Ransomware Attacks Quadrupled in 2016; Expected to Double in 2017: Beazley February 2, 2017 Specialty insurer Beazley, which offers data breach response insurance, said its specialized breach response unit saw ransomware attacks quadruple in...
Markel to Acquire Surety Company SureTec for $250 Million February 2, 2017 Markel Corp. has agreed to acquire surety firm SureTec for approximately $250 million, inclusive of a three-year earn out. SureTec...
USGS Confirms Another Quake in Western Colorado Towns February 2, 2017 A recent 3.3 magnitude earthquake is the largest to hit a western Colorado county in a decade, the U.S. Geological...
2 California School Districts Will Settle Teacher Sex Case for $5M February 2, 2017 Two California school districts will pay most of a roughly $5 million settlement to a girl who was sexually abused...
Swiss Re & SAP Partner to Develop Financial Steering & Reporting Solution February 2, 2017 Swiss Re has formed a strategic partnership with SAP SE, the enterprise application software company, to develop a solution to...
Eastern Insurance Group Acquires Chase and Lunt in Massachusetts February 2, 2017 Eastern Insurance Group LLC, a wholly owned, Natick, Mass., headquartered subsidiary of Eastern Bank, has acquired the assets of the...
Man Convicted of Burning Down His Rhode Island Restaurant to Collect Insurance February 2, 2017 A Massachusetts man has been convicted of burning down a restaurant he owned in Rhode Island. Federal prosecutors say 51-year-old...
Insurers Won’t Pay Boat Owner’s Claim in Rhode Island Lost-at-Sea Case February 2, 2017 Insurers say they will not cover the loss of a boat owned by a Vermont man that sank off Rhode...
CNA Hardy Appoints AIG’s Beelders as Head of Multinational February 2, 2017 CNA Hardy, a specialist commercial insurance provider within the Lloyd’s and company markets, announced the appointment of Jason Beelders as...
West Virginia Town Sues Drug Distributors Over Costs of Opioid Abuse February 2, 2017 A West Virginia town seeking to recoup the costs of dealing with opioid abuse is suing out-of-state drug distributors, and...