Monthly Archives: <span>July 2023</span>

Law Firm Must Name Clients Affected by 2020 Cyberattack, Judge Says

Covington & Burling must identify some clients caught up in a 2020 hack on the law firm to the U.S. Securities and Exchange Commission, a federal judge in Washington ruled on Monday in a case that could impact future cyberattack …

Litigation Financing: A Dangerous Game or Levels the Courtroom Playing Field?

In insurance defense attorney Dennis Kass’ world, litigation financing firms lurk behind the scenes, pushing plaintiffs to undergo as much treatment as possible so lawyers can maximize the value of claims. “In a lot of ways, the plaintiffs become pawns …

Nearly 30 Ships Drop Anchor Near Ukraine’s Crucial Izmail Port After Russian Air Strikes

Almost 30 ships dropped anchor near Ukraine’s crucial Izmail port terminal after Russia destroyed grain warehouses on the Danube River on Monday, data showed, although it was unclear exactly what had caused them to stop. Monday’s pre-dawn Russian air strikes …

People Moves: Germano Named DUAL Casualty Leader; Shaw Joins Axis to Help Lead Specialty Programs; Victor Appoints Cashman President of ICAT

DUAL North America announced Connie Germano as its chief casualty officer. Germano’s appointment comes as DUAL continues to expand its reach and capabilities in the market. Germano will be responsible for overseeing DUAL’s commercial casualty and financial lines divisions. Having …

Wesco Settles Coverage Dispute Over $36 Million IRA Financial Cyber Attack

Wesco Insurance, a part of AmTrust, has agreed to settle its dispute with a financial firm that lost millions in retirees’ money in a well publicized 2022 cyber attack. The settlement notice, filed in federal court in Miami, did not …

PointeNorth Group Acquires Cooper Agency in Georgia

PointeNorth Insurance Group, one of the largest locally owned agencies in the Southeast, has acquired Cooper Insurance & Associates in McDonough, Georgia, the company announced. Cooper, founded in 1988, offers liability, physical damage, cargo, workers’ compensation and general liability insurance …

One Year Old, US Climate Law is Turbocharging Clean Energy, Raising Issues for Insurers

On a recent day under the July sun, three men heaved solar panels onto the roof of a roomy, two-story house near the banks of the Kentucky River, a few miles upstream from the state capitol where lawmakers have promoted …

OSHA Fines Boston’s Dumpling Maker Chinese Spaghetti Factory $190K

When federal workplace safety inspectors returned to a Boston food plant in March 2023, they said they discovered the plant’s operator — Chinese Spaghetti Factory Inc. — still had not installed required safety guards on a dumpling machine’s rotating shafts, …

Barring Change, Allstate May Exit California Property Market Completely

The topic of a recent California insurance department workshop was the potential use of catastrophe modeling in ratemaking, but carrier representatives and consumers took the opportunity to air concerns about other problems in the state’s insurance market. The state’s growing …

Brown & Brown to Acquire Wholesale Broker New England Excess Exchange

Florida-based global insurance broker Brown & Brown, Inc. has agreed to acquire Vermont-based wholesale broker New England Excess Exchange (NEEE). The acquisition will be through Bridge Specialty Group, the wholesale insurance division of Brown & Brown with more than 25 …