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Gucci Owner Kering Says It Was Hacked, Limited Data Accessed
Kering SA, whose luxury brands include Gucci, Saint Laurent and Balenciaga, said Monday it was the victim of a data breach that was discovered in June, the latest in a string of attacks on the consumer goods sector. Hackers accessed …
POSTED SEPTEMBER 16, 2025 7:21 AM |
VW Brown Owner Ripley Takes Over as Chair of Big ‘I’
Angela Ripley, owner and president of Maryland-based VW Brown Insurance Service, is the new chair of the Independent Insurance Agents & Brokers of America (the Big “I”). Ripley became the second woman to serve as chair at the organization’s Fall …
POSTED SEPTEMBER 16, 2025 5:35 AM |
AmTrust Expands E&S Division, Spins Off Some MGAs With Blackstone
AmTrust Financial Services has a busy day on Sept. 15 as it expanded its excess & surplus division to include new lines, appointed leadership, and announced an agreement with Blackstone Credit & Insurance to spin off certain managing general agencies …
POSTED SEPTEMBER 16, 2025 5:17 AM |
Australia Pledges $6 Billion by 2030 to Tackle Climate Hazards as Disaster Risk Rises
Australia will spend A$9 billion ($6 billion) on climate adaptation through 2030 as it braces for more frequent, severe and overlapping hazards caused by global warming, the government said in two climate-related reports on Monday. The money is earmarked for …
POSTED SEPTEMBER 16, 2025 5:05 AM |
Citizens No Longer Winning Most Arbitration Cases. They’re Settling for Next to Nil
Pressure may be mounting on Florida’s Citizens Property Insurance Corp. to reduce its use of state-agency arbitration for claims disputes, following new class-action lawsuits, court rulings and national news reports suggesting the alternative dispute resolution avenue is proving to be …
POSTED SEPTEMBER 16, 2025 5:01 AM |
California Lawmakers Pass Bill to Boost Oil Production
California lawmakers passed a bill over the weekend that would allow the construction of thousands of new oil wells annually in the Golden State in a bid to make oil supply more affordable for refineries and keep fuel prices in …
POSTED SEPTEMBER 16, 2025 5:00 AM |
Former Executive of Mars Candy Subsidiary Pleads Guilty to Stealing $28M
A former executive for a subsidiary of candymaker Mars Inc. pleaded guilty last Thursday to fraud and tax charges in connection with his theft of $28 million from the company, federal prosecutors said. Paul Steed, 58, appeared in federal court …
POSTED SEPTEMBER 16, 2025 5:00 AM |
California Commissioner Pushes for Wildfire Recovery Bill, Other Legislation
California Insurance Commissioner Ricardo Lara is urging Gov. Gavin Newsom to sign several wildfire and health-related bills that have passed the Legislature and are now awaiting the governor’s approval. “They reflect our collective responsibility to help individuals, communities, and businesses …
POSTED SEPTEMBER 15, 2025 9:35 PM |
Study: Medical Costs Double in California Comp Claims Associated With Functional Restoration Programs
Claims associated with functional restoration programs in California’s workers’ compensation system averaged $234,003 total, 59% higher than matched non-FRP claims, a new study shows. A study from the California Workers’ Compensation Institute out this week examines FRPs, multidisciplinary treatments aimed …
POSTED SEPTEMBER 15, 2025 8:32 PM |
Skyward Specialty Names Zitzmann President of Inland Marine, Transactional Property
Skyward Specialty Insurance Group recruited Christopher Zitzmann as president of Inland Marine and Transactional Property. With more than two decades of experience in the property and inland marine markets, Zitzmann is known for his deep industry expertise, leadership and building …
POSTED SEPTEMBER 15, 2025 4:52 PM |
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