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Threat of Cyber Attacks Must Be Priority for Corporate Boards: KPMG

The threat of cyber attacks must be taken more seriously by corporate boards at Britain’s largest companies, according to a survey by KPMG LLP today. Less than 40 percent of board members in the FTSE 350 Index companies said they …

Ohio’s Smith Insurance Services Partners with the Leavitt Group

Ohio-based Smith Insurance Services Inc., along with Franchise Insurance Agency Inc., has entered into a partnership with the Leavitt Group. The agency will now be doing business as Smith & Leavitt Insurance Services and will continue to exclusively offer personal …

Texas Bills Target ‘Named Driver’ Automobile Policies; Disclosure Rules Adopted

A pair of bills filed in the Texas Legislature would prohibit automobile insurers from issuing “named driver” policies in the state, but one would allow named driver exclusion under certain circumstances, HB 318 by Rep. Mark Keogh, who represents part …

Judge Trims BP Oil Spill Fine to $13.7B

BP Plc will face a maximum fine of $13.7 billion under the Clean Water Act for its Gulf of Mexico oil spill, several billion less than feared, after a judge found on Thursday the size of the spill was smaller …

Global Risk Investment May R!SE With U.N., Willis-Backed Initiative

There is opportunity in climate change. That’s the frown-upside down view being taken by at least one large insurance broker under part of a global initiative to heighten the awareness of global risk and investing opportunities. Operating under the umbrella …

New York AG to Propose Legislation to Strengthen Data Security Law

New York Attorney General Eric Schneiderman will propose legislation on Thursday that he says would make the state’s data security law the strongest in the country and require “unprecedented safeguards” for personal data. Schneiderman’s proposal seeks to broaden the scope …

Connecticut Issues Consumer Advisory on Earthquake Insurance

The U.S. Geological Service has reported a series of minor earthquakes in parts of eastern Connecticut this week, including a 2.0-magnitude earthquake Thursday morning near Plainfield, Connecticut. The Weston Observatory of Boston College says a series of small earthquakes in …

Attempts Made to Disguise Iranian Oil Near U.A.E., Say Marine Insurers

Attempts are being made near the United Arab Emirates’ coast to disguise oil from Iran so that it can be sold to countries that are blocked by the U.S. from purchasing such shipments, global ship insurers said. “In recent weeks …

Even Richer Nations Face Climate ‘Danger Zone,’ Scientists Say

With prospects of containing global warming slipping away, a team of scientists urged policymakers to redouble their efforts to rein in pollution, saying human activity risks turning even rich nations into a “danger zone.” The researchers led by Stockholm University …

Farmers Introduces Rideshare Coverage in Colorado

Farmers Insurance is introducing the company’s first rideshare coverage endorsement in Colorado. The product is designed to provide drivers with the insurance coverage specified in Colorado’s new ridesharing law. Part of the new law includes a provision requiring rideshare drivers …

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