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Cyber Breaches Permanently Hit Share Prices, Especially Financials: Study

Cyber security breaches erode companies’ share prices permanently, with financials the worst hit, a study issued by IT consultant CGI and Oxford Economics has found. Severe cyber security breaches, such as those having legal or regulatory consequences, involve the loss …

Costly Business Disruptor: Aging U.S. Infrastructure

When a train jumped the tracks this past week at New York’s Penn Station, the seemingly minor accident led to a cascade of exasperating delays for hundreds of thousands of commuters. When a flood forced authorities to condemn a one-lane, …

Industry’s International Diversity & Inclusion Festival to Be Held Sept. 26-28

The insurance industry’s third annual diversity and inclusion festival, called Dive In, will be held Sept. 26-28 at events across the globe. Marsh, Willis Towers Watson, XL Catlin and Aon are continuing their year-on-year support of the festival and will …

Alabama Authorities Investigate 40 Fires Set Over 8 Months

Authorities are investigating a series of fires in the City of Birmingham, Alabama, set from September 2016 to present. The Bureau of Alcohol, Tobacco, Firearms and Explosives has released a statement seeking information on 40 fires in the Ensley and …

Dead Bat Found in Fresh Express Packaged Salad in Florida

A recall has been issued after two people in Florida found a dead bat in the packaged salad they were eating. The Miami Herald reports that Fresh Express has recalled its Organic Marketside Spring Mix, which was shipped to Wal-Mart …

USI Acquires North Carolina’s Cameron M. Harris & Co.

USI Insurance Services has acquired Cameron M. Harris & Company, an insurance brokerage firm in North Carolina. Cameron M. Harris & Company and its employees will remain at the current Charlotte location. Terms of the transaction were not disclosed. Founded …

Mississippi City Builds New Water Tower to Improve Fire Rating

Officials say a new water tower will result in lower property insurance rates in a recently annexed area of Tupelo, Miss. The Northeast Mississippi Daily Journal reports the $1.2 million water tower began operations last week. Tupelo Water & Light …

California Workers’ Comp Board Submits Lower Filing than Industry Average

The Workers’ Compensation Insurance Rating Bureau on Tuesday submitted a July 1 Pure Premium Rate Filing to the California Department of Insurance proposing advisory pure premium rates that average $2.02 per $100 of payroll. The move follows a vote by …

Report: Claims from Workers in California’s Sierras Involve Only 4 Industries

More than half of all claims from workers living in California’s Sierras involve only four industries, according to a report out today from the California Workers’ Compensation Institute. The CWCI’s California Workers’ Comp Regional Score Card examines the claims experience …

Midwest Health Plan Sues Feds for Back ACA Payments

Sanford Health Plan, which serves South Dakota, North Dakota and Iowa, is suing the federal government, saying it owes nearly $9 million in payments under a program included in the Affordable Care Act. The Argus Leader reports the program, which …

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