Bittrex Secures $300 Million In Insurance For Cryptocurrencies In Cold Storage
Cryptocurrency exchange Bittrex obtained $300 million in digital asset insurance against theft or collusion for the cryptocurrency it holds in cold storage.
Bittrex announced in a blog post on Jan. 29 that the exchange obtained specialty insurance for corporations by insurance firm Lloyds of London after working with major insurance broker and adviser Marsh.
January 30, 2020
Excess & Surplus Lines
Bittrex announced in a blog post on Jan. 29 that the exchange obtained specialty insurance for corporations by insurance firm Lloyds of London after working with major insurance broker and adviser Marsh.
Notorious Hacker Selling Data On 30 Million Stolen Credit Cards
In late December, the popular Northeast convenience store chain Wawa disclosed hackers had obtained payment data for some of its customers. Now, the scope and the fallout from the hack is becoming apparent, as criminals this week reportedly began to sell millions of credit and debit card accounts on the Internet.
January 29, 2020
Excess & Surplus Lines
Many Global Firms, Excluded From Epidemic Insurance, Face Heavy Coronavirus Costs
Many global companies from hotels and airlines to industrial houses are expected to have to foot the bill for disruptions caused by a new coronavirus in China, with epidemics usually excluded from insurance cover, experts said.
January 29, 2020
Excess & Surplus Lines
Risk Management
Fog Likely To Figure Prominently In Probe Of Kobe Bryants Fatal Helicopter Crash
Weather conditions appear likely to come under the scrutiny of investigators probing the helicopter crash that killed former NBA superstar Kobe Bryant, his daughter and seven others near Los Angeles on Sunday, when overcast skies and fog grounded other aircraft.
January 27, 2020
Excess & Surplus Lines
California
While Lawyers Are In Settlement Negotiations, Fourth Roundup Trial Against Bayer Begins
Bayer AG (BAYGn.DE) is set to face a fourth U.S. jury trial over allegations that its Roundup weed killer causes cancer, with four cancer patients in the hometown of its agricultural subsidiary Monsanto scheduled to begin making their case on Friday.
January 24, 2020
Excess & Surplus Lines
Liability
Litigation
Missouri
Houston Neighborhood In Blast Zone Of Machine Shop Explosion; Two Deaths Confirmed
A massive explosion at a machine shop ripped through a Houston neighborhood early Friday morning, and police said at least two people were killed and several injured while homes were damaged by the explosion that sent out blast waves detected for miles.
January 24, 2020
Excess & Surplus Lines
Liability
Property
Subrogation
Texas
The Trucking Insurance Crisis: Lawsuit Abuse
In one notable personal injury case, a medical provider billed more than $14,000 for a procedure thats typically reimbursed by insurance at less than $400. Grossly inflated claims are costing the industry dearly and in some cases are driving trucking companies out of the marketplace because they can no longer afford insurance.
January 23, 2020
Excess & Surplus Lines
Liability
Litigation
Building Under Renovation Collapses In Washington, D.C.
One person was injured in Washington, D.C. on Wednesday after a building collapsed without warning just seconds after two passerby cleared the immediate area.
January 16, 2020
Excess & Surplus Lines
Property
District Of Columbia
Meat Loaf Sues Hyatt And Concert Organizer After Injurious Fall
Rock singer Meat Loaf is suing a hotel in North Texas. He claims he cannot perform music because of a fall off the hotels stage. Meat Loaf filed the lawsuit in Tarrant County this week against Hyatt Corporation and the Texas Frightmare Weekend organizers.
January 15, 2020
Excess & Surplus Lines
Liability
Litigation
Texas
Professional Thieves Heist Valuables Worth Millions From Georgia Jewelry Store
Roswell police are looking for thieves who they say cut a hole to get into a vault to clean out a jewelry store. The owner of Jason Guven Jewelry said the burglars spent hours inside the store on Holcomb Bridge Road last Monday, methodically taking almost every piece of valuable jewelry he had.
January 14, 2020
Excess & Surplus Lines
Georgia
High Winds Spread Construction Site Fire In New Jersey To Multiple Properties
A massive fire ripped through several buildings, including a pair of apartment complexes under construction in downtown Bound Brook Sunday night, according to fire officials. Firefighters, who continued to battle the blaze past 11 p.m., said there were no serious injuries.
January 13, 2020
Excess & Surplus Lines
Property
Subrogation
New Jersey
Claims In Aviation Are Skyrocketing, In Spite Of Better Safety Records
Passengers can take a deep breath - the global airline industry has had some of its safest years in recent times when it comes to fatalities.
January 7, 2020
Excess & Surplus Lines
The Hartford Limits Coverage For Energy Companies, Cites Climate Change
The Hartford Financial Services Group Inc., citing rising worries about climate change, is limiting its insurance coverage of companies in the fossil fuel business.
January 7, 2020
Excess & Surplus Lines
Risk Management
Coca-Cola Semi Tractor Totaled After Crashing Into House
A Coca-Cola tractor-trailer crashed into a Pennsylvania house on Saturday, destroying the front of the home and causing road closures. The accident happened around 6:30 a.m. Saturday in foggy conditions in Quakertown, Pennsylvania.
January 6, 2020
Auto
Excess & Surplus Lines
Property
Subrogation
Pennsylvania
Chain-Reaction Crash Kills Five, Injures 60 On Pennsylvania Turnpike
A chain-reaction crash involving a tour bus, three tractor-trailers and a passenger car killed five people and injured about 60 others on the Pennsylvania Turnpike near Pittsburgh early on Sunday, state police said.
January 6, 2020
Auto
Excess & Surplus Lines
Liability
Subrogation
Pennsylvania




