Commercial Lines
Risk Alerts: Gender Reveal May Have Caused Wildfire, Death of Firefighter
Despite numerous reports of destruction and even death, many couples still insist on throwing elaborate and risky gender reveal parties—often with unintended consequences. Carrier Management first ...
InsurTech Quotall Links With Broker Acrisure in New Strategic Partnership
InsurTech software and services company Quotall said it is partnering with global insurance broker and fintech services provider, Acrisure. Under the arrangement, Acrisure will provide insurance ...
Former Chubb Exec Kocsondy Joins Beazley in Cyber Leadership Role
A veteran Chubb executive is joining specialist insurer Beazley as its new Head of U.S. Cyber & Tech. Patricia Kocsondy was previously senior vice president, errors & omissions (E&O) and ...
OSHA Urges Employers to Make Fully Vaccinated Workers Wear Masks
The U.S. agency that regulates workplace safety issued guidance on Friday urging employers to require many fully vaccinated workers to wear masks to protect unvaccinated colleagues and customers, ...
Buffett’s Berkshire Hathaway Eliminates Stakes in Axalta, Biogen, Pares Other Drug Holdings
Warren Buffett's Berkshire Hathaway Inc said on Monday it trimmed or eliminated its stakes in several pharmaceutical companies, and reported a small new stake in a Merck & Co spinoff, Organon ...
Hippo Sees Q2 Loss Increases; Company President McCathron Says Geographic Risk Diversification Is Underway
California-based digital home insurer Hippo disclosed its quarterly earnings on Aug. 16, the first time it has done so as a public company. Hippo reported an $84.5 million net loss during Q2 2021, or ...
Cyber Attack Claims Soar in 2020 for Smaller Organizations: Coalition
The share of policyholders who filed a cyberattack claim jumped by 50% from the first half of 2020 compared to the first half of 2021, according to a new report by cyber insurer Coalition. An ...
Pearson Will Pay $1M to Settle Charges It Misled Investors Over Cyber Attack
London-based Pearson PLC will pay $1 million to settle charges it misled investors about a 2018 cyber intrusion involving the theft of millions of student records, the U.S. Securities and Exchange ...