Monthly Archives: <span>April 2020</span>

Next Up, Locusts? Maine Had Five Potential Disasters in a Week

A third of the state lost power because of a freak snowstorm and a powerful windstorm as residents were locked down because of the pandemic. Rivers swelled because of heavy rain. Then an explosion ripped through a paper mill. It …

Massachusetts’ Miniter Group Hires Adams as VP of Operations and Tracking

Miniter Group has hired Kelly Adams as the vice president of Operations and Tracking. Adams will be responsible for the overall management of Miniter’s Borrower-Centric insurance tracking operations in this role. Before joining Miniter Group, Adams had 20 years of …

Equifax to Pay $18M Over Data Breach Affecting Nearly Three Million Mass. Residents

One of the largest consumer credit reporting agencies in the country has agreed to pay $18.2 million and undertake significant injunctive relief following a massive data breach in 2017 that compromised the personal information of nearly three million Massachusetts residents, …

Employers May Exclude Payroll to Employees Not Working for Workers’ Comp: NCCI

Businesses that have suspended operations due to COVID-19 but continue to pay employees who are at home but not working will not have to include the payroll paid to these employees in the calculation of their workers’ compensation premium. The …

Lloyd’s Gathers Business Interruption Data for UK Regulator

Lloyd’s of London is collating details of insurers’ business interruption coverage for the Prudential Regulation Authority and is in discussions about a government backstop to cover future pandemics, it said in a letter seen by Reuters. It asked its members …

Amazon Extends French Warehouse Closures on COVID-19 Safety Dispute with Workers

Amazon will keep its six warehouses in France closed until at least April 22 after a stand-off with unions over sanitary conditions amid the coronavirus outbreak, it said on Sunday. The Seattle-based e-commerce giant has been under scrutiny over its …

Notre Dame Restoration Halted by France’s Coronavirus Lockdown

Notre Dame Cathedral stands crippled and alone, locked in a dangerous web of warped scaffolding one year after a cataclysmic fire gutted its interior, toppled its famous spire and horrified the world. Some of the 40,000 metal bars — erected …

CyberCube Releases New Edition of Cyber Accumulation Model

CyberCube, the cyber analytics provider for the insurance industry, has released an updated version of Portfolio Manager, the cyber risk modeling platform. Portfolio Manager allows insurers to stress test re/insurance portfolios against a range of systemic cyber-related scenarios, including data …

Pandemic Crisis Story: Moving 1000-Plus Employees in 7 Countries in Just 2 Weeks

Amit Tiwari, chief operating officer at Xceedance, the Boston-based insurance consulting, managed services, and insurtech company, explains the challenges of enabling business continuity plans in the face of a global pandemic and moving an international workforce of well over a …

Mississippi Disaster Declaration Approved for Easter Storms

President Donald Trump has approved a disaster declaration for Mississippi for strong storms that struck the state on Sunday, April 12, including several tornadoes. The storms swept through several states from Texas to Maryland on Sunday and Monday, killing at …