Insurers Must Totally Reassess Approach to ‘Grim’ Cyber Insurance Market: AM Best June 4, 2021 With the cyber risk hazard environment—ransomware, business interruption and aggregation—worsening significantly, “prospects for the U.S. cyber insurance market are grim,”...
Judge Dismissed Utah Jazz Fan’s Suit Over Taunting Incident June 4, 2021 By Sophia Eppolito A lawsuit against the Utah Jazz by a fan who was banned for life from the team’s arena over what...
Washington Organization Investigating Sexual Misconduct Complaints June 4, 2021 Board members at Casa Latina, a decades-old organization founded to empower immigrant workers and provide job and educational opportunities, has...
Idaho Family Pondering Suit over Teacher Having Students Push Girl Down Stairs June 4, 2021 Parents of a Twin Falls middle school student have filed a tort claim against the school district, contending that the...
Key Stage of Nord Stream 2 Gas Pipeline Completed but Insurance Needed June 4, 2021 By Dina Khrennikova Russian President Vladimir Putin said a key stage of a gas pipeline to Germany that the U.S. targeted for sanctions...
Collision on Aisle 5: Jury to Decide Tastykake Grocery Crash June 4, 2021 By Randall Chase A jury must decide whether a grocery store should be held liable for a collision between a vendor’s snack food...
New York Transit Officials Confirm Cyberattack; Say Harm Limited June 4, 2021 Hackers infiltrated computer systems for the Metropolitan Transportation Authority in New York, setting off a scramble to counter a potentially...
AM Best Revises Outlooks to Negative for Members of NLC Insurance Companies Pool June 4, 2021 AM Best has revised the outlooks to negative from stable and affirmed the financial strength rating of A- (excellent) and...
P/C Insurers’ Underwriting Income Fell 53% in First Quarter: AM Best June 4, 2021 The U.S. property/casualty (P/C) industry saw its net underwriting income fall in first-quarter 2021 by 53% as compared with the...
People Moves: AXA’s Sayce to AGCS as Head of Cyber; AGCS’ Drubhra to HDI; Amwins Hires Miller’s Johnson, AFL’s Ritson, Nationale Nederlanden’s Dekker June 4, 2021 This wrap-up of international People Moves includes appointments at Allianz Global Corporate & Specialty (AGCS); HDI Global SE UK &...