Insurance
China Aims to Boost Foreign Investment in Property Insurance Market
China’s financial regulator unveiled a plan on Friday to enhance supervision and support the development of the property insurance industry, according to a statement. The country will support qualified foreign financial institutions to invest in its property insurance market, and …
Read More Ransomware Gangs’ Merciless Attacks Bleed Small Companies Dry
The black-and-white message flickering across computer screens sparked panic at Knights of Old, a 158-year-old UK delivery company: “If you’re reading this, it means the internal infrastructure of your company is fully or partially dead.” Knights’ network for managing trucks …
Read More Trump Names David Sacks as White House AI and Crypto Czar
Donald Trump says he is selecting venture capitalist David Sacks of Craft Ventures LLC to serve as his artificial intelligence and crypto czar, a newly created position that underscores the president-elect’s intent to boost two rapidly developing industries. “David will …
Read More Aviva Reaches Initial £3.6 Billion Deal to Buy Direct Line
Aviva Plc reached a preliminary agreement to buy Direct Line Insurance Group Plc for £3.6 billion ($4.6 billion) in a deal that would create the UK’s largest motor insurer. London-listed Aviva sweetened its bid in the latest negotiations with Direct …
Read More ‘Large Number’ of Americans’ Metadata Stolen by Chinese Hackers, Says Official
A large number of Americans’ metadata has been stolen in the sweeping cyberespionage campaign carried out by a Chinese hacking group dubbed “Salt Typhoon,” a senior U.S. official told journalists on Wednesday. The official declined to provide specific figures but …
Read More Viewpoint: What’s on Tap for Insurance Digital Marketing in 2025?
Historically, insurance has had a reputation as an industry slow to embrace change. However, it’s safe to say that technology and customer expectations are leaving insurers with no choice but to adapt. Individuals and businesses are changing how they buy …
Read More Boeing Plea Deal Over Fatal 737 Crashes Rejected by Judge
A federal judge rejected Boeing Co.’s plea deal that sought to let the planemaker avoid criminal prosecution over to two fatal 737 Max crashes, in a surprise twist that threatens to prolong the company’s recovery from past scandals. US District …
Read More Don’t Touch Fla. Reforms, Panelists Implore, but Maybe Tax Breaks for Elevated Homes
Regulators, insurance companies and attorneys at the Florida Chamber of Commerce Annual Insurance Summit this week sent a clear message to lawmakers about tinkering with Florida’s property insurance law, two years after major legislative reforms were adopted: “Don’t touch it. …
Read More Massachusetts Cites Burger King, Settles With Popeyes Over Labor Law Charges
Massachusetts Attorney General Andrea Joy Campbell has issued citations against Northeast Foods LLC, a company which operates Burger King franchise locations across Massachusetts, for allegedly violating various state employment laws, including child labor laws. The citations, totaling approximately $2,029,754, include …
Read More Former State Employee Pleads Guilty to Insurance Fraud and Felony Theft
A former state employee in Maryland has pleaded guilty in separate cases involving insurance fraud and felony theft. According to Maryland Attorney General Anthony G. Brown, the charges against Shanell Angelia West, of Essex, Maryland, stemmed from her actions during …
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