Bayer said on Thursday it would book an additional provision of $4.5 billion related to litigation which alleges that its weedkiller Roundup can cause cancer. Bayer made the announcement in an update to investors on how it plans to deal …
https://www.maddoxinsured.com/wp-content/uploads/2021/07/bayer-logo-germany-580x435-1.jpg435580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-07-30 09:03:032021-07-30 15:00:31Bayer Books Additional $4.5 Billion for Roundup Litigation
At-Bay pulled in a whopping $185 million in new financing that the cyber insurance startup plans to use for new product development, expansion into new markets and hiring more employees. Including the new round, the managing general underwriter said it …
https://www.maddoxinsured.com/wp-content/uploads/2021/07/startup-funding-rocket-arrow-580x384-1.jpg384580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-07-30 08:52:092021-07-30 15:00:32‘Real Time’ Cyber Risk Specialist At-Bay Pulls In $185M as Antidote to Insurance Spiral
The share of policyholders who filed a cyberattack claim jumped by 50% from the first half of 2020 compared to the first half of 2021, according to a new report by cyber insurer Coalition. An increasing number of attacks were …
https://www.maddoxinsured.com/wp-content/uploads/2021/07/cyber-crime-476x580-1.jpg580476wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-07-30 08:07:052021-07-30 15:00:33Cyber Criminals Target Remote Workers and ‘Critical Infrastructure to Corner Stores’
Incidents with unruly passengers have become an everyday occurrence for flight attendants. A national survey of nearly 5,000 flight attendants found that more than 85 percent of all respondents had dealt with unruly passengers as air travel picked up in …
https://www.maddoxinsured.com/wp-content/uploads/2021/07/airplane-passenger-facial-mask-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-07-30 07:52:502021-07-30 15:00:3585% of Flight Attendants Report Incidents With Unruly Passengers
The U.S. Centers for Disease Control and Prevention (CDC) has described the Delta variant of the coronavirus as being as transmissible as chickenpox and cautioned it could cause severe disease, the Washington Post said, citing an internal CDC document. The …
The Hartford today announced it earned $900 million in net income in the second quarter of this year, a 94% jump from second quarter 2020. Core earnings of $836 million were up 91% from second quarter 2020. “Our performance was …
https://www.maddoxinsured.com/wp-content/uploads/2021/07/Hartford-Financial-Services-580x386-1.jpg386580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-07-29 10:57:482021-07-29 15:04:48The Hartford Reports Q2 Net Income Up 94%; Boasts ‘Superb’ P/C Results
Chubb Chairman and CEO Evan Greenberg is doubling down against outlawing ransomware payments to address the the growing threat of ransomware. He appears to make an exception, however, for cryptocurrency payments. “While I don’t think the government should outlaw ransomware …
https://www.maddoxinsured.com/wp-content/uploads/2021/07/cyberattack-ransomware-malware-580x304-1.jpg304580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-07-29 10:30:142021-07-29 15:04:49Chubb CEO Greenberg Stresses Need to Address Ransomware and ‘Systemic’ Cyber Risk
The Hanover Insurance Group Inc. said it has enhanced its product suites for lawyers and healthcare facilities. The Hanover Lawyers Advantage product suite offers stand-alone professional liability coverage for a wide range of law firms. In addition to a new …
Fitch Ratings said it does not expect Liberty Mutual Holding Co. Inc.’s ratings to be impacted by its planned acquisition of State Auto Group for an estimated $1 billion of cash consideration. “Given the relative size of the two organizations …
https://www.maddoxinsured.com/wp-content/uploads/2021/07/execs-wholesalers-at-center-580x291-1.jpg291580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-07-29 09:01:542021-07-29 15:04:50Fitch Sees No Ratings Change, ‘Modest Benefit’ for Liberty Mutual in State Auto Buy
Agentero raised $13.5 million in new financing designed to boost and help expand its digital insurance network for agents. The California-based insurtech, launched in 2017, is designed to help insurance agents access digitally-savvy insurance carriers and boost their revenues. Agentero …
https://www.maddoxinsured.com/wp-content/uploads/2021/07/insurtech-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-07-29 08:40:302021-07-29 15:04:52Insurtech Agentero to Expand Digital Network for Agents After Raising $13.5M
A U.S. congressional panel has asked Johnson & Johnson to provide it all documents related to the company’s plans to put its talc liabilities into bankruptcy, according to a letter sent on Wednesday and seen by Reuters. Democrat Raja Krishnamoorthi, …
https://www.maddoxinsured.com/wp-content/uploads/2021/07/Baby.Powder-580x387-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-07-29 08:21:182021-07-29 15:04:53Congressional Committee Asks J&J For Details on Talcum Liability Bankruptcy Plans
Private property/casualty insurers in the U.S. saw their net income after taxes increase significantly in the first quarter to $20 billion from $17.9 billion in the first quarter of 2020. Growth was fueled, in part, by an increase in realized …
https://www.maddoxinsured.com/wp-content/uploads/2021/07/San-Marcos-Winter-Storm-JV-TT-13-580x389-1.jpg389580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-07-29 07:47:232021-07-29 15:04:53P/C Insurers’ Boost Net Income But Extreme Weather Hurts Underwriting in Q1
The California Climate Insurance Working Group has released 40 state and local policy recommendations focused on reducing damage and improving recovery following a wildfire, extreme heat wave, or flood. The report “Protecting Communities, Preserving Nature, and Building Resiliency; How First-of-Its-Kind …
You can change Marketplace health coverage if you’re already enrolled or can apply for the first time during the 2021 Special Enrollment Period through August 15, 2021.
