Insurance Journal’s Top Cyber Stories of 2022 January 4, 2023 From growing ransomware attacks to navigating a remote work environment to regulatory developments to a challenging insurance landscape, 2022 proved...
MagMutual Completes Acquisition of New Jersey’s MDAdvantage January 4, 2023 Atlanta-based physician insurer MagMutual Insurance Co reports it has .has completed its acquisition of MDAdvantage Insurance Co. of New Jersey....
European Cities Break Temperature Records in Winter Heat Wave January 4, 2023 By Vanessa Dezem Europe has broken temperature records already this year, with cities from Berlin to Warsaw recording their warmest ever start to...
Sam Bankman-Fried Pleads Not Guilty in FTX Fraud Case; October Trial Set January 4, 2023 By Jack Queen and Luc Cohen Sam Bankman-Fried pleaded not guilty on Tuesday to criminal charges that he cheated investors in his now-bankrupt FTX cryptocurrency exchange...
January Renewals See Hardest Property Catastrophe Reinsurance Rates in Generation January 4, 2023 By L.S. Howard A convergence of global events has led to the hardest property-catastrophe reinsurance market in a generation and a “complex,” “grueling”...
Starbucks Illegally Terminated Union Leader, U.S. Officials Say January 4, 2023 By Josh Eidelson US labor board prosecutors have concluded that Starbucks Corp. illegally forced out a New York barista who has been a...
People Moves: Bailey Joins AIG as Global Head of Distribution and Field Operations January 4, 2023 American International Group (AIG) named Don Bailey as global head of distribution and field operations. He joins AIG from Bristlecone...
Banks Should Be More Cautious on Crypto Contagion Risks, U.S. Regulators Warn January 4, 2023 By Hannah Lang Banks should be more careful about the risks of fraud, legal uncertainty and misleading disclosures by crypto firms, U.S. regulators...
Update: Demotech Drops Frontline But Insurer Gets BBB+ from KBRA January 4, 2023 By William Rabb Frontline Insurance Group, parent to two significant property insurers in Florida, has had its financial rating stability withdrawn by the...
Maine’s New Laws Address PFAS, Minimum Wage, Pay for Unused Vacation January 4, 2023 Minimum wage earners will see a pay increase and employers will have to pay departing employees for unused vacation time...