- Axa France to no longer reimburse ransomware payments May 7, 2021Axa France, Axa XL’s French general insurance unit, will no longer reimburse ransomware payments when underwriting new policies, a company spokeswoman said, confirming a report.
- Policy language evolving with cannabis industry: Webinar May 7, 2021Policy wording standardization will evolve along with the cannabis industry itself but also allows buyers flexibility in a newborn industry, sources said.
- Hedge fund founder sentenced to prison in Neiman Marcus fraud May 7, 2021The New York hedge fund founder who predicted he might “go to jail” for corrupting the sale of some assets during the bankruptcy of Neiman Marcus was sentenced on Friday to six months in prison.
- N.C. house passes PTSD comp bill May 7, 2021The North Carolina House of Representatives passed a bill on Thursday that would enable first responders to obtain workers compensation coverage for post-traumatic stress disorder.
- Surplus lines insurer downgraded after posting loss May 7, 2021James River Group Holdings Ltd.’s financial strength rating was downgraded to A- from A by A.M. Best Co. Inc. on Friday, two days after the Bermuda-based insurer reported a more than $100 million quarterly loss.
- Bill could increase employer liability during claim investigations May 7, 2021A bill proposed in the California Senate could cut the time that workers compensation claims administrators have to investigate on-the-job injury claims and lead to increased employer liability, according to a report released Thursday by the California Workers Compensation Institute.
- Benefitfocus new CEO Levin sued by former employer ADP May 7, 2021Automatic Data Processing Inc. is suing its former chief strategy officer, Matthew Levin, who was named chief executive of benefit software company Benefitfocus Inc. this week, accusing him of misappropriating trade secrets.
- Fighting cybercrime calls for increased cooperation: Panelists May 7, 2021Law-enforcement agencies are challenged in fighting cybercrime because criminals are spread out globally, but companies can help address the issue by working more closely with authorities, experts say.
- COVID-19 emergency temporary standard delay continues May 7, 2021Progress on the Occupational Safety and Health Administration’s expected COVID-19 emergency temporary standard to keep workers safe in the pandemic has been delayed by several weeks.