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Author: Annie George

Ryan Specialty Acquires Griffin Underwriting Services

Former AIG execs form Dellwood Insurance Group

Ryan Specialty announced the acquisition of certain assets of Griffin Underwriting Services, a binding authority specialist and wholesale insurance broker.

Published December 12, 2022
Categorized as Show on Homepage Tagged Griffin Underwriting Services, Ryan Specialty, wholesale broker

FTX Failure Highlights Importance of Corporate Governance for Insurers

Crypto Regulations

The collapse of the cryptocurrency exchange FTX highlights the importance of effective corporate governance, according to a new AM Best commentary.

Published December 9, 2022
Categorized as Show on Homepage Tagged AM Best, cryptocurrency, FTX bankruptcy

FTC Files Lawsuit to Stop Meta from Purchasing VR App Within

Virtual Reality

The Biden administration accused Meta Platforms Inc of attempting to buy its way to dominance in the metaverse on Thursday.

Published December 9, 2022
Categorized as Show on Homepage Tagged Facebook, Meta, Meta Platforms, Metaverse, virtual reality, VR apps, Within

Women Sue Twitter Alleging Discriminatory Layoffs

Twitter employee lawsuit

Two women who lost their jobs at Twitter when billionaire Elon Musk took over have filed a federal lawsuit against the company.

Published December 9, 2022
Categorized as Show on Homepage Tagged discrimination suit, Musk, Twitter, Twitter firing, Twitter layoffs

Report: Cybersecurity Decisions A Priority for Startups

Insurers on cyber insurance standardization

Start-up founders remain laser-focused on advancing their cybersecurity protections now and in the future.

Published December 9, 2022
Categorized as Show on Homepage Tagged cyber report, cybersecurity, Embroker, startups and cybersecurity

New York Fed Taps Insurance Exec for New Second in Command

NY Federal Reserve

The New York Federal Reserve has appointed an insurance industry executive as President John Williams’ second in command.

Published December 9, 2022
Categorized as Show on Homepage Tagged insurance exec, John Williams, New York Federal Reserve, NY Federal Reserve

APCIA Commends House Action to Address Mitigation and Resilience in Disaster Zones

APCIA on the insurance industry, cost of insurance

The American Property Casualty Insurance Association (APCIA) commends the House of Representatives for passing the Community Disaster Resilience Zones (CDRZ) Act of 2022.

Published December 9, 2022
Categorized as Show on Homepage Tagged APCIA, Community Disaster Resilience zones

Q3 Product Recalls Tip U.S. Further into Record-Breaking Year

Product recall claims

The number of products recalled this year has officially reached a 20-year high, according to third-quarter recall data from the United States.

Published December 8, 2022
Categorized as Show on Homepage Tagged auto parts, food and beverage, food recalls, medical devices, product recall, product recall claims, recall, Sedgwick

Auto Dealers Anticipate Softening Demand Amid Higher Rates, Uncertain Outlook

cost of automobiles, trucks

As new-vehicle inventories are gradually replenished, some dealers believe that an uncertain economic outlook and higher interest rates are beginning to dampen demand.

Published December 8, 2022
Categorized as Show on Homepage Tagged auto dealers, auto dealers insurance, high interest rates

Indiana AG Sues TikTok Over Safety and Security Concerns

TikTok ban or sell to US company

Indiana AG Todd Rokita announced the filing of two separate lawsuits against TikTok.

Published December 8, 2022
Categorized as Show on Homepage Tagged Indiana AG, lawsuits, safety data, TikTok

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