Author: completebodyneeds

A review of five years’ of proprietary claims data revealed just how vulnerable manufacturers are to cyberattacks and the high cost of disruptions, according to Resilience, which found more than 90% of total incurred losses in its manufacturing portfolio were attributable to ransomware, despite ransomware making up only 12% of claim volume among manufacturers. In the newly released report, “The State of Cybersecurity in Manufacturing,” the cyber risk analyst identified the key drivers of financial losses based on real claims data and security practices that deliver measurable reductions in financial risk across its manufacturing portfolio. In its fifth year as…

Prosecutors said the man they charged with starting the deadly 2025 Palisades Fire in Los Angeles was upset about a failed relationship and not having New Year’s Eve plans just before he set a small blaze which rekindled six days later. Jonathan Rinderknecht, 30, who is set to go to trial June 8, “exhibited extreme anger, indignation, and frustration about being unable to find companionship on New Year’s Eve,” prosecutors in the office of Los Angeles U.S. Attorney Bill Essayli said in a court filing. They said he tried and failed to make plans for that night with two other…

Trucordia reported it has acquired Paradiso Financial and Insurance Services in Stafford Springs, Connecticut. Paradiso offers auto, home, life, business and specialty lines insurance. Joining Trucordia will give Paradiso’s team and clients access to more carrier relationships, shared resources, and national support. Chris Paradiso, owner and chief executive officer of the agency, is also a speaker on social and digital marketing for agencies. “Paradiso is a perfect fit for Trucordia. Chris and the company he has built embody the business acumen and values that Trucordia represents,” said Rocky Steele, Trucordia senior vice president of business development. The Utah-based Trucordia group…

The U.S. Food and Drug Administration on April 29 said tested samples of infant formula available in the country contained very low levels of contaminants, confirming that the nation’s supply is safe for consumption. The agency tested more than 300 samples across 16 infant formula brands sold nationwide, screening them for contaminants including heavy metals such as arsenic, cadmium, lead and mercury, as well as pesticides, synthetic chemicals and phthalates. The majority of samples had undetectable or very low levels of contaminants, the agency said. The FDA applied the Environmental Protection Agency’s drinking water limits to assess infant formula, as…

New Hampshire Governor Kelly Ayotte recently signed into law an increase in the penalty for drivers who refused a breath alcohol test when stopped on suspicion of driving under the influence (DUI). Senate Bill 620 increases the administrative license suspension time from six to nine months for drivers who refuse DUI testing. Under current law, the suspension time for a driver convicted of a DUI is the same as a driver who refuses testing, which backers of the new law maintain creates a loophole incentive to not cooperate with law enforcement. The new law will take effect January 1, 2027.…

This edition of International People Moves details appointments at Howden Re and Zurich Insurance Group. A summary of these new hires follows here. Howden Re Expands Cyber Reinsurance Team With 5 New Hires Howden Re, the global reinsurance, capital markets and strategic advisory arm of insurance broker Howden, announced five new appointments to its cyber reinsurance team. The expansion reflects sustained growth in global client demand for Howden Re’s cyber capabilities, establishing a dedicated US cyber reinsurance resource to service a growing US client base. Michael Giuliano Michael Giuliano joins as director on the cyber reinsurance team. Based in New…

Marsh Risk, a business of insurance broker and risk advisor Marsh, announced that its Marsh Alpha directors and officers (D&O) insurance facility now offers unlimited claims on a single, unrelated basis as standard. Marsh Alpha, which provides protection for individual directors and officers not indemnified by their firm, is the first insurance solution of its kind to offer an “any one claim” benefit to all commercial clients globally. Launched in 2010, Marsh Alpha is Marsh Risk’s flagship “Side A” difference in conditions (DIC) coverage, which offers clients up to $150 million in insurance coverage for claims brought against directors and…

Arch Insurance EU announced the launch of its European property operations, alongside the opening of a new office in Milan writing accident & health, cargo & logistics, fine art & specie, general liability and property, effective immediately. This development marks a significant milestone in Arch’s ongoing expansion across Continental Europe, broadening its underwriting capabilities and strengthening its position as a multi-line, P/C insurer in the region. The new property capability will be delivered through underwriting hubs in France, Italy and Spain. With a broad risk appetite, the team provides insurance solutions across the full range of property occupancy types. This…

Insurtech car insurance provider Root said it has started a 24-hour agent appointment program to allow independent insurance agents to complete onboarding and begin selling policies in as little as one day. Root Insurance said traditional insurance carrier onboarding often takes weeks, but its 24-hour agent appointment program compresses this process into a single-day, fully digital experience to give independent agents faster access to revenue opportunities. Root said it has appointed more than 7,500 agents since launching. About 2,400 agents have been added this year. More than 15,000 independent agents are appointed with Root and 4,000 agencies are approved to…

The Iran war is “supercharging” the world’s shift to renewable energy, as countries scramble to reduce their exposure to volatile oil and gas markets, the U.N. climate secretary said on Thursday. The U.S.-Israeli war with Iran has upended oil and gas supplies, prompting some countries to ration fuel and others to roll out subsidies and tax cuts to shield consumers from surging prices. Early signs indicate the war, which began two months ago, is speeding up some countries’ low-carbon transition. Demand for rooftop solar systems across Europe has surged, while countries including Pakistan have reported a jump in electric vehicle…