Insurance
Liberty Mutual Estimates Up to $900M in Losses From Helene and Milton
Liberty Mutual Insurance today said it expects up to $900 million in losses from hurricanes Helene and Milton. Parent Liberty Mutual Holding Company (LMHC) in a statement released some preliminary third quarter information “in support of a potential capital markets …
Read More China Is Scanning Canada’s Cyber Defenses, State Watchdog Warns
The Canadian government warned Friday that “a sophisticated state-sponsored threat actor from the People’s Republic of China” has been scanning the cyber defenses of important public entities. “Reconnaissance scanning is not an indication of compromise” but may precede malicious actions, …
Read More IGI Expands in London Underwriting Hub Into Larger Offices
International General Insurance Holdings Ltd. announced it will move its London operations to new offices on the 15th floor of the so-called “Walkie-Talkie” building at 20 Fenchurch Street, London, EC3M 3BY on Monday, Oct. 28, 2024. IGI said the move …
Read More McDonald’s E. Coli Crisis Reveals Vegetable Contamination Is Harder Problem Than Beef
Moves by major U.S. fast-food chains to temporarily pull fresh onions off their menus on Thursday, after the vegetable was named as the likely source of an E. coli outbreak at McDonald’s, laid bare the recurring nightmare for restaurants: Produce …
Read More Dozens of Alleged Looters, Unlicensed Construction Workers Arrested in Florida
More than 100 people were arrested late last week in storm-ravaged Pinellas County, Florida, charged with looting homes and working as unlicensed contractors, two weeks after Hurricane Milton forced many residents to evacuate. Pinellas County Sheriff Bob Gualtieri said that …
Read More People Moves: Price Forbes Bermuda Promotes Kelley to CEO; WTW Gets Saudi Arabian License, Names Chubb’s Bahafi as Head of Insurance Broking
This edition of Interational People Moves details appointments at the brokers Price Forbes and WTW. A summary of these new hires follows here. Price Forbes Bermuda Promotes Kelley to CEO Price Forbes Bermuda announced the promotion of Carrie Kelley to …
Read More US Nuclear Regulator Begins Review on Three Mile Island Restart
U.S. nuclear regulators kicked off a long-winding process to consider Constellation Energy’s unprecedented plans to restart its retired Three Mile Island nuclear power plant in an initial public meeting held on Friday. Constellation, which announced last month that it had …
Read More Lyft to Pay $2 Million to Resolve FTC Suit Over Driver Pay
Lyft Inc. agreed to pay $2.1 million to resolve a lawsuit by the US Federal Trade Commission accusing the ride-hailing company of deceiving drivers about how much they would earn when consumer demand picked up after the pandemic. The agency …
Read More Connecticut Declares State of Emergency, Burn Ban Due to Severe Fire Conditions
The state of Connecticut on Saturday instituted a ban on the use of outdoor grills, firepits, and campfires, and the kindling and use of flame outdoors in all state parks, forests, and wildlife management areas due to statewide severe fire …
Read More Rebuilding from Hurricanes Hinges on Immigrants at Center of US Election
The efforts to rebuild in Southeastern states after a pair of destructive hurricanes are at risk of being drawn out by shortages of a critical supply of workers: migrants. Builders are anxious about proposals laid out by Donald Trump that …
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