Insurance
FBI Warns on Scattered Spider Hackers, Urges Victims to Come Forward
The FBI warned organizations to guard against the Scattered Spider hacking group, which has breached dozens of American organizations over the past year, stealing their sensitive data for extortion. The FBI alert follows a Reuters report this week that said …
Read More Fairfax Offers to Take Agritech Firm Farmers Edge Private at 99% Below IPO Price
Canadian financial group Fairfax Financial Holdings Ltd. offered to buy out minority shareholders of agriculture technology firm Farmers Edge Inc. at a price that would crystallize near-total losses for any longer-term holders of the stock. Fairfax’s takeover bid of 25 …
Read More Amwins Completes $1 Billion Recapitalization Transaction
Wholesale broker Amwins Group, Inc. said it completed a $1 billion recapitalization transaction with its existing shareholder group. Dragoneer Investment Group, Genstar Capital, SkyKnight Capital, and employee shareholders purchased $1 billion in equity from more than 375 Amwins employee shareholders …
Read More Markets/Coverages: Arch Insurance Int’l Launches Intangible Assets Team for IP Risks
Arch Insurance International has launched an intangible assets team, which joins from Aon following an agreement to acquire certain assets of its intellectual property (IP) liability MGA business. Led by Ian Lewis as head of Intangible Assets, the five-person underwriting …
Read More New York Governor Hochul Proposes Limousine Safety Bill
New York Governor Kathy Hochul announced a legislative proposal to improve safety within the limousine industry. The bill includes provisions requiring that stretch limousines be equipped with enhanced safety features and prohibiting the operation of a stretch limousine that is …
Read More Georgia Fires Kill 3, Destroy Historic Home in Stone Mountain Park
A house fire in northeast Georgia that killed three people last week was found to be accidental in nature, linked to a clothes dryer that was running overnight. And a blaze that burned a 180-year-old, historic home in Stone Mountain …
Read More EU Proposes to Ban Sale of Tankers to Russia to Curb Growth of Shadow Fleet
The European Commission is proposing to ban the sale of tankers for crude oil and petroleum products to Russia to prevent Moscow bypassing western sanctions on Russian oil with a shadow fleet of ships, a proposal by the Commission showed. …
Read More Fifth Member of Catalytic Converter Theft Crew Pleads Guilty
A Springfield, Massachusetts man pleaded guilty Tuesday in federal court in Boston to his role in a regional organized theft crew that officials say stole catalytic converters from more than 490 vehicles as well as from bank automatic teller machines …
Read More Heavy Rains, High Winds Bring Flooding, Damage to South Florida
FORT LAUDERDALE, Fla. (AP) — Why has it been raining so much in south Florida? Experts say the latest windy, rainy storm system seen this week has nothing to do with hurricane season. The storm system that formed over the …
Read More Mississippi Loosens Burn Ban After More Rain and Fewer Wildfires
JACKSON, Miss. (AP) — Recent rain has helped improve drought conditions enough for Mississippi Gov. Tate Reeves to partially lift a statewide burn ban. Reeves, the Mississippi Forestry Commission and the Mississippi Emergency Management Agency said the burn ban will …
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