Monthly Archives: <span>July 2021</span>

New Study of Independent Agents Reveals Real World Methods Applied to Achieve Breakthrough Success

Whitepaper details surprising statistics on success measures including close ratios based on national interviews conducted with agents GREENSBORO, NC—July 7, 2021— A new study of independent agents reveals real-world methods applied to achieve breakthrough success. The whitepaper details surprising statistics …

Cyber Insurance Industry in Crosshairs of Ransomware Criminals

In the past few weeks, ransomware criminals claimed as trophies at least three North American insurance brokerages that offer policies to help others survive the very network-paralyzing, data-pilfering extortion attacks they themselves apparently suffered. Cybercriminals who hack into corporate and …

XINSURANCE OFFERS SPACE INSURANCE TO JEFF BEZOS AND BLUE ORIGIN PASSENGERS

Salt Lake City, June 29, 2021 – XINSURANCE – a leading nationwide specialty lines liability insurance company – today offered to insure Jeff Bezos and his five Blue Origin passengers during the upcoming high-profile rocket flight in July. “Like Bezos, …

Marilyn Monroe Is Still a Counterfeiter’s Best Friend

Nearly six decades after her death, Marilyn Monroe is still a popular choice for mugs, T-shirts, jewelry and other products using her name — even illegally. Authentic Brands Group LLC, which owns the rights to the late movie star’s name …

Kaysea Ransomware Attack Caused ‘Minimal Damage’ to U.S. Firms, Biden Says

President Joe Biden said on Tuesday the ransomware attack centered on the Florida information technology firm Kaseya seems to have inflicted only “minimal damage” on American businesses. “It appears to have caused minimal damage to U.S. businesses, but we’re still …

California’s Coming Wildfire Season Points to Potential Non-Renewals Ahead for Homeowners

By all accounts the California wildfire season continues to shape up to be a bad one, and another catastrophe modeling firm has reported sales of their products picking up due in part to carriers and reinsurers looking for more ways …

Texas Windstorm Insurance Rates Deemed Inadequate

The Texas Windstorm Insurance Association has posted its 2021 Rate Adequacy Analysis for public review. The analysis indicates that TWIA’s current rates are inadequate by 39% for residential coverage and 46% for commercial coverage. TWIA’s analysis consists of several PDF …

New Mexico City Settling Ex-Officers’ Suit over Race-Based Enforcement

Hobbs, N.M., will pay a $1.4 million settlement to three former police officers whose whistleblower lawsuit alleged they were subjected to racist language and directed to target minority neighborhoods. The 2017 lawsuit filed former officers Brandon Ellis, Vasshawn Robinson and …

Hub Acquires Assets of Oregon-Based Ward Insurance Agency

Hub International Ltd. has acquired the assets of Ward Insurance Agency Inc. in Oregon. Terms of the deal were not disclosed. Erik Finrow, president of Ward Insurance, will join as executive vice president of Hub Northwest. The Ward Insurance team …

Update: Tropical Storm Elsa Moving Up Florida’s West Coast; Other States in Path

Tropical Storm Elsa is moving northward along the west coast of Florida, bringing heavy rains and winds, the National Hurricane Center reports. At 5 a.m. Wednesday morning, Elsa was reported to be about 70 miles west northwest of Tampa, with …