Chubb Limited recently announced the launch of the Chubb Methane Resource Hub, a digital resource offering clients information and insights for measuring and mitigating methane emissions. The initiative draws on technical expertise and guidance from Environmental Defense Fund. The hub …
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-11-28 11:10:452023-11-28 14:00:37Chubb Launches Client Methane Resource Center
FTX investors suing the cryptocurrency exchange’s celebrity promoters for allegedly helping to facilitate an $11 billion fraud have some new targets, including Major League Baseball, Formula 1 racing and Mercedes-Benz Group AG’s racing team. Investors’ lawyers sued MLB – the …
https://www.maddoxinsured.com/wp-content/uploads/2023/11/FTX-MLB-umpire-Bloomberg-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-11-28 11:02:522023-11-28 14:00:38MLB, Formula 1 Face Fraud Suits for Promoting FTX Cryptocurrency
A U.S. appeals court on Monday handed 3M, Corteva Inc subsidiary E.I. du Pont de Nemours and Co and other manufacturers of toxic so-called “forever chemicals” a big win in their fight against legal liability for the substances, rejecting a …
https://www.maddoxinsured.com/wp-content/uploads/2023/11/3M-HQ-580x386-1.jpg386580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-11-28 10:13:512023-11-28 14:00:393M, DuPont Defeat Massive Class Action Over Forever Chemicals
A spate of attacks on merchant shipping near Yemen and Somalia, likely triggered by the war in Gaza, have prompted the US to warn vessel operators to be extra careful when navigating the region. On Nov. 19, Houthis seized of …
https://www.maddoxinsured.com/wp-content/uploads/2023/11/houthi-fighters-approach-galaxy-leader-in-red-sea-getty-580x326-1.jpg326580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-11-28 07:57:222023-11-28 14:00:40US Warns of Growing Threats to Ships Sailing Through Red Sea
The National Council of Insurance Legislators (NCOIL) said it elected a new slate of officers at its Annual National Meeting. Texas Representative Tom Oliverson will serve as president; New York Assemblywoman Pamela Hunter was elected as vice president; Minnesota Senator …
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-11-28 02:24:182023-11-28 14:00:40NCOIL Names New Officers at Annual Meeting
The United States, Britain and more than a dozen other countries on Sunday unveiled what a senior U.S. official described as the first detailed international agreement on how to keep artificial intelligence safe from rogue actors, pushing for companies to …
https://www.maddoxinsured.com/wp-content/uploads/2023/11/ai-580x363-1.jpg363580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-11-28 02:00:442023-11-28 14:00:41US, Britain, Other Countries Ink Agreement to Make AI ‘Secure by Design’
Much more work and collaboration needs to be done but the U.S. Treasury has reached a “tentative conclusion” that a potential federal cyber insurance backstop will be focused on catastrophic cyber risk. “We will remain focused on the policy options …
https://www.maddoxinsured.com/wp-content/uploads/2023/11/concept-of-cyberattack-and-data-protection-469256099-bigstock-580x357-1.jpg357580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-11-28 01:05:412023-11-28 14:00:42Federal Cyber Insurance Backstop Is Warranted With Focus on Catastrophic Risk
The Biden administration will announce a redoubling of measures to strengthen supply chains on Monday, expanding an effort it credits with helping to ease post-pandemic inflation. Central to the effort is a new White House Council on Supply Chain Resilience, …
https://www.maddoxinsured.com/wp-content/uploads/2023/11/supply-chain-conatiners-Bloomberg-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-11-27 11:30:392023-11-27 14:01:59White House Touts New Supply Chain Measures as Inflation Eases
Canceled offshore wind projects, imperiled solar factories, fading demand for electric vehicles. A year after passage of the largest climate change legislation in U.S. history, meant to touch off a boom in American clean energy development, economic realities are fraying …
https://www.maddoxinsured.com/wp-content/uploads/2023/11/Renewable-Energy-Clean-580x385-1.jpg385580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-11-27 10:18:532023-11-27 14:02:00Biden’s Clean Energy Agenda Faces Mounting Headwinds
Honda is recalling select 2023-2024 Accord and HR-V vehicles due to a missing piece in the front seat belt pretensioners, which could increase injury risks during a crash. According to notices published by Honda and the National Highway Traffic Safety …
https://www.maddoxinsured.com/wp-content/uploads/2023/11/Honda-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-11-27 02:17:042023-11-27 14:02:01Honda Recalls Select Accords, HR-Vs Over Missing Seat Belt Piece
When Cher Scarlett began speaking up about labor issues at Apple Inc., she knew she was at risk of losing her software engineering job, but was confident she could find another. Yet two years after her departure from the iPhone …
https://www.maddoxinsured.com/wp-content/uploads/2023/11/NLRB-Bloomberg-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-11-27 02:03:252023-11-27 14:02:02US Labor Board Files Complaint Against Mozilla for Refusing to Hire Apple Activist
