Article

Resilience, a company that offers cyber risk solutions, has extended its technology errors and omissions (tech E&O) insurance to serve more businesses in the US, UK, and EU. The updated policy now covers clients with revenues over $25 million in the US, £50 million in the UK, and €25 million in the EU. This expansion … Read more

Marsh McLennan, a major player in the insurance industry, has shared some eye-opening updates about the market and its own plans moving forward. John Doyle, the company’s president and CEO, highlighted a concerning gap: insurance prices are dropping, but the cost of risk keeps going up. This, he warns, isn’t a balance that can hold … Read more

An Oregon bill aimed at lowering wildfire insurance rates by rewarding homeowners for taking safety measures has stalled in the state legislature. Despite support from both sides of the aisle, the proposed Senate Bill 1540 faced last-minute pushback from the insurance industry, ultimately preventing it from moving forward this session. The legislation, sponsored by Senator … Read more

Sacramento-based Inszone has joined forces with Charles James Cayias Insurance Inc., a family-run agency from Salt Lake City. This move strengthens Inszone’s presence in Utah, where it already operates offices in Orem and Provo. Charles James Cayias Insurance has been around since 1997, started by Charley James Cayias and his wife, Cyndia. Charley, who has … Read more

Homeowners who rent out their properties on platforms like Airbnb or Vrbo may face big problems with their insurance coverage. A new report from the Insurance Information Institute (Triple-I) warns that standard homeowners insurance often doesn’t cover the risks tied to short-term rentals. This leaves owners vulnerable if something goes wrong. The short-term rental market … Read more

A Bermuda-based insurance company that covered several well-known New York hospitals has declared it can no longer pay its child sex abuse claims. Northeast Insurance Co. has told the Bermuda Supreme Court it is insolvent and asked a U.S. bankruptcy court in New York to recognize this move. Northeast stopped selling new insurance policies in … Read more

The U.S. Chamber of Commerce has taken legal action against the Trump administration over a new $100,000 fee on H-1B visa applications. The lawsuit, filed in Washington, D.C., challenges the fee as illegal, saying it goes against federal immigration laws and makes it too expensive for many U.S. companies to hire skilled foreign workers. The … Read more

The J.M. Smucker Company has filed a lawsuit against Trader Joe’s, claiming the grocery chain’s new frozen peanut butter and jelly sandwiches look too much like Smucker’s popular Uncrustables. The legal action was taken in a federal court in Ohio this week. Smucker says Trader Joe’s sandwiches share key design features with Uncrustables, such as … Read more

Tensions are rising between the United States, Israel, and Iran, sparking worries about possible cyber attacks on Western businesses. Experts say the biggest threat might not come directly from Iran’s own hackers but from allied groups and hackers taking advantage of the situation. Matthieu Chan Tsin, a senior leader at cyber insurance provider Cowbell, explained … Read more

RB Jones, a managing general underwriter within the H.W. Kaufman Group, has appointed Michael Hattaway as president to lead its underwriting operations. Hattaway will oversee the company’s marine, energy, property, and professional liability lines from New York City, reporting directly to H.W. Kaufman co-president Jodie Kaufman Davis. Hattaway brings nearly 20 years of experience in … Read more