Insurance Journal
Hurricane Helene has halted chicken processing plant operations and caused severe damage to some flocks, while also downing pecan trees and flattening cotton crops, as floodwaters swamped the southern US. Wayne-Sanderson Farms said its Moultrie, Geor...
Posted: Sep 30, 2024
Marsh McLennan says it has a deal in place to acquire McGriff Insurance Services for $7.75 billion, funded by cash and debt financing. U.S. retail broker McGriff, an affiliate of private-equity backed TIH (formerly Truist Insurance Holdings), had $1....
Posted: Sep 30, 2024
The lead European Union privacy regulator fined social media giant Meta 91 million euros ($101.5 million) on Friday for inadvertently storing some users’ passwords without protection or encryption. The inquiry was opened five years ago after Me...
Posted: Sep 30, 2024
The lead European Union privacy regulator fined social media giant Meta 91 million euros ($101.5 million) on Friday for inadvertently storing some users’ passwords without protection or encryption. The inquiry was opened five years ago after Me...
Posted: Sep 30, 2024
Production will remain suspended indefinitely at a Tata Electronics plant in southern India that makes Apple iPhone components after a fire at the weekend, officials said on Monday as they acted to prevent further damage from the blaze. “We hav...
Posted: Sep 30, 2024
Specialist Risk Group (SRG), the London-based specialist insurance intermediary, announced that its acquisition by Warburg Pincus, a global growth investor, and Temasek, the Singapore-based investment company, has been completed. With the necessary r...
Posted: Sep 30, 2024
On a brisk late September morning in the heart of Chablis wine country, grape pickers haul large and heavy buckets over their shoulders, drenched in sweat as they climb the very steep slope of the Vau de Vey vineyard. It’s …
Posted: Sep 30, 2024
Ventis, the London-based commercial and residential real estate managing general agent, has expanded into Ireland, continuing its mission to deliver client service and capacity to brokers in the underserved middle of the property market. Ventis’...
Posted: Sep 30, 2024
Taiwan issued a land warning on Monday ahead of the arrival of Typhoon Krathon, which has strengthened into the equivalent of a Category 4 hurricane and is expected to cross the densely populated west coast bringing torrential rain and strong …
Posted: Sep 30, 2024
U.S. software firm Cloudflare has denied any role in hosting two websites run by a hacker offering for sale stolen personal data and medical records of customers of top Indian insurer Star Health. The statement comes after the company was …
Posted: Sep 30, 2024
Singapore-flagged oil tanker EM Longevity made its final voyage almost three years ago, after more than two decades at sea. Earlier this month, ship-tracking data showed it arriving at a Chinese port, loaded with crude and ready to discharge. With &#...
Posted: Sep 30, 2024
On Thursday night Helene crashed into Florida’s coast as a Category 4 hurricane. The giant storm with 140-mile-per-hour winds made landfall close to where Hurricane Debby hit in August and where Idalia struck just over a year ago. It quickly &#...
Posted: Sep 30, 2024
Hackers are exploiting the partisan divide in the US to lure Americans into clicking on phishing emails, according to new research. An “extensive and coordinated” phishing campaign was identified in July and August in which the hackers se...
Posted: Sep 30, 2024
Toyota Motor Corp is recalling over 42,000 U.S. vehicles over loss of power brake assist that can extend the distance required to stop, the National Highway Traffic Safety Administration said on Friday. The recall affects certain 2023-2024 Corolla Cr...
Posted: Sep 30, 2024
The world’s top container carrier is urging customers to move US cargo through East and Gulf Coast ports before the planned start on Tuesday of a dockworker strike that threatens to paralyze as much as half the nation’s seaborne trade ...
Posted: Sep 30, 2024
Hurricane Helene’s storm surge along Florida’s western edges is being called the most devastating since 1921, responsible for destroying or heavily damaging hundreds of homes and businesses in the area. One of those homes belonged to pro...
Posted: Sep 30, 2024
A Florida surgeon’s license was suspended last week after he reportedly removed the wrong organ from a patient, leading to the man’s death. Dr. Thomas Shaknovsky, working at Ascension Sacred Heart Emerald Coast Hospital near Fort Walton B...
Posted: Sep 30, 2024
A jury has awarded $2.78 million to an au pair whose employer used a hidden camera to videotape her while she slept in their New York City home. The jury in Brooklyn federal court ordered Michael and Danielle Esposito to …
Posted: Sep 30, 2024
A propane system is believed to have been the source of a massive explosion that killed two people and destroyed a house in the Pittsburgh area near the Ohio River earlier this year, authorities said. A spokesperson for the Allegheny …
Posted: Sep 30, 2024
Inszone Insurance Services acquired ISU Francis-Pinney Insurance Services Inc. in California. ISU Francis-Pinney Insurance Services evolved through several mergers, including All-Cal Insurance and the John A. Francis Agency. Sacramento, California-ba...
Posted: Sep 30, 2024
California, the birthplace of hot rod culture and televised police chases, is cracking down on a surge in deadly street takeovers. Often organized through social media, these chaotic events — also known as sideshows — have transformed quiet streets i...
Posted: Sep 30, 2024
A group of Baltimore longshoremen have sued the owner and manager of the ship that caused the Francis Scott Key Bridge collapse, arguing the companies should compensate them for wages lost while the port was closed in the aftermath of …
Posted: Sep 30, 2024
This post is part of a series sponsored by Selectsys. The insurance industry is undergoing significant transformation, driven by the adoption of automation in Business Process Outsourcing (BPO). By integrating technologies like artificial intelligenc...
Posted: Sep 29, 2024
Hurricane Helene made landfall late Thursday, Sept. 26, in the Florida Big Bend, a sparsely-populated 150-mile coastal stretch from Apalachee Bay, south of Tallahassee, to Waccasassa Bay in the south. All told, the population of the area amounts to l...
Posted: Sep 29, 2024
This edition of International People Moves details appointments at AXA XL Bermuda, the MGA Intangic, and the Lloyd’s insurer Dale Underwriting Partners. A summary of these new hires follows here. AXA XL Promotes Flanagan to Head of P&C Berm...
Posted: Sep 27, 2024