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Archive: October 2023

Stanford University Says It’s Investigating a Cyber Incident
Insurance Journal | October 30, 2023
Stanford University Says It’s Investigating a Cyber Incident
Stanford University said on Friday that it is investigating a cybersecurity incident that struck its Department of Public Safety. The university said in a statement that the breach didn’t appear to “impact police response to emergencies,” and that the affected …
Brokers Report Strong Revenues During Q3 as Favorable Trading Climate Continues
Insurance Journal | October 30, 2023
Brokers Report Strong Revenues During Q3 as Favorable Trading Climate Continues
Some of the largest insurance brokers reported strong third quarter revenues, with executives using adjectives such as “outstanding,” “excellent,” and “strong” to describe their companies’ financial performances. In a wrap-up of the brokers’ results, listed in descending order by revenue …
Marsh & McLennan Cos. Intends to Delist From London Stock Exchange
Insurance Journal | October 30, 2023
Marsh & McLennan Cos. Intends to Delist From London Stock Exchange
Marsh & McLennan Companies Inc. gave notice of its intention to delist from the London Stock Exchange. Marsh & McLennan explained the action by saying that the majority of trading in the company’s securities occurs on the New York Stock …
US Probes GM’s Cruise Robocars Over Pedestrian Close Calls
Insurance Journal | October 30, 2023
US Probes GM’s Cruise Robocars Over Pedestrian Close Calls
General Motors’ autonomous vehicle unit, Cruise, is facing multiple federal investigations over its cars’ safety, including two incidents where the robot cars appeared not to yield to pedestrians in crosswalks, according to a U.S. regulator’s letter released on Friday. Cruise …
Insurance Journal | October 30, 2023
October 30, 2023
TOPEKA, Kan. (AP) – Kansas officials are calling a massive computer outage that’s kept most of the state’s courts offline for two weeks a “security incident” and, while they had not provided an explanation as of Wednesday, experts say it …
Lawsuit Alleges Discrimination in Minneapolis Housing Code Enforcement, Targeting Communities of Color
Insurance Journal | October 30, 2023
Lawsuit Alleges Discrimination in Minneapolis Housing Code Enforcement, Targeting Communities of Color
MINNEAPOLIS (AP) – A new lawsuit accuses the city of Minneapolis of discrimination by lax housing code enforcement, especially for rental properties in a part of the city with high populations of people of color. The lawsuit was filed last …
Alera Group Acquires Michigan’s Rick Young Insurance
Insurance Journal | October 30, 2023
Alera Group Acquires Michigan’s Rick Young Insurance
Alera Group announced the acquisition of Rick Young Insurance, an insurance agency offering employee benefits services including health insurance, life insurance, Medicare and Medicaid redetermination. Rochester Hills, Michigan-based Rick Young Insurance offers personalized employee benefits services. This includes tailored health …
Biden Signs Sweeping Executive Order Regulating Artificial Intelligence
Insurance Journal | October 30, 2023
Biden Signs Sweeping Executive Order Regulating Artificial Intelligence
President Joe Biden is directing the US government to take a sweeping approach to artificial intelligence regulation, his most significant action yet to rein in an emerging technology that has sparked both concern and acclaim. The lengthy executive order, released …
CNA Returns to Black in Q3 With Net Income of $258 Million
Insurance Journal | October 30, 2023
CNA Returns to Black in Q3 With Net Income of $258 Million
CNA Financial reversed a third quarter loss of $42 million in 2022 with net income of $258 million this year on higher investment income, positive underwriting income and lower catastrophe losses. The Chicago-based insurer said the combined ratio in its …
Duke Energy Plans Green Hydrogen Project in Florida
Insurance Journal | October 30, 2023
Duke Energy Plans Green Hydrogen Project in Florida
Electric utility Duke Energy plans to build a project to create clean energy using an end-to-end system to produce, store and combust 100% green hydrogen, in Florida. The new system, a collaboration between Duke, construction management and consulting firm Sargent …