1 month ago
Stellantis detected unauthorized access to a third-party service provider’s platform that supports its North American customer service operations, the company said in a statement on Sunday. The automaker said the incident, which is under investigation, exposed only basic contact information …
1 month ago
A Massachusetts jury has awarded $83 million to the estate of a woman who died from mesothelioma caused by asbestos in ceramics products. The jury returned the verdict against the maker of the ceramics products, American Art Clay Co. The …
1 month ago
Ardonagh Europe, part of The Ardonagh Group and headquartered in Dublin, Ireland, has agreed to acquire Groupe Leader Insurance (GLI), one of the top 10 wholesale and multi-specialist brokers in France. Founded in 2003 by entrepreneur Yoann Chery, GLI has …
1 month ago
This edition of International People Moves details appointments at Lockton Re and Marsh McLennan. A summary of these new hires follows here. Lockton Re Taps Le Flufy From Gallagher Re as Global Head of Cyber Lockton Re, the reinsurance business …
1 month ago
Increased wildfire smoke could lead to 1.4 million premature deaths globally each year by the end of this century, according to a new study. Scientists at China’s Tsinghua University found that early deaths linked to particulate matter in wildfire smoke …
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1 month ago
Eight months after Assicurazioni Generali SpA and BPCE SA announced their intention to create Europe’s second-biggest asset manager, their plan is looking increasingly fragile. Neither firm has yet submitted the contract for signing to their respective boards even though that …
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1 month ago
China’s giant electric vehicle insurance market is flailing. Losses are piling up, as companies’ risk models haven’t kept up with changes in vehicle economics and driver behaviors. The country now has tens of millions of electric cars on its roads, …
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1 month ago
Hong Kong is bracing for widespread damage and disruption from the approaching Super Typhoon Ragasa, which is currently churning off the northern coast of the Philippines with tree-snapping winds. The powerful storm is packing maximum sustained winds of 230 kilometers …
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1 month ago
A cyberattack that forced airlines to cancel and postpone flights at several major European airports was caused by ransomware that disrupted the software used to process passenger check-ins, according to a European cybersecurity agency. The incident, which began on Friday, …
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1 month ago
The U.S. Federal Trade Commission and seven states accused Live Nation and its ticketing arm Ticketmaster of costing fans millions of dollars by tacitly allowing ticket brokers to scoop concert tickets and sell them to at a significant markup, the …
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1 month ago
Starbucks workers in three states took legal action against the coffee giant Wednesday, saying it violated the law when it changed its dress code but refused to reimburse employees who had to buy new clothes. The employees, who are backed …
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1 month ago
A federal judge on Friday threw out U.S. President Donald Trump’s $15 billion defamation lawsuit against the New York Times over its content, calling it a “decidedly improper and impermissible” effort to attack his adversaries. U.S. District Judge Steven Merryday …
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1 month ago
In one of the grimmest, longest-running and most-litigated episodes of alleged child sexual abuse at a private school, the key question in a case now before the Georgia Court of Appeals is whether insurers’ recent policies barred coverage for incidents …
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1 month ago
No guns for Elmo, Spider-Man or anyone else in New York’s Times Square — and don’t try sneaking them into the subway, either. That is the decision last Friday from a federal appeals court effectively upholding a New York state …
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1 month ago
A former Riverside megachurch pastor has been accused of sexually abusing and trafficking children for years at a shelter he ran in Bucharest, according to lawsuits filed by two Romanian men in U.S. District Court in California. The complaints, filed …
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1 month ago
California will not backfill a $7,500 federal tax credit for buyers of electric vehicles that is set to expire this month, Gov. Gavin Newsom said on Friday, reversing an earlier pledge to restart the state’s own EV subsidies. “We can’t …
1 month ago
California Insurance Commissioner Ricardo Lara on Friday announced he wants to make certain reforms to the state’s insurance law, Proposition 103, including changing the controversial intervenor process. Prop. 103, passed by voters in 1988, is the state’s bedrock insurance law …
1 month ago
IMA Financial Group, a North American insurance brokerage firm specializing in risk management, wholesale brokerage, and wealth management, has announced two key leadership appointments in its Houston office to support the company’s commitment to the region and its growing client …
1 month ago
A trial court said the insurance policy was ambiguous, allowing a commercial umbrella policy to supplement coverage in the deaths of five people killed by a drunken driver in 2019. But the Kentucky Supreme Court this week found that the …
William Rabb
1 month ago
A Texas Department of Insurance (TDI) investigation led to prison time for a former insurance agent who overcharged almost $300,000 in insurance premiums. Carlyle Poindexter pleaded guilty to conspiracy to commit wire fraud in August and was sentenced to five …