The agreement by the maker of OxyContin to settle thousands of lawsuits over the harm done by opioids could help combat the overdose epidemic that the painkiller helped spark. But that does not mean all the victims are satisfied. In …
https://www.maddoxinsured.com/wp-content/uploads/2023/11/opioid-crisis-victime-AP-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-11-27 01:30:392023-11-27 14:02:02SCOTUS to Hear Purdue Pharma Settlement Plan That’s Dividing Opioid Victims
After a costly 2023 severe convective storm season in the US, reinsurers underwriting in the regional property catastrophe market are skeptical about providing frequency cover, but their overall appetite remains healthy, according to Gallagher Re. Carriers are less willing to …
https://www.maddoxinsured.com/wp-content/uploads/2023/11/super-cell-AP-photo-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-11-22 12:39:582023-11-22 13:59:35Reinsurers Cautious About US Regional Property Cat as Storm Losses Rise: Gallagher Re
Thanksgiving seems like the safest of holidays. No fireworks, no green beer, no candles burning brightly next to tinsel-covered kindling. Just eat your dinner, take a nap and call it a day. And yet, Thanksgiving is among the most dangerous …
https://www.maddoxinsured.com/wp-content/uploads/2023/11/bigstock-Thanksgiving-dinner-Thanksgiv-153044570-580x395-1.jpg395580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-11-22 10:10:122023-11-22 13:59:36Beware! Thanksgiving Risks to Watch
The same conservative activists who helped gut race-related college admissions at the US Supreme Court have now set their sights on corporate diversity programs, barraging airlines, tech giants and law firms with lawsuits and complaints. And they’re already having an …
https://www.maddoxinsured.com/wp-content/uploads/2023/11/former-trump-adviser-stephen-miller-bloomberg-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-11-22 07:59:052023-11-22 13:59:37Corporate America Is Rethinking Diversity Hiring as Legal Challenges Rise
In February 2019, Binance Holdings Ltd.’s then-Chief Compliance Officer Samuel Lim acknowledged that the cryptocurrency exchange was being used to funnel money to Hamas, explaining to a colleague that terrorists normally sent “small sums.” Hamas could “barely buy an AK47 …
https://www.maddoxinsured.com/wp-content/uploads/2023/11/binance-logo-on-laptop-bloomberg-via-getty-580x387-1.jpg387580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-11-22 06:41:132023-11-22 13:59:38Binance Was Used to Funnel Money to Hamas, Other Militant Groups
Despite the reversal seen in the U.S. equity market and rising inflation and interest rates, property/casualty insurers performed well in 2022, according to the latest report on the long-term impairment rates of U.S.-domiciled insurance companies. The report released earlier this …
https://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance.png512512wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-11-22 03:24:492023-11-22 13:59:38AM Best: Number of P/C Gross Impairments Falls in 2022; No Net Impairments
Specialist insurer CFC announced a major upgrade to its packaged insurance policies for professional services businesses. Brokers selling CFC’s professional liability policies can offer SME clients add-on cyber cover that now includes broad cybercrime coverage, as well as giving SMEs …
A Florida judge found “reasonable evidence” that Tesla Chief Executive Elon Musk and other managers knew the automaker’s vehicles had a defective Autopilot system but still allowed the cars to be driven unsafely, according to a ruling. Judge Reid Scott, …
https://www.maddoxinsured.com/wp-content/uploads/2023/11/Tesla-inside-Bigstock-580x369-1.jpg369580wpmaddoxinshttps://www.maddoxinsured.com/wp-content/uploads/2020/12/maddox-insurance-agency.pngwpmaddoxins2023-11-22 02:03:402023-11-22 13:59:39Judge Finds Evidence That Tesla, Musk Knew About Autopilot Defect
The threat of cargo theft activity this Thanksgiving is “extremely high” and “unlike any recent year,” according to CargoNet. CargoNet, a Verisk product, has tracked a sharp increase in year-over-year theft reports. Since November 2022, the average number of reports …
Chubb Launches Client Methane Resource Center
Chubb Limited recently announced the launch of the Chubb Methane Resource Hub, a digital resource offering clients information and insights for measuring and mitigating methane emissions. The initiative draws on technical expertise and guidance from Environmental Defense Fund. The hub …
MLB, Formula 1 Face Fraud Suits for Promoting FTX Cryptocurrency
FTX investors suing the cryptocurrency exchange’s celebrity promoters for allegedly helping to facilitate an $11 billion fraud have some new targets, including Major League Baseball, Formula 1 racing and Mercedes-Benz Group AG’s racing team. Investors’ lawyers sued MLB – the …
3M, DuPont Defeat Massive Class Action Over Forever Chemicals
A U.S. appeals court on Monday handed 3M, Corteva Inc subsidiary E.I. du Pont de Nemours and Co and other manufacturers of toxic so-called “forever chemicals” a big win in their fight against legal liability for the substances, rejecting a …
US Warns of Growing Threats to Ships Sailing Through Red Sea
A spate of attacks on merchant shipping near Yemen and Somalia, likely triggered by the war in Gaza, have prompted the US to warn vessel operators to be extra careful when navigating the region. On Nov. 19, Houthis seized of …
