Truist Bank, a leading U.S. commercial bank, confirmed last week that its systems were breached in an October 2023 cyberattack after a threat actor posted some of the company’s data for sale on a hacking forum.
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USG Announces Hire of Warren Cooksey in Irvine, CA
USG Insurance Services, Inc., a prominent national wholesaler and MGA, is pleased to announce the addition of Warren Cooksey, Associate Producer/Broker, to their U.S. Satellite team, under the direction of Jim Parsons, First Vice President: Regional Manager.
Insurance Premium Hikes Strike Condo Associations
Insurance costs are exploding for condo associations across the U.S., raising the cost of homeownership and making it harder for some owners to sell their units.
Aon: Hundreds of Millions in Insured Losses Anticipated from June Severe Convective Storms
Aon, a professional services firm providing risk, retirement, and health solutions, has released a weekly catastrophe report showing that since June 11, Southern Florida has faced substantial financial losses due to prolonged and excessive rainfall and severe convective storms (SCS).
The Hartford’s Future of Benefits Study: Generational Perspectives on the Workplace from Boomers to Zoomers
The Hartford’s fifth annual Future of Benefits Study, released today, reveals different generational perspectives about workplace productivity, employee benefits, personal finances, mental health, and paid leave as more Gen Z workers (zoomers) enter the workforce and many baby boomers retire.
CMS to Rework Quality Ratings for Medicare Advantage Plans
UnitedHealth, Humana, and other insurers offer Medicare Advantage plans under which they are paid a set rate by the government to manage healthcare for people aged 65 and older or with disabilities.
USG Announces Hire of Higgins in Moncks Corner, SC
USG Insurance Services, Inc., a prominent national wholesaler and MGA, is pleased to announce the addition of Brittany Higgins to their FL office. Higgins joins the team in the role of Producer/Broker, under the guidance of Randy Stockburger, Executive Vice President: Production Manager.
Cyber Extortion Reached Record High in the U.S. and Canada in 2023, Fewer Companies Pay Ransomware
According to a new report published today by Marsh, the number of companies in the US and Canada experiencing a cyber extortion event hit record numbers in 2023, with unprecedented ransom demands.
Trust Emerges as Top Driver of Customer Satisfaction with Auto Insurance as Prices Continue to Surge
With U.S. auto insurance rates up 11.2% on average during the past year—and insurers still losing an average of five cents on every dollar of premium they collect—sky-high premiums do not appear to be leveling off anytime soon.
Apple Hit with Pay Inequity Lawsuit
Apple “systematically” underpaid women compared to their male counterparts, a potential class action lawsuit from a pair of employees alleges.