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CURRENT ISSUE


TUESDAY, SEPTEMBER 14

 * * Business Insurance 2021 Innovation Awards
   * Medical use of virtual reality shows promise
   * Insuring fintech firms presents challenges
   * Cyber insurance startups set to scale up as investors cash in on digital
     protection
   * Risk managers tap into new technology
 * * Perspectives: Competitors or catalysts? Evaluating insurtech’s role in the
     insurance industry
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 * Business Insurance 2021 Innovation Awards
 * Medical use of virtual reality shows promise
 * Insuring fintech firms presents challenges
 * Cyber insurance startups set to scale up as investors cash in on digital
   protection
 * Risk managers tap into new technology
 * Perspectives: Competitors or catalysts? Evaluating insurtech’s role in the
   insurance industry


LATEST NEWS AND INFORMATION ON BUSINESS INSURANCE, RISK MANAGEMENT, WORKERS COMP

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123456


HARTFORD TO PAY BOY SCOUTS $787M FOR ABUSE CLAIMS

Hartford Financial Services Group Inc. said Tuesday it will pay $787 million
pretax in claims under a settlement agreement with the Boy Scouts of America,
its local councils and representatives of most of the organization’s sexual
abuse claimants.


ACRISURE NAMES FORMER DISNEY EXEC AS CFO

Acrisure LLC on Tuesday named Lowell Singer, former head of investor relations
at The Walt Disney Co., as its chief financial officer, replacing its former top
finance executive who stepped down earlier this year.


UPGRADED NEW ORLEANS LEVEES PASS FIRST MAJOR TEST

Parts of the levee system installed in New Orleans by the United States Army
Corps of Engineers after Hurricane Katrina appear to have performed as designed
and helped spare the city from Hurricane Ida’s storm surge.


PRICE FORBES LAUNCHES CAPTIVE UNIT IN BERMUDA, NAMES LEADER

Price Forbes & Partners (Bermuda) Ltd. on Tuesday announced the launch of a
captive management unit in Bermuda and named former Artex Risk Solutions Inc.
executive William Wood as senior vice president of the operation.


BRP TO BUY HABITATIONAL RISK BROKER

BRP Group Inc. has agreed to acquire Holmdel, New Jersey-based specialty broker
and managing general agent Jacobson, Goldfarb & Scott Inc.


RESILIENCE CYBER HIRES UNDERWRITING OFFICER FROM CHUBB

Resilience Cyber Insurance Solutions, a San Francisco-based program manager,
said Tuesday that former Chubb Ltd. executive Kyle Bryant is joining it as
international chief underwriting officer to lead its overseas expansion.

 * Most Recent
 * Most Popular
 * COVID-19 Update


 * EMPLOYERS STRUGGLE TO DIGEST BIDEN’S PROPOSED VACCINE MANDATE
   
   There are more questions than answers for employers bracing for President Joe
   Biden’s forthcoming COVID-19 vaccine mandate, including who will be charged
   with enforcing rules and footing the bills, legal experts say.
   
   14 hours ago


 * SEEING THE FUTURE OF RISK MANAGEMENT
   
   Evolution in risk technology systems is leading toward an exciting future for
   risk professionals. With technology-enabled approaches that capture and
   integrate data and unlock the power of advanced analytics, businesses will be
   able to make better decisions than ever before. Learn more from Ventiv
   Technologies in this Business Insurance Risk Perspective.
   
   14 days ago


 * ESG: A JOURNEY, NOT DESTINATION
   
   Organizations with environmental, social and governance programs should view
   ESG as a journey, not a destination. Like risk management, organizations
   derive the greatest value by making it a continuous process. Find more
   insights on ESG and sustainability in this Business Insurance Risk
   Perspective from QBE North America.
   
   14 days ago


 * HOW COMPANIES CAN ADAPT TO CHANGING WORKPLACE TRENDS
   
   2020’s labor market disruption is causing companies to rethink traditional
   organizational structures, workplace policies, salary compensation and
   medical benefits. Get actionable insights on how your company can adapt to
   these changes in Gallagher’s 2021 Workforce Trends Report: People &
   Organizational Wellbeing Strategy.
   
