New York Regulator Issues Guidance for Insurers Writing Cyber Policies in the State February 4, 2021 By Elizabeth Blosfield The New York State Department of Financial Services (DFS) has issued new guidance spelling out best practices for New York-regulated...
Construction Worker Killed in New Jersey When Excavator Goes Into Waterway February 4, 2021 A construction worker was killed when the excavator he was operating fell into a waterway, leaving him trapped him inside...
Massachusetts Solar Farm Ordered to Pay $1M for Polluting Wetlands, River February 4, 2021 Owners of a solar energy farm in Massachusetts have reached a settlement with the state’s attorney general’s office to remediate...
Allstate Reports Net Income Rose 52% for Q4 February 4, 2021 Insurer Allstate reported improved auto underwriting results and strong investment returns for the fourth quarter 2020. Net income was up...
McKinsey to Pay $573 Million to States to Settle Opioid Claims February 4, 2021 By Nate Raymond Consulting firm McKinsey & Co. has agreed to pay at least $573 million to resolve claims by 40-plus U.S. states...
Commercial Insurance Prices Rose 22% in Q4, but Some Lines Began to Plateau: Marsh February 4, 2021 Global commercial insurance prices increased 22% in the fourth quarter of 2020, according to the Global Insurance Market Index released...
RMS Updates Cyber Application Offerings, Targets ‘Silent’ Cyber Risks February 4, 2021 Catastrophe modeler RMS has made updates to its cyber offerings to target emerging cyber risks. Among the updates is the...
Fed Survey Shows Most Small Businesses Lost Sales Due to Pandemic February 4, 2021 By Jonnelle Marte The vast majority of U.S. small businesses took a hit to their revenue last year because of the coronavirus pandemic,...
Bayer Strikes $2 Billion Deal to Resolve Future Roundup Cancer Claims February 4, 2021 By Tom Hals Bayer AG struck a $2 billion deal to resolve a class action of future claims relating to allegations that its...
Newfront Insurance in California Adds Relation’s Chenu February 4, 2021 San Francisco, Calif.-based Newfront Insurance has named Jeff Chenu a principal and commercial insurance broker. Chenu is based in Sacramento,...