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‘Zoombombing’ Costs Zoom $85 Million Privacy Settlement
News – Insurance Journal Aug 2, 2021 | 01:00 amZoom Video Communications Inc. agreed to pay $85 million and bolster its security practices to settle a lawsuit claiming it violated users’ privacy rights by sharing personal data with Facebook, Google and LinkedIn, and letting hackers disrupt Zoom meetings in[…]
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Oklahoma Court: Progressive’s Uninsured Motorist Exclusion Not Lawful
News – Insurance Journal Jul 30, 2021 | 12:36 pmOklahoma’s highest court recently found that an insurer’s uninsured motorist exclusion violates state law. The Oklahoma Supreme Court came to that conclusion in answering a certified question from the U.S. Court of Appeals for the Tenth Circuit about the UM[…]
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Texas Doctor Convicted of Workers’ Comp Fraud, Drug Crimes
News – Insurance Journal Jul 30, 2021 | 12:31 pmA North Texas doctor will pay $376,368 in restitution after pleading guilty to mail fraud conspiracy in federal court, the Texas Department of Insurance, Division of Workers’ Compensation reported. Clinton Battle M.D. of Arlington pleaded guilty on July 22, 2021,[…]
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Family of Boy Thrown From Balcony Sues Minnesota’s Mall of America
News – Insurance Journal Jul 30, 2021 | 12:29 pmThe family of a boy who was thrown off a third-floor balcony at the Mall of America in April 2019 has filed a lawsuit accusing the mall of failing to provide proper security. The complaint filed says the mall and[…]
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New Mexico Public Defender’s Office Settles Harassment Claims for $345K
News – Insurance Journal Jul 30, 2021 | 12:27 pmTwo lawsuits accusing an investigator in the state public defender’s office of sexual harassment have been settled. The Law Offices of the Public Defender agreed to pay $345,000 to resolve the lawsuits filed in 2019, the Albuquerque Journal reported. Neither[…]
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Arthur J. Gallagher & Co. Acquires R.J. Riordan & Co. in Illinois
News – Insurance Journal Jul 30, 2021 | 12:21 pmArthur J. Gallagher & Co. acquired Oakbrook, Illinois-based R.J. Riordan & Co. R.J. Riordan & Co. is a retail property/casualty broker offering a full range of insurance products and services to clients across the Chicago region. It specializes in serving[…]
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Alaska Quake Triggers Prolonged Shaking, Small Tsunami
News – Insurance Journal Jul 30, 2021 | 12:20 pmA powerful earthquake which struck just off Alaska’s southern coast caused prolonged shaking and prompted tsunami warnings that sent people scrambling for shelters. Residents reported only minor damage, but officials said that could change after sunrise and people get a[…]
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Severe Weather Causes Widespread Damage in Wisconsin
News – Insurance Journal Jul 30, 2021 | 12:18 pmStrong thunderstorms caused widespread damage across Wisconsin, left tens of thousands without power and triggered tornado warnings. The severe weather stretched from the Mississippi River to Lake Michigan and began in the evening on July 28 in northwestern Wisconsin. By[…]
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Monsanto Told to Pay Washington Teachers $185M Over PCB Exposure
News – Insurance Journal Jul 30, 2021 | 12:17 pmThree schoolteachers in Washington state who sued chemical company Monsanto over exposure to materials in fluorescent lights have been awarded $185 million. The law firm that represented the teachers, Friedman Rubin, said a jury returned the verdict in King County[…]
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Reinsurers Show Strong Profits During 2nd Half, Rebounding from 2020’s Challenges
News – Insurance Journal Jul 30, 2021 | 11:01 amThe first half financial results, reported by a group of six reinsurers over the past week, generally show a strong return to profits after last year’s challenging market conditions. A wrap-up of these H1 results follows for Swiss Re, Everest[…]
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Delaware Farm Receives Violation for Damaged Pipeline, Wastewater Spill
News – Insurance Journal Jul 30, 2021 | 09:47 amDelaware environmental officials have issued a notice of violation to Mountaire Farms in Millsboro after a contractor damaged a pipeline and treated wastewater spilled into Swan Creek. The notice from the Department of Natural Resources and Environmental Control states a[…]
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DFS Issues New Report on Insurers’ Management of Climate Change Risks
News – Insurance Journal Jul 30, 2021 | 09:44 amThe New York State Department of Financial Services (DFS) has issued a report analyzing New York domestic insurers’ management of the financial risks from climate change based on their 2020 responses to the National Association of Insurance Commissioners (NAIC) Climate[…]
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Gun Maker Offers $33M to Settle Suit by Sandy Hook Families
News – Insurance Journal Jul 30, 2021 | 09:37 amThe maker of the rifle used in the Sandy Hook Elementary School shooting has offered some of the victims’ families nearly $33 million to settle their lawsuit over how the company marketed the firearm to the public. Lawyers for now-bankrupt[…]
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Bayer Books Additional $4.5 Billion for Roundup Litigation
News – Insurance Journal Jul 30, 2021 | 09:03 amBayer 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[…]
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‘Real Time’ Cyber Risk Specialist At-Bay Pulls In $185M as Antidote to Insurance Spiral
News – Insurance Journal Jul 30, 2021 | 08:52 amAt-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[…]
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Cyber Criminals Target Remote Workers and ‘Critical Infrastructure to Corner Stores’
News – Insurance Journal Jul 30, 2021 | 08:07 amThe 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[…]
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85% of Flight Attendants Report Incidents With Unruly Passengers
News – Insurance Journal Jul 30, 2021 | 07:52 amIncidents 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[…]
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CDC Describes Delta Variant as Highly Contagious – Report
News – Insurance Journal Jul 30, 2021 | 07:22 amThe 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[…]
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UK’s Managing General Agents’ Association (MGAA) Expands to Republic of Ireland
News – Insurance Journal Jul 30, 2021 | 06:27 amThe UK’s Managing General Agents’ Association (MGAA) has expanded its membership into the Republic of Ireland (ROI) following an initiative driven by Chief Executive Mike Keating. The move to enable MGAs, insurers and suppliers to join the association is designed[…]
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Occam Underwriting Promotes Fisher to CEO, Succeeding Gibbins Who Becomes Chair
News – Insurance Journal Jul 30, 2021 | 05:27 amOccam Underwriting, the specialist lines-focused managing general agent, has announced the promotion of Chief Financial Officer Mark Fisher to chief executive officer, subject to regulatory approval. The previous CEO, Lance Gibbins, will continue to serve the company as chair. Fisher[…]
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