News Archives - Insurance Journal

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8 07, 2024

Crypto Hacking Thefts Double to $1.4B in First Half 2024

By | July 8th, 2024|Uncategorized|Comments Off on Crypto Hacking Thefts Double to $1.4B in First Half 2024

The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a year earlier, driven by a small number of large attacks and rising crypto prices, blockchain researchers TRM Labs said. Hackers …

1 07, 2024

Fidelis Partnership Syndicate 3123 Begins Underwriting Business at Lloyd’s

By | July 1st, 2024|Uncategorized|Comments Off on Fidelis Partnership Syndicate 3123 Begins Underwriting Business at Lloyd’s

The Fidelis Partnership and Fidelis Insurance Holdings Ltd. jointly announced that Syndicate 3123 has formally begun underwriting business at Lloyd’s. Syndicate 3123, also known as The Fidelis Partnership Syndicate, was launched by The Fidelis Partnership in collaboration with Fidelis Insurance …

26 07, 2024

California Commissioner Announces FAIR Plan Modernization Deal

By | July 26th, 2024|Uncategorized|Comments Off on California Commissioner Announces FAIR Plan Modernization Deal

California Insurance Commissioner Ricardo Lara said on Friday that he and the California Fair Plan have agreed to establishing a new high value commercial coverage option with limits up to $20 million per building and other steps that he said …

8 07, 2024

CFO Names Gallagher to Board of Florida Insurance Guaranty Association

By | July 8th, 2024|Uncategorized|Comments Off on CFO Names Gallagher to Board of Florida Insurance Guaranty Association

Tom Gallagher, an éminence grise or elder statesman of the Florida property insurance world and current chief operating officer for People’s Trust Insurance Co., now has another job to put on his resumé: board member for the Florida Insurance Guaranty …

1 07, 2024

People Moves: HDI Global Canada Promotes Navarrete to Managing Director; AXA XL Appoints Kuklinski as Regional Mgr. for Northern Europe, Germany’s Country Mgr.

By | July 1st, 2024|Uncategorized|Comments Off on People Moves: HDI Global Canada Promotes Navarrete to Managing Director; AXA XL Appoints Kuklinski as Regional Mgr. for Northern Europe, Germany’s Country Mgr.

This edition of International People Moves details appointments at HDI Global and AXA XL. A summary of these new hires follows here. HDI Global Canada Promotes Navarrete to Managing Director HDI Global Canada announced the appointment of Klaus Navarrete as …

1 07, 2024

Markets/Coverages: Resilience Doubles Cyber Limits to $20M

By | July 1st, 2024|Uncategorized|Comments Off on Markets/Coverages: Resilience Doubles Cyber Limits to $20M

Resilience said it doubled the cyber insurance limits it can offer to clients in the U.S. to $20 million per client. This announcement follows the launch of new features and capabilities that enable enterprises to continuously manage the mitigation and …

11 07, 2024

Deaths, Injuries, Billions of Dollars are Costs of Extreme Heat in California

By | July 11th, 2024|Uncategorized|Comments Off on Deaths, Injuries, Billions of Dollars are Costs of Extreme Heat in California

A blistering California heat wave over the past weeks and through the Fourth of July holiday could be topped off by the hottest temperature ever recorded on Earth. That kind of extreme heat has led to more deaths than wildfires …

2 07, 2024

Report Keys on Impacts of Economic Changes on California Workers’ Comp

By | July 2nd, 2024|Uncategorized|Comments Off on Report Keys on Impacts of Economic Changes on California Workers’ Comp

Projected changes to California workers’ comp claims frequency and severity due to industry mix of employment are negligible through 2026, while employment in most industries fully recovered from the initial pandemic related changes by the end of 2022, a new …

1 07, 2024

Detroit Agrees to $300K Settlement in Wrongful Shoplifting Accusation Case

By | July 1st, 2024|Uncategorized|Comments Off on Detroit Agrees to $300K Settlement in Wrongful Shoplifting Accusation Case

DETROIT (AP) — The city of Detroit has agreed to pay $300,000 to a man who was wrongly accused of shoplifting and also change how police use facial recognition technology to solve crimes. The conditions are part of a lawsuit …

1 07, 2024

Ohio Company to Pay $23K Over Disability Discrimination Suit

By | July 1st, 2024|Uncategorized|Comments Off on Ohio Company to Pay $23K Over Disability Discrimination Suit

Pearl Interactive Network, Inc., a Columbus, Ohio-based telecommunications company, resolved a charge of disability discrimination filed with the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency’s Cleveland Field Office announced. During the EEOC’s investigation, the agency found that Pearl …