Sun.Jul 21, 2024

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With American Mobile Cancellations, Florida Mobile Home Market Has ‘Fallen Apart’

Insurance Journal

Reinsurance in Florida’s long-stressed property insurance market was supposed to have stabilized this year – with moderate rate increases and more availability.

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Greek shipowner duo forges ahead in domestic banking sector

Splash: Finance and Insurance

Greek shipowners and entrepreneurs Dimitris Bakos and John Kaimenakis have stepped up their game in the banking sector with a merger deal with Greece’s fifth-largest lender. Thrivest Holding, owned by the duo together with Alexandros Exarchou, has finalised a deal to combine Pancreta Bank and its larger peer, Attica Bank.

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Insurers Face Business Interruption Claims After Global Tech Outage

Insurance Journal

Insurers could face a raft of business interruption claims after a worldwide tech outage crippled industries from travel to finance on Friday, insurance industry experts said.

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Our Claims Partner, Aspray, Wins Loss Assessor of the Year 2024

Property Insurance Centre

Our Claims Partner, Aspray, Wins Loss Assessor of the Year 2024 We are delighted but not surprised to announce that our claims partner, Aspray, has won the prestigious “Loss Assessor of the Year 2024” award at the British Claims Awards. Aspray, a leading property damage claims management company, can act on your behalf when you need to make a claim.

Claim 52
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Microsoft: About 8.5M of Its Devices Affected by CrowdStrike-Related Outage

Insurance Journal

A global tech outage that was related to a software update by cybersecurity firm CrowdStrike affected nearly 8.5 million Microsoft devices, Microsoft said in a blog post on Saturday. “We currently estimate that CrowdStrike’s update affected 8.

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Stellantis Recalls 24,000 Chrysler Minivans for Fire Risks, Urges Outdoor Parking

Insurance Journal

Stellantis on Thursday recalled about 24,000 ChryslerPacifica plug-in hybrid minivans worldwide because of fire risks, and urged owners to park outside, away from structures. and not to recharge the vehicles pending a software update.

Risk 275

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New Jersey Group Eyes Insurance Surcharges, Oil Fees to Fund Resiliency Projects

Insurance Journal

A 2% surcharge on property insurance policies, mandatory fees on the oil and gas industries, and holding a public referendum are ways a public-private group formed in the aftermath of Superstorm Sandy recommends to pay for projects to protect New …

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Two Russian Men Plead Guilty in LockBit Ransomware Attacks

Insurance Journal

Two Russian nationals pleaded guilty to their roles in ransomware attacks in the US, Asia, Europe and Africa for a notorious hacking gang known as LockBit.

Cyber 270
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Former Postal Worker Sentenced to Probation for Workers’ Compensation Fraud

Insurance Journal

A former U.S. Postal Service employee in Delaware who defrauded taxpayers of almost $100,000 in workers’ compensation benefits has been sentenced to probation.