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Category: Insurance Journal

Pennsylvania AG Launches Website for Reporting Data Breaches as Required by Law
Insurance Journal | September 20, 2024
Pennsylvania AG Launches Website for Reporting Data Breaches as Required by Law
Pennsylvania Attorney General Michelle Henry announced the launch of an online portal for companies and other entities reporting data breaches. The site is for reporting breaches impacting more than 500 Pennsylvania residents — which is required under Pennsylvania law beginning …
Hackers Demand $6M for Files Stolen From Seattle Airport Operator in Cyberattack
Insurance Journal | September 20, 2024
Hackers Demand $6M for Files Stolen From Seattle Airport Operator in Cyberattack
Hackers are demanding $6 million in bitcoin from the operator of the Seattle-Tacoma International Airport for documents they stole during a cyberattack last month and posted on the dark web this week, an airport official said. The Port of Seattle, …
Wefox Appoints Former Allianz Executive Mueller as CEO to End Shareholder Fight
Insurance Journal | September 20, 2024
Wefox Appoints Former Allianz Executive Mueller as CEO to End Shareholder Fight
Wefox Holding AG appointed former Allianz manager Joachim Mueller as chief executive officer, ending a boardroom battle that pit the insurance tech startup’s founders against some of its shareholders. Mueller will replace interim CEO Mark Hartigan, effective immediately, Berlin-based Wefox …
GM to Recall Over 449,000 Pickup Trucks, SUVs
Insurance Journal | September 20, 2024
GM to Recall Over 449,000 Pickup Trucks, SUVs
General Motors is recalling 449,671 pickup trucks and SUVs in the U.S. due to inoperative low brake fluid warning, the U.S. National Highway Traffic Safety Administration said on Friday. The recall includes some 2023 Chevrolet Silverado 1500, GMC Sierra 1500, …
E&S Vet Miller and Team Launch MGA Pivix
Insurance Journal | September 20, 2024
E&S Vet Miller and Team Launch MGA Pivix
Former Scottsdale Insurance President Mike Miller will now serve as president and CEO of excess & surplus managing general agency Pivix Specialty Insurance Services. Based in Scottsdale, Arizona, Pivix is an E&S platform offering property/casualty coverages for targeted segments. Products …
Insurers End ‘Cats’ Fight
Insurance Journal | September 20, 2024
Insurers End ‘Cats’ Fight
Two insurers have settled their dispute over coverage for an employee of the touring company for the musical “Cats” who was seriously injured on the set at a Providence theater in 2019. The Providence Performing Arts Center (PPAC) employee was …
Mutual Insurers Chase Rate Adequacy, Financial Strength Remains Strong: AM Best
Insurance Journal | September 20, 2024
Mutual Insurers Chase Rate Adequacy, Financial Strength Remains Strong: AM Best
The U.S. property/casualty mutual segment has leaned on investment income to maintain strong overall financial performance and grow surplus in the face of underwriting volatility and severe weather-related activity, according to an AM Best report. To combat underwriting losses and …
Extreme Weather Adds to Fiscal Strains in Central Europe
Insurance Journal | September 20, 2024
Extreme Weather Adds to Fiscal Strains in Central Europe
Just a week ago, before deadly floods swept through central Europe, the Czech Republic looked on track to become the first country in the region since COVID-19 to pull its budget deficit firmly below the 3% of GDP cap set …
Exploding Pagers Sound Global Alarm on Supply-Chain Security
Insurance Journal | September 20, 2024
Exploding Pagers Sound Global Alarm on Supply-Chain Security
Thousands of pagers and other devices exploding in Lebanon this week mark a new and deadly escalation in the use of supply chains against adversaries, giving new urgency to global leaders’ drive to reduce their dependence on technologies from rivals. …
Man Arrested for Damaging a Statue Outside a St. Louis Cathedral
Insurance Journal | September 20, 2024
Man Arrested for Damaging a Statue Outside a St. Louis Cathedral
ST. LOUIS (AP) — A man used construction equipment to drop a heavy boom lift onto a sculpture that has stood for 25 years outside St. Louis’ Cathedral Basilica, badly damaging it, police said. It wasn’t immediately clear whether the …