Ransomware still costly, but cyber claims down – Coalition

Despite acceleration of technology, risk takers are key for insurance companies, says industry veteran Source link

“If you want to expand outside of your specialty, there should be a market for it,” he said. “For me, I run a small agency with very few employees, so my best way to find out where to expand is through open communication with retail agents. They will tell you where they need help and…

The decision, issued on April 23, 2025, by the Appellate Division, Second Department, involves the 2018 planned sale of M.R. Korman Insurance. Veteran broker John Bures had negotiated to buy the agency from Marshal R. Korman. But before the agreement was signed, Marshal Korman passed away. Source link

At issue on appeal are two CGL policies issued by National Union Fire Insurance Company of Pittsburgh, PA, to Griffith Foods, covering the periods from September 30, 1983, to September 30, 1985. Each policy included a standard-form pollution exclusion, which bars coverage for: “bodily injury or property damage arising out of the discharge, dispersal, release…

Proposal raises questions about the potential impact on insurance premiums Source link

Additionally, Marsh has also announced that Andrew Herring will take on the role of global chair of energy & power, effective January 1, 2026. Herring, who joined Marsh in 2010, has led the UK energy & power team since 2012 and will continue to be based in London. Source link