Massive Fire Scorches Six Row Houses in Staten Island

A fast-moving five-alarm fire severely damaged six row houses in Staten Island on Monday, displacing more than 30 people and causing minor injuries. John Sudnik, chief of the Fire Department of New York, said wood construction in the attics of … Source: Insurance News

New Jersey Law Bans Sale of Flavored Vaping Products

The sale of flavored vaping products is banned in New Jersey under legislation Democratic Governor Phil Murphy signed Tuesday. Murphy signed the measure that moved to his desk amid a nationwide scare last year over mysterious illnesses linked to vaping. … Source: Insurance News

Trump Says U.S. Has Plan to Contain Coronavirus

President Donald Trump said on Wednesday that the United States has a plan in place to contain the coronavirus outbreak. Speaking on the sidelines of the World Economic Forum (WEF) annual meeting in Davos, Switzerland, Trump said: “We do have … Source: Insurance News

Ransomware Exposure Driving Up Cyber Insurance Costs

U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said. The changes follow a challenging year of hackers using malicious programs, … Source: Insurance News

Brown & Brown Acquires Assets of Texas All Risk

Brown & Brown Inc. through its subsidiary, Hull & Company LLC, has acquired substantially all of the assets of Dallas-based Texas All Risk, a managing general agent (MGA) placing a wide range of property/ casualty insurance for businesses and individuals … Source: Insurance News