NCOIL Names New Officers at Annual Meeting
The National Council of Insurance Legislators (NCOIL) said it elected a new slate of officers at its Annual National Meeting. Texas Representative Tom Oliverson will serve as president; New York Assemblywoman Pamela Hunter was elected as vice president; Minnesota Senator …
US, Britain, Other Countries Ink Agreement to Make AI ‘Secure by Design’
The United States, Britain and more than a dozen other countries on Sunday unveiled what a senior U.S. official described as the first detailed international agreement on how to keep artificial intelligence safe from rogue actors, pushing for companies to …
Federal Cyber Insurance Backstop Is Warranted With Focus on Catastrophic Risk
Much more work and collaboration needs to be done but the U.S. Treasury has reached a “tentative conclusion” that a potential federal cyber insurance backstop will be focused on catastrophic cyber risk. “We will remain focused on the policy options …
White House Touts New Supply Chain Measures as Inflation Eases
The Biden administration will announce a redoubling of measures to strengthen supply chains on Monday, expanding an effort it credits with helping to ease post-pandemic inflation. Central to the effort is a new White House Council on Supply Chain Resilience, …
Biden’s Clean Energy Agenda Faces Mounting Headwinds
Canceled offshore wind projects, imperiled solar factories, fading demand for electric vehicles. A year after passage of the largest climate change legislation in U.S. history, meant to touch off a boom in American clean energy development, economic realities are fraying …
Honda Recalls Select Accords, HR-Vs Over Missing Seat Belt Piece
Honda is recalling select 2023-2024 Accord and HR-V vehicles due to a missing piece in the front seat belt pretensioners, which could increase injury risks during a crash. According to notices published by Honda and the National Highway Traffic Safety …
US Labor Board Files Complaint Against Mozilla for Refusing to Hire Apple Activist
When Cher Scarlett began speaking up about labor issues at Apple Inc., she knew she was at risk of losing her software engineering job, but was confident she could find another. Yet two years after her departure from the iPhone …
SCOTUS to Hear Purdue Pharma Settlement Plan That’s Dividing Opioid Victims
The agreement by the maker of OxyContin to settle thousands of lawsuits over the harm done by opioids could help combat the overdose epidemic that the painkiller helped spark. But that does not mean all the victims are satisfied. In …
Reinsurers Cautious About US Regional Property Cat as Storm Losses Rise: Gallagher Re
After a costly 2023 severe convective storm season in the US, reinsurers underwriting in the regional property catastrophe market are skeptical about providing frequency cover, but their overall appetite remains healthy, according to Gallagher Re. Carriers are less willing to …
Beware! Thanksgiving Risks to Watch
Thanksgiving seems like the safest of holidays. No fireworks, no green beer, no candles burning brightly next to tinsel-covered kindling. Just eat your dinner, take a nap and call it a day. And yet, Thanksgiving is among the most dangerous …
Corporate America Is Rethinking Diversity Hiring as Legal Challenges Rise
The same conservative activists who helped gut race-related college admissions at the US Supreme Court have now set their sights on corporate diversity programs, barraging airlines, tech giants and law firms with lawsuits and complaints. And they’re already having an …
Binance Was Used to Funnel Money to Hamas, Other Militant Groups
In February 2019, Binance Holdings Ltd.’s then-Chief Compliance Officer Samuel Lim acknowledged that the cryptocurrency exchange was being used to funnel money to Hamas, explaining to a colleague that terrorists normally sent “small sums.” Hamas could “barely buy an AK47 …
AM Best: Number of P/C Gross Impairments Falls in 2022; No Net Impairments
Despite the reversal seen in the U.S. equity market and rising inflation and interest rates, property/casualty insurers performed well in 2022, according to the latest report on the long-term impairment rates of U.S.-domiciled insurance companies. The report released earlier this …
Markets/Coverages: CFC Upgrades Packaged Cyber Cover, Services for SMEs
Specialist insurer CFC announced a major upgrade to its packaged insurance policies for professional services businesses. Brokers selling CFC’s professional liability policies can offer SME clients add-on cyber cover that now includes broad cybercrime coverage, as well as giving SMEs …
Judge Finds Evidence That Tesla, Musk Knew About Autopilot Defect
A Florida judge found “reasonable evidence” that Tesla Chief Executive Elon Musk and other managers knew the automaker’s vehicles had a defective Autopilot system but still allowed the cars to be driven unsafely, according to a ruling. Judge Reid Scott, …
Thanksgiving Cargo Theft Threat ‘Extremely High’: CargoNet
The threat of cargo theft activity this Thanksgiving is “extremely high” and “unlike any recent year,” according to CargoNet. CargoNet, a Verisk product, has tracked a sharp increase in year-over-year theft reports. Since November 2022, the average number of reports …