   16 days ago


 * HARTFORD TO PAY BOY SCOUTS $787M FOR ABUSE CLAIMS
   
   Hartford Financial Services Group Inc. said Tuesday it will pay $787 million
   pretax in claims under a settlement agreement with the Boy Scouts of America,
   its local councils and representatives of most of the organization’s sexual
   abuse claimants.
   
   17 hours ago


 * VIDEO: THE BI INTERVIEW WITH GRAHAME MILLWATER OF ACRISURE
   
   Grahame Millwater, president of global insurance at Acrisure, discusses the
   brokerage's international expansion plans and the M&A market.
   
   17 hours ago


 * ACRISURE NAMES FORMER DISNEY EXEC AS CFO
   
   Acrisure LLC on Tuesday named Lowell Singer, former head of investor
   relations at The Walt Disney Co., as its chief financial officer, replacing
   its former top finance executive who stepped down earlier this year.
   
   18 hours ago


 * CHARLES TAYLOR LAUNCHES MEDICAL BILL REVIEW UNIT
   
   Insurance services provider Charles Taylor on Tuesday launched a medical bill
   review company for employers, third-party administrators, insurers,
   government entities and self-funded payers, and international payers.
   
   20 hours ago


 * CYBER ARMS DEALER EXPLOITS NEW IPHONE SOFTWARE VULNERABILITY
   
   A cyber surveillance company based in Israel developed a tool to break into
   Apple iPhones with a never-before-seen technique that has been in use since
   at least February, internet security watchdog group Citizen Lab said on
   Monday.
   
   21 hours ago


 * MASSACHUSETTS PROBING HUGE T-MOBILE DATA BREACH
   
   Massachusetts’ attorney general said on Tuesday she will investigate the
   cyberattack against T-Mobile U.S. Inc. that exposed personal information of
   more than 53 million people.
   
   21 hours ago

Load More


FROM THE ARCHIVES


 * JANUARY 1970: MUTUAL AID PACT COVERS AIRLINES DURING STRIKES
   
   Back in the 70s, when unions were stronger, 16 airlines – most of which
   disappeared long ago – used a controversial mutual aid pact to insure against
   lost revenue during strikes.


 * DECEMBER 1989: FAN DEFEATS CUBS IN COURT
   
   A young boy who was hit by a foul ball at a 1983 Cubs game finally won his
   day in court six years later. In a decision that was later upheld on appeal,
   a jury awarded the fan compensatory damages.


 * NOVEMBER 1969: ISLAND DOMICILES COME UNDER FIRE
   
   Forty years ago, a U.S. regulator urged policyholders to think twice about
   dealing with insurers in the “unregulated” Bermuda and Bahamas markets.


 * OCTOBER 2005: MARKET CLIMATE LURING STARTUPS TO BERMUDA
   
   Big losses from a trio of hurricanes – Katrina, Rita and Wilma – led to
   another round of reinsurer formations in the fall of 2005.


 * SEPTEMBER 2012: BOMB THREATS TEST CAMPUS RISK MANAGEMENT
   
   A rash of bomb threats around U.S. college campuses in 2012 put the focus on
   security and risk management.

Click here to read the 2021 Break Out Awards winner profiles. Click here to
watch the BI Interview video series>> Click here to access the latest issue of
Business Insurance.


PEOPLE: COMINGS & GOINGS


 * MICHELE PIGNOTTI
   
   Company: Marsh
   Category: Brokers


 * LOWELL SINGER
   
   Company: Acrisure LLC
   Category: Brokers

Click here for more Comings & Goings


PEOPLE: UP CLOSE


 * PAUL NEEDLE
   
   Princeton, New Jersey-based senior vice president, cyber treaty underwriter,
   Munich Re U.S.
   
