Allstate reported about $641 million in August catastrophe losses from 18 events, with about half coming from the Maui wildfire. The losses for the month of August were $551 million or $435 million, after-tax, partially offset by favorable reserve reestimates …
https://www.maddoxinsured.com/wp-content/uploads/2023/09/Maui-Lahaina-wildfire-AP-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-09-21 11:11:562023-09-21 15:07:17Allstate Records About $640M in August Cat Losses, Half From Maui Wildfire
Insurtech homeowners insurer Openly said has raised $100 million in Series D funding, led by Eden Global Partners. There was additional participation in the round from a mix of current and new investors including Gradient Ventures, Clocktower Technology Ventures, Trinity …
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-09-21 10:19:422023-09-21 15:07:17Openly Secures $100 Million in Series D Funding
Global specialty P/C insurer AmTrust Financial Services introduced a new admitted lawyers professional liability policy from AmTrust PRO for mid-sized law firms. “In today’s competitive and complex legal environment, even a small error or simple oversight by an individual attorney …
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-09-21 09:29:382023-09-21 15:07:18Markets/Coverages: AmTrust Introduces Admitted Lawyers Professional Liability
MGM Resorts said on Wednesday its hotels and casinos were back to normal operations but it was working to resolve issues at its luxury Excalibur hotel and casino in Las Vegas, over a week after a cyberattack disrupted its systems. …
https://www.maddoxinsured.com/wp-content/uploads/2023/09/mgm-hotel-las-vegas-580x363-1.jpg363580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-09-21 08:45:462023-09-21 15:07:18MGM Resorts Recovers From Cyberattack, but Still No Digital Room Keys
A trade group for U.S. authors has sued OpenAI in Manhattan federal court on behalf of prominent writers including John Grisham, Jonathan Franzen, George Saunders, Jodi Picoult and “Game of Thrones” novelist George R.R. Martin, accusing the company of unlawfully …
https://www.maddoxinsured.com/wp-content/uploads/2023/09/OpenAI-Bigstock-580x393-1.jpg393580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-09-21 01:31:312023-09-21 15:07:20John Grisham, Other Top Authors Sue OpenAI Over Copyrights
Berkshire Hathaway Energy Co.’s PacifiCorp has been battered in an unprecedented court fight over the utility’s failure to prevent massive wildfire destruction in Oregon. The largest grid operator in the western US faces the risk that it will have to …
https://www.maddoxinsured.com/wp-content/uploads/2023/09/damage-after-oregon-wildfires-getty-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-09-21 01:15:212023-09-21 15:07:20Berkshire Hathaway Energy Shows Unusual Risk Appetite in Wildfire Court Fight
Executive Summary: The International Group of P&I Clubs offers a unique lens into the intricate web of maritime risk that influences both the insurance sector and the maritime industry globally. From this perspective, one thing is abundantly clear: A “new …
https://www.maddoxinsured.com/wp-content/uploads/2023/09/bigstock-aerial-view-of-container-ship-372734587-580x326-1.jpg326580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-09-21 01:15:092023-09-21 15:07:23Viewpoint: A New Risk Landscape Emerges for Global Maritime Industry
The Social Security Administration is trying to claw back billions of dollars in disability overpayments, many of them made to people who received workers’ compensation payouts for injuries, an analysis has found. KFF Health News, part of the Kaiser Family …
https://www.maddoxinsured.com/wp-content/uploads/2023/09/Social-Security-Card-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-09-21 01:01:002023-09-21 15:07:24Social Security Demands Billions From Workers’ Comp Recipients, Others for Overpayments
It’s important to get the flu shot to protect you and your family from this potentially serious disease. The Centers for Disease Control and Prevention recommends that everyone 6 months and older get a flu shot by the end of October.
Image
3 reasons to get the flu shot this year:
It’s free. With Marketplace health insurance, immunizations are a covered preventive care benefit. Your flu shot is free from a provider in your plan’s network.
It’s easy. You can get the flu shot at many locations, like pharmacies and grocery stores.
It helps protect you and others. A flu shot can lower your chance of getting sick and spreading the flu to others.
