Members of New Jersey’s Supreme Court sounded skeptical at times Monday about the effort of a Catholic diocese to stop the state from empaneling a grand jury to investigate clergy sexual abuse allegations. The high court is considering the state …
Court Questions NJ Diocese’s Bid to Block Grand Jury on Clergy Sex Abuse Read More »
Dustin Childs can still describe the best demonstration of a winning hack at an international tournament he’s ever seen. It happened almost a decade ago. The participants had to find a way to break into a Windows workstation that was …
Chinese Hacking Competitions Fuel the Country’s Broad Cyber Ambitions Read More »
The regulatory landscape in the Asia-Pacific region is rapidly evolving, influencing insurers’ risk management and capital adequacy. Australia and Malaysia are two examples of markets where recent regulatory developments are likely to influence the use of reinsurance, in particular. Regulators …
Viewpoint: Regulatory Proposals in Australia, Malaysia Reshape Reinsurance Strategies Read More »
Hackers linked to Russia’s government launched a cyberattack last spring against municipal water plants in rural Texas. At one plant in Muleshoe, population 5,000, water began to overflow. Officials had to unplug the system and run the plant manually. The …
Countries Shore Up Digital Defenses as Global Tensions Raise Cyberwarfare Threat Read More »
There’s a course-correction underway among financial firms that went all out on ESG hiring just a few years back, according to recruiters advising banks and money managers. Firms have had to acknowledge that the goal of generating the highest profits …
Buyer’s Remorse Hits Finance Bosses Who ‘Overhired’ for ESG Read More »
Ratings agency AM Best has revised the outlook to negative from stable for the members of the NJM Insurance Group (NJM) for the Long-Term Issuer Credit Ratings and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term …
AM Best Revises Credit Rating Outlook to Negative for NJM Insurance Group Read More »
The Workers’ Compensation Insurance Rating Bureau of California submitted a September 1, 2025 pure premium rate filing, proposing advisory pure premium rates on average 11.2% above the average approved September 1, 2024 advisory pure premium rates. The average of the …
California Workers’ Comp Bureau Submits Higher 2025 Pure Premium Rate Filing Read More »
This post is part of a series sponsored by Old Republic Surety. Surety bonds have garnered an unfortunate reputation of being “ugly” or “uncomfortable” for independent insurance agents for many reasons. Unlike a traditional insurance contract, which is a two-party …
BOND: Not an ‘Ugly’ 4-Letter Word Read More »
Allstate Corp. first quarter 2025 net income applicable to common shareholders fell more than 52% to $566 million primarily due to a record $3.3 billion of gross catastrophe losses. The gross loss was partially offset by $1.1 billion of reinsurance …
Allstate Q1 Income Drops 52% on Record $3.3B Gross Catastrophe Losses Read More »
Los Angeles County officials this week approved a $4 billion payout to settle nearly 7,000 claims of sexual abuse in juvenile facilities since 1959. The agreement reached on April 4 far surpasses a $2.6 billion settlement reached in 2022 with …
LA County Approves $4B Payout to Settle Sexual Abuse Claims at Juvenile Facilities Read More »
