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Category: Insurance Journal

People Moves: Markel Says President, COO Cox to Leave Company; Siry Joins Cover Whale as COO and CTO; Glazer Named AIG General Counsel
Insurance Journal | December 1, 2023
People Moves: Markel Says President, COO Cox to Leave Company; Siry Joins Cover Whale as COO and CTO; Glazer Named AIG General Counsel
Markel, the insurance operations within Markel Group Inc., said Bob Cox, president and chief operating officer, Global Insurance Operations, will be leaving his role December 31, after five years . “Bob joined us five years ago bringing his more than …
Cybersecurity Agency Warns Water Utilities About Hackers After Pennsylvania Attack
Insurance Journal | December 1, 2023
Cybersecurity Agency Warns Water Utilities About Hackers After Pennsylvania Attack
Hackers are targeting industrial control systems widely used by water and sewage-treatment utilities, potentially threatening water supplies, the top U.S. cyberdefense agency said after a Pennsylvania water authority was hacked. The U.S. Cybersecurity and Infrastructure Security Agency issued the warning …
UN Report Warns of ‘Silent’ Threat of Drought as Planet Warms
Insurance Journal | December 1, 2023
UN Report Warns of ‘Silent’ Threat of Drought as Planet Warms
While wildfires, severe storms and floods cause short-term impacts that often grab the world’s attention, a drought that stretches over seasons or even years can be easier to overlook. Yet a new UN report shows droughts are just as deadly, …
How Panama Fishing Boats Brought Mining Company First Quantum to its Knees
Insurance Journal | December 1, 2023
How Panama Fishing Boats Brought Mining Company First Quantum to its Knees
For more than a month, a group of 16 fishing boats has been blocking a key port in Panama, choking off coal and essential supplies destined for First Quantum Minerals’ giant copper mine there, eventually forcing it to halt operations …
Maersk Reaches Settlement Over Ship That Blocked Suez Canal
Insurance Journal | December 1, 2023
Maersk Reaches Settlement Over Ship That Blocked Suez Canal
A.P. Moller-Maersk A/S settled a Danish lawsuit against the companies behind a ship that blocked the Suez canal in 2021, forcing shipping lines to delay or divert vessels and causing global disruption of supply lines. “We can confirm that we …
WCRI Report Examines Challenges of Low Back Pain and Comorbid Health Issues
Insurance Journal | December 1, 2023
WCRI Report Examines Challenges of Low Back Pain and Comorbid Health Issues
Workers’ compensation patients who report comorbidities, especially mental health comorbidities (anxiety, depression, sleep dysfunction), had a stronger association with smaller functional recoveries than those who only reported physical health comorbidities such as diabetes, hypertension, obesity. That’s according to a recent …
Study: Federal Payouts Bolstered Flood Policy Uptake, Insured Value
Insurance Journal | December 1, 2023
Study: Federal Payouts Bolstered Flood Policy Uptake, Insured Value
The availability of a federal flood payout in a county in a given year increased the number of flood insurance policies by 5.2% and the total insured value of the policies by 4.6% in the following year, a new study …
New York Man Charged With Obstructing Investigation Into Fatal Construction Incident
Insurance Journal | December 1, 2023
New York Man Charged With Obstructing Investigation Into Fatal Construction Incident
A federal grand jury has indicted Richard Zagger, of Blue Point, New York, charging him with conspiracy and obstruction of an investigation into a fatal construction accident, according to the U.S. Department of Justice. The four-count indictment alleges that Zagger …
Washington Workers’ Comp Premium Rate Going up an Average of 4.9% in 2024
Insurance Journal | December 1, 2023
Washington Workers’ Comp Premium Rate Going up an Average of 4.9% in 2024
The Washington State Department of Labor & Industries announced a 4.9% increase in the average workers’ compensation premium rate for 2024. The increase, which takes effect Jan. 1, 2024, means employers and workers will jointly pay, on average, an additional …
Family of Los Angeles Deputy Killed in Ambush Plans to Sue Over Forced Overtime
Insurance Journal | December 1, 2023
Family of Los Angeles Deputy Killed in Ambush Plans to Sue Over Forced Overtime
The parents of a Los Angeles County deputy who was shot and killed while sitting in his patrol car plan to file a lawsuit accusing the sheriff`s department and county leaders of putting law enforcement officers at risk by making …