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Category: Insurance Journal

Ending Polarization and Building Future Leaders: Travelers CEO
Insurance Journal | November 1, 2023
Ending Polarization and Building Future Leaders: Travelers CEO
Challenges facing today’s business leaders include keeping pace with rapid change, the leader of Travelers said last week while also going out of his way to cast light on a serious obstacle to forward progress: polarization. “I think it’s a …
SolarWinds Staff Warned About Security Holes Before Russia Hack
Insurance Journal | November 1, 2023
SolarWinds Staff Warned About Security Holes Before Russia Hack
Well before Russia’s audacious cyberattack that exploited SolarWinds Corp.’s software was made public, several employees allegedly raised red flags about holes in the company’s security. Their warnings, documented in a lawsuit filed by US regulators, raise questions about whether the …
Ravaged Fort Myers Becomes Magnet for Risk-Taking Property Buyers
Insurance Journal | November 1, 2023
Ravaged Fort Myers Becomes Magnet for Risk-Taking Property Buyers
A year after Hurricane Ian ripped through southwest Florida, wealthy risk-takers are transforming one beach town. In Fort Myers Beach, many of the middle-class cottages that once dotted the Estero Island town were wiped off the map. Ian killed 21 …
Averted Disaster on Flight that Landed in Oregon Renews Scrutiny of Mental Health in Cockpit
Insurance Journal | November 1, 2023
Averted Disaster on Flight that Landed in Oregon Renews Scrutiny of Mental Health in Cockpit
What authorities describe as an off-duty pilot`s attempt to shut down the engines of a Horizon Air flight with more than 80 people on board has renewed attention on the mental fitness of those allowed in the cockpit. Joseph Emerson, …
New York State Distributes $190M in Opioid Settlement Funds
Insurance Journal | November 1, 2023
New York State Distributes $190M in Opioid Settlement Funds
Governor Kathy Hochul announced that New York has made available approximately $192.8 million provided in the first year of the opioid settlement agreements to support a variety of prevention, treatment, harm reduction, and recovery initiatives to help New Yorkers affected …
Actor Robert De Niro Tells Jury That Ex-Assistant’s Lawsuit Is ‘Nonsense’
Insurance Journal | November 1, 2023
Actor Robert De Niro Tells Jury That Ex-Assistant’s Lawsuit Is ‘Nonsense’
Robert De Niro testified Monday in New York City at a trial resulting from a former personal assistant’s lawsuit accusing the actor of being an abusive boss. De Niro, who at times appeared grouchy, restrained himself from erupting at the …
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 …