Content from Andrew Simpson
Lessons from CNA, JBS and Colonial Pipeline Ransomware Payments
In March 2021, CNA Financial Corp., one of the country's largest insurance companies, suffered a ransomware attack from a cybercriminal group called Phoenix. The attackers pressured the insurer to ...
The Hartford Agrees to $787M Settlement for Boy Scouts Sex Abuse Claims
The Hartford announced a new agreement in the Boy Scouts of America (BSA) bankruptcy in which it will pay $787 million for sexual abuse claims under policies mostly issued in the 1970s. The new ...
Boy Scouts Win Conditional Judicial Approval for Sex Abuse Bankruptcy Plan
The Boy Scouts of America has received a green light from a judge to proceed with its $850 million reorganization plan to exit bankruptcy and settle more than 80,000 claims brought by victims of ...
Willis Towers Watson Alleges Alliant Unlawfully Stole Employees, Trade Secrets and Clients
Insurance brokerage competitors Willis Towers Watson and Alliant Insurance Services are battling in court over what Willis alleges is a conspiracy by Alliant to steal its employees, trade secrets and ...
TypTap, a Home and Flood Insurance InsurTech, Files Proposed IPO Plans
HCI Group, Inc. announced that its InsurTech subsidiary, TypTap Insurance Group, Inc., a Florida-based writer of private market homeowners and flood insurance, has confidentially submitted a draft ...
Class Action Targets Insurance Broker Gallagher Over Ransomware Attack
Insurance and benefits broker Arthur J. Gallagher is the target of a proposed class action lawsuit over a ransomware attack it suffered in 2020. The plaintiffs allege that Gallagher failed to follow ...
Federal Judge Halts Enforcement of Part of Florida’s New Property Insurance Reform Law
A federal judge has halted enforcement of a section of Florida's new property insurance reform (SB 76) law that restricts the advertisements and solicitations of roofing contractors. U.S. District ...
Major Insurer Group Defends Ransomware Reimbursements in New Cyber Principles
The nation's largest property/casualty insurance organization is defending ransom payment reimbursements by insurers in a new set of principles stressing that the insurance industry wants to partner ...