 settlement with New York state for violating students’ privacy and unlawfully selling their personal data. As a result of the …
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