Insurance

Power grid operators around the Baltic Sea are beefing up protection of subsea cables and other critical infrastructure after the suspected sabotage on a gas link between Finland and Estonia last weekend. Government officials in Lithuania ordered more naval patrols …

MGM Resorts International Chief Executive Officer Bill Hornbuckle chose not pay a ransom to hackers who broke into his casino chain’s computer system because they didn’t ask for money until well after the company discovered the attack. The intruders moved …

Generali said on Thursday that it has reached an agreement with German insurance heavyweight Allianz for the sale of TUA Assicurazioni for 280 million euros ($295 million) in cash. Mediobanca, Banca di Credito Finanziario and Rothschild & Co acted as …

Big multistate operators often get the bend-over-backward treatment from all service providers, but what are insurance brokers looking to get the same treatment for their small-to-midsize client to do? It turns out, there’s a lot that can be done to …

Israel’s parliamentary finance committee approved a plan to provide a state guarantee of $6 billion to cover insurance against war risks to Israeli airlines, the Finance Ministry said on Thursday. The guarantee framework will grant Israeli airlines insurance policies against …

Google said on Thursday that it will defend users of generative artificial-intelligence systems in its Google Cloud and Workspace platforms if they are accused of intellectual property violations, joining Microsoft, Adobe and other companies that have made similar pledges. Major …

MINNEAPOLIS (AP) — A Minnesota county agreed to pay a $12.2 million settlement to a man who was jailed on suspicion of drunken driving but ended up losing both his hands and suffering a heart attack, a stroke and skin …

PG&E Corp. will pay a $45 million penalty for its role in starting the second-largest wildfire in California history under a settlement proposal issued by state regulators. The California utility giant agreed to the shareholder-funded penalty proposed by the California …

Scardino and Gould Join WTW CRB North American Team WTW, headquartered in London, England, has added two new leaders in its Dallas, Texas, offices. The company appointed Frank Scardino as North America strategic sales leader and leader of the Dallas …

Effective today, Pat Tomlinson has been named president of Marsh McLennan’s Mercer, and will succeed Mercer CEO Martine Ferland upon her retirement March 31, 2024. In the meantime, as president, Tomlinson will report to Ferland and have management responsibility for …