22 07, 2021

Aon Says Natural Disaster Insured Losses for First Half of Year Hit 10-Year High

By | July 22nd, 2021|Uncategorized|Comments Off on Aon Says Natural Disaster Insured Losses for First Half of Year Hit 10-Year High

LONDON — Insured losses from natural disasters hit a 10-year high of $42 billion in the first half of 2021, with the biggest loss related to extreme cold in the United States in February, insurance broker Aon said on Wednesday. …

22 07, 2021

China Blasts Dam to Divert Floods That Killed at Least 25

By | July 22nd, 2021|Uncategorized|Comments Off on China Blasts Dam to Divert Floods That Killed at Least 25

BEIJING (AP) — China’s military has blasted a dam to release floodwaters threatening one of its most heavily populated provinces, as the death toll in widespread flooding rose to at least 25. The dam operation was carried out late Tuesday …

22 07, 2021

Saudi Aramco Facing $50M Cyber Extortion Over Leaked Data

By | July 22nd, 2021|Uncategorized|Comments Off on Saudi Aramco Facing $50M Cyber Extortion Over Leaked Data

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state oil giant acknowledged Wednesday that leaked data from the company — files now apparently being used in a cyber-extortion attempt involving a $50 million ransom demand — likely came from one …

22 07, 2021

Justices Deal Blow to Outdated Claims of Child Sexual Abuse

By | July 22nd, 2021|Uncategorized|Comments Off on Justices Deal Blow to Outdated Claims of Child Sexual Abuse

HARRISBURG, Pa. (AP) — Pennsylvania’s high court on Wednesday dealt a blow to victims of child sexual abuse, throwing out a lawsuit by a woman whose lower court legal victory had given hope to others with similarly outdated claims who’d …

22 07, 2021

Couple Charged in California Fire Sparked by Gender Reveal

By | July 22nd, 2021|Uncategorized|Comments Off on Couple Charged in California Fire Sparked by Gender Reveal

SAN BERNARDINO, Calif. (AP) — A couple whose gender reveal ceremony sparked a Southern California wildfire that killed a firefighter last year were charged with involuntary manslaughter, authorities announced Tuesday. Refugio Manuel Jimenez Jr. and Angela Renee Jimenez pleaded not …

22 07, 2021

Court: California Can Expand Insurance for Wildfire Areas

By | July 22nd, 2021|Uncategorized|Comments Off on Court: California Can Expand Insurance for Wildfire Areas

SACRAMENTO, Calif. (AP) — California’s insurance commissioner can order the “insurer of last resort” to offer more options for homeowners who can’t buy traditional coverage because they live in areas threatened by wildfires, a judge ruled. Massive wildfires in recent …

22 07, 2021

Agency Eyes ‘Right-To-Repair’ Rules to Aid Consumers, Shops

By | July 22nd, 2021|Uncategorized|Comments Off on Agency Eyes ‘Right-To-Repair’ Rules to Aid Consumers, Shops

WASHINGTON (AP) — Americans would be freer to repair their broken cellphones, computers, videogame consoles and even tractors themselves or to use independent repair shops under changes being eyed by federal regulators that target manufacturer restrictions. Responding to a new …

23 07, 2021

Wells Media Group Executive Chairman Given Industry Marketing Group’s Icon Award

By | July 23rd, 2021|Uncategorized|Comments Off on Wells Media Group Executive Chairman Given Industry Marketing Group’s Icon Award

The Insurance Marketing & Communications Association (IMCA) presented Mark Wells, executive chairman of Wells Media Group Inc., with the IMCA Icon award in recognition of extraordinary leadership and exemplary achievement in insurance marketing and communications. Wells recently celebrated 50 years …

23 07, 2021

US Senate Panel Hears From Chubb, Others on Insuring Pandemic Risk

By | July 23rd, 2021|Uncategorized|Comments Off on US Senate Panel Hears From Chubb, Others on Insuring Pandemic Risk

NEW YORK — New Jersey business owner Adenah Bayoh told a U.S. Senate committee hearing on Wednesday she paid about $275,000 a year to insure her group of restaurants, only to discover the limits of her policy during the coronavirus …

23 07, 2021

Hippo Enters Commercial Insurance Market With Homeowners Association Product

By | July 23rd, 2021|Uncategorized|Comments Off on Hippo Enters Commercial Insurance Market With Homeowners Association Product

Home insurtech Hippo is jumping into the commercial insurance market. The California-based managing general agency startup said its expansion will focus on “targeted commercial insurance” customers. Its first product in the space is a tailored homeowners association (HOA) product. That …