When a cyber security breach hits the news, those most closely involved often have incentive to play up the sophistication of the attack. If hackers are portrayed as well-funded geniuses, victims look less vulnerable, security firms can flog their products …
An El Nino may develop by June, according to Australia’s state forecaster, which upgraded its outlook for the weather-altering pattern to Alert. Ocean temperatures in the tropical Pacific Ocean continue to be warmer-than-average, trade winds remain weaker-than- average and all …
The significant premium growth in the global takaful sector is expected to continue and reach USD$20 billion by 2017, with the majority of that increase originating from Malaysia and Saudi Arabia, according to a new A.M. Best special report. The …
Bermuda-based Ironshore Inc. announced that its Global Property Energy division will increase its capacity limits from $25 million to up to $35 million, effective April 2015. Ironshore said the increase would “be available for all classes of business within the …
Alabama’s Auburn University aviation center plans to offer courses about how to fly drones. The school said last week it has received federal approval to operate a new Unmanned Aircraft Systems Flight School as part of its aviation center. Auburn …
A jury has found Cantonment, Fla., insurance agent Randall Petersen guilty of racketeering and money laundering. An investigation by the Department of Financial Services’ Division of Insurance Fraud revealed that Petersen conspired with others during 2010 and 2011 using the …
Gastonia may have to tap into its savings account to pay for skyrocketing workers’ compensation claims. The Gaston Gazette reports that the city has nearly spent all of its $538,000 for claims and may end up eating through $300,000 in …
The Crichton Group, an independent insurance agency in Middle Tennessee, has added five new employees to its team: Beth McKay, has been named new benefits administration supervisor; Jeff Corvin, has been named account manager in the construction unit; Debbie Pardue, …
Stan Loar, chairman of Woodruff-Sawyer & Co. in San Francisco, Calif. was sworn in as chair of the World Federation of Insurance Intermediaries. WFII promotes the role of insurance intermediaries in today’s economy and represents insurance agents and brokers from …
Oklahoma drivers could be pulled over and ticketed for texting while driving under a bill passed overwhelmingly in the state Senate. The Senate voted 38-6 for the HB 1965, which now returns to the House for consideration. The bill makes …
