With inflation driving up costs, increased demand for coupon codes and deals could make shoppers particularly vulnerable to cyber scams this holiday season, according to reports. Cybersecurity experts recently told news outlet Axios that hackers are using heightened interest in online discounts to target consumers for phishing and ransomware scams. Other reports also point to the…
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A faulty window reversal system on certain Tesla models has led to the recall of more than 1 million vehicles. The problem, discovered by the company during production testing in August, could make the power windows react incorrectly to obstructions and cause an individual\'s fingers to be pinched, the Associated Press reported. Affected vehicles include certain Model 3 and Model…
As students head back into classrooms for the start of a new academic year, an ongoing teacher shortage in both the U.S. and Canada means many schools are operating with a high number of job vacancies — and, in some cases, turning to unusual hiring tactics to help fill the gaps. A new program in Florida will allow military veterans…
A major insurance carrier is attempting to rescind a cyber policy based on the client’s alleged misrepresentation of its digital security protocols. According to reports, Travelers recently sought a ruling in the U.S. District Court for the Central District of Illinois to rescind its Cyber and Privacy Liability Insurance policy with Illinois-based International Control Services because the company was not…
Macroeconomic trends, namely inflation and rising interest rates, are having a profound effect on the Property & Casualty (P&C) market as we head into the second half of 2022. Inflation impacts everything—from rapidly changing property values to challenges with mid-year reinsurance renewals. These are truly generational inflationary pressures that most professionals within the industry have never personally experienced. Even with…
Millions of honeybees tragically died on a hot airport tarmac in Atlanta after a series of mistakes that occurred while the bees were being shipped from California to Alaska. According to reports, the 800-pound shipment of bees could not be accommodated on its original Delta Air Lines flight due to an aircraft change that rerouted the bees to Atlanta, where…
By Paul G. Smith, Corporate Senior Vice President, Carrier Relations, H.W. Kaufman Group We are pleased to share our third quarter Property & Casualty Market Overview and Forecast, prepared immediately following industry conferences and meetings that are clear bellwethers of what to anticipate. September, as we know, is Reinsurance Month which sets the stage for pivotal year-end negotiations of January 1…
Walmart will soon begin testing a grocery delivery program that uses autonomous vehicles, the retailer announced November 10. The pilot program, a partnership with California-based driverless car company Cruise LLC, will send grocery orders directly to customers in Cruise\'s electric, self-driving cars. The program, set to launch in Scottsdale, Arizona early next year, builds on an express delivery service Walmart…