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The world of cyber insurance is facing a new challenge as claims of wrongful data collection rise rapidly, shifting the focus away from traditional data breaches. At the heart of this shift is an old California law, the California Invasion of Privacy Act (CIPA), which was originally created in 1967 to regulate wiretapping. Today, it … Read more

Jeff Pannell, the longtime leader of Farm Bureau Insurance of Tennessee, will step down as CEO at the end of this year. After nearly four decades with the company, Pannell shared the news during the company’s annual agents’ conference. Pannell said he is retiring to spend time with a new grandchild, who is expected soon. … Read more

The Michigan Department of Insurance and Financial Services has suspended two title insurance agents for mishandling customers’ escrow funds. The move comes after an investigation revealed that customers who had paid taxes, utilities, and liens through escrow accounts managed by the agents were notified those payments were not made. The agents in question are Tobby … Read more

The acting head of FEMA, David Richardson, defended the agency’s handling of the recent devastating floods in central Texas, which claimed at least 136 lives. Speaking to a House committee, he rejected criticism that federal response efforts were slow or disorganized. Richardson said the coordination between federal and state agencies worked well, calling it “a … Read more

Ivory Gem, a small Idaho company that sells clothing online, has taken Allstate Insurance to court over a denied claim for damaged inventory worth $267,000. The lawsuit, filed in the U.S. District Court for Idaho, accuses Allstate of undervaluing the loss and delaying payment, which Ivory Gem says forced it to lay off all staff … Read more

Arthur J. Gallagher & Co. has expanded its reach in the Midwest with the acquisition of Strategic Services Group, Inc., an employee benefits consulting firm based in Rochester Hills, Michigan. The financial details of the deal were not made public. Strategic Services Group serves clients throughout Michigan and the wider Midwest region. Key leaders of … Read more

Several big names in the U.S. insurance world have announced new leadership roles recently, signaling fresh directions and growth plans. At Howden, Joe Clark has stepped in as president of its Private Risk Solutions division, while Dale Krupowicz takes on the role of head of operations. Both bring a wealth of experience to the table. … Read more

Wildfires have swept through parts of Turkey and Cyprus, leaving at least twelve people dead and causing widespread damage. The fires, driven by soaring temperatures and strong winds, hit Turkey’s Eskisehir province hardest, where ten forest workers and rescue volunteers lost their lives after being trapped by flames. Fourteen others were injured and taken to … Read more

The California FAIR Plan has raised its coverage limits for commercial properties and introduced a new high-value policy to help businesses that struggle to find insurance elsewhere. This move targets businesses like condominiums, farms, and wineries that cannot get coverage from the regular or excess insurance markets. Under the new rules, the FAIR Plan now … Read more

Last month, a tragic shooting shook northern Idaho when a man opened fire on firefighters before taking his own life. The suspect, 20-year-old Wess Roley, killed two battalion chiefs and wounded another firefighter in what authorities now say was a planned attack. Roley had recently tried to join the fire department but became frustrated when … Read more