https://www.maddoxinsured.com/wp-content/uploads/2021/07/2021-covid-SEP-winding-down.png640960wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-07-28 20:00:002021-07-29 15:04:58Want to enroll in or change a 2021 Marketplace health plan?
Chubb released positive second quarter results, driven by gains in its commercial property/casualty business and related rate hikes in the sector. The company called it a “record quarter” with “robust” numbers. The company said it had its best property/casualty premium …
https://www.maddoxinsured.com/wp-content/uploads/2021/07/bigstock-business-analysis-financial-growth-projection-425708174-580x326-1.jpg326580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-07-28 10:21:462021-07-28 14:59:27Chubb Is ‘Firing On All Cylinders,’ Says CEO Greenberg After Record Results for Q2
In a legislative flurry, 30 states instituted liability protections in late 2020 and early 2021 designed to protect businesses from COVID-19 lawsuits, out of fear that companies would be sued for exposing workers, clients or vendors to the swiftly spreading, …
https://www.maddoxinsured.com/wp-content/uploads/2021/07/disney_visitors_stateline_ap-580x326-1.jpg326580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-07-28 09:40:522021-07-28 14:59:28States Braced for a Wave of COVID Lawsuits. It Never Arrived.
Of the 2 million people clogging airport security lines and gate areas again each day, one crowd is still largely missing: business travelers. Their absence is noteworthy because they are a key source of revenue and profit, underpinning a record-breaking …
https://www.maddoxinsured.com/wp-content/uploads/2021/07/black-swan-graphic-bloomberg-580x320-1.jpg320580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-07-28 08:57:112021-07-28 14:59:29Businesses Show They’re in No Rush to Resume Busy Travel Schedules
As a resurgence in Covid-19 cases prompts more U.S. employers to require vaccinations, workers who object face a common response: Get a shot or get another job. In the past six weeks alone, a federal judge in Texas dismissed a …
https://www.maddoxinsured.com/wp-content/uploads/2021/07/vaccine_requirement_bloomberg-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-07-28 08:11:432021-07-28 14:59:31Pressure on Workers to Get Vaccine Grows as Patience Runs Thin for U.S. Employers
The White House on Tuesday praised the Justice Department’s successful effort to stop a $30 billion deal that would have created the world’s biggest insurance broker, saying the agency’s work was “robust enforcement of the antitrust laws.” Aon Plc and …
https://www.maddoxinsured.com/wp-content/uploads/2021/07/white-house-panel-climate-threat-580x326-1.jpg326580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-07-28 07:38:182021-07-28 14:59:32White House Calls Nixing of Aon-Willis Deal ‘Robust Enforcement’ of Antitrust Laws
Global commercial insurance prices rose 15% in the 2021 second quarter, continuing a stunning track record of increases but far from their peak at the end of 2020, according to a new Marsh report. The Q2 numbers reflect the 15th …
https://www.maddoxinsured.com/wp-content/uploads/2021/07/insurance-soft-market-prices-580x580-1.jpg580580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2021-07-28 02:29:222021-07-28 14:59:33Global Commercial Insurance Price Hikes Moderated Further in Q2: Marsh
Bayer Books Additional $4.5 Billion for Roundup Litigation
/in bayer glyphosate, Bayer Monsanto, National News, roundup litigation, weedkiller /by wpmaddoxinsBayer said on Thursday it would book an additional provision of $4.5 billion related to litigation which alleges that its weedkiller Roundup can cause cancer. Bayer made the announcement in an update to investors on how it plans to deal …
‘Real Time’ Cyber Risk Specialist At-Bay Pulls In $185M as Antidote to Insurance Spiral
/in At-Bay, Business Moves & Mergers, cyber insurance, cybersecurity, InsurTech, insurtech funding, National News /by wpmaddoxinsAt-Bay pulled in a whopping $185 million in new financing that the cyber insurance startup plans to use for new product development, expansion into new markets and hiring more employees. Including the new round, the managing general underwriter said it …
