An draft report examining Florida insurers’ relationships with their managing general agents fell through the cracks and was never finished, a current and a former state insurance commissioner told state lawmakers at a hearing last week. “We need to make …
Florida Report on MGAs Fell Through the Cracks, Commissioners Say Read More »
Cable outlet Newsmax Media has paid $40 million to settle allegations it defamed Smartmatic by reporting false claims that the voting machine company helped rig the 2020 U.S. election for Joe Biden over Donald Trump, according to a regulatory filing. …
Newsmax Paid $40M to Settle Defamation Suit Over 2020 Election Claims Read More »
A federal judge in Baltimore on Friday rejected the city’s effort to temporarily block the Consumer Financial Protection Bureau from emptying its reserves and returning the money to the U.S. Federal Reserve or Department of the Treasury. U.S. District Judge …
Baltimore Loses Its Bid to Block CFPB Defunding But Another Challenge Is Pending Read More »
Violent tornadoes ripped through parts of the U.S., wiping out schools and toppling semitractor-trailers in several states, part of a monster storm Friday and Saturday that has killed at least 32 people. The number of fatalities increased after the Kansas …
Multiple Deaths, Damage in South, Midwest from Winds, Tornadoes Read More »
Markel Group said early Monday that Simon Wilson is the new chief executive officer of Markel Insurance. Markel Insurance includes the company’s primary underwriting businesses of Markel Specialty, Markel International, and Markel Global Reinsurance. Wilson was president of Markel International. …
Wilson Promoted to CEO of Markel Insurance; Vice Chair Markel to Retire Read More »
Violent tornadoes ripped through parts of the U.S., wiping out schools and toppling semitractor-trailers in several states, part of a monster storm Friday and Saturday that has killed at least 32 people. The number of fatalities increased after the Kansas …
At Least 32 Dead in Massive US Storm After New Fatalities Reported Read More »
A Peruvian farmer who says German energy giant RWE’s emissions have contributed to the melting of Andean glaciers, increasing the flood risk to his home, took his case to court on Monday in a hearing that could set a precedent …
Peruvian Farmer Takes Germany’s RWE to Court in Landmark Climate Case Read More »
Cyclone Alfred will cost Australia’s March 25 budget at least A$1.2 billion [US$759 million], hit growth and put pressure on inflation, Treasurer Jim Chalmers says. In a Tuesday speech previewing the budget, Chalmers will also say that on preliminary estimates, …
Cyclone Alfred to Cost Australia’s Budget A$1.2B, Hit Growth and Increase Inflation Read More »
The FBI and the U.S. Cybersecurity and Infrastructure Security Agency are warning against a dangerous ransomware scheme. In an advisory posted earlier this week, government officials warned that a ransomware-as-a-service software called Medusa, which has launched ransomware attacks since 2021, …
Cybersecurity Officials Warn Against Potentially Costly Medusa Ransomware Attacks Read More »
As cyber insurance rates have begun to stabilize, insurance carriers are seeking more diversification to fuel their underwriting and growth strategies, according to panelists at this year’s PLUS Cyber Symposium in New York City. “They’re seeking diversification in the standard …
Diversification, Risk Modeling Top of Mind for Carriers as Cyber Market Softens Read More »
