National News

The Target Markets, The Institutes Launch Program Business Professional Designation

The Target Markets Program Administrators Association (TMPAA) and The Institutes Knowledge Group created a new credential for program insurance professionals, the Program Business Professional (PBP) designation. The PBP designation is set to officially launch in May at the upcoming TMPAA …

People Moves: Lockton Taps Marsh’s Gill to Build Technology Specialty Practice

Lockton Taps Marsh’s Gill to Build Technology Specialty Practice Lockton, the independent insurance broker, announced that Manpreet “Preet” Gill is joining the firm’s technology specialty to build and grow a practice focused on developing creative solutions to address a variety …

Subaru to Recall More Than 118,000 Vehicles in US: NHTSA

Subaru of America is recalling 118,723 SUVs and sedans in the U.S. over an issue which prevents air bags from deploying in a crash, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday. The recall covers certain Outback and …

FBI: Alaska Airlines Passengers Told They Might Be Crime Victims

The FBI has told passengers on the Alaska Airlines Boeing 737 Max that lost a door-plug panel in midflight that they might be victims of a crime. “I’m contacting you because we have identified you as a possible victim of …

Clorox Audit Revealed Cybersecurity Flaws at Its Plants in 2020

A few years before a 2023 cyberattack disrupted manufacturing at one of the largest US producers of disinfectants ahead of flu season, an audit warned of systemic cybersecurity flaws within the company’s production systems. Among the shortcomings highlighted by the …

SEC Ramps Up Massive-Hack Probe With Focus on Tech, Telecom Companies

The US Securities and Exchange Commission is asking tech and telecom companies how they handled the sprawling 2020 SolarWinds cyberattack, and drawing fire from the cybersecurity industry and big business for what they call overreach. The SEC, which sought the …

Participate in the Annual Young Agents Opinion Survey: Last Call

Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? Insurance Journal is searching for young insurance agents to participate in this year’s Young Insurance Agents Opinion Survey. Tell us what you …

Viewpoint: The Impact of Climate-Driven Risk Reassessments on the Housing Market

One of the most pressing challenges facing insurance professionals today is the escalating impact of extreme weather events in traditionally disaster-prone areas. Last year alone, the U.S. witnessed a staggering $92.9 billion in weather-related damages, making it a record-breaking year …

The New Norm? Global Insured Losses for Nat Cats Keep Breaking Records: Swiss Re

Global insured losses from natural catastrophes in 2023 exceeded US$100 billion for the fourth consecutive year – an indication of the new norm for nat cat losses, according to Swiss Re. Other record-breaking numbers for 2023 included the total of …

Mexico’s Lawsuit Against Arizona Gun Dealers Can Proceed, US Judge Rules

A U.S. judge on Monday ruled that the Mexican government could move forward with a lawsuit accusing five Arizona gun dealers of participating in the trafficking of weapons and ammunition to drug cartels across the U.S.-Mexico border. U.S. District Judge …

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