Monthly Archives: <span>April 2019</span>

When Cyber Attack Hit Norsk Hydro, It Was Already Handling a Major Upheaval: RMS

When Norsk Hydro, one of the world’s largest aluminum producers, was hit by a major cyber attack in the early hours of March 19, it was already undergoing a major upheaval: just the day before the attack, the company’s long-standing …

Wyoming’s Opioid-Related Deaths Low, But Still A Concern

Opioid abuse and related deaths in Wyoming have not reached the crisis levels of some other states, but remain a serious concern. The Wyoming Tribune Eagle reported a 2018 lawsuit filed by Wyoming against Purdue Pharma, the maker of OxyContin, …

Report Ranks California Top of Nation’s in Dog-Related Injury Claims

A report from carrier State Farm shows it paid $123 million dollars for 3,280 dog bite and injury claims, last year, a decrease of 9 percent compared with the number of dog bite claims in 2017 and a decrease of …

Insurers Oppose Premium Tax to Fund Washington’s Wildfire Prevention

Lobbyists for the property/casualty insurance industry are trying to prevent a $125 million jump in the state of Washington’s insurance premium tax that would fund wildfire prevention and suppression. The tax would affect home, auto and business insurance in an …

Axa XL Expands Inland Marine Coverage with Contractor’s Equipment Offering

Axa XL’s North America marine insurance business is expanding its inland marine business with a new contractor’s equipment product with a number of new coverages. “Contractor’s need a wider variety of equipment to get the job done than before,” according …

Liberty Mutual Names Edem as Chief of Staff for Global Risk Solutions

Liberty Mutual has appointed Janelle Edem to be chief of staff for its Global Risk Solutions (GRS) commercial and specialty lines (re)insurer that provides traditional insurance, specialty and reinsurance to businesses globally. Most recently, Edem served as general manager, UPS …

Criminal Charges Filed Against 25 in Western Pennsylvania Insurance Fraud Sweep

Criminal charges have been filed against 25 individuals in Western Pennsylvania following investigations by the Attorney General’s Insurance Fraud Section. The charges are the result of a sweep conducted by the Insurance Fraud Section’s Western Regional Office during the months …

Fiat Chrysler to Settle U.S. Investor Claim Over Diesel, Safety Issues for $110 Million

Italian-American automaker Fiat Chrysler Automobiles NV has agreed to pay $110 million to settle a lawsuit alleging it misled U.S. investors over excess diesel emissions and failed to comply with federal safety regulations, court records show. The company said in …

Bedbugs Join Dogs, Deer, Birds, Cats in Keeping Insurance Claims Folks Up at Night

Dogs remain the undisputed champions at generating insurance claims, while deer, birds and cats are contributing their share of mayhem as well. But according to a review of 470,000 insurance claims over five years by Allianz Global & Specialty, bedbugs …

Redmer Reappointed for Another Term as Maryland Insurance Commissioner

The Maryland Insurance Administration has announced that the Maryland State Senate voted to confirm Al Redmer Jr. for another term as Maryland’s Insurance Commissioner, where he will oversee the independent agency’s 266 employees and an annual budget of $31 million. …