News

M5.2 Quake on Hawaii’s Big Island Felt as Far Away as Kauai

A magnitude 5.2 earthquake has hit off Hawaii’s Big Island. According to the U.S. Geological Survey, the quake hit less than 3 miles offshore of the northwest coast of the Big Island Monday. The earthquake was about 17 miles below …

Following Years of Deadly Wildfires, PG&E Again Vows to Do Better

The nation’s largest utility has long vowed to change its reckless ways, but year after year there’s more death and destruction from Northern California wildfires sparked by Pacific Gas & Electric’s equipment. CEO Patricia “Patti” Poppe, who took over in …

Tennessee Doctor Accused of Using Wrong Test to Clear Patients of COVID

Tennessee doctor used the wrong test to clear at least two patients of the coronavirus, according to discipline allegations before the Tennessee Board of Medical Examiners. Dr. Michael LaPaglia, 49, used rapid blood test kits that can detect antibodies from …

Southeastern Alabama Utility Hit By Ransomware Attack

A utility that provides power in rural southeastern Alabama said it was hit by a ransomware attack that means customers temporarily can’t access their account information. Wiregrass Electric Cooperative, which serves about 22,000 members, said no data was compromised in …

People Moves: Venerable Appoints Two; Burkhart Joins USG; Harvey Joins The Roland Grindle Agency

Venerable Appoints Two New Finance and Risk Leaders in Pennsylvania Venerable has appointed two new leaders to the company’s finance and risk organizations. Wei Kiat Teo, vice president and head of capital management based in West Chester, Pennsylvania, has joined …

InsurTech NY Opens Applications for 2021 Cohort

InsurTech NY will be accepting applications for its growth-stage InsurTech accelerator. The application window will be open from July 7 to August 2 and applications will be accepted through the InsurTech NY website. The program is designed for growth-stage companies …

Progressive Insurance Plans to Hire 6,400 New Employees By Year’s End

Progressive Insurance is embarking on a hiring spree. The insurer said it intends to hire up to 6,400 new employees across the country during the remainder of 2021. The Mayfield Village, Ohio-headquartered company with $42 billion in revenues said it …

Washington D.C. Expands Program to Increase Opportunities for Students in Finance

Washington D.C. Mayor Muriel Bowser is working alongside the district’s Department of Insurance, Securities and Banking (DISB) to increase opportunities for high school and college students to pursue careers in financial services, including insurance, by expanding DISB’s Financial Services Academy …

Ever Given Container Ship Resumes Journey from Suez, 106 Days After Getting Stuck

ISMAILIA, Egypt – The Ever Given, one of the world’s largest container ships, resumed its journey and left the Suez Canal on Wednesday, 106 days after becoming wedged across a southern section of the waterway for nearly a week and …

Leading by Example: How Insurers Can Manage Cyber Risk Within Their Own Operations

Insurers often advise clients on cyber resilience, however, many in the industry overlook their own risks or struggle to take their own advice to insureds, according to guests on this episode of The Insuring Cyber Podcast. “I’m not sure that …

News Archives by Month