Recent warnings from the U.S. Treasury about paying ransomware demands are unlikely to substantially change how cyber insurers cover or handle such situations, according to experts. However, the advisories are likely to up the pressure on ransomware victims to make …
A Cincinnati, Ohio-area restaurant group will pay $75,000 to a former employee and implement other relief to settle a federal lawsuit alleging sexual harassment. According to the lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the male owner …
Michele Vincent’s home was largely intact in spite of hurricanes Laura and Delta. But tears streamed down her face as she looked at her church’s broken windows and shattered pews. “It’s hard to come back and see it again and …
Insurance brokerage IMA Inc. has opened its Houston office and appointed Ricky Bryan as executive vice president, director of Houston Energy. Bryan joins IMA after 15 years in leadership roles at Marsh JLT Specialty as senior vice president and as …
Appalachian Underwriters Inc. (AUI) has opened a new satellite office in Richardson, Texas, and hired Terry Holley as regional manager. Holley comes to AUI with over 25 years in the insurance industry, with former roles including senior vice president, and …
The National Transportation Safety Board said in a new report that the use of incomplete safety procedures was the probable cause of the Nov. 4, 2019, explosion of barge IB1940 in the Illinois Marine Towing Heritage Slip on the Chicago …
A 9.6 percent decrease in Oklahoma workers’ compensation insurance loss costs for 2021 has been approved by the state’s insurance commissioner. According to Commissioner Glen Mulready and the Oklahoma Insurance Department, this will mark the 10th year in a row …
The Indiana Supreme Court has ruled that Allstate must pay $25,000 in uninsured motorist benefits to the estranged husband of a woman who died while riding as a passenger in a car crash after moving back in with her parents. …
Global reinsurance broker Guy Carpenter & Co. has started a new dedicated unit to provide services to insurance carriers and managing general agencies (MGAs) operating in the program business market. The new unit, GC Access, offers a range of services …
Intact Financial Corp. is bringing together its Canadian and U.S. specialty insurance operations under a single brand: Intact Insurance Specialty Solutions. The U.S. businesses had previously operated under the OneBeacon Insurance Group and The Guarantee Company of North America brands …
