Researchers at the Wuhan Institute of Virology in China said they discovered a new coronavirus in bats that enters cells using the same gateway as the virus that causes Covid-19. This virus hasn’t been detected in humans, merely identified in …
COVID-Like Bat Virus Discovered by Researchers in Chinese Lab Read More »
Crypto exchange Bybit said it was hacked, resulting in what analysts estimate was the loss of almost $1.5 billion worth of tokens in the biggest theft ever committed in the industry. Researchers believe North Korean hackers were likely responsible. A …
Bybit Hit by Crypto’s Worst Hack With Almost $1.5 Billion Stolen Read More »
Signaling a major shift in civil rights enforcement, the federal agency that enforces workplace anti-discrimination laws has moved to dismiss six of its own cases on behalf of workers alleging gender identity discrimination, arguing that the cases now conflict with …
EEOC Seeks to Drop Transgender Discrimination Cases Read More »
Warren Buffett’s Berkshire Hathaway on Saturday joined a growing list of American companies to publicly change their approach to discussing their commitment to diversity and inclusion. Berkshire’s annual report includes a section describing how the conglomerate’s 189 operating businesses, which …
Berkshire Hathaway Removes Diversity and Inclusion From Annual Report Read More »
As consumer complaints have apparently mounted over unpaid hurricane losses, Florida’s top insurance regulator and some lawmakers are signaling new scrutiny on insurance carriers’ claims-handling and other practices. Florida Insurance Commissioner Michael Yaworsky late last week posted a memo, demanding …
Florida OIR Wants More Data, Warns Insurers about Concurrent Causation Denials Read More »
Santa Rosa. Paradise. Boulder County. Lahaina. Los Angeles. All are places that have shown that American cities and their water systems weren’t built to withstand wildfire, experts say. Related: California Wildfire Mitigation And Recovery Bill Package Introduced Hydrants trickled. Pumps …
How Better Water Systems Can Help a City Survive The Next Firestorm Read More »
A bill to allow the Washington’s insurance commissioner to order restitution for policyholders harmed by insurance companies moved out of the state Senate Business, Financial Services, and Trade Committee. Senate Bill 5331 gives the commissioner authority to require insurers to …
Washington Bill Would Provide Restitution for Policyholders Harmed by Insurers Read More »
This issue reveals data and compensation insights gathered from Insurance Journal’s annual Agency Salary Survey. For the third year in a row in the survey’s 16-year history, salary averages and total compensation averages (including additional compensation such as profit sharing, …
Why Soft Skills Matter Read More »
Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024—marking the second consecutive quarterly decrease after seven years of rising rates, according to the Global Insurance Market Index published by insurance …
Global Commercial Insurance Rates Drop in Q4 for 2nd Consecutive Quarter: Marsh Read More »
The 22 acquirers that make up the Sica Fletcher Index were involved in 533 agent-broker deals in 2024, down 6% from 2023. Members completed 146 acquisitions during the fourth quarter of 2024. This was 11% less than a year ago. …
Sica Fletcher Index: Total Agency-Broker M&A Revenue Down 26% in 2024 Read More »
