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28 09, 2021

States Struggle to Recruit and Retain Cyber-Security Pros

By | September 28th, 2021|Uncategorized|Comments Off on States Struggle to Recruit and Retain Cyber-Security Pros

CHICAGO (AP) — Austin Moody wanted to apply his cyber-security skills in his home state of Michigan, teaming up with investigators for the State Police to analyze evidence and track down criminals. But the recent graduate set the idea aside …

24 09, 2021

Q&A: New Director Criswell Prepares FEMA for a Hot, Chaotic Future

By | September 24th, 2021|Uncategorized|Comments Off on Q&A: New Director Criswell Prepares FEMA for a Hot, Chaotic Future

Deanne Criswell, the first woman to lead the Federal Emergency Management Agency, in April took over a 20,000-person operation exhausted by managing responses to disasters linked to global warming: wildfires and the 2020 hurricane season, the most active on record. …

24 09, 2021

$480M Gift From Insurance Leader Ryan, Wife Is Northwestern University’s Largest Ever

By | September 24th, 2021|Uncategorized|Comments Off on $480M Gift From Insurance Leader Ryan, Wife Is Northwestern University’s Largest Ever

Northwestern University has received the largest gift in its history, $480 million, from Patrick G. Ryan, founder and former long-time CEO of Aon Corp, and now chair of Ryan Specialty Group, and his wife, Shirley W. Ryan, co-founder and long-time …

24 09, 2021

Insured Price Tag for Canada’s Summer Storms and Wildfires Nears C$200M

By | September 24th, 2021|Uncategorized|Comments Off on Insured Price Tag for Canada’s Summer Storms and Wildfires Nears C$200M

Two storms that raged across Alberta and Saskatchewan in Canada in July and August caused C$120 million (US$94.5 million) in insured damage, while the August wildfire in White Rock Lake, British Columbia is now estimated to have caused damages of …

24 09, 2021

Biden Cybersecurity Officials Support Breach Incident Reporting Mandate

By | September 24th, 2021|Uncategorized|Comments Off on Biden Cybersecurity Officials Support Breach Incident Reporting Mandate

The head of the U.S. cybersecurity enforcement agency “is a huge supporter” of bipartisan legislation to mandate that operators of critical infrastructure report data breaches to the government. Jen Easterly, director of the Cybersecurity and Infrastructure Security Agency, said she …

24 09, 2021

Hong Kong Tycoon Richard Li’s Insurer FWD Makes U.S. IPO Filing Public

By | September 24th, 2021|Uncategorized|Comments Off on Hong Kong Tycoon Richard Li’s Insurer FWD Makes U.S. IPO Filing Public

Insurance company FWD Group Holdings Ltd., owned by Hong Kong billionaire Richard Li, made its filing for a stock market listing in the United States public on Thursday, revealing a jump in revenue last year. The insurer, which will list …

24 09, 2021

After Northeast Flooding, Insurance Woes Swamp Residents

By | September 24th, 2021|Uncategorized|Comments Off on After Northeast Flooding, Insurance Woes Swamp Residents

After being pummeled by two tropical storms that submerged basements, cracked home foundations and destroyed belongings, Northeastern U.S. residents still in the throes of recovery are being hit with another unexpected blow: Thousands of families are now swamped with financial …

24 09, 2021

New York’s Bolton Street Programs Rebrands, Implements New Technologies

By | September 24th, 2021|Uncategorized|Comments Off on New York’s Bolton Street Programs Rebrands, Implements New Technologies

Bolton Street Programs, a new Woodbury, New York-based program administrator that creates and administers affinity programs, is working to integrate insurtech, resinsurance, E&S options and loss control throughout its suite of programs. The announcement was made by Bolton Street Programs …

24 09, 2021

Projections on Drought-Stricken Colorado River More Dire

By | September 24th, 2021|Uncategorized|Comments Off on Projections on Drought-Stricken Colorado River More Dire

The U.S. government released projections Wednesday that indicate an even more troubling outlook for a river that serves 40 million people in the American West. The Bureau of Reclamation recently declared the first-ever shortage on the Colorado River, which means …

24 09, 2021

Former New York Insurance Broker Sentenced to Prison for $1M Fraud Scheme

By | September 24th, 2021|Uncategorized|Comments Off on Former New York Insurance Broker Sentenced to Prison for $1M Fraud Scheme

A former insurance broker is going to prison for defrauding insurance companies and individual investors out of more than $1 million. U.S. Attorney James P. Kennedy, Jr. announced that Brian Bartz of Rochester, New York, who was convicted of wire …