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Archive: June 2025

Erie Insurance Still Working to Restore Systems After Outage
Insurance Journal | June 10, 2025
Erie Insurance Still Working to Restore Systems After Outage
Pennsylvania-based Erie Insurance is still working to restore systems following a network outage that it revealed on Sunday. “A network outage impacting Erie systems continues. All available resources are working to restore access as soon as possible,” the company reported …
States Recover $19 Million in Commission Overcharges From Brokers
Insurance Journal | June 10, 2025
States Recover $19 Million in Commission Overcharges From Brokers
Five large brokerage firms must reimburse customers $19 million as the result of a nationwide crackdown by state securities regulators on what they say are commission overcharges on small-dollar transactions, according to Massachusetts Secretary of State William F. Galvin whose …
After 46-Day Cyberattack Pause, British Retailer M&S Resumes Online Orders
Insurance Journal | June 10, 2025
After 46-Day Cyberattack Pause, British Retailer M&S Resumes Online Orders
British retailer Marks & Spencer resumed taking online orders for clothing lines on Tuesday after a 46-day hiatus following a cyberattack. Shares in M&S, one of the best-known names in British business, were up 3.5% after it restarted standard home …
SEC Plan Says Existing Staff Cuts Help Meet DOGE Targets
Insurance Journal | June 10, 2025
SEC Plan Says Existing Staff Cuts Help Meet DOGE Targets
Wall Street’s top regulator told the White House in March it had already made substantial progress toward meeting President Trump and Elon Musk’s demands for leaner government via voluntary workforce reductions, according to a planning document obtained by Reuters. The …
Whole Foods Supplier United Natural Foods Says Cyber Incident Disrupted Operations
Insurance Journal | June 10, 2025
Whole Foods Supplier United Natural Foods Says Cyber Incident Disrupted Operations
United Natural Foods Inc., one of the largest U.S. grocery distributors whose clients include Whole Foods, took certain systems offline in recent days after the discovery of unauthorized activity on internal networks, the company said on Monday. A Whole Foods …
Ryan Specialty Underwriting Managers Forms International Renewable Energy MGU
Insurance Journal | June 10, 2025
Ryan Specialty Underwriting Managers Forms International Renewable Energy MGU
Ryan Specialty Underwriting Managers (RSUM), the specialty underwriting segment of Ryan Specialty, has launched Ryan Specialty Renewables, an international renewable energy managing general underwriter. The MGU is formed from the unification of existing company brands: PERse Americas, PERse International, de …
New Push to Reframe DEI in London Shifts Away from Diversity
Insurance Journal | June 10, 2025
New Push to Reframe DEI in London Shifts Away from Diversity
A new study aims to reframe the global debate surrounding diversity, equity and inclusion in the City of London by focusing less on demographics and more on hiring people with diverse experiences. The report, published on Monday by the Diversity …
UK Judge Warns of Risk to Justice After Lawyers Cited Fake AI-Generated Court Cases
Insurance Journal | June 10, 2025
UK Judge Warns of Risk to Justice After Lawyers Cited Fake AI-Generated Court Cases
Lawyers have cited fake cases generated by artificial intelligence in court proceedings in England, a judge has said — warning that attorneys could be prosecuted if they don’t check the accuracy of their research. High Court justice Victoria Sharp said …
USI Mid-Year Update: Ongoing Trends to Continue
Insurance Journal | June 10, 2025
USI Mid-Year Update: Ongoing Trends to Continue
Mid-year insurance industry assessments indicate that the ongoing trends of the last six months are likely to persist through the end of the year, even if the conditions in question are defined as unstable or unpredictable. The new USI report, …
Fitch Warns of Rising Mortgage-Bond Risk Due to Extreme Weather
Insurance Journal | June 10, 2025
Fitch Warns of Rising Mortgage-Bond Risk Due to Extreme Weather
For analysts at Fitch Ratings, the recent demolition of a Swiss village by a glacier is fresh proof that climate change is altering the laws of mortgage risk. The world looked on in shock last month as 3 million cubic …