Gangs Now Arbitrate Payment Disputes as Ransomware Growth Continues February 14, 2022 By Alan Suderman Cyber criminal gangs are getting increasingly adept at hacking and becoming more professional, even setting up an arbitration system to...
Insurance Pros At Odds With Las Vegas, Final Result in Predicting Cincinnati Super Bowl February 13, 2022 By Andrew G. Simpson Property/casualty insurance professionals predicted the Cincinnati Bengals would beat the Los Angeles Rams in yesterday’s Super Bowl LVI. An online...
People Moves: Great American P&C Promotes Cohen, Kadnar; Markel Adds Hiscox’s Wakeham as U.S. Terrorism Underwriter February 11, 2022 Great American Insurance Group has promoted Jason M. Cohen to senior vice president and Julie F. Kadnar to divisional group...
SpaceX Satellites Falling Out of Orbit After Being Hit by Solar Storm February 11, 2022 By Marcia Dunn SpaceX’s newest fleet of satellites is tumbling out of orbit after being struck by a solar storm. Up to 40...
Purdue’s Sacklers Consider Adding $1 Billion More to Opioid Settlement February 11, 2022 By Jef Feeley, Jeremy Hill and Malathi Nayak Members of the billionaire Sackler family that own Purdue Pharma LP are weighing whether to add $1 billion to the...
Senate Joins House in Passing Ban on Forced Arbitration of Worker Sexual Abuse Claims February 11, 2022 By Moira Warburton and Richard Cowan The U.S. Senate on Thursday approved a bill that would ban companies from forcing employees who allege sexual assault or...
Hamilton Launches U.S. E&S Insurer, Names Rhoades CEO February 11, 2022 Bermuda-based specialty insurer Hamilton Insurance Group, Ltd. reports it has formed Hamilton Select Insurance Inc., a U.S. excess and surplus...
Inspector General Says Counterfeit Parts in Nuclear Plants Raise Safety Concerns February 11, 2022 By Timothy Gardner Many counterfeit parts have been discovered in U.S. nuclear plants, potentially increasing the risk of a safety failure, the inspector...
W.R. Berkley Optimism About 2022 Comes With Caution About Workers’ Compensation February 10, 2022 By Elizabeth Blosfield Executives for commercial lines insurer W.R. Berkley Corp. indicated in a fourth quarter and full year 2021 earnings call that...
House Passes Ban on Mandatory Arbitration for Sexual Misconduct Claims February 10, 2022 By Michelle L. Price The U.S. House has passed legislation barring contracts that force people to settle sexual assault or harassment cases through arbitration...