Cyber Criminals Target Remote Workers and ‘Critical Infrastructure to Corner Stores’
/in Coalition cyber insurance, cyber attack, cyber claims, cyber insurance, cybercrime, Microsoft Remote Desktop (RDP), National News, ransomware, Research and Trends /by wpmaddoxinsThe share of policyholders who filed a cyberattack claim jumped by 50% from the first half of 2020 compared to the first half of 2021, according to a new report by cyber insurer Coalition. An increasing number of attacks were …
85% of Flight Attendants Report Incidents With Unruly Passengers
/in airplane safety, flight attendants, National News, Research and Trends, unruly passengers, workers' compensation /by wpmaddoxinsIncidents with unruly passengers have become an everyday occurrence for flight attendants. A national survey of nearly 5,000 flight attendants found that more than 85 percent of all respondents had dealt with unruly passengers as air travel picked up in …
CDC Describes Delta Variant as Highly Contagious – Report
/in Centers for Disease Control (CDC), communicable disease, Coronavirus, covid-19, delta variant, National News, Research and Trends, Top Story /by wpmaddoxinsThe U.S. Centers for Disease Control and Prevention (CDC) has described the Delta variant of the coronavirus as being as transmissible as chickenpox and cautioned it could cause severe disease, the Washington Post said, citing an internal CDC document. The …
The Hartford Reports Q2 Net Income Up 94%; Boasts ‘Superb’ P/C Results
/in 2021 financial results, hartford financial results 2021, National News, The Hartford, The Hartford Insurance Company /by wpmaddoxinsThe Hartford today announced it earned $900 million in net income in the second quarter of this year, a 94% jump from second quarter 2020. Core earnings of $836 million were up 91% from second quarter 2020. “Our performance was …
Chubb CEO Greenberg Stresses Need to Address Ransomware and ‘Systemic’ Cyber Risk
/in Chubb CEO Evan Greenberg, chubb cyber, cryptocurrencies, cyber insurance, National News, ransomware /by wpmaddoxinsChubb Chairman and CEO Evan Greenberg is doubling down against outlawing ransomware payments to address the the growing threat of ransomware. He appears to make an exception, however, for cryptocurrency payments. “While I don’t think the government should outlaw ransomware …
The Hanover Enhances Product Suites for Lawyers, Healthcare Facilities
/in Agents & Brokers, healthcare facilities, lawyers professional liability, Markets/Coverages, National News, P&C Companies, Professional/Management/Employers Liability, Risk Management /by wpmaddoxinsThe Hanover Insurance Group Inc. said it has enhanced its product suites for lawyers and healthcare facilities. The Hanover Lawyers Advantage product suite offers stand-alone professional liability coverage for a wide range of law firms. In addition to a new …
Fitch Sees No Ratings Change, ‘Modest Benefit’ for Liberty Mutual in State Auto Buy
/in 2021 M&A, Business Moves & Mergers, Fitch Ratings, independent agency channel, LIberty Mutual, National News, state auto /by wpmaddoxinsFitch Ratings said it does not expect Liberty Mutual Holding Co. Inc.’s ratings to be impacted by its planned acquisition of State Auto Group for an estimated $1 billion of cash consideration. “Given the relative size of the two organizations …
Insurtech Agentero to Expand Digital Network for Agents After Raising $13.5M
/in agency insurtech, agentero, insurtech funding, National News /by wpmaddoxinsAgentero raised $13.5 million in new financing designed to boost and help expand its digital insurance network for agents. The California-based insurtech, launched in 2017, is designed to help insurance agents access digitally-savvy insurance carriers and boost their revenues. Agentero …
Congressional Committee Asks J&J For Details on Talcum Liability Bankruptcy Plans
/in J&J bankruptcy, J&J talcum, Johnson & Johnson baby powder, National News, talcum liability /by wpmaddoxinsA U.S. congressional panel has asked Johnson & Johnson to provide it all documents related to the company’s plans to put its talc liabilities into bankruptcy, according to a letter sent on Wednesday and seen by Reuters. Democrat Raja Krishnamoorthi, …
