National News

Cyber Insurance and Security MGA Coalition Raises $205M

Coalition, a San Francisco-based cyber insurance and security company, has already been focused on rapid growth. Its new $205 million venture capital financing will help supercharge that strategy even further. Coalition said the investment will help accelerate its plans to …

Religious Partners Fear Boy Scouts’ Bankruptcy Plan Leaves Them Unprotected

Amid the Boy Scouts of America’s complex bankruptcy case, there is worsening friction between the BSA and the major religious groups that help it run thousands of scout units. At issue: the churches’ fears that an eventual settlement — while …

Omaha National Raises $45M, Will Transition to Being Direct Workers’ Compensation Writer

Technology-enabled workers’ compensation and payroll services provider Omaha National Group, Inc. announced a $45 million Series B round led by Accomplice. The company said it plans to use the funds to support its transition to operating as a direct insurance …

Annual Financial Crime Compliance Costs Rise to $49.9B for Financial Institutions

Financial crime compliance costs for the U.S. and Canada are at nearly $50 billion in 2021, a rise of almost 20% from the year before, according to a new LexisNexis study. Labor costs, more regulations and evolving crime threats are …

Colonial Surety Launches Cyber and Fiduciary Package for Retirement Planning

Colonial Surety, a direct and digital insurer, expanded its fiduciary liability product offering for plan sponsors – businesses that offer retirement plans – with a new, two-part package that includes cyber liability coverage. The new package offers fiduciary liability insurance …

Shell Plans Mid-October Post-Hurricane Restart for Louisiana Refinery

Royal Dutch Shell Plc tentatively plans the first restart of a production unit at its 230,611 barrel-per-day (bpd) Norco, Louisiana, refinery for mid-October, sources familiar with plant operations said on Monday. A Shell spokesman did not reply to a request …

States Struggle to Recruit and Retain Cyber-Security Pros

CHICAGO (AP) — Austin Moody wanted to apply his cyber-security skills in his home state of Michigan, teaming up with investigators for the State Police to analyze evidence and track down criminals. But the recent graduate set the idea aside …

EPA Urged by 21 States to Toughen Vehicle Emissions Rules

A group of 21 state attorneys general, the District of Columbia, and several major U.S. cities urged the Biden administration to finalize significantly stricter vehicle emissions rules than it has proposed. The U.S. Environmental Protection Agency (EPA) in August called …

Biden to Restore Legal Foundation for Limits on Mercury Pollution, Discarded by Trump

President Joe Biden plans in coming days to shore up one of the most consequential environmental regulations in history by moving to restore the legal foundation for limits on mercury pollution from power plants. Restrictions on mercury, imposed by the …

People Moves: Zurich’s Charles to SiriusPoint as Head of Americas P/C Insurance; Amwins Promotes Bernacki to New Role of Chief Underwriting Officer

SiriusPoint Names Zurich’s Charles as Head of Americas P/C Insurance SiriusPoint Ltd., the Bermuda-based global specialty insurer and reinsurer, announced that Patrick Charles has joined the company as head of Americas Property and Casualty (P/C) Insurance. Charles will be responsible …

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