Lloyd’s MGA CFC Underwriting has launched a new cyber liability product with wording to cover the risks of storing data in the “cloud.” CFC identified a gap in coverage for firms that use cloud computing services and designed the new …
Confie Seguros, an insurance agency group focused on Hispanic consumers, has named Joseph Waked as chief executive officer. John Addeo , former CEO and co-founder of the business, will remain with the company as executive chairman and continue to be …
Citizens Property Insurance Corp. President Scott Wallace has announced that he will step down as president and CEO of the corporation effective April 6. Wallace, who has served more than six years as the CEO of the company, has overseen …
Officials on Long Island, N.Y., are implementing a program to safeguard pharmacies in the wake of several deadly robberies. The Suffolk County initiative consists of training police and pharmacy personnel, increasing Crime Stoppers reward for pharmacy arrests, and raising community …
The federal law governing risk retention groups should be clarified to reduce the number of disagreements between RRG managers and state regulators and to clarify the coverage RRGs may offer, a Congressional report advises. The Government Accountability Office said varying …
Authorities say a New York City Fire Department inspector is accused of accepting bribes from day care centers in exchange for certifying that they complied with safety standards. FDNY Supervising Inspector Carlos Montoya was arrested on charges he played a …
Arline MacCormack first heard about DES from her mother when she was 17. Three decades later, MacCormack believes that the drug her mother took to prevent miscarriages caused her to develop breast cancer at age 44. MacCormack, of Newton, Massachusetts, …
The economic uncertainty that plagues buyers of insurance does not bode well for the property/casualty insurance industry, experts are warning. Ernst & Young, the global tax and business advisory firm, said it expects that low premium growth will persist through …
The Supreme Court’s decision in Wal-Mart v. Dukes, heralded last term as a game-changer in employment class actions, has lived up to the hype. Since the Court issued the Dukes decision in June, it has been cited by lower courts …
A.M. Best Co. has released a briefing on the 2012 global reinsurance outlook, which concludes that despite the near record number of catastrophic event in 2011, the rating outlook “is being held at stable.” Best cited the “continued strong risk-adjusted …
