FEMA Grows Its Flood Reinsurance Plan with $500 Million Cat Bond August 1, 2018 By Andrew G. Simpson The Federal Emergency Management Agency (FEMA) has secured a reinsurance placement for the National Flood Insurance Program (NFIP) that for...
Senate Agrees with House to Renew Flood Insurance Program for 4 Months July 31, 2018 By Andrew G. Simpson Congress avoided a lapse in the federal flood insurance program when the Senate today voted 86-12 to extend authorization for...
ProHost Launches Wine Valuation Endorsement for Restaurant Wine Collections July 31, 2018 ProHost USA, a national program administrator specializing in restaurant insurance, is rolling out a property insurance coverage valuing bottled wine...
Nationwide Invests in Online Business Financing Startup BlueVine July 31, 2018 Nationwide said it is making a new venture-capital investment in BlueVine, a provider of online working capital financing for small-...
Court to Revisit Dismissal of $210 Million Hyundai-Kia Fuel Economy Settlement July 31, 2018 By Jonathan Stempel A U.S. appeals court will reconsider its decision to throw out a $210 million nationwide class-action settlement for owners of...
Business Email Attacks on the Rise; Office 365 Users Hardest Hit: Beazley July 31, 2018 Attacks targeting business email accounts continued to climb in the second quarter. Hardest hit were organizations using Office 365, the...
Travelers Seeks Review of Court Ruling on Crime Insurance Loss Involving Email Fraud July 31, 2018 By Andrew G. Simpson Travelers Insurance is seeking a full Sixth Circuit court reconsideration of its three-judge panel ruling that said the insurer’s crime...
Hanover Hires Munich Re’s Cernak to Head Cyber Practice July 31, 2018 The Hanover Insurance Group, Inc. has appointed Eric C. Cernak has the head of its cyber practice. In this role,...
Supreme Court Lets Teens’ Climate Lawsuit Proceed to Trial July 31, 2018 By Greg Stohr The U.S. Supreme Court refused to halt a novel and sweeping lawsuit pressed by children and teenagers seeking to force...
Uber Halts Driverless Truck Manufacturing to Focus on Cars July 31, 2018 Uber will stop developing self-driving trucks that have been hauling cargo on U.S. highways, the ride-hailing company said on Monday,...