Jacob’s Pillow, a renowned dance center in the Berkshires region of Massachusetts, announced it has canceled the rest of its summer festival following a workplace accident in which an employee was killed. Production manager Kat (Kathryn) Sirico died on August …
Category: Insurance Journal
Columbia University Hack Affected 870,000 People, Included Some Health Data
A recent breach of Columbia University’s computer systems compromised personal information of about 870,000 people, including students and applicants, according to the school’s reports to state officials in the US. The hack included “any personal information” provided in connection with …
Britain’s M&S Restores Click and Collect Services 15 Weeks After Systems Hacked
British retailer Marks & Spencer has resumed taking click and collect orders for clothing after a nearly four-month hiatus following a cyber hack and data theft that impacted its earnings during the period, sending its shares higher. The 141-year-old M&S …
African Lender Weighs Claiming Lloyd’s Payout on Zambia Debt
TDB Group, an African trade and development lender, is considering claiming insurance on debt it’s owed by Zambia that has become entangled in a complex restructuring process.The southern African nation, which defaulted in 2020 and later sought to rework around …
Emirates Expands Electronics Restrictions With Power Bank Ban
Emirates will ban the use of power banks aboard its flights and only allow passengers to bring one such device onto the plane, further restricting travelers from carrying electronic gadgets on aircraft. “Emirates is taking a firm and proactive stance …
Nigeria Insurance Stocks Gain Most in Almost 20 Years on New Law
Nigerian insurance stocks had their biggest weekly gain in almost two decades after a new law was passed requiring companies to raise fresh capital and making insurance for property and other assets mandatory. A gauge for the sector on the …
Insurtech Investment Hits $60B Milestone But Pales AI Figures
Artificial intelligence is quickly reshaping the insurance landscape, and Gallagher Re’s global head of insurtech, Andrew Johnston, warned in the company’s latest Global InsurTech Report that this trend shouldn’t be ignored. “There remains some skepticism in reinsurance of just how …
CSU, NOAA Maintain Forecasts for Above-Average Hurricane Season
Colorado State University’s hurricane researchers and the National Oceanic and Atmospheric Administration (NOAA) issued updates to their 2025 Atlantic hurricane forecasts, with both maintaining calls for an ‘above average’ season despite no recorded hurricanes so far. NOAA’s prediction of an …
Insurers Can’t Ask Punitive Damages in Marine Cargo Contract Dispute
Despite allegations of fraud and padding of premiums, neither a Miami-based cargo insurance broker nor a Lloyd’s coverholder can be asked to pay punitive damages in a breach-of-contract dispute, a Florida appeals court decided last week. “A plaintiff … may …
Viewpoint: A Workers’ Comp Hard Market Is Coming to California
Word on the street is that California employers should start expecting higher workers’ compensation rates. California employers have enjoyed a soft workers’ comp market for the last decade, but all indications are now pointing to the market hardening, entering a …