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News Archives - Insurance Journal
Chubb Launches Aviation Hub in Singapore, Led by Former QBE Underwriter
Chubb announced it has set up an aviation hub in Singapore to develop further its general aviation and aerospace business. The Singapore aviation hub is part of a strategic regional focus for the aviation team from Chubb Global Markets (CGM), …
POSTED JUNE 05, 2023 8:55 AM |
Russia Accuses U.S. Intelligence of Hacking Thousands of iPhones
Russia’s main security service accused a US intelligence agency of hacking several thousand iPhones, including devices belonging to Russian nationals and others linked to diplomatic missions and embassies in the country. The statement from Russia’s Federal Security Service, known as …
POSTED JUNE 05, 2023 8:20 AM |
SEC to Dismiss 42 Enforcement Cases After Internal Data Mishap
The U.S. Securities and Exchange Commission announced Friday it had dismissed 42 pending enforcement cases after discovering enforcement staff had improper access to materials meant for commission officials ruling on those cases. The decision comes after the SEC concluded a …
POSTED JUNE 05, 2023 5:10 AM |
South Carolina DOI Issues Data Call on Why Liquor, Auto, Cyber Liability Costs Are Soaring
Two Southeastern insurance regulators have posted new information about liability insurance data and catastrophe claims reporting. The Florida Office of Insurance Regulation last week posted the 2023 catastrophe reporting form, which insurers will need to use to report claims and …
POSTED JUNE 05, 2023 5:03 AM |
Former Aflac Employee Charged as Ringleader of Georgia Fraud Scheme
A former Aflac Insurance employee, described as the leader of a fraud ring in Georgia, has been charged in connection with submitting dozens of false claims to the supplemental insurance provider. Amber Miles, 32, filed 52 claims and submitted three …
POSTED JUNE 05, 2023 5:02 AM |
Flood Risk Solutions Launches LaTour Risk, Focused on Commercial Clients
A veteran of the flood insurance business in Florida has launched a new division of Flood Risk Solutions, tailored to commercial clients. Chad LaTour, who has worked with National General Holdings, an Allstate company, and with Wright Flood, said in …
POSTED JUNE 05, 2023 5:02 AM |
Lightning Strike Cited in Fire That Destroys 160-Year-Old Massachusetts Church
A fire that burned down a 160-year-old Massachusetts church was likely started by a lightning strike, a fire chief said. The First Congregational Church in Spencer caught fire Friday afternoon, when a storm was moving through the area. Video showed …
POSTED JUNE 05, 2023 5:00 AM |
AM Best Revises Outlooks to Negative for Utica First Insurance
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Utica First Insurance Co., based in Oriskany, New York. The ratings …
POSTED JUNE 05, 2023 5:00 AM |
Hackers Use Flaw in Popular File Transfer Tool to Steal Data, Researchers Say
Hackers have stolen data from the systems of a number of users of the popular file transfer tool MOVEit Transfer, U.S. security researchers said on Thursday, one day after the maker of the software disclosed that a security flaw had …
POSTED JUNE 05, 2023 5:00 AM |
Vermont City Reaches Settlement Over Police Use of Force
The Vermont city of Burlington announced Friday that it has agreed to pay $750,000 to settle a lawsuit filed by the family of a man who was shoved by a police officer, fell backward and hit his head on a …
POSTED JUNE 05, 2023 5:00 AM |
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