News

Indiana Insurance Commissioner Directs Grace Period for Residents Hit by Storms

Indiana Department of Insurance Commissioner Amy L. Beard issued a bulletin directing insurance companies to implement a 60-day cancellation moratorium for any policyholder directly affected by the recent weather events in Allen, Benton, Cass, Clinton, Howard, Johnson, Morgan, Owen, Sullivan, …

Arthur J. Gallagher & Co. Acquires Nebraska’s Quality First Insurance

Arthur J. Gallagher & Co. announced the acquisition of La Vista, Nebraska-based Quality First Insurance, LLC. Terms of the transaction were not disclosed. Quality First Insurance is an insurance agency serving health care and senior living facilities in Nebraska and …

Cowbell Cyber Launches UK Operations, With Hughes From CFC Named General Mgr.

Cowbell, the Pleasanton, Calif.-based provider of cyber insurance for small-and-medium-sized enterprises (SMEs), has launched its UK operations and appointed cyber insurance expert Simon Hughes as general manager for Cowbell UK. Hughes joins Cowbell with a blend of experience across the …

People Moves: California Insurance Commissioner Names Pierce and Chick to CIGA Board

California Insurance Commissioner Ricardo Lara has made two appointments to the California Insurance Guarantee Association Board of Governors. Both join the CIGA board in a member insurer seat with terms ending on December 31. Heather Pierce is assistant vice president …

Alaska Oil Project Construction Allowed as Lawsuits Play out

Construction can proceed related to a major oil project on Alaska’s petroleum-rich North Slope after a federal judge on Monday rejected requests to halt work until challenges to the Biden administration’s recent approval are resolved. The decision means ConocoPhillips Alaska …

Markets/Coverages: Applied Home National Underwriters Created; Marsh Launches ‘Cyber Pathway’; Everspan, Aurenity Partner on Casualty Buffer

Applied Underwriters Introduces Applied Home National Underwriters Applied Underwriters said it has created Applied Home National Underwriters (“Home National”) to consolidate the company’s presence in select homeowners markets and expand the number and scope of its diversified homeowners programs. Newly …

TikTok’s Chinese Ownership, Security Concerns Spark Bans Across Nations

The Biden administration has demanded that TikTok’s Chinese owners divest their stakes in the popular video app or face a possible U.S. ban, the company told Reuters this week. The move follows the introduction of a new U.S. legislation that …

New Images From Inside Fukushima Nuclear Reactor Spark Safety Concerns

Images captured by a robotic probe inside one of the three melted reactors at Japan’s wrecked Fukushima nuclear power plant showed exposed steel bars in the main supporting structure and parts of its thick external concrete wall missing, triggering concerns …

Australia Is Inadvertently Inviting Cyber Crimewave, Data Theft Victim Service Warns

An Australian government-backed service for victims of identity theft blasted a plan to toughen privacy laws amid an explosion of online data theft, saying it would spur compromised companies to pay ransom and invite more hacking. IDCare, a non-profit that …

Ignited by Pandemic Changes, Insurers Embraced Innovation

The pandemic kickstarted the new wave of accepting and using innovative systems and methods in the insurance industry. It opened eyes to the ways that innovations and technology could do more than just efficiently get the work done. While the …

News Archives by Month