National News

Firms Using Connected Devices Not Worried About Increased Cyber Risk: Survey

Business that use artificial intelligence, drones, robotics, wearable sensors or other connective technologies can increase their chance of being a cyber attack victim because these technologies give cyber criminals new access points into a company’s IT infrastructure if not properly …

50 Million Facebook Accounts Exposed to Takeover in Huge Breach

Facebook Inc. said on Friday that hackers stole digital login codes allowing them to take over nearly 50 million user accounts in its worst security breach ever given the unprecedented level of potential access, adding to what has been a …

New Munich Re Cyber Reinsurance Product Designed for Small, Mid-Sized Businesses

Munich Reinsurance America, Inc. (Munich Re) has launched a cyber reinsurance product for regional property/casualty insurance carriers seeking to provide this coverage and associated services to their small and medium-size enterprise (SME) clients. According to Annamaria Landaverde, vice president and …

Everest Insurance Names Presidents of Risk Management Group, Specialty Underwriters

Everest Insurance announced that Mike Karmilowicz has been promoted to president of Everest Specialty Underwriters and Dave Sandler has been promoted to president of its Risk Management Group. Karmilowicz joined Everest Insurance in 2015 from Zurich. He previously also worked …

Insurance Pros’ Guide to How to Dress, Behave, Speak at InsureTech Conference

It’s billed as the “world’s largest gathering of insurance leaders and innovators.” So, of course, as an insurance leader and/or innovator you will be one of the 6,000 attendees at the ITC—the InsureTech Connect Conference at MGM Grand in Las …

Puerto Rico’s Small Businesses Were Underinsured for Maria Damages

Only a tiny fraction of small businesses in Puerto Rico was fully insured for losses arising from last year’s Hurricane Maria, which hit revenue or raised costs for more than three-quarters of them, according to a Federal Reserve report on …

Drone Hobbyists May Soon Lose Their Freedom from Regulation

The Wild West days of unregulated recreational drones may be nearing an end. A bill close to passage in Congress would repeal the current exemption for hobbyists from regulations and for the first time require them to take a test …

The Hidden Truth About MoviePass

MoviePass. Consumers love it, consumers hate it. Savior of the movie theater, destroyer of the movie theater. It’s one of the most hotly-debated companies of the past five years, particularly as industry analysts try to dissect the business – as …

What States Have Done, and Not Done, About Guns

Shortly after last year’s shooting massacre on the Las Vegas strip, Ohio Gov. John Kasich convened a panel to explore possible reforms to state gun laws. A Republican, Kasich wanted to be sure its members clearly supported the Second Amendment. …

Businesses Should Prepare for Consequences of Climate Change, Zurich Says

Businesses should prepare for the physical consequences of a warming planet, according to a new report out from Zurich Insurance Group. The report, “Managing the impacts of climate change: risk management responses,” was published at the start of Climate Week …

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