News Archives - Insurance Journal

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30 09, 2024

Cloudflare Denies Hosting Sites Linked to Data Leak at India’s Star Health

By | September 30th, 2024|Uncategorized|Comments Off on Cloudflare Denies Hosting Sites Linked to Data Leak at India’s Star Health

U.S. software firm Cloudflare has denied any role in hosting two websites run by a hacker offering for sale stolen personal data and medical records of customers of top Indian insurer Star Health. The statement comes after the company was …

30 09, 2024

EU Privacy Regulator Fines Meta €91M Over Password Storage, Adding to GDPR Violations

By | September 30th, 2024|Uncategorized|Comments Off on EU Privacy Regulator Fines Meta €91M Over Password Storage, Adding to GDPR Violations

The lead European Union privacy regulator fined social media giant Meta 91 million euros ($101.5 million) on Friday for inadvertently storing some users’ passwords without protection or encryption. The inquiry was opened five years ago after Meta notified Ireland’s Data …

30 09, 2024

Powerful Typhoon Krathon Forecast to Hit Taiwan’s Populated West Coast

By | September 30th, 2024|Uncategorized|Comments Off on Powerful Typhoon Krathon Forecast to Hit Taiwan’s Populated West Coast

Taiwan issued a land warning on Monday ahead of the arrival of Typhoon Krathon, which has strengthened into the equivalent of a Category 4 hurricane and is expected to cross the densely populated west coast bringing torrential rain and strong …

30 09, 2024

Marsh McLennan to Buy TIH’s McGriff Insurance for $7.75B

By | September 30th, 2024|Uncategorized|Comments Off on Marsh McLennan to Buy TIH’s McGriff Insurance for $7.75B

Marsh McLennan says it has a deal in place to acquire McGriff Insurance Services for $7.75 billion, funded by cash and debt financing. U.S. retail broker McGriff, an affiliate of private-equity backed Truist Insurance Holdings (TIH), had $1.3 billion of …

30 09, 2024

Hurricane Helene Halts Poultry Plants, Damages Pecan Trees

By | September 30th, 2024|Uncategorized|Comments Off on Hurricane Helene Halts Poultry Plants, Damages Pecan Trees

Hurricane Helene has halted chicken processing plant operations and caused severe damage to some flocks, while also downing pecan trees and flattening cotton crops, as floodwaters swamped the southern US. Wayne-Sanderson Farms said its Moultrie, Georgia, processing facility will not …

30 09, 2024

What Testimony on Titan Submersible Disaster Revealed

By | September 30th, 2024|Uncategorized|Comments Off on What Testimony on Titan Submersible Disaster Revealed

Last year, five people hoping to view the Titanic wreckage died when their submersible imploded in the Atlantic Ocean. A Coast Guard panel that’s investigating the Titan submersible disaster heard two weeks of testimony that ended Friday. Previous witnesses provided …

30 09, 2024

4.2 Magnitude Earthquake Hit California South of San Francisco

By | September 30th, 2024|Uncategorized|Comments Off on 4.2 Magnitude Earthquake Hit California South of San Francisco

An earthquake registering magnitude 4.2 shook part of central California early Sunday, the United States Geological Survey confirmed. The earthquake was detected at 2:47 a.m. local time about 2 miles (3.2 kilometers) northwest of Aromas with a depth of 7.4 …

27 09, 2024

Tropical Storm Helene Lashes Florida With Powerful Winds, Rain

By | September 27th, 2024|Uncategorized|Comments Off on Tropical Storm Helene Lashes Florida With Powerful Winds, Rain

Hurricane Helene barreled into the western coast of Florida with dangerous winds, knocking out power for more than a million customers and threatening to unleash deadly flooding across several states. Helene made landfall near Perry with top sustained winds of …

27 09, 2024

New York State Insurance Fund Swapped Coal Assets for Responsible Index ETF

By | September 27th, 2024|Uncategorized|Comments Off on New York State Insurance Fund Swapped Coal Assets for Responsible Index ETF

Moving money from coal assets to a new responsible-investment exchange-traded vehicle provided the sort of quick win the New York State Insurance Fund was looking for when evaluating the climate and social impacts of its holdings, a top executive said …

27 09, 2024

Study: 75% of Independent Agencies Report Revenue Gains From 2022-23

By | September 27th, 2024|Uncategorized|Comments Off on Study: 75% of Independent Agencies Report Revenue Gains From 2022-23

Despite challenging conditions, 75% of independent insurance agencies saw revenue gains from 2022 to 2023, according to the 2024 Agency Universe Study. That number is significantly higher than between 2020 and 2021, during which 62% of agencies experienced gains. According …