Tue.Dec 03, 2024

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California Teen Suspected of Being a Member of Scattered Spider Hacking Gang

Insurance Journal

An accused teenage hacker who was arrested last month in California is suspected of being a member of the notorious cybercrime group Scattered Spider, according to several people familiar with the matter. U.S. prosecutors charged Remington Ogletree on Oct.

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Stay Informed: The Zelle Lonestar Lowdown – A Must-Read Newsletter for Property Insurance Professionals

Property Insurance Coverage Law

Steve Badger’s firm biography references a newsletter, The Zelle Lonestar Lowdown. For those battling insurance coverage issues in Texas, The Zelle Lonestar Lowdown offers invaluable monthly insights into Texas first-party property insurance law and claims. This newsletter, produced by a firm with deep roots in insurance litigation, provides critical updates that can make a difference … The post Stay Informed: The Zelle Lonestar Lowdown – A Must-Read Newsletter for Property Insurance Profe

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US Official Fighting Chinese Telecom Intrusions Urges More Encryption

Insurance Journal

A senior U.S. official who is among those working to evict alleged Chinese hackers from American telecom companies has a word of advice for his fellow Americans: Use encryption.

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Brazil grain barge shipping returns as Amazonian drought subsides

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Brazil grain barge shipping returns as Amazonian drought subsides appeared first on Insurance Marine News.

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High-Net-Worth Insureds’ Top Concerns: Climate, Collectibles and Cyber

Insurance Journal

A new report on emerging risks affecting wealthy households — those with assets of $500,000 to $5 million — highlights climate change, theft of collectibles and cybersecurity as top concerns.

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Rising tariffs, trade barriers, are main concerns for supply chain leaders

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Rising tariffs, trade barriers, are main concerns for supply chain leaders appeared first on Insurance Marine News.

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Global shipping costs to remain high amid tariff threats, Red Sea challenges, says CMA CGM executive

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Global shipping costs to remain high amid tariff threats, Red Sea challenges, says CMA CGM executive appeared first on Insurance Marine News.

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People Moves: Bertoldi Joins Alliant to Lead Litigation Insurance Practice

Insurance Journal

Jason Bertoldi has joined Alliant Insurance Services, headquartered in Irvine, California, as global team leader, litigation and contingent risk insurance. Bertoldi assists clients in obtaining bespoke contingent risk insurance policies and structuring transactions that incorporate insurance policies as investment collateral.

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Bulk carrier in reported allision in Galapagos Islands

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Bulk carrier in reported allision in Galapagos Islands appeared first on Insurance Marine News.

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Inigo Owners Said to Weigh Options for Lloyd’s of London Insurer

Insurance Journal

The owners of Inigo Ltd. are exploring options for the British specialist insurance group including a potential sale, according to people familiar with the matter. The shareholders, which include buyout firm JC Flowers & Co.

Insured 200
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Nicolas Saverys in second attempt to take Exmar private

Splash: Finance and Insurance

Belgian shipowner Nicolas Saverys is planning to launch another voluntary and conditional public takeover bid for all shares in gas shipowner and infrastructure provider Exmar. Saverys’ investment vehicle Saverex would offer €11.5 in cash for each share it does not already own, a premium of 38.

Premium 60
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Brewery Managers Caught With Hands in Tip Jar, Says US Department of Labor

Insurance Journal

The U.S. Department of Labor’s Wage and Hour Division reports that it found Pennsylvania’s Sly Fox Brewing Co.

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Shipping heavyweights invest in UK decarbonisation firm

Splash: Finance and Insurance

US-based shipbroker and consulting group McQuilling Partners has joined the growing list of marine industry heavy hitters backing the UK-listed green decarbonisation pioneer SulNOx. McQuilling is investing in a new funding round led by SulNOx’s largest shareholder Constantine Logothetis and Norway’s shipowner Nistad Group after the UK firm’s five-fold share price hike in 18 months.

Marine 60
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E. Coli Outbreak Tied to McDonald’s Quarter Pounders Has Ended, CDC Says

Insurance Journal

The U.S. Centers for Disease Control and Prevention said on Tuesday that the E. coli outbreak linked to McDonald’s Quarter Pounder hamburgers is over and the investigation has been closed. As of Dec.

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JIF 2024: What’s In a Name? When It Comes to Legal System Abuse, A Lot

Triple-I: Homeowners Insurance

By Lewis Nibbelin, Contributing Writer, Triple-I From “social inflation” to “tort reform” to, simply, “fraud,” settling upon uniform terminology to describe litigation trends that drive up costs – including insurance premiums – for all Americans is a primary challenge to addressing them, according to participants at Triple-I’s 2024 Joint Industry Forum.

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Despite IRS Scrutiny, Micro-Captives Growing Like Weeds in Hard Florida Market

Insurance Journal

Despite continued uncertainty over the future of federal tax rules on micro-captive insurance companies, the instruments seem to be increasingly popular for small businesses, especially in Florida, where rates for traditional commercial insurance have soared in recent years.

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Logging Mechanization and Impacts on Health

CDC: Workers Compensation

While logging is still considered a high-risk industry, the mechanization of work has contributed to critical safety improvements. When at one time most loggers performed manual felling, today a logger’s workday is increasingly spent seated while operating heavy equipment. There is no doubt that mechanization has changed the industry in many ways. Researchers at the Northeast Center for Occupational Safety and Health in Agriculture, Forestry, and Fishing (Northeast Center), one of twelve funded

Risk 56
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FEMA Drops Hammer on Fort Myers Beach After Improper Rebuilding in Flood Area

Insurance Journal

Last spring, the Federal Emergency Management Agency jolted southwest Florida communities – most of which were still recovering from Hurricane Ian in 2022 – when it announced that the areas would lose their community discounts on flood insurance due to …

Insurance 147
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Eldorado Drilling seals $120m private placement

Splash: Finance and Insurance

Eldorado Drilling has secured fresh funds to back its offshore rig acquisition programme. The outfit backed by several high-profile investors has raised $120m via private placement with Fearnley Securities, Arctic Securities and SpareBank 1 Markets acting as joint bookrunners in the transaction.