P/C Insurers’ Boost Net Income But Extreme Weather Hurts Underwriting in Q1
/in 2021 financial results, American Property Casualty Insurance Association (APCIA), National News, P/C insurance results 2021, Research and Trends, Verisk /by wpmaddoxinsPrivate property/casualty insurers in the U.S. saw their net income after taxes increase significantly in the first quarter to $20 billion from $17.9 billion in the first quarter of 2020. Growth was fueled, in part, by an increase in realized …
Scientists Call for Urgent Climate Change Action, Citing ‘Tipping Point’
/in California Insurance Commissioner Ricardo Lara, Climate Change, Climate Control, global warming, Lloyd's, National News /by wpmaddoxinsThe California Climate Insurance Working Group has released 40 state and local policy recommendations focused on reducing damage and improving recovery following a wildfire, extreme heat wave, or flood. The report “Protecting Communities, Preserving Nature, and Building Resiliency; How First-of-Its-Kind …
Want to enroll in or change a 2021 Marketplace health plan?
/in Uncategorized /by wpmaddoxinsYou can change Marketplace health coverage if you’re already enrolled or can apply for the first time during the 2021 Special Enrollment Period through August 15, 2021.
Read more
Chubb Is ‘Firing On All Cylinders,’ Says CEO Greenberg After Record Results for Q2
/in 2021 financial results, Chubb CEO Evan Greenberg, Chubb financial results 2021, National News /by wpmaddoxinsChubb released positive second quarter results, driven by gains in its commercial property/casualty business and related rate hikes in the sector. The company called it a “record quarter” with “robust” numbers. The company said it had its best property/casualty premium …
States Braced for a Wave of COVID Lawsuits. It Never Arrived.
/in COVID business liability shields, covid-19, employer liability, National News, pandemic business liability, state coronavirus actions, state liability insurance laws, Top Story /by wpmaddoxinsIn a legislative flurry, 30 states instituted liability protections in late 2020 and early 2021 designed to protect businesses from COVID-19 lawsuits, out of fear that companies would be sued for exposing workers, clients or vendors to the swiftly spreading, …
Businesses Show They’re in No Rush to Resume Busy Travel Schedules
/in airline travel, business travel, corporate travel, covid-19, National News /by wpmaddoxinsOf the 2 million people clogging airport security lines and gate areas again each day, one crowd is still largely missing: business travelers. Their absence is noteworthy because they are a key source of revenue and profit, underpinning a record-breaking …
Pressure on Workers to Get Vaccine Grows as Patience Runs Thin for U.S. Employers
/in Coronavirus, COVID worker safety, covid-19, employee vaccines, mandatory vaccine, National News, Top Story, Vaccinations, workplace safety /by wpmaddoxinsAs a resurgence in Covid-19 cases prompts more U.S. employers to require vaccinations, workers who object face a common response: Get a shot or get another job. In the past six weeks alone, a federal judge in Texas dismissed a …
White House Calls Nixing of Aon-Willis Deal ‘Robust Enforcement’ of Antitrust Laws
/in antitrust enforcement., Aon Willis Towers Watson merger, National News /by wpmaddoxinsThe White House on Tuesday praised the Justice Department’s successful effort to stop a $30 billion deal that would have created the world’s biggest insurance broker, saying the agency’s work was “robust enforcement of the antitrust laws.” Aon Plc and …
Global Commercial Insurance Price Hikes Moderated Further in Q2: Marsh
/in 2021 renewals, International & Reinsurance News, Marsh, National News, Research and Trends /by wpmaddoxinsGlobal commercial insurance prices rose 15% in the 2021 second quarter, continuing a stunning track record of increases but far from their peak at the end of 2020, according to a new Marsh report. The Q2 numbers reflect the 15th …