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WV Commissioner Posts Guidelines on Insurers’ Use of Aerial Images
After receiving multiple inquiries about the use of aerial images in property insurance nonrenewals, West Virginia’s insurance commissioner has posted guidelines for insurers’ use of the technology. In a bulletin this month, Commissioner Allan McVey reminded insurance companies that aerial …
POSTED APRIL 28, 2025 1:39 PM |
Spain and Portugal Hit With Worst European Blackout in Years
Most of Spain and all of Portugal were hit by a major blackout that impacted public transport, airports and phone service, leaving authorities scrambling to find the causes for one of the worst outages in Europe in years. Data from …
POSTED APRIL 28, 2025 1:30 PM |
Trawick International Moves HQ from Alabama to Miami
Trawick International, a longtime provider of travel insurance, student insurance and specialty coverage, is moving its headquarters from the quiet streets of Fairhope, Alabama, to Miami. “Miami is a thriving, diverse, and internationally connected city that mirrors our company’s mission …
POSTED APRIL 28, 2025 1:08 PM |
Vermont Takes Over Medical Liability Insurer CARE RRG Facing $35.4M Judgment
A Vermont Superior Court has approved a state takeover and rehabilitation plan for a medical professional liability insurer for 1,300 physicians that the state says is in hazardous financial condition as a result of a $35.4 million arbitration judgment against …
POSTED APRIL 28, 2025 12:40 PM |
Corporate America Boosts Security Spending After UnitedHealth Murder, Filings Show
U.S. corporations have been ramping up their security spending, but following the murder of UnitedHealth executive Brian Thompson that expenditure is set to rise further in 2025 as more companies see heightened threats to their top brass. At least a …
POSTED APRIL 28, 2025 12:38 PM |
Cyber Market Continues to Expand as Rates Adjust, Says Guy Carpenter
Those fighting cybercrime and those who insure against it must perpetually race to keep up with the new tech, strategies, methods and goals thrown at them by nefarious actors working from all over the world. After significant compound rate increases …
POSTED APRIL 28, 2025 12:18 PM |
UK’s M&S Tells Warehouse Agency Staff to Stay Home as Cyber Incident Continues
British retailer Marks & Spencer told agency staff at its central England distribution center to stay at home on Monday, after it stopped taking online orders following a cyber incident last week. Shares in the company, one of the best …
POSTED APRIL 28, 2025 11:43 AM |
Ukraine Says It Detained Grain Ship From Russia’s ‘Shadow Fleet’
Kyiv detained a ship it says was part of Moscow’s “shadow fleet” which illegally exports grain from areas of Ukraine occupied by Russian forces. A dry cargo ship was detained in Ukrainian territorial waters as it headed from Moldova along …
POSTED APRIL 28, 2025 8:47 AM |
Mediobanca Makes €6.3 Billion Offer for Generali’s Wealth Arm
Mediobanca launched a surprise €6.3 billion ($7.2 billion) offer for the wealth management arm of Italian insurer Assicurazioni Generali SpA, opening a potential defense strategy for the Milan-based bank amid Italy’s intensifying deal wave. Mediobanca, which itself is facing a …
POSTED APRIL 28, 2025 8:21 AM |
Uvalde Approves $2M Settlement for Families of Elementary School Shooting Victims
City leaders in Uvalde, Texas, approved a $2 million settlement for families of the victims of the 2022 Robb Elementary School shooting, marking the first time one of the myriad lawsuits has led to financial compensation. Attorneys for the families …
POSTED APRIL 28, 2025 8:00 AM |
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