Business Insurance - _Risk Management
|Many federal agencies not prepared to respond to cyber incidents: GAO
Many federal agencies are not fully prepared to respond to cybersecurity incidents, the U.S. General Accountability Office said in a report issued Monday.
POSTED DECEMBER 04, 2023 2:16 PM
|Prison guard's disability bias suit reinstated
A federal appeals court on Monday reinstated a disability discrimination lawsuit filed by a fired, disabled prison guard who was terminated after his employer did not agree to let him use a non-prescribed handgun.
POSTED DECEMBER 04, 2023 2:08 PM
|A twist in the war over fake handbags
A Chinese company that was carrying knockoff Marc Jacobs’ “The Tote Bag” handbags is suing the designer after the luxury brand had the cheaper versions removed from Amazon.
POSTED DECEMBER 04, 2023 1:50 PM
|Insurer sues Aon over alleged Vesttoo fraud
Clear Blue Insurance Co. and its affiliates on Thursday sued Aon PLC, alleging the brokerage exposed the insurer to hundreds of millions in losses through intellectual property insurance and reinsurance programs it established with Vesttoo Ltd.
POSTED DECEMBER 04, 2023 1:41 PM
|War risk insurance rates edge up after surge in Red Sea ship attacks
War risk insurance premiums edged up for Red Sea voyages after three vessels were attacked in the area Sunday and fears grow over worsening perils for commercial shipping, maritime and insurance sources said Monday.
POSTED DECEMBER 04, 2023 1:00 PM
News Archives - Insurance Journal
|TWIA Board of Directors to Consider 2024 Budget at Upcoming Meeting
The Texas Windstorm Insurance Association (TWIA) Board of Directors will meet next week to consider the association’s 2024 budget. The meeting, which will be held at the Corpus Christi Omni Hotel on Dec. 12 at 9:00 a.m., will also include …
POSTED DECEMBER 04, 2023 5:36 PM
|People Moves: Ryan Specialty Appoints Nash President of CorRisk Solutions; Dunne Joins AIG Board of Directors
Ryan Specialty appointed Thomas Nash as president of CorRisk Solutions, the wholesale distribution professional liability managing general underwriter, a part of Ryan Specialty Underwriting Managers. CorRisk is headquartered in Atlanta, Ga. Nash previously served as president of Kelly Underwriting Services, …
POSTED DECEMBER 04, 2023 5:08 PM
|Jury Orders Egg Suppliers to Pay $17.7M in Damages for Price Gouging in 2000s
A federal jury in Illinois ordered $17.7 million in damages – an amount tripled to more than $53 million under federal law – to several food manufacturing companies who had sued major egg producers over a conspiracy to limit the …
POSTED DECEMBER 04, 2023 4:55 PM
|Federal Judge Dismisses Lawsuit Alleging Environmental Discrimination in Louisiana Parish
NEW ORLEANS (AP) – A federal judge has thrown out a lawsuit that accused a south Louisiana parish of using land use policies to guide industries that pollute into communities with majority-Black populations. U.S. District Judge Carl Barbier of the …
POSTED DECEMBER 04, 2023 4:47 PM
|Iowa Insurance Agent Pleads Guilty to Wire Fraud
An Iowa man pleaded guilty to wire fraud for using his position as an insurance agent and annuity salesperson to defraud elderly individuals out of their retirement savings and other monies. Zachary James Flaherty, age 47, of Clive pled guilty …
POSTED DECEMBER 04, 2023 4:42 PM