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-09-20 20:00:002023-09-21 15:07:27Get your flu shot this fall at no cost
U.S. authorities are seeking evidence from Credit Suisse to assess whether the bank misled investors about its financial health as it teetered towards a state-backed rescue by UBS six months ago. Credit Suisse “has received requests for documents and information” …
https://www.maddoxinsured.com/wp-content/uploads/2023/09/credit-suisse-sign-in-zurich-AP-580x342-1.jpg342580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-09-20 09:18:282023-09-20 15:00:01US Authorities Scrutinize if Credit Suisse Misled Investors Before UBS Rescue: Filing
United Airlines Holdings Inc. discovered dubious parts in two aircraft engines, adding to the list of carriers worldwide that have found bogus components from supplier AOG Technics Ltd. The parts were discovered in a single engine on each of two …
https://www.maddoxinsured.com/wp-content/uploads/2023/09/united-airlines-aircraft-at-denver-international-airport-bloomberg-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-09-20 04:03:502023-09-20 15:00:02United Airlines Is Latest to Discover Bogus Parts in Plane Engines
The Department of Homeland Security wants Congress and other federal agencies to help it streamline 52 different cyber reporting requirements to protect critical infrastructure and ease regulatory burdens on hacking victims. On Tuesday, it released a 107-page report that it …
https://www.maddoxinsured.com/wp-content/uploads/2023/09/fiber-optic-and-copper-ethernet-cables-bloomberg-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-09-20 03:01:322023-09-20 15:00:03US Federal Agencies Aim to Streamline ‘Hodgepodge’ of Cyber Reporting Rules
Eli Lilly & Co. is suing medical spas, wellness centers and compounding pharmacies in various US states that sell unapproved versions of its blockbuster diabetes drug Mounjaro, which is frequently used off-label for weight loss. In lawsuits Lilly said it …
Home insurance costs that have soared in much of the US may get even higher. Tens of millions of properties around the country are insured at prices that haven’t caught up with the danger of hurricanes, wildfires and floods, according …
https://www.maddoxinsured.com/wp-content/uploads/2023/09/homes-in-miramar-florida-getty-580x398-1.jpg398580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-09-20 02:00:152023-09-20 15:00:05US Home Insurance ‘Bubble’ Closer to Popping as Climate Risks Mount: Report
Everest Insurance, the insurance division of Everest Group Ltd., has launched a dedicated U.S. Wholesale and Programs Division to serve the distinct and evolving needs of this market. “This dedicated offering reflects Everest’s decades of experience and exceptional support for …
https://www.maddoxinsured.com/wp-content/uploads/2023/09/business-growth-477642359-bigstock-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-09-19 09:52:112023-09-19 15:05:29Everest Insurance Launches Dedicated Wholesale, Programs Market Division in US
Canopius Group, the London-based specialty re/insurer, announced the strategic expansion of its U.S. casualty business with its entry into the domestic U.S. excess casualty market on Canopius U.S. Insurance Co. paper. Canopius said the move underscores its commitment to expanding …
https://www.maddoxinsured.com/wp-content/uploads/2023/09/business-career-growth-580x375-1.jpg375580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-09-19 04:42:562023-09-19 15:05:31Markets/Coverages: Canopius Expands Into US Excess Casualty Market
While concerns about a “tsunami of pandemic-related litigation” never quite materialized, according to Woodruff Sawyer in its latest D&O Looking Ahead Guide for 2023, those fears have been replaced with a number of others among D&O insurers. Economic challenges such …
https://www.maddoxinsured.com/wp-content/uploads/2023/09/boardroom-empty-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-09-19 03:52:062023-09-19 15:05:32Woodruff Sawyer: Softer D&O Market Still Offers Concerns for Underwriters
Hackers who breached casino giants MGM Resorts International and Caesars Entertainment in recent weeks also broke into the systems of three other companies in the manufacturing, retail, and technology space, a security executive familiar with the matter said. David Bradbury, …
https://www.maddoxinsured.com/wp-content/uploads/2023/09/bigstock-hackers-coding-ransomware-371607862-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-09-19 03:43:542023-09-19 15:05:33Hackers Who Breached Casino Giants MGM, Caesars also Hit 3 Other Firms, Okta Says
Cyber risk headlines are dominated by rising ransomware activity and soaring global data breach costs. The increased ransomware activity, driven largely by threat actor financial motives, has indiscriminately affected all industry segments – from large corporate clients to small to …
https://www.maddoxinsured.com/wp-content/uploads/2023/09/computer-motherboard-470971169-bigstock-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-09-19 02:50:212023-09-19 15:05:34Viewpoint: IT Asset Disposition Is Growing Cyber Security Threat for All Organizations
Product liability cases are increasing, according to Lex Machina’s annual Product Liability Litigation Report, with 5,826 such cases in federal courts in 2022. The data analyzed by Lex Machina, a LexisNexis company, shows that “product liability cases are generally increasing …
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-09-19 01:10:222023-09-19 15:05:34Product Liability Cases on the Rise: Lex Machina
Allstate Records About $640M in August Cat Losses, Half From Maui Wildfire
Allstate reported about $641 million in August catastrophe losses from 18 events, with about half coming from the Maui wildfire. The losses for the month of August were $551 million or $435 million, after-tax, partially offset by favorable reserve reestimates …
Openly Secures $100 Million in Series D Funding
Insurtech homeowners insurer Openly said has raised $100 million in Series D funding, led by Eden Global Partners. There was additional participation in the round from a mix of current and new investors including Gradient Ventures, Clocktower Technology Ventures, Trinity …
