Author: completebodyneeds

Resilience launched a private equity cyber risk program that the San Francisco-based company said will help private equity firms manage cyber exposure across their portfolios. The program connects Arc, Resilience’s cyber risk management platform for complex organizations, with bespoke insurance endorsements through carrier partners to address coverage gaps across the investment lifecycle. Private equity firms operate in a risk environment in which security leaders are responsible numerous portfolio companies with distinct systems, controls and reporting structures. The new program is built to address insurance coverage at each stage of the deal lifecycle: at acquisition; during the hold period; at exit.…

Pennsylvania-based specialty insurance provider Novacore announced the addition of Euclid Design Underwriters to its Professional Underwriters Agency (PUA) program. Euclid Design Underwriters is a specialized managing general agent focused on errors and omissions (E&O) coverage for architects, engineers and design professionals. Its team also offers risk consulting, contract review, and risk management support for professional organizations. The move expands PUA’s capabilities in architects and engineers (A&E) professional liability. Novacore said the Euclid Design brand will be integrated into PUA. “Professional liability remains a core area of strategic focus for Novacore, and the addition of Euclid Design further strengthens our expertise…

The value of uninsured natural-catastrophe losses rose more than 7% globally last year to $424 billion, with North America the most exposed region, according to a fresh analysis. While insurance coverage has broadly kept pace with rising catastrophe exposure, the protection gap — in absolute terms — has gone up as the value of exposed assets has grown, the Swiss Re Institute said on Wednesday. The cost of natural catastrophes such as hurricanes and wildfires has continued to rise in recent years, as a combination of climate change, urbanization and inflation mean disasters are getting more costly when they hit.…

King Risk Partners has acquired The Roberts Agency, Inc., an independent insurance agency specializing in the construction industry that is based in Bloomfield, Connecticut. This partnership strengthens King Risk Partners’ presence in Connecticut while expanding its construction insurance and surety bonding capabilities throughout the region. The Roberts Agency has been in business for more than 60 years, serving home builders, trade contractors, general contractors, and construction-related businesses with coverages and surety bonds. The agency’s service area extends beyond Connecticut to include Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont. The agency also offers commercial insurance, special coverage,…

The Texas Department of Public Safety on Monday lifted a restriction on commercial drivers licenses and permits for immigrants with temporary agriculture work visas and removed the Spanish language option for CDL tests following changes in federal requirements. In September, Texas halted commercial drivers licenses for many immigrants, including refugees, people with asylum and DACA recipients. The change on Monday will allow those with H-2A visas, designed for temporary agriculture workers, to again hold valid CDLs in Texas. Those eligible who have current CDLs may continue to use them until their expiration date, and those with expired licenses can file…

The Oklahoma Workers’ Compensation Commission is alerting residents of a scam targeting injured workers. Scammers have contacted injured workers by phone, text message, or social media by claiming to be a workers’ compensation attorney, according to the commission. The scammer tells the worker they have won a case and are entitled to a large settlement but must send a payment upfront (often called a tax or case fee) before any money be collected. The OWCC said some workers are sent a link to what purports be an official virtual court hearing. This fraudulent hearing may even include a false judge…

A month after President Donald Trump announced — and then abandoned — a plan to escort commercial ships through the Strait of Hormuz, the US military is trying less public ways of protecting vessels in the vital waterway. Rather than announcing an open challenge against Iran, the US is quietly coordinating with shippers willing to take a different approach. Evidence gleaned from US Central Command statements, shipping data and people with knowledge of the transits suggest ships are turning off transponders and sticking close to the Omani coast on the strait’s south to avoid Iranian mines, with the US military…

The value of uninsured natural-catastrophe losses rose more than 7% globally last year to $424 billion, with North America the most exposed region, according to a fresh analysis. While insurance coverage has broadly kept pace with rising catastrophe exposure, the protection gap — in absolute terms — has gone up as the value of exposed assets has grown, the Swiss Re Institute said on Wednesday. The cost of natural catastrophes such as hurricanes and wildfires has continued to rise in recent years, as a combination of climate change, urbanization and inflation mean disasters are getting more costly when they hit.…

Buckner is opening its eighth office location, this one in St. George, Utah. Jameson Carr will help lead Buckner’s expansion efforts in Southern Utah. Salt Lake City-based Buckner is a regional brokerage with more than $50 million in reported annual revenue and offices throughout Utah, Idaho and Colorado. The firm provides insurance, employee benefits, bonds and risk management services to businesses and individuals throughout the western U.S. Was this article valuable? Yes No Here are more articles you may enjoy. The most important insurance news,in your inbox every business day. Get the insurance industry’s trusted newsletter

More than 97,000 Connecticut residents will receive letters in the mail starting this week informing them that some or all of their medical debt has been erased. Governor Ned Lamont’s administration launched the program in partnership with the national nonprofit organization Undue Medical Debt to give relief to qualifying residents who are having difficulties paying outstanding medical bills. This fourth round of the initiative is eliminating nearly $315 million in medical debt. In total, more than 252,000 Connecticut residents have had more than $513 million in medical debt cancelled since the initiative began in 2024. Under the initiative, Undue Medical…