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Category: Insurance Journal

FERMA: Appeal of Cyber Insurance May Weaken Without ‘Concerted Dialogue’
Insurance Journal | May 10, 2023
FERMA: Appeal of Cyber Insurance May Weaken Without ‘Concerted Dialogue’
The Federation of European Risk Management Associations (FERMA) said it has concerns that the cyber insurance market is “evolving in isolation from the industries which it insurers,” and is calling for more certainty regarding the long-term viability of the product. …
BIBA CEO White to Retire Before Year End
Insurance Journal | May 10, 2023
BIBA CEO White to Retire Before Year End
Steve White, the longest-serving chief executive officer in the 47-year history of the British Insurance Brokers’ Association (BIBA), has announced he is stepping down in the fall. White on May 10 told the audience at the annual BIBA Conference that …
Oakland 2nd California Diocese to Seek Bankruptcy Over Abuse
Insurance Journal | May 10, 2023
Oakland 2nd California Diocese to Seek Bankruptcy Over Abuse
The Roman Catholic Diocese of Oakland filed for bankruptcy Monday due to hundreds of new child sex abuse claims, becoming the second diocese in California to do so. The San Francisco Bay Area diocese faces more than 330 lawsuits brought …
Trump Liable for Sex Abuse, Must Pay $5 Million to Carroll
Insurance Journal | May 10, 2023
Trump Liable for Sex Abuse, Must Pay $5 Million to Carroll
A federal jury in New York found Donald Trump liable for sexually assaulting writer E. Jean Carroll and then defaming her by calling her a liar, the first verdict against him in a string of legal cases that threaten to …
AI, Ransomware, Tech Burnout Biggest Takeaways from RIMS’ Riskworld
Insurance Journal | May 10, 2023
AI, Ransomware, Tech Burnout Biggest Takeaways from RIMS’ Riskworld
The 2023 RIMS’ Riskworld conference took place last week in Atlanta, and on this episode of The Insuring Cyber Podcast, two guests shared the biggest takeaways from the conference this year. Paul Bantick, global head of the cyber and tech …
Stalled Gun Bill Advances in Texas After Recent Mass Shootings
Insurance Journal | May 10, 2023
Stalled Gun Bill Advances in Texas After Recent Mass Shootings
AUSTIN, Texas (AP) – Facing new pressure over gun violence in Texas after two more mass shootings, Republicans on Monday unexpectedly allowed a bill that would raise the purchase age for semiautomatic rifles from 18 to 21 to advance out …
Shell: Fire That Reignited at Houston-Area Plant is Extinguished
Insurance Journal | May 10, 2023
Shell: Fire That Reignited at Houston-Area Plant is Extinguished
HOUSTON (AP) – Crews have finally extinguished a fire at a Houston-area petrochemical plant that had been burning on and off for days, according to Shell, which operates the plant. Fire fighters first responded to the blaze at the Deer …
U.S., Allies Dismantle 20-Year Russian Malware Spying Operation
Insurance Journal | May 10, 2023
U.S., Allies Dismantle 20-Year Russian Malware Spying Operation
The US and allied countries have disrupted a wide-ranging Russian hacking operation that spied on its adversaries over some 20 years, the Justice Department announced. Law enforcement agencies penetrated a global network of computers infected with malicious software that the …
Could Wearables Capture Well-Being?
Insurance Journal | May 10, 2023
Could Wearables Capture Well-Being?
Applying machine learning models, a type of artificial intelligence (AI), to data collected passively from wearable devices can identify a patient’s degree of resilience and well-being, according to investigators at the Icahn School of Medicine at Mount Sinai in New …
It’s Time to Roll up Our Sleeves and Rebuild the Florida Insurance Market
Insurance Journal | May 10, 2023
It’s Time to Roll up Our Sleeves and Rebuild the Florida Insurance Market
With the Florida legislative changes passed in December – prohibiting assignments of benefits and one-way attorney fees – there is now an opportunity to change the dynamic in Florida and create a more stable market. Historically, the main tools to …