Climate change is making hurricanes bigger and stronger, and it may soon push them farther north. Yet Canada’s homeowners, businesses and insurers underestimate that escalating risk, according to one of the world’s leading reinsurance firms. Overall, the northern nation has …
Lockton is bolstering its transaction liability team with key hires across the three transaction liability insurance product lines: Representations and Warranties Insurance, Tax Liability Insurance and Contingent Liability and Litigation Insurance. These hires come on the heels of Lockton’s addition …
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Topa Insurance Co. in Calabasas, Calif. and its subsidiary, Dorchester Insurance …
The Washington state Department of Labor and Industries is creating a new team aimed at improving farmworker safety. When fully staffed, the agriculture compliance unit will create 16 new positions, the Yakima Herald reported. Thirteen of those posts will focus …
The Alaska health department website was the target of a malware attack, officials said. A similar attack previously targeted the state’s court system. The health department in a statement late Tuesday said its website was taken offline Monday while an …
The central Pacific basin including Hawaii can expect between two and five tropical depressions, tropical storms or hurricanes this year, federal forecasters said Wednesday. The annual National Weather Service prediction said there is about an 80% chance of a near …
McDonald’s Corp. was sued on Thursday for at least $10 billion by two companies owned by media entrepreneur Byron Allen, who accused the fast-food chain of racial discrimination for not advertising enough with Black-owned media outlets. The complaint filed in …
CNA Financial Corp., among the largest insurance companies in the U.S., paid $40 million in late March to regain control of its network after a ransomware attack, according to people with knowledge of the attack. The Chicago-based company paid the …
The Tennessee Department of Commerce & Insurance (TDCI) has announced that Tennesseans seeking certification as insurance producers can now take their insurance exams remotely. Starting May 21, 2021, exams for prospective insurance producers can be taken at home, at the …
The owner of a Florida construction business has been arrested for allegedly concealing payroll information to avoid paying more than $718,000 in workers’ compensation premiums, according to a statement from the Florida Department of Financial Services (DFS). An investigation by …