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Cyber Insurance Market to Expand as Risks Evolve: Gallagher
While 2024 brought record-breaking data-breach costs and evolving cyber risk, all signs point to stable rates and ample capacity in 2025. Intense competition among cyber insurance carriers has resulted in higher limits, enhanced cyber risk management services, flexibility in insurance …
POSTED JANUARY 17, 2025 6:23 AM |
Actuary Group Forecasts Climate Change to Have Massive GDP Hit Without Policy Action
Here’s stark warning in a new report from a group of actuaries: the global economy could face a 50% loss in GDP between 2070 and 2090. That is if immediate policy actions on risks posed by climate change are not …
POSTED JANUARY 17, 2025 6:15 AM |
FBI Warned Agents It Believes Phone Logs Hacked Last Year
FBI leaders have warned that they believe hackers who broke into AT&T Inc.’s system last year stole months of their agents’ call and text logs, setting off a race within the bureau to protect the identities of confidential informants, a …
POSTED JANUARY 17, 2025 6:07 AM |
One Call Names Mendez CEO, Alliant Adds VP Cassidy in Florida
One Call, a provider of ancillary care services for the workers’ compensation market, based in Jacksonville, named Nicholas Mendez as chief executive officer, starting Feb. 10. Mendez succeeds Jay Krueger, who will continue working with One Call through the end …
POSTED JANUARY 17, 2025 6:01 AM |
King Risk Adds to SW Florida Presence with Bruce Hendry Agency
King Risk Partners, a major U.S. brokerage and insurance agency based in Gainesville, Florida, has acquired Bruce Hendry Insurance in Immokalee, Florida, southeast of Fort Myers. It is the latest expansion move for King Risk into southwest Florida, the firm …
POSTED JANUARY 17, 2025 6:01 AM |
School Employee Kicked 25 Times in 11 Days Denied Workers Compensation
A Virginia student assistant who suffered injuries in both knees after being kicked 25 times over a period of 11 days is not entitled to workers’ compensation benefits. The Virginia Workers’ Compensation Commission (WCC) upheld a deputy commissioner’s denial of …
POSTED JANUARY 17, 2025 6:00 AM |
Perdue Farms to Pay $4 Million For Letting Children Work Hazardous Jobs
Perdue Farms will pay $4 million in restitution after it employed children in hazardous occupations at a Virginia plant and let them work past 7 p.m. during the regular school week, the U.S. Department of Labor announced Wednesday. The hazardous …
POSTED JANUARY 17, 2025 6:00 AM |
California Workers’ Comp Public Self-Insured Losses Rise Despite Claim Volume Decline
Increases in average medical payments and average indemnity payments drove public self-insureds’ total paid losses up last year even though the number of claims fell, a new report shows. The California Workers’ Compensation Institute reviewed the initial report on fiscal …
POSTED JANUARY 17, 2025 6:00 AM |
Damages Upheld for Man Whose Ex-Girlfriend Shared Nude Photo Without Permission
A Massachusetts man who sued his ex-girlfriend over her sharing an unflattering nude photo of him and accessing his personal online accounts without permission has had his $10,280 court award upheld. In December 2023, a Bristol County trial judge entered …
POSTED JANUARY 17, 2025 6:00 AM |
MGIS Extends Specialized Disability Insurance to Advanced Practice Clinicians
MGIS and Reliance Matrix are extending their disability insurance and specialty coverages to advanced practice clinicians. APCs, such as nurse practitioners and physician assistants, are professionals with advanced education and specialized experience, and are trained and capable of performing many …
POSTED JANUARY 17, 2025 6:00 AM |
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