Three homes were destroyed in heavy rains and flooding last week, the Honolulu Department of Emergency reported. The department collected data that showed a total of 82 homes in the state were impacted by the severe weather, Hawaii News Now …
The New Mexico state Legislature has passed a bill aimed at reducing the rehiring of abusive teachers and addressing the rising costs of child-abuse-related settlements. The Senate passed the bill 37-0 on late last week, in the last 24 hours …
The Danish Red Cross is offering the world’s first catastrophe bond for volcanic eruptions, which is designed to improve the provision and efficiency of humanitarian relief after eruptions of 10 volcanoes across three continents. The cat bond aims to raise …
Maryland Insurance Commissioner Kathleen A. Birrane has named Gregory M. Derwart as deputy commissioner of the Maryland Insurance Administration. Since July 2020, Derwart has served as chief of staff for the administration, acting as a strategic advisor to Birrane, directing …
The Hartford today announced that its board of directors has unanimously rejected rival insurer Chubb’s unsolicited proposal to acquire The Hartford for $23.24 billion. The Hartford said its board determined that entering into discussions regarding a strategic transaction “would not …
The New York Department of Financial Services’ (DFS) second enforcement action to date under its cybersecurity regulation underscores the importance of promptly investigating potential cybersecurity events. It also raises questions about whether insurance coverage would be available for amounts paid …
A split decision by the New Hampshire Supreme Court released Friday offers a lesson to insurance agents about the importance of checklists. Three justices overruled two dissenters to affirm a Superior Court jury’s verdict that Foy Insurance Group was negligent …
AstraZeneca may have released outdated information on its latest COVID-19 vaccine trial, giving an “incomplete” picture of its efficacy, a leading U.S. health agency said on Tuesday, casting doubt on the shot’s potential U.S. rollout and plunging its developers, once …
TOKYO – Japanese insurer Tokio Marine Holdings Inc said on Tuesday it currently expects no material impact on its results for the fiscal year starting next month as a result of its exposure to the fallout of Greensill Capital’s collapse. …
A Swiss cyber-security firm says it has accessed servers used by a hacking group tied to the SolarWinds breach, revealing details about who the attackers targeted and how they carried out their operation. The firm, PRODAFT, also said the hackers …
