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Sony’s Unprecedented Cyber Attack: Deep, Costly, Controversial

Sony Pictures’ decision to let Seth Rogen make a comedy about a plot to kill a head of state will potentially cost the studio hundreds of millions of dollars after a devastating cyber-attack linked to North Korea. The Sony Corp. …

OneBeacon Launches Environmental Website for Producers, Clients

OneBeacon Environmental, a member of Hamilton, Bermuda-based OneBeacon Insurance Group Ltd., has launched a new website, www.onebeaconenvironmental.com, featuring overviews of product lines, classes of business, and industry products for specific types of businesses with environmental risks. Through the site, customers and …

XL Group Expands Executive Liability Protection in U.S.

XL Group’s Professional Liability arm has released a new Executive and Corporate Securities Liability policy form to protect companies and their directors and officers from what it terms “an increasingly complex litigation and regulatory environment in the U.S. and around …

Allied World Syndicate to Offer Insurance, Facultative Cover in Latin America

Allied World’s Lloyd’s Syndicate 2232 has received approval to commence underwriting direct insurance and facultative reinsurance business for Latin America and the Caribbean. Paul Manguson, senior vice president, underwriting, and Paul Obolensky, senior vice president, business development, will build out …

Housing Focus of Next Sandy Aid for New Jersey

Restoring housing and expanding a fund that finances thousands of affordable rental units for low- to moderate-income families will be how New Jersey spends most of what will likely be the final round of Superstorm Sandy relief money. New Jersey …

Arthur J. Gallagher Acquires Independent Benefit Services in Maryland

Arthur J. Gallagher & Co. today announced the acquisition of Independent Benefit Services Inc. (iBEN) located in Rockville, Maryland. Terms of the transaction were not disclosed. Founded in 1989, iBEN provides employee benefits, human resources and retirement plan consultation and …

Mass. Vehicle Thefts Down 90% From Peak in 1975, Report Shows

From its peak auto theft year in 1975 when 91,563 vehicles were stolen, Massachusetts has experienced a significant decline ending 2013 with 9,122 thefts. That’s a reduction of 90 percent since 1975, according to the National Insurance Crime Bureau (NICB). …

N.J. Assembly Delays Vote on ‘Electronic’ Auto Insurance Bill

The New Jersey Assembly has delayed a vote on a measure that would allow drivers in New Jersey to use smart phones, computers or tablets to prove they carry auto insurance during traffic stops. The bill was due to be …

NICB: Vehicle Thefts in New York Down 92% From Peak in 1990

From its peak auto theft year in 1990 when 187,591 vehicles were stolen, New York has experienced a significant decline ending 2013 with 15,482 thefts. That’s a reduction of 92 percent since 1990, according to the National Insurance Crime Bureau …

Fire Damage at North Dakota Grain Elevator Likely to Surpass $1M

The Farmers Elevator in Colfax, N.D., is working to resume grain-handling operations while crews clean up after a fire that caused heavy damage and investigators work to determine the cause of the blaze. Estimates are still being compiled, but damage …

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