   Read Full Profile


 * NEIL METZHEISER
   
   Atlanta-based client advocate and president, Lockton Cos. LLC
   
   Read Full Profile

Click here for more Up Close Profiles


PEOPLE: VIEW FROM THE TOP


 * VIEW FROM THE TOP: BRUCE EISLER, ASPEN INSURANCE

Click here for more Views from the Top


SPONSOR INSIGHTS


 * SEEING THE FUTURE OF RISK MANAGEMENT
   
   Evolution in risk technology systems is leading toward an exciting future for
   risk professionals. With technology-enabled approaches that capture and
   integrate data and unlock the power of advanced analytics, businesses will be
   able to make better decisions than ever before. Learn more from Ventiv
   Technologies in this Business Insurance Risk Perspective.


 * ESG: A JOURNEY, NOT DESTINATION
   
   Organizations with environmental, social and governance programs should view
   ESG as a journey, not a destination. Like risk management, organizations
   derive the greatest value by making it a continuous process. Find more
   insights on ESG and sustainability in this Business Insurance Risk
   Perspective from QBE North America.


 * HOW COMPANIES CAN ADAPT TO CHANGING WORKPLACE TRENDS
   
   2020’s labor market disruption is causing companies to rethink traditional
   organizational structures, workplace policies, salary compensation and
   medical benefits. Get actionable insights on how your company can adapt to
   these changes in Gallagher’s 2021 Workforce Trends Report: People &
   Organizational Wellbeing Strategy.


READERS POLL



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OFF BEAT


 * PET OWNERS NOT GOOD AT FETCHING INSURANCE
   
   Pet owners are in the doghouse when it comes to ensuring they can cover
   emergency medical costs for their furry friends, according to a survey by
   Pumpkin Insurance Services Inc.


 * YANKEES STILL IN LEGAL GAME OVER BOTCHED AGREEMENT
   
   A New York State Supreme Court judge on Thursday tossed all but one claim in
   a lawsuit filed against the Yankees and Major League Baseball over its
   contract with the team’s previous owners, who will still take the defendants
   out to the courthouse over the last remaining point of contention: breach of
   contract.


 * WHY PEOPLE SWITCH DENTISTS IS NOTHING TO SMILE ABOUT
   
   Chipping away at the reason why people tend to switch dentists, a new survey
   by dentalinsurance.com finds that for some it’s a matter of being sensitive
   about what a dentist says about their teeth.


 * FTC INVESTIGATING MCISSUES WITH ICE CREAM MACHINES
   
   The federal agency that takes on companies big and small for fraud, false
   advertising and more is aiming to come to the aid of those who desperately
   crave a McFlurry or soft serve sundae from their local McDonald’s franchise.


 * DRIVING HOME THE POINT: IT’S JUST A CAR
   
   Zachary Finn, director of commercial risk management at Henriott Group Inc.,
   ignited hearts on LinkedIn on Thursday.


 * TOP 10 OFF BEATS FROM AUGUST
   
   August’s most popular Off Beat story featured a bar owner's beer named
   "workers comp." A whale design and SpongeBob SquarePants figured in other top
   stories for the month.


 * IMPOSSIBLE MISSION TO FILM DURING PANDEMIC SHUTDOWNS
   
   Production on the new “Mission: Impossible” movie was shut down seven times
   due to COVID-19, prompting a lawsuit filed on Monday that accuses the film’s
   insurance company of failing to pay out for all but one of the costly
   stoppages, Reuters reported Monday.


 * FDA PIVOTS TO ADDRESS OTHER VIRAL DANGERS
   
   The U.S. Food and Drug Administration, busy in approvals for a vaccine in the
   deadly COVID-19 pandemic, took time this week to address the risk of the
   now-viral milk crate challenge.


 * BARROOM BRAWLER LOSES IN COMP FRAUD CASE
   
   A Yelm, Washington, man working for a bathroom products manufacturing company
   pleaded guilty Tuesday to third-degree theft after faking a work injury he
   actually suffered in a brawl at a local bar, the Washington State Department
   of Labor & Industries announced.


 * CARE FOR PANDEMIC POOCHES A MAJOR CONCERN: SURVEY
   
   What’s to become of the pets when the pandemic wanes? According to survey
   results released Tuesday, there’s much to bark about.




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