Markets/Coverages: MGA Optio and Insurer Partner AmFirst to Offer Political Violence & Terrorism Cover December 12, 2023 Optio Group, the London-based specialty managing general agent (MGA), announced it has entered into an agreement with a new insurer...
Houthi Militants Hit Fuel Tanker With Missile in Vital Red Sea Trade Artery December 12, 2023 By Dana Khraiche, Mohammed Hatem and Alaric Nightingale A fuel tanker was struck by missile as it navigated the Red Sea, the latest in a string of incidents...
Tech Update: Hiscox London Mkt, Google Collaborate to Boost Underwriting With AI December 12, 2023 Hiscox, the specialist global insurer, has collaborated with Google Cloud to create the first AI-enhanced lead underwriting model in the...
Typhoon That Hit China’s Ports Provides Wakeup Call for Climate Risk to Markets December 12, 2023 By Katy Daigle and Simon Jessop As Typhoon Doksuri aimed toward mainland China, major southeast ports were forced to turn away dozens of vessels for days....
Apple-Backed Study Finds Rise in Data Breaches as iPhone Maker Defends Encryption December 12, 2023 By Stephen Nellis In the first nine months of 2023, U.S. data breaches increased by 20% compared to the full year 2022, according...
Bernie Madoff Is Long Gone. The Lawyers Are Going Strong December 12, 2023 Long before cryptocurrency and Sam Bankman-Fried, the biggest name in corporate fraud was Bernie Madoff. Fifteen years after the FBI...
Mallory Agency Adds Offices in Auburn and Charleston December 12, 2023 Mallory Agency, a property/casualty insurance broker based in Atlanta and La Grange, has opened offices in Auburn, Alabama, and Charleston,...
Washington Cancer Center Patients Get Threatening Emails Following Data Breach December 12, 2023 Some patients of a Seattle, Washington-based cancer center received threatening emails following a data breach last month. Fred Hutchinson Cancer...
AM Best Upgrades Financial Strength Rating of Louisiana Dealer Services Insurance December 11, 2023 AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings...
Texas Department of Insurance to Hold Meet The Regulator Event December 11, 2023 The Texas Department of Insurance will hold a Meet the Regulator event from 9:00 to 11:30 a.m. on Tuesday, January...