News Archives - Insurance Journal

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3 02, 2023

Ransomware Attack Closes Nantucket Schools

By | February 3rd, 2023|Uncategorized|Comments Off on Ransomware Attack Closes Nantucket Schools

Public schools on the Massachusetts island of Nantucket remained closed on Wednesday a day after a ransomware attack targeted the district’s computer system and prompted officials to send students home early. “Together with outside data security experts, our Information Technology …

3 02, 2023

Amwins Global Risks Acquires UK Broker Roberts Armytage & Partners

By | February 3rd, 2023|Uncategorized|Comments Off on Amwins Global Risks Acquires UK Broker Roberts Armytage & Partners

Amwins Global Risks, the London-based international arm of global specialty insurance broker Amwins, announced the acquisition of Roberts Armytage & Partners (RAP), the specialist, energy and marine-focused London broker. Financial details of the transaction were not disclosed. As the energy …

3 02, 2023

Airbus and Qatar Airways Settle Bitter Dispute Over Grounded A350 Jets

By | February 3rd, 2023|Uncategorized|Comments Off on Airbus and Qatar Airways Settle Bitter Dispute Over Grounded A350 Jets

Airbus and Qatar Airways have settled a dispute over grounded A350 jets, the companies said on Wednesday, averting a potentially damaging UK court trial after a blistering 18-month feud that tore the lid off the global jet market. The “amicable …

3 02, 2023

Crypto Thefts Hit Record $3.8B in 2022 on Surge in North Korea Hacking: Report

By | February 3rd, 2023|Uncategorized|Comments Off on Crypto Thefts Hit Record $3.8B in 2022 on Surge in North Korea Hacking: Report

Thieves stole a record $3.8 billion worth of cryptocurrency in 2022 as sanctions on North Korea drove a surge in suspected hacking by the Asian nation. Overall crypto losses increased from $3.3 billion stolen in 2021, blockchain analysis firm Chainalysis …

3 02, 2023

U.S. CFTC Traders Report Delayed by Ransomware Attack on Data Firm ION

By | February 3rd, 2023|Uncategorized|Comments Off on U.S. CFTC Traders Report Delayed by Ransomware Attack on Data Firm ION

The U.S. Commodity Futures Trading Commission said on Thursday that as a result of the ransomware attack on ION Trading UK the CFTC’s weekly Commitments of Traders report will be delayed until all trades can be reported. ION Group, the …

3 02, 2023

Workers Comp Insurtech Pie Transitions to Full-Stack Carrier

By | February 3rd, 2023|Uncategorized|Comments Off on Workers Comp Insurtech Pie Transitions to Full-Stack Carrier

Small-business workers compensation provider Pie Insurance has completed its transition to a full-stack carrier. Effective Jan. 1, the company said it acquired nationally licensed insurance company The American Insurance Company, while also touting the news that the Pie Insurance Group …

3 02, 2023

Insurer, Tech Services Firm Settle Claim for Business Lost While Helping Clients Recover From Breach

By | February 3rd, 2023|Uncategorized|Comments Off on Insurer, Tech Services Firm Settle Claim for Business Lost While Helping Clients Recover From Breach

A technology and cybersecurity services firm and its insurer have settled a business interruption claim linked to a data breach one month after a federal judge denied the insurer’s bid to have the claim dismissed. The claim involved business losses …

3 02, 2023

Washington Insurance Commissioner Fines Producers, Insurers

By | February 3rd, 2023|Uncategorized|Comments Off on Washington Insurance Commissioner Fines Producers, Insurers

Washington Insurance Commissioner Mike Kreidler issued fines in January totaling $11,000 against insurance companies, producers, brokers, and individuals who violated state insurance laws and regulations. Following are the entities fined, and how much they were fined: Unauthorized Insurers DNProtect, Epik …

3 02, 2023

Amazon Fined for Worker Safety Violations in Three States

By | February 3rd, 2023|Uncategorized|Comments Off on Amazon Fined for Worker Safety Violations in Three States

US federal workplace safety regulators fined Amazon.com Inc. more than $60,000 for putting warehouse employees at risk for lower back injuries and other musculoskeletal disorders. The Occupational Safety and Health Administration discovered the violations last year during inspections of Amazon …

3 02, 2023

Ethics Panel Recommends Georgia Appeals Court Judge Be Removed From Office

By | February 3rd, 2023|Uncategorized|Comments Off on Ethics Panel Recommends Georgia Appeals Court Judge Be Removed From Office

Georgia’s Supreme Court should permanently remove a state appeals court judge accused of ethical misconduct, a judicial discipline panel recommended in a report released Monday. The three-member state panel said Christian Coomer flouted ethics rules on how a lawyer should …