Yearly Archives: <span>2021</span>

U.S. to Urge Barriers, Elevation to Fight New Jersey Back Bay Flooding

The federal government will recommend flood control measures including storm surge barriers, floodwalls and elevating homes and other buildings in a report later this year on combating back bay flooding, a major problem in New Jersey that gets comparatively less …

Biden Extends Unemployment Insurance for Workers Fearing COVID Risk

The Biden Administration is expanding eligibility for unemployment benefits for workers who feel they are forced to choose between working in an unsafe environment and refusing work to avoid the risk of coronavirus infection. The U.S. Department of Labor is …

Virginia Lawmakers Advance Consumer Data Protection Act

The Virginia General Assembly is advancing legislation that allows Virginia consumers more protection with their online data, though opponents say the measure does not include the ability for people to file private lawsuits against companies that breach the proposed law. …

Ascot Promotes Thompson to CEO, Bermuda, as Berger Retires

Ascot announced the promotion of Ian Thompson to chief executive officer, Bermuda. Thompson will assume leadership of Ascot’s multi-faceted business on the island, which includes specialty insurance, reinsurance and alternative capital capabilities underwritten from the group’s “A”-rated Bermudian platform. The …

Conner Strong & Buckelew Names Jampana as Senior VP, Chief Information Officer

Conner Strong & Buckelew, an insurance, risk management and employee benefits brokerage and consulting firm, has named 25-year technology leader Anil Jampana as its senior vice president and chief information officer. In this newly created position, he will oversee all …

One80 Intermediaries Acquires New York’s Edward E. Hall and Company

One80 Intermediaries has acquired Edward E. Hall and Company (EE Hall). Terms of the deal were not disclosed. One80 is a national wholesale broker, program manager, third-party administrator (TPA), warranty and lender-based insurance provider and insurance aggregator headquartered in Boston, …

Beazley Forms Digital Business Unit to Transform Tech Strategy, Led by Fantozzi

Specialist insurer Beazley has unveiled a new digital business unit to transform how the company develops, underwrites and delivers digital insurance solutions for clients and brokers. Existing digital initiatives and platforms created to further Beazley’s digital capabilities will now be …

D&O-Focused MGA, Rising Edge, to Launch in 1st Half

Rising Edge, a London-based managing general agent (MGA), writing directors’ and officers’ (D&O) insurance, is set to launch in the first half of 2021. The new company will be led by Chief Executive Officer Philippe Gouraud, a well-known industry executive …

Senator Says Microsoft Failed to Fix Cloud Software Issue Used by SolarWinds Hackers

Microsoft Corp.’s failure to fix known problems with its cloud software facilitated the massive SolarWinds hack that compromised at least nine federal government agencies, according to security experts and the office of U.S. Senator Ron Wyden. A vulnerability first publicly …

AI-Driven Insurance Distribution Platform Wins $11 Million Financing Round

A startup centered around an AI-driven platform for insurance distribution secured $11 million in Series A financing. Zelros plans to use the money, in part to propel its North American expansion, with a new regional headquarters set to launch in …