News Archives - Insurance Journal

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8 08, 2023

MOVEit Cyber Hack Spawned Around 600 Breaches but Isn’t Done Yet

By | August 8th, 2023|Uncategorized|Comments Off on MOVEit Cyber Hack Spawned Around 600 Breaches but Isn’t Done Yet

A hydra-headed breach centered on a single American software maker has compromised data at about 600 organizations worldwide, according to cyber analyst tallies corroborated by Reuters. But more than two months after the breach was first disclosed by Massachusetts-based Progress …

8 08, 2023

Mass. Police Must Reinstate 7 Who Refused to be Vaccinated, Arbitrator Says

By | August 8th, 2023|Uncategorized|Comments Off on Mass. Police Must Reinstate 7 Who Refused to be Vaccinated, Arbitrator Says

Massachusetts State Police must reinstate seven troopers who refused to be vaccinated for COVID-19, an independent arbitrator has ruled. The troopers have been on unpaid leave, but the arbitrator`s decision means they can return to work with retroactive pay if …

8 08, 2023

3 Killed After Charter Bus Collides with Vehicle in Pennsylvania

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A charter bus carrying up to 50 people collided with a vehicle on an interstate in Pennsylvania, killing three people, state police said. The crash happened during heavy rain around 11:50 p.m. Sunday on southbound Interstate 81 in Dauphin County`s …

8 08, 2023

DeSantis’ Retaliation vs. Disney Hurting Florida, Former GOP Officials Say in Court

By | August 8th, 2023|Uncategorized|Comments Off on DeSantis’ Retaliation vs. Disney Hurting Florida, Former GOP Officials Say in Court

Saying Gov. Ron DeSantis has followed the autocratic examples of governments in Russia and China, a group of mostly Republican former high-level government officials and business leaders has called the Florida governor`s takeover of Disney World`s governing district “severely damaging …

8 08, 2023

Arthur J. Gallagher Acquires Wigmore Insurance Agency in California

By | August 8th, 2023|Uncategorized|Comments Off on Arthur J. Gallagher Acquires Wigmore Insurance Agency in California

Arthur J. Gallagher & Co. acquired Costa Mesa, California-based Wigmore Insurance Agency Inc. Tim Wigmore and his team will remain in their current location under the direction of Scott Firestone, head of Gallagher’s Southwest region retail property/casualty brokerage operations. Wigmore …

8 08, 2023

Kemper Exits Preferred Home and Auto Business Immediately

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As it reported a net loss in the second quarter of about $97 million, Kemper Corp. said Monday that it is exiting the preferred home and auto insurance market. Kemper said it will “actively reduce the business immediately,” and non-renew …

8 08, 2023

Former Ga. Insurance Commissioner’s Conviction Stands, but Tax Repay Has to Wait

By | August 8th, 2023|Uncategorized|Comments Off on Former Ga. Insurance Commissioner’s Conviction Stands, but Tax Repay Has to Wait

Former Georgia Insurance Commissioner Jim Beck’s fraud conviction stands, but he won’t have to pay part of the restitution until after he’s released from prison, a federal appeals court decided Monday. The U.S. 11th Circuit Court of Appeals found no …

8 08, 2023

Google Fails to End $5B Consumer Privacy Lawsuit

By | August 8th, 2023|Uncategorized|Comments Off on Google Fails to End $5B Consumer Privacy Lawsuit

A U.S. judge rejected Google’s bid to dismiss a lawsuit claiming it invaded the privacy of millions of people by secretly tracking their internet use. U.S. District Judge Yvonne Gonzalez Rogers on Monday said she could not find that users …

8 08, 2023

More ESG Lawsuits on the Horizon as Investors Jump on UK Law

By | August 8th, 2023|Uncategorized|Comments Off on More ESG Lawsuits on the Horizon as Investors Jump on UK Law

Investors are becoming more emboldened to file legal challenges against companies for their net zero claims, approaches to governance and other hot-button ESG issues, using a pair of underutilized provisions of a UK law. Standard Chartered Plc, BT Group Plc …

8 08, 2023

Insured Loss Estimate for Turkey Earthquake Rises to US$3.4 Billion: PERILS

By | August 8th, 2023|Uncategorized|Comments Off on Insured Loss Estimate for Turkey Earthquake Rises to US$3.4 Billion: PERILS

The third loss estimate for the Kahramanmaras Earthquake Sequence, which hit large parts of south-central Turkey and neighboring Syria on Feb. 6, 2023, has risen to $3.4 billion, according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance …