April 15, 2024
Middle-market companies posted record economic growth and revenue gains in the second half of 2023, according to a recent indicator survey by Chubb. A record 77% of companies reported performance improvement in the last six months of 2023 – the …
April 15, 2024
In an inaugural EY/Institute of International Finance (IIF) global insurance risk management survey, cybersecurity was ranked as the highest concern for chief risk officers. CROs surveyed said the top five risk types or risk management types for the coming year …
April 15, 2024
Executives at carriers and reinsurers that announced reserve loss charges taken during fourth-quarter 2023, and even at some that did not, discussed the “problematic accident years” and lines of business, drawing their own comparisons to prior reserving cycles, and specifically …
April 15, 2024
Security threats are getting more sophisticated – and expensive – and this trajectory will continue. Digital footprints and technology usage will only keep expanding, adding to vulnerability and presenting more opportunities for compromises to occur. This complexity puts all companies …
April 15, 2024
Predictions that the property/casualty insurance industry is in the midst of repeating the type of loss reserving cycle that accompanied the hard market of the beginning year of this century may be overblown, according to an analyst. In fact, William …
April 15, 2024
The Oregon Occupational Safety and Health Division fined a Bend construction company $103,438 for repeatedly violating a requirement to provide protective systems to safeguard workers from fall hazards. The division cited Sky Ridge Construction LLC following an inspection that focused …
April 15, 2024
As hard-market conditions continue to drive rate increases, independent agents face two challenges: explaining policy changes to their clients while continuing to nurture relationships with their carrier partners. Simultaneously accomplishing these tasks comes down to managing expectations on both sides …
April 15, 2024
The Oregon Division of Financial Regulation reached a settlement agreement in principle with a cryptocurrency asset platform for violating state securities regulations. The group of affiliated companies known as Abra — Plutus Financial Holdings Inc., Plutus Financial Inc., Plutus Lending …
April 15, 2024
The U.S. Securities and Exchange Commission adopted final rules almost a year ago in July 2023 requiring public companies to disclose both material cybersecurity incidents and material information regarding their cybersecurity risk management. However, for directors and officers and their …
April 15, 2024
California’s Department of Industrial Relations is beefing up a statewide effort to recruit inspectors and investigators throughout California to more thoroughly enforce labor and workplace laws. The DIR is hiring enforcement staff for Cal/OSHA and the Labor Commissioner’s Office under …