Markets/Coverages: AmTrust Introduces Admitted Lawyers Professional Liability
Global specialty P/C insurer AmTrust Financial Services introduced a new admitted lawyers professional liability policy from AmTrust PRO for mid-sized law firms. “In today’s competitive and complex legal environment, even a small error or simple oversight by an individual attorney …
MGM Resorts Recovers From Cyberattack, but Still No Digital Room Keys
MGM Resorts said on Wednesday its hotels and casinos were back to normal operations but it was working to resolve issues at its luxury Excalibur hotel and casino in Las Vegas, over a week after a cyberattack disrupted its systems. …
John Grisham, Other Top Authors Sue OpenAI Over Copyrights
A trade group for U.S. authors has sued OpenAI in Manhattan federal court on behalf of prominent writers including John Grisham, Jonathan Franzen, George Saunders, Jodi Picoult and “Game of Thrones” novelist George R.R. Martin, accusing the company of unlawfully …
Berkshire Hathaway Energy Shows Unusual Risk Appetite in Wildfire Court Fight
Berkshire Hathaway Energy Co.’s PacifiCorp has been battered in an unprecedented court fight over the utility’s failure to prevent massive wildfire destruction in Oregon. The largest grid operator in the western US faces the risk that it will have to …
Viewpoint: A New Risk Landscape Emerges for Global Maritime Industry
Executive Summary: The International Group of P&I Clubs offers a unique lens into the intricate web of maritime risk that influences both the insurance sector and the maritime industry globally. From this perspective, one thing is abundantly clear: A “new …
Social Security Demands Billions From Workers’ Comp Recipients, Others for Overpayments
The Social Security Administration is trying to claw back billions of dollars in disability overpayments, many of them made to people who received workers’ compensation payouts for injuries, an analysis has found. KFF Health News, part of the Kaiser Family …
Get your flu shot this fall at no cost
It’s important to get the flu shot to protect you and your family from this potentially serious disease. The Centers for Disease Control and Prevention recommends that everyone 6 months and older get a flu shot by the end of October.
3 reasons to get the flu shot this year:
Get more information on protecting yourself from the flu.
US Authorities Scrutinize if Credit Suisse Misled Investors Before UBS Rescue: Filing
U.S. authorities are seeking evidence from Credit Suisse to assess whether the bank misled investors about its financial health as it teetered towards a state-backed rescue by UBS six months ago. Credit Suisse “has received requests for documents and information” …
United Airlines Is Latest to Discover Bogus Parts in Plane Engines
United Airlines Holdings Inc. discovered dubious parts in two aircraft engines, adding to the list of carriers worldwide that have found bogus components from supplier AOG Technics Ltd. The parts were discovered in a single engine on each of two …
US Federal Agencies Aim to Streamline ‘Hodgepodge’ of Cyber Reporting Rules
The Department of Homeland Security wants Congress and other federal agencies to help it streamline 52 different cyber reporting requirements to protect critical infrastructure and ease regulatory burdens on hacking victims. On Tuesday, it released a 107-page report that it …
Eli Lilly Sues Businesses Selling Knockoff Versions of Mounjaro
Eli Lilly & Co. is suing medical spas, wellness centers and compounding pharmacies in various US states that sell unapproved versions of its blockbuster diabetes drug Mounjaro, which is frequently used off-label for weight loss. In lawsuits Lilly said it …
US Home Insurance ‘Bubble’ Closer to Popping as Climate Risks Mount: Report
Home insurance costs that have soared in much of the US may get even higher. Tens of millions of properties around the country are insured at prices that haven’t caught up with the danger of hurricanes, wildfires and floods, according …
Everest Insurance Launches Dedicated Wholesale, Programs Market Division in US
Everest Insurance, the insurance division of Everest Group Ltd., has launched a dedicated U.S. Wholesale and Programs Division to serve the distinct and evolving needs of this market. “This dedicated offering reflects Everest’s decades of experience and exceptional support for …
Markets/Coverages: Canopius Expands Into US Excess Casualty Market
Canopius Group, the London-based specialty re/insurer, announced the strategic expansion of its U.S. casualty business with its entry into the domestic U.S. excess casualty market on Canopius U.S. Insurance Co. paper. Canopius said the move underscores its commitment to expanding …
Woodruff Sawyer: Softer D&O Market Still Offers Concerns for Underwriters
While concerns about a “tsunami of pandemic-related litigation” never quite materialized, according to Woodruff Sawyer in its latest D&O Looking Ahead Guide for 2023, those fears have been replaced with a number of others among D&O insurers. Economic challenges such …
Hackers Who Breached Casino Giants MGM, Caesars also Hit 3 Other Firms, Okta Says
Hackers who breached casino giants MGM Resorts International and Caesars Entertainment in recent weeks also broke into the systems of three other companies in the manufacturing, retail, and technology space, a security executive familiar with the matter said. David Bradbury, …
Viewpoint: IT Asset Disposition Is Growing Cyber Security Threat for All Organizations
Cyber risk headlines are dominated by rising ransomware activity and soaring global data breach costs. The increased ransomware activity, driven largely by threat actor financial motives, has indiscriminately affected all industry segments – from large corporate clients to small to …
Product Liability Cases on the Rise: Lex Machina
Product liability cases are increasing, according to Lex Machina’s annual Product Liability Litigation Report, with 5,826 such cases in federal courts in 2022. The data analyzed by Lex Machina, a LexisNexis company, shows that “product liability cases are generally increasing …