Total economic and insured losses from severe storms and flooding that hit several regions including the New York metro area in late September could reach into the hundreds of millions of dollars, Aon PLC said in a report Friday.
Author: Annie George
U.S. Regulators Push for Recall of 52 Million Air Bag Inflators
U.S. National Highway Traffic Safety Administration (NHTSA) officials on Thursday told a public hearing the government should require the recall of 52 million air bag inflators produced by auto suppliers ARC Automotive and Delphi Automotive because they may rupture and send metal fragments flying.
Arthur J. Gallagher & Co. Acquires The Coverage Pro
Arthur J. Gallagher & Co. today announced the acquisition of Scottsdale, Arizona-based The Coverage Pro. Terms of the transaction were not disclosed.
Gamma Iota Sigma Unveils 2023 Recruiting Survey Data at 52nd Annual International Conference
Gamma Iota Sigma (GIS), America’s premier risk management, insurance and actuarial science-focused collegiate talent organization gathered 900 industry professionals and students and faculty from 69 colleges and universities for its 52nd Annual International Conference in Baltimore on September 28 and 29.
MGM Expects Q3 Profit to Take $100M Hit from Cyberattack
The recent cyberattack that caused many services at MGM Resorts International to be unavailable is expected to reduce its third-quarter profit by $100 million, according to the company’s 8-K filing on Thursday. The negative impact is expected predominantly in its Las Vegas operations but will have a minimal impact during the fourth quarter.
Steadfast Group Acquires ISU Group
Steadfast CEO Robert Kelly says the acquisition of privately owned ISU Group, a U.S. insurance network, is the company’s biggest in terms of potential. Steadfast is Australasia’s largest general insurance broker network.
State Approves Private Insurers to Take 153,000 More Homeowners Policies from Citizens
Amid a push to move policyholders into the private market, regulators have approved proposals by six private insurers to take as many 153,000 policies from the Florida’s Citizens Property Insurance Corp., the state’s property insurer of last resort.
WCRI: Medical Payments Continued to Decline in 2021, Reflecting Lingering Effects of Pandemic
Medical payments per claim decreased more than 3 percent in most of the 17 study states for 2021 injuries with experience through March 2022, according to a new set of studies by the Workers Compensation Research Institute (WCRI).
C-Suite Leaders to Boost Cybersecurity Compliance Amid SEC Disclosure Rule: Deloitte
Almost two-thirds of executives at publicly traded companies will strengthen their cybersecurity programs following the new Securities and Exchange Commission rule that requires companies to report material incidents within four business days, according to a Deloitte poll released Tuesday.
Orion180 Leaders Honored with Insurance Industry Recognition
Orion180, a premier provider of insurance solutions launched in 2018, announced that its top two leaders have been recognized by insurance industry organizations.