8 05, 2025

UK Cyber Security Chief Names China as Dominant Hacking Threat

By | May 8th, 2025|Uncategorized|Comments Off on UK Cyber Security Chief Names China as Dominant Hacking Threat

The UK has named China as the dominant threat to national cybersecurity after a series of hacks and breaches involving British government departments and critical infrastructure. “China remains the pacing threat in the cyber realm,” Richard Horne, the chief of …

6 05, 2025

New Louisiana Law Mandates Discount Disclosures for Insurance Companies

By | May 6th, 2025|Uncategorized|Comments Off on New Louisiana Law Mandates Discount Disclosures for Insurance Companies

Louisiana Insurance Commissioner Tim Temple sent out an announcement this week to all property and casualty insurance companies notifying of a statue that requires insurers to disclose all available discounts that could lead to reduced premiums for current or prospective …

7 05, 2025

Apollo-Backed Aspen Insurance Guides IPO Price at Midpoint

By | May 7th, 2025|Uncategorized|Comments Off on Apollo-Backed Aspen Insurance Guides IPO Price at Midpoint

Aspen Insurance Holdings Ltd. is telling prospective investors it expects to price its initial public offering at $30 per share, the midpoint of its price range, according to people familiar with the matter. The Bermuda-based reinsurer’s IPO, consisting of 11 …

6 05, 2025

Florida Bill Passes Making it Easier for Agents to Seek Surplus Lines Coverage

By | May 6th, 2025|Uncategorized|Comments Off on Florida Bill Passes Making it Easier for Agents to Seek Surplus Lines Coverage

Starting July 1, Florida insurance agents will no longer need to make a “diligent effort” to find coverage for hard-to-place properties before turning to surplus lines insurance if the governor signs House Bill 1549 into law. But a separate bill …

8 05, 2025

UnitedHealth Sued by Shareholders Over Reaction to Backlash From Executive’s Killing

By | May 8th, 2025|Uncategorized|Comments Off on UnitedHealth Sued by Shareholders Over Reaction to Backlash From Executive’s Killing

UnitedHealth Group was sued on Wednesday for allegedly concealing how backlash from the killing of a top executive was damaging its business, causing its stock to nosedive after the insurer lowered its 2025 outlook. In a proposed class action filed …

8 05, 2025

Report: Oregon Worker’s Comp Claims Fell in 2023 from Previous Two Years

By | May 8th, 2025|Uncategorized|Comments Off on Report: Oregon Worker’s Comp Claims Fell in 2023 from Previous Two Years

Oregon worker’s compensation claims fell in 2023 from the previous two years, a report from the Oregon Department of Consumer and Business Services shows. The department received notification of 22,994 accepted disabling claims for occupational injuries and diseases in 2023, …

6 05, 2025

Q1 Has Lowest Insurance Agency M&A in 5 Years; Mega Deals Coming?

By | May 6th, 2025|Uncategorized|Comments Off on Q1 Has Lowest Insurance Agency M&A in 5 Years; Mega Deals Coming?

The first three months of 2025 were the slowest quarter for insurance agency mergers and acquisitions since the second quarter 2020, according to investment banking and financial consulting firm OPTIS Partners. The total number of insurance agency mergers and acquisitions …

7 05, 2025

Court Approves $750 Million Settlement for Survivors of Abuse by NY Gynecologist

By | May 7th, 2025|Uncategorized|Comments Off on Court Approves $750 Million Settlement for Survivors of Abuse by NY Gynecologist

Columbia University and New York-Presbyterian hospitals will pay $750 million to patients who sued over being sexually abused by a former gynecologist who was convicted of sex crimes in 2023. The settlement was achieved on behalf of 576 former patients …

6 05, 2025

Oregon’s Compensable Worker Fatalities Down in 2024, Report Shows

By | May 6th, 2025|Uncategorized|Comments Off on Oregon’s Compensable Worker Fatalities Down in 2024, Report Shows

Oregon saw a drop in worker deaths last years, according to newly released data from the state’s Department of Consumer and Business Services. But despite the overall decline, the numbers show that certain industries—particularly logging and construction—continue to carry some …

8 05, 2025

People Moves: WTW Appoints Lofstrom for New England; Pepe Joins K&B for Claims

By | May 8th, 2025|Uncategorized|Comments Off on People Moves: WTW Appoints Lofstrom for New England; Pepe Joins K&B for Claims

Willis, a WTW business headquartered in New York City, appointed David Lofstrom as deputy regional leader, New England within corporate risk and broking (CRB) in North America. Lofstrom’s new position includes working closely with the full New England team to …