Insurance News from June 08, 2021
National News
FBI Recovers Most of Bitcoin Ransom Paid by Colonial Pipeline
The U.S. recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber...
International & Reinsurance News
Failure of Many ‘Zombie’ Companies Likely to Keep Insurance Rates Rising: Swiss Re
The expectation that hundreds of so-called zombie companies will fail over the next few...
Contaminants from Sri Lanka Ship Wreck Could Cause Wide-Reaching Damage
Bank of England Launches Climate Change Stress Test for Insurers, Banks
Italian Insurer Cattolica Delays €200M Cash Call due to Generali’s Recent Takeover Offer
Global Insurers Face Hefty Costs of $15B-$20B to Implement IFRS 17: WTW
East News
Diocese of Buffalo Suspends Three Priests Amid Sex Abuse Claims
Three priests have been placed on leave in response to claims in a lawsuit filed last...
West News
Washington, California Urge Insurers to Adopt Task Force Climate Reporting Guidelines
Washington Insurance Commissioner Mike Kreidler and California Insurance Commissioner...
Southeast News
Florida Top Court Says Insurer Can Pursue Malpractice Claim Against Defense Law Firm
Attorneys who are hired by insurance carriers to defend policyholders from lawsuits...
Texas / South Central News
Texas Gov. Signs Bill to Punish Businesses Requiring COVID Vaccination Proof
Texas businesses that require customers to be vaccinated against COVID-19 will be...
Midwest News
Wisconsin Grain Facility Fined $676.8K for Workplace Safety Violations
A Wisconsin grain facility faces 14 workplace safety violation citations and more than...