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Italy to Require Companies Buy Insurance for Climate Risks

Insurance Journal

Starting Jan. 1, every company in Italy must buy insurance to protect its assets from floods, landslides and other natural hazards that have become more common thanks to global warming.

Risk 147
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China imposes “one-time ship position reporting” in major waters

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post China imposes “one-time ship position reporting” in major waters appeared first on Insurance Marine News.

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Hoboken Dealing With Ransomware Attack

Insurance Journal

The city of Hoboken, New Jersey has reported it was the victim of a ransomware attack in the early hours of last Wednesday, November 27.

Cyber 173
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Blog Post: Stay Current on Arizona Business Law: 2025 Edition of CSC's Annotated Deskbook Now Available

LexisNexis

By Eric Geringswald | CSC The 2025 edition of CSC’s Arizona Laws Governing Business Entities Annotated is now available. This annually updated deskbook is a comprehensive resource that legal professionals need to effectively conduct research, complete transactions, and advise clients with confidence. The 2025 edition features the full text of Title 10, Corporations and Associations from the Arizona Revised Statutes and Title 29—Partnership from the Arizona Revised Statutes, updated through the 2

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Zurich Completes $600M Buy of AIG’s Travel Insurance Business

Insurance Journal

Zurich Insurance Group said Tuesday its acquisition of American International Group’s global personal travel insurance business is complete.

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Blog Post: Latest Updates to Indiana’s Business Entity Laws and New Case Law Available Now

LexisNexis

By Eric Geringswald | CSC Indiana’s legislature approved changes to more than three dozen sections of the state’s laws governing business entities in 2024, including a new provision regarding notice requirements for health care entity mergers and acquisitions and amendments to the state’s LLC provision addressing the death of a sole member. These and other updates changes are captured in the 2025 edition of Indiana Laws Governing Business Entities Annotated.

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Rising Sick Days Are Costing Europe Billions Every Year

Insurance Journal

Norway, illness is becoming an increasingly trying problem. Workers take more sick days than anywhere else in Europe and absences are at the highest level in 15 years.

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Blog Post: Stay Current on Arizona Business Law: 2025 Edition of CSC's Annotated Deskbook Now Available

LexisNexis

By Eric Geringswald | CSC The 2025 edition of CSC’s Arizona Laws Governing Business Entities Annotated is now available. This annually updated deskbook is a comprehensive resource that legal professionals need to effectively conduct research, complete transactions, and advise clients with confidence. The 2025 edition features the full text of Title 10, Corporations and Associations from the Arizona Revised Statutes and Title 29—Partnership from the Arizona Revised Statutes, updated through the 2

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New Jersey Shore Resort Town and State Settle Litigation Over Deteriorating Beaches

Insurance Journal

A decadelong conflict over the condition of a New Jersey resort town’s beaches, involving tens of millions of dollars in litigation and fines, could come to an end soon.

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Four reasons to not wait until January to enroll in an ACA health plan

Healthinsurance.org

Reasons to enroll in an ACA health plan by December 15? Delaying your enrollment might mean no coverage in January Delayed enrollment might mean missing out on free money If you’re auto-renewing your 2024 plan, you could be surprised on January 1 January out-of-pocket expenses won’t transfer to a plan that starts in February Open enrollment for 2025 individual/family health coverage began on November 1, 2024.

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People Moves: Liberty Mutual Names Orloff President, Global Risk Solutions N.A.

Insurance Journal

Liberty Mutual Insurance, headquartered in Boston, named Marc Orloff as president of Global Risk Solutions (GRS) North America, effective Jan. 1. Orloff will lead GRS North America’s financial and operational performance, which includes commercial and specialty businesses in the U.S.

Risk 130
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Insurance Producer Licensing Fees by State

PSM Brokerage

Navigating DOI Appointment Fees by State As an insurance agent, understanding the Department of Insurance (DOI) fees for licensing, exams, and renewals is crucial for managing your practice and budget effectively. With varying costs across states, having a clear reference can save you time and ensure compliance in the states you operate. Below, we’ve compiled a detailed chart of DOI appointment fees for all 50 states, including initial license fees, exam fees, and renewal fees.

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People Moves: Hatchette Named Deputy Insurance Commissioner in Maryland

Insurance Journal

Joy Y. Hatchette has been named deputy commissioner of the Maryland Insurance Administration (MIA). Acting Maryland Insurance Commissioner Marie Grant announced the appointment of Hatchette, who since 2004, has served as the associate commissioner for consumer education and advocacy.

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Utah orders A-Cap insurers to cease new business after 777 debacle

Elmore

Three US life insurers in ‘hazardous financial condition’ after sports buying spree unravels The post Utah orders A-Cap insurers to cease new business after 777 debacle appeared first on Elmore Insurance Brokers.

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Venture Global LNG Considers Fifth Export Project in Louisiana

Insurance Journal

Venture Global LNG Inc. is considering building a fifth project on the US Gulf Coast that would put it on track to become the nation’s largest exporter of the fuel, according to a document seen by Bloomberg.

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