2 months 1 week ago
Federal authorities said the superintendent of Iowa’s largest school district had a history of criminal charges before his arrest by immigration agents last week, which shocked the community and prompted the school board to sue the consulting company it hired …
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2 months 1 week ago
The US Supreme Court declined a chance to open social media companies to lawsuits over content recommended by their algorithms, turning away an appeal that accused Meta Platforms Inc.’s Facebook of radicalizing a man who killed nine South Carolina churchgoers. …
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2 months 1 week ago
SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced an agreement to sell its 49% equity stake in managing general agent, Arcadian Risk Capital to private equity firm Lee Equity Partners for a total consideration of $139 million, inclusive of …
2 months 1 week ago
The commercial insurance industry is entering a period of stability and opportunity made possible by an abundance of capital and the power of artificial intelligence (AI), according to a new report from global broker Willis. This promising stage comes after …
2 months 1 week ago
Illinois sued the Trump administration over its plan to deploy National Guard troops to the Chicago area, setting off a fresh legal battle over the president’s authority to use soldiers to respond to protests over his immigration crackdown. The lawsuit …
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2 months 1 week ago
More than a year after he was charged, a Georgia businessman known as “Dr. Taxes” has been indicted for posing as an insurance agent and swiping hundreds of thousands of dollars in workers’ compensation premiums. Emmanual Torres-Cruz, 35, was indicted …
2 months 1 week ago
The massive power outage that hit the Iberian Peninsula in April is the first known blackout caused by excessive voltage, the European network of electricity transmission system operators said in a report on Friday [October 3] . Released ahead of …
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2 months 1 week ago
Intact Financial Corp. (IFC) announced the official rebranding of RSA and NIG to Intact Insurance across the UK, Ireland and Europe. This move marks a significant milestone in the company’s journey which is now united under a single brand, reflecting …
2 months 1 week ago
Global Indemnity Group LLC (GBLI) announced that its subsidiary, Penn-America Underwriters LLC, is launching its first reinsurance managing general agency (MGA), in partnership with veteran reinsurance executive George Dragonetti, who will also serve as president of the new unit. Penn-AmericaUnderwriters …
2 months 1 week ago
Hedge funds speculating on wildfire insurance claims in California were just dealt a legal blow, after the state adopted new legislation designed to stifle such bets. Under the law, approved last month by California Governor Gavin Newsom, alternative investment managers …
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2 months 1 week ago
Chaucer Group, the global specialty re/insurance group, announced the launch of Vanguard, a comprehensive cyber risk management and insurance solution designed to protect organizations in the face of an evolving threat landscape. This new primary business policy focuses on complex …
2 months 1 week ago
Russian warships have repeatedly sailed on collision courses, aimed weapons at Danish naval vessels and disrupted navigation systems in Denmark’s straits that connect the Baltic Sea to the North Sea, its defense intelligence service said on Friday. Such incidents risk …
2 months 1 week ago
India’s government has begun early-stage talks with local insurers about designing a nationwide climate-linked insurance program aimed at simplifying the payout process after extreme weather events such as heatwaves and floods. The scheme would adopt a parametric insurance model, where …
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2 months 1 week ago
Malaysia’s financial services firm MBSB Bhd will provide MYR1.3 billion ($309 million) in funding to support the expansion of Weststar Aviation Services Sdn Bhd, the aviation arm of The Weststar Group, the Edge newspaper reported Friday, citing a statement. The …
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2 months 1 week ago
Kendra Kay loved growing up in the quiet of West Texas. She enjoyed the peacefulness brought in by the open lands. She appreciated how everyone in her community had a purpose and contributed to their way of life. She never …
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2 months 1 week ago
A Delaware judge said former Activision Blizzard officials including Chief Executive Bobby Kotick must face most of a lawsuit alleging they shortchanged shareholders when Microsoft bought the “Call of Duty” game maker for $75.4 billion. Chancellor Kathaleen McCormick of the …
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2 months 1 week ago
Executives at large organizations are being extorted by a notorious ransomware group, which claims to have stolen data from them via Oracle Corp.’s popular E-Business Suite applications, according to a Google cybersecurity executive and three others familiar with the matter. …
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2 months 1 week ago
After Paola Freites was allowed into the U.S. in 2024, she and her husband settled in Florida, drawn by warm temperatures, a large Latino community and the ease of finding employment and housing. They were among hundreds of thousands of …
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2 months 1 week ago
A toxic cloud of chemicals was released from an industrial site near Cocoa Beach last week, but authorities said no one was seriously injured, and the leak has been repaired. Florida Today and other news outlets reported that about 10 …
2 months 1 week ago
Florida’s Citizens Property Insurance Corp. is deferring the required proof of flood insurance while the federal government shutdown continues and the National Flood Insurance Program is in limbo. “Citizens will accept applications and defer the required proof of flood coverage …
William Rabb