Philadelphia Insurance Is Back Up and Running After Network Outage

Philadelphia Insurance reports its operations have been restored following a network outage. “We have resumed regular operations, though we continue to address minor technical issues as they arise,” the company stated in an update on its handling of a network Read more…


Explosion at California Fireworks Warehouse Sets Off Fires, Forces Evacuations

An explosion at a fireworks warehouse in northern California caused several fires, sending black smoke into the air and forcing evacuations, authorities said. There were no immediate reports of injuries. People were urged to avoid the area of Esparto and Read more…


New York Port Authority Shut Down Due to Multi-Bus Accident

New York City’s Port Authority Bus Terminal, a critical transport hub for Manhattan, is closed due to a multi-bus accident, according to transit authorities. New Jersey Transit bus services traveling to and from the terminal are being diverted to Secaucus Read more…


Markets/Coverages: Hiscox Offers Digital Cover for Small Cargo, Stock Throughput Risks

Hiscox, the Bermuda-based global specialist insurer, has launched a new Cargo API (application programming interface)-based solution, available through broker partners for underwriting small cargo and stock throughput risks. Responding to demand for an insurance product to cover the smaller cargo Read more…


Business Moves: Howden Japan Acquires Holos; Ageas Buys Saga’s Underwriting Biz; BMS Purchases Australian Property Broker; UK’s Direct Line Now Owned by Aviva

Howden Japan Acquires Majority Stake in Retail Broker Holos Howden, the London-based insurance intermediary group, announced it has acquired a majority stake (68.3%) in Holos Holdings Co. Ltd., a leading retail insurance broker headquartered in Kyoto. Founded in 2001 by Read more…


NYC Mayor Adams Signs Bill Lowering For-Hire Vehicles’ Insurance Mandate

New York City Mayor Eric Adams has signed into law legislation reducing the auto-insurance liability coverage that for-hire vehicles must carry. The new law reduces the amount of personal injury protection (PIP), or no-fault, insurance coverage that the city’s 74,000 Read more…


Highway Robberies Are Now Just Part of Doing Business in Mexico

Late one Friday night, a truck carrying sound equipment for legendary cumbia band Los Angeles Azules was pulled over along the Mexico-Puebla highway. Police at the checkpoint were in fact bandits, and upon seeing the pricey cargo they drew their Read more…


M&S Expects Cyberattack Impact to Be Over by August, CEO Says

Marks & Spencer Group Plc expects its online services to be fully restored in the next four weeks as it continues to recover from April’s cyberattack, Chief Executive Officer Stuart Machin said. “I’m really hoping by August the majority of Read more…


Australia’s Qantas Says 6 Million Customer Accounts Accessed in Cyber Hack

A cyber hacker broke into a database containing the personal information of millions of customers, Qantas said, in Australia’s biggest breach in years and a setback for an airline rebuilding trust after a reputational crisis. The hacker targeted a call Read more…


Maryland Woman Charged With Theft of Contractor and Insurance Funds

A Maryland woman has been indicted on two counts of felony theft for allegedly stealing funds from a general contractor and from the state’s backup auto insurer. Attorney General Anthony G. Brown said an Anne Arundel County grand jury charged Read more…