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Israel’s Illusive Networks Aims to Foil Hackers by Directing Them to Fake Data
Israeli start-up Illusive Networks says it can foil cyber hackers by lulling them into thinking they have found a way to steal data, which is actually fake. The company, set up last year, says algorithms in its software are able …
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Farmers Expects $80 Million in Claims from May Storms
Storms moving through multiple states at the end of May including Texas, Oklahoma, Kansas and Arkansas, have resulted in more than 9,000 claims already filed across multiple states for Farmers Insurance. Farmers expects to see nearly 15,000 claims across nine …
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N.Y. Launches Statewide Multimedia Campaign Against Impaired Driving
New York is launching a statewide multimedia campaign to remind motorists of the deadly impacts of impaired driving. The campaign funded by the Governor’s Traffic Safety Committee will use billboards, radio, television and social media. New York Gov. Andrew Cuomo …
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Aspen Re Appoints De Couto as Head of Portfolio Analytics
Aspen Re has appointed Douglas De Couto as head of portfolio analytics. De Couto will be joining Aspen Re from RenaissanceRe where until recently he was assistant vice president, corporate risk, a role in which he led a team responsible …
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USI Acquires Construction Agency Professionals in New Jersey
USI Insurance Services announced that it has acquired the construction insurance and surety business of Chester, New Jersey-based KORE Group Inc., doing business as Construction Agency Professionals (CAP). This business and its employees will join USI’s West Orange, New Jersey, …
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Fidelis Group Holdings Launches Master Port Risk Program for Maritime Industry
Fidelis Group Holdings, LLC (FGH) with its subsidiary company Continental Underwriters, Ltd. (CUL), have launched a new Master Port Risk Program. According to H. Elder Brown, Jr., president and chief executive officer the Master Port Risk Program provides commercial vessel owners, mortgagees …
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Supreme Court Rejects Maine’s Obamacare Challenge
The U.S. Supreme Court rejected a bid by Maine to escape one requirement of Obamacare, as the justices prepare to rule on a more far-reaching challenge that might unravel the health-care law. The justices Monday left intact a federal appeals …
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MarketScout Launches New High Net Worth Underwriting Facility
MarketScout, the national electronic insurance exchange and specialty MGA, has expanded its specialty high net worth underwriting practice with the addition of a new non-admitted $3.1 billion facility targeting agents with specialty expertise in the high net worth homeowners segment. …
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Zeitman Named President of Admiral Insurance, Succeeding Carey
Berkley Corp. reported that Steven S. Zeitman has been named president of its excess and surplus lines carrier Admiral Insurance, succeeding James S. Carey. The appointment is effective immediately. Carey passed away in April. Zeitman has nearly 45 years of …
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N.Y. Assembly OKs Bill Allowing Later Claims for Medical Malpractice
New York’s state Assembly has passed legislation that would let victims of medical malpractice file claims later than allowed now. Current law requires filing claims within two-and-a-half years after the act, omission or improper treatment. The legislation would start that …
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