More merger-and-acquisition activity and technology consolidation have given cyber hackers plenty of entry points to exploit, making third-party cyber risk a dominant driver of claims for Resilience in 2024. New research from the San Francisco-based cyber solutions company found 31% …
Resilience: Third-Party Risk Involved in 31% of Cyber Claims Read More »
Westchester, Chubb’s excess and surplus lines company, said Alex Faynberg was appointed to executive vice president and head of pet insurer Health Paws, effective March 3. In his new role, Faynberg will have executive operating responsibility to expand the company’s …
California’s $21 billion wildfire fund may shield Edison International’s balance sheet if equipment owned by the company’s electric utility is found to have caused a deadly Los Angeles fire last month, Edison’s CEO said on Thursday. Southern California Edison, one …
Edison Says Wildfire Fund May Shield Balance Sheet From LA Fire Claims Read More »
A pipeline operated by Energy Transfer LP leaked jet fuel for at least 16 months, contaminating residential water wells in Pennsylvania, and the conduit may be at risk for further incidents, according to a preliminary investigation by regulators. Residents of …
Energy Transer Fuel Leak in Pennsylvania Lasted 16 Months, PHMSA Says Read More »
The man who has been as much of a litigation nemesis to Florida property and casualty insurers as anyone is launching a new political party and may even run for governor next year. Orlando-based trial lawyer John Morgan, head of …
John Morgan Wants New Political Party, May Run for Governor of Florida Read More »
Reinsurers continued to provide ample casualty reinsurance capacity through the recent January 2025 renewal season – despite concerns about adverse reserve development — however, an availability crisis could be looming, AM Best cautions. In a new report, AM Best points …
Casualty Reinsurance Capacity Is Plentiful but Availability Crisis Could Be Looming Read More »
MONTGOMERY, Ala. (AP) — Divisive legislation that would expand legal immunity for police officers who use excessive force or kill someone in the line of duty advanced in the Alabama legislature on Wednesday, sparking outcry among civil rights attorneys and …
Alabama Lawmakers Advance Bill Making it Harder to Sue Police for Excess Force Read More »
Safety Insurance Group Inc. (SAFT) on Tuesday reported profit of $8.1 million in its fourth quarter. On a per-share basis, the Boston-based company said it had net income of 55 cents. Earnings, adjusted for non-recurring costs, came to 94 cents …
Boston’s Safety Insurance Show Fourth Quarter Profits Read More »
Pen Underwriting, the London-based managing general agent, has expanded and enhanced its specialist insurance proposition for recruitment agencies, to support clients’ international growth strategies and help them respond to increasing legal liabilities arising from contractual complexities. With immediate effect, Pen’s …
Markets/Coverages: MGA Pen Expands International Cover for UK Recruitment Agencies Read More »
British drugmaker GSK will no longer set diversity targets, it said on Thursday, as it became the latest company to scale back or abandon such goals in response to the U.S. president’s opposition to them. President Donald Trump has issued …
British Drugmaker GSK Abandons Diversity Targets Following Trump Pressure Read More »
