First American Title Insurance has agreed to pay $1 million to the New York State Department of Financial Services over a 2019 data breach and implement new security measures to protect consumers’ data.
Author: Annie George
Time from Injury to First Medical Service Among Workers’ Comp Patients Examined Pre- and Post-Pandemic
A new Workers Compensation Research Institute (WCRI) study, Time to First Medical Service—A WCRI FlashReport, examines the time from injury to first medical service among injured workers across states before and after the COVID-19 pandemic.
Q3 2023 P/C Market Survey Shows Softened D&O Premiums for First Time Since Q1 2017
Overall premiums increased by an average of 8.1% in Q3 2023 in comparison to 8.9% in Q2. This marked the 24th consecutive quarter of steady increases.
AM Best Maintains Stable Outlook on Global Reinsurance Industry
AM Best has maintained its market segment outlook for the global reinsurance segment at stable, citing substantial rate improvement, primarily in property lines, with higher average attachment points expected to result in widening profit margins.
Cigna-Humana Merger Is Likely to Face Antitrust Challenge
A combination of the two health insurers will be scrutinized by the government, but that doesn’t mean it won’t have a good argument at court.
AI Won’t Pose Immediate Existential Threat but ‘Safety Brakes’ Needed: Microsoft
Microsoft’s president says he doesn’t think artificial intelligence poses an immediate threat to humanity’s existence, but governments and businesses still need to move faster to address the technology’s risks by implementing what he calls “safety brakes”.
Atlantic Hurricane Season Ranks 4th for Most-Named Storms in a Year
The 2023 Atlantic hurricane season, which officially comes to a close on Thursday, stirred up a fourth-place ranking when it comes to most-named storms in a year.
IICF Raises Record $1.43M for Regional Nonprofits at 17th Annual Northeast Benefit Event
The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities and enriching lives, raised more than $1.43 million at its 17th Annual Northeast Benefit Event this week at Cipriani 42nd Street in New York City.
Amazon Debuts Cyber Insurance Program for Speedy Policy Estimates
Amazon.com’s AWS cloud unit debuted Wednesday a program designed to cut the time to acquire cyber insurance from weeks to days, via partnerships with brokers and insurers.
As Growing Risks Impact Insurance Affordability, Customers Look to Insurers to Help Prevent Losses
Findings from a global customer survey published in a new Geneva Association report, The Value of Insurance in a Changing Risk Landscape, show that customers across the world’s six largest insurance markets are concerned about future insurability.