News Center
News – Insurance Journal
DFS Issues New Report on Insurers’ Management of Climate Change Risks
The New York State Department of Financial Services (DFS) has issued a report analyzing New York domestic insurers’ management of the financial risks from climate change based on their 2020 responses to the National Association of Insurance Commissioners (NAIC) Climate …
POSTED JULY 30, 2021 1:44 PM |
Gun Maker Offers $33M to Settle Suit by Sandy Hook Families
The maker of the rifle used in the Sandy Hook Elementary School shooting has offered some of the victims’ families nearly $33 million to settle their lawsuit over how the company marketed the firearm to the public. Lawyers for now-bankrupt …
POSTED JULY 30, 2021 1:37 PM |
Bayer Books Additional $4.5 Billion for Roundup Litigation
Bayer said on Thursday it would book an additional provision of $4.5 billion related to litigation which alleges that its weedkiller Roundup can cause cancer. Bayer made the announcement in an update to investors on how it plans to deal …
POSTED JULY 30, 2021 1:03 PM |
‘Real Time’ Cyber Risk Specialist At-Bay Pulls In $185M as Antidote to Insurance Spiral
At-Bay pulled in a whopping $185 million in new financing that the cyber insurance startup plans to use for new product development, expansion into new markets and hiring more employees. Including the new round, the managing general underwriter said it …
POSTED JULY 30, 2021 12:52 PM |
Cyber Criminals Target Remote Workers and ‘Critical Infrastructure to Corner Stores’
The share of policyholders who filed a cyberattack claim jumped by 50% from the first half of 2000 compared to the first half of 2001, according to a new report by cyber insurer Coalition. An increasing number of attacks were …
POSTED JULY 30, 2021 12:07 PM |
85% of Flight Attendants Report Incidents With Unruly Passengers
Incidents with unruly passengers have become an everyday occurrence for flight attendants. A national survey of nearly 5,000 flight attendants found that more than 85 percent of all respondents had dealt with unruly passengers as air travel picked up in …
POSTED JULY 30, 2021 11:52 AM |
CDC Describes Delta Variant as Highly Contagious – Report
The U.S. Centers for Disease Control and Prevention (CDC) has described the Delta variant of the coronavirus as being as transmissible as chickenpox and cautioned it could cause severe disease, the Washington Post said, citing an internal CDC document. The …
POSTED JULY 30, 2021 11:22 AM |
UK’s Managing General Agents’ Association (MGAA) Expands to Republic of Ireland
The UK’s Managing General Agents’ Association (MGAA) has expanded its membership into the Republic of Ireland (ROI) following an initiative driven by Chief Executive Mike Keating. The move to enable MGAs, insurers and suppliers to join the association is designed …
POSTED JULY 30, 2021 10:27 AM |
Occam Underwriting Promotes Fisher to CEO, Succeeding Gibbins Who Becomes Chair
Occam Underwriting, the specialist lines-focused managing general agent, has announced the promotion of Chief Financial Officer Mark Fisher to chief executive officer, subject to regulatory approval. The previous CEO, Lance Gibbins, will continue to serve the company as chair. Fisher …
POSTED JULY 30, 2021 9:27 AM |
‘Talent War’ Forces Companies Across Globe to Pay Higher Salaries to Woo Workers
The COVID-19 pandemic has worsened a shortage of white-collar workers in many countries, forcing companies to pay higher salaries to woo talent, a top London-based recruiter said on Tuesday [July 27]. Robert Walters – which specializes in the likes of …
POSTED JULY 30, 2021 9:09 AM |
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