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| Today's Headlines | June 17, 2022 |
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This year marks the 25th anniversary of the cyber insurance market. While many industry observers view cyber coverage as a surging phenomenon in response to escalating incidence of random attacks, the first cyber policy was envisioned and crafted in 1997 to address a then perceived risk identified by financial regulators. The journey of cyber insurance... read more | | |
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The attorney who filed the first U.S. lawsuit seeking insurance coverage for a business shut down because of coronavirus won the first policyholder victory in a state or federal appellate court that interpreted the meaning of "direct physical loss or damage." The Louisiana 4th Circuit Court of Appeals on Wednesday reversed a trial court decision... read more | | |
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Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. In a complaint filed in federal court in Manhattan, plaintiff Keith Johnson accused Musk, electric car company Tesla Inc. and space tourism company SpaceX of racketeering for touting Dogecoin and... read more | | |
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The winners of the seventh annual Innovation in Insurance Awards excelled in customer focus, creative applications of artificial intelligence (AI) and automation as well as sustainability, according to the awards' sponsors, Efma and Accenture. The global awards program, which recognizes the best new innovative ideas and projects in insurance, attracted 398 entries from 251 institutions... read more | | |
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Nasdaq Inc. is pushing back against the U.S. Securities and Exchange Commission's plans to make publicly traded companies reveal detailed information about their greenhouse gas pollution. The stock-exchange operator urged the SEC to shelve its plans to require businesses to outline risks that a warming planet poses to operations in registration statements, annual reports or... read more | | |
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A pistol made by Sig Sauer and sold to law enforcement and civilians alike is prone to going off without the trigger being pulled, a defect that has led to dozens of injuries over the past several years, a U.S. Army veteran alleges in a lawsuit filed Tuesday. The veteran said his holstered Sig Sauer... read more | | |
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Ascot has promoted Elizabeth Johnson to chief operating officer, North America Insurance. Johnson joined Ascot in September 2020 as chief underwriting officer, North America. Prior to that, she was managing director at Nationwide after almost two decades at AIG, where she held a number of senior underwriting and management roles, including head of Excess Casualty,... read more | | |
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| | Based upon Utica First's own implementation experience, VP of Operations, ... read more | |
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| | Utica First Insurance transformed agency engagement with innovative ... read more | |
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| | According to the FBI, the insurance industry loses $40 billion per year to ... read more | |
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| | As the world has turned digital, technological business solutions continue ... read more | |
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| | A clunky and inefficient claims process leads to unhappy customers. Is it your ... read more | |
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