The credit ratings of global property insurers are coming under pressure as rising reinsurance costs force them to cut back on cover and retain more risks themselves, DBRS Morningstar analysts said in a research note on Wednesday. Reinsurers, which insure …
Nashville-based HCAHealthcare, the largest for-profit operator of hospitals and clinics in the U.S., said that patient information had been leaked to an online forum. The breach leaked data for as many as 11 million patients, making it the largest known …
California Insurance Commissioner Ricardo Lara issued a decision regarding the workers’ compensation insurance pure premium rate filing that average $1.46 per $100 of payroll, 2.6% below the average of the approved September 1, 2022 advisory pure premium rates. The Workers’ …
About 6 million homes in the U.S. are considered uninsurable due to wildfire risk. The models at Delos Insurance say about half of those homes are absolutely insurable. “Delos sees a lot more insurable homes in California than other insurance …
MADISON, Wis. (AP) __ A wildfire in central Wisconsin has consumed almost 1000 acres (405 hectares) and forced evacuations of scores of properties. State Department of Natural Resources officials said at a news conference Tuesday that the fire began Monday …
Chinese state-linked hackers have secretly accessed email accounts at around 25 organizations including government agencies in a sweeping cyberespionage campaign, Microsoft said on Wednesday. In an interview with ABC television, White House national security adviser Jake Sullivan said the United …
COLUMBUS, Ohio (AP) – The railroad industry has sued to block a new minimum crew- size requirement that Ohio imposed after a fiery train derailment in East Palestine in February. The new rule was part of a $13.5 billion state …
Maynor Estuardo Álvarez used to stand the Texas heat, but not anymore. Something changed in his body last summer while working as a painter in an apartment in Houston. It was the afternoon, the temperature had surpassed 100 degrees and …
The Texas Windstorm Insurance Association Actuarial & Underwriting Committee met Tuesday, July 11 and voted to recommend increasing rates for residential policies by 5% and commercial policies by 8% for 2024. The TWIA Board of Directors will vote to approve …
-Marsh McLennan Agency, a subsidiary of Marsh, today announced the acquisition of Arlington Heights, Illinois-based Trideo Systems, a risk management information system (RMIS) provider for health care organizations. Terms of the acquisition were not disclosed. Founded in 2008, Trideo’s RMIS …