A late October cyber attack on the computer systems of the University of Vermont Medical Center is costing the hospital about $1.5 million a day in lost revenue and recovery costs, its CEO said. The Oct. 28 attack crippled the …
AM Best has upgraded the financial strength rating (FSR) to A+ (superior) from A (excellent) and the long-term issuer credit ratings (long-term ICR) to “aa-” from “a+” for the members of Concord Group Insurance Companies, which is led by Concord …
Moderna Inc.’s COVID-19 vaccine appeared to be set for regulatory authorization this week after U.S. Food and Drug Administration staff members did not raise any major new concerns about it in documents released on Tuesday. The FDA reviewers said a …
The board of directors for Union Mutual Insurance Company voted at their December meeting to promote Jeff Pryce to the role of vice president of claims. The promotion is effective January 1, 2021. Pryce is based in the company’s Montpelier, …
Prosecutors from the office of Manhattan District Attorney Cyrus Vance Jr. have interviewed employees of Deutsche Bank and insurance broker Aon as part of their investigation of the Trump Organization, according to people familiar with the matter. The interviews, which …
It will soon be illegal in Virginia to hold a phone while driving. WAVY-TV reported that the new state law takes effect in January. Authorities say that making the practice illegal and enforceable is an important step toward reducing deaths …
RMS estimates insured losses from the record-breaking western U.S. wildfires this season will be between $7 and $13 billion. These losses reflect estimates as of Dec. 1. The ignition of the highly damaging Glass Fire and additional spread of the …
Hagerty, the specialty and classic auto insurance managing general agency, sees itself as more than an insurance provider. The company says it is an “automotive lifestyle brand” that is getting ready for global growth. To this end, the firm is …
The Environmental Protection Agency said it has completed the cleanup of household hazardous waste from properties burned in Oregon wildfires. The September fires led to an initial EPA response in Jackson County, which quickly expanded to Clackamas, Douglas, Klamath, Lane, …
A court fight threatens to block a Mississippi medical marijuana program before the program even gets started. Voters on Nov. 3 approved a medical marijuana initiative by a wide margin – about 58%, according to certified results. The initiative amends …