Insurance
Liberty Mutual Announces Organizational Changes, Leading to 370 US Job Losses
Liberty Mutual Insurance announced major organizational changes and executive leadership appointments, which are aimed at enhancing its personal and small commercial lines business in long-term strategic markets. Approximately 370 jobs will be lost in the US as a result of …
Read More Reinsurance Broker, Augment, Launches with Access to $100M in Funding
Augment, a new Miami-headquartered reinsurance broker, announced its official launch with access of up to $100 million in funding from Altamont Capital Partners. Over the last decade, the global reinsurance market has been buffeted by significant shifts — among them …
Read More Insurers Reviewing Black Sea Ship Cover After Russia Suspends Grain Deal: Sources
Insurers are reviewing whether to freeze cover for any ships willing to sail to Ukraine after Russia said on Monday it will suspend participation in a UN-backed deal that allows the export of grain through a Black Sea safe corridor, …
Read More South Carolina Expands Ignition Interlock Law for Drunk Drivers
South Carolina is expanding the number of drunk driving offenders who must install temporary breathalyzers before taking the wheel. Under the new law, anyone convicted of driving under the influence will have to breathe into a device that confirms no …
Read More Death Records Should Be Open to Public, Rules Pennsylvania Court
Autopsy records should be open to the public, a Pennsylvania court ruled in response to the county`s denial of a journalist`s requests for records pertaining to an inmate`s death. The case marks a further easing of the public’s access to …
Read More Swiss Investor Group Lawsuit to Seek Compensation Over UBS-Credit Suisse Deal
A Swiss investors’ association is planning to file a lawsuit seeking compensation for former Credit Suisse shareholders, the latest legal action triggered by the bank’s emergency takeover by its cross-town rival UBS UBSG.S. “Due to the large number of inquiries, …
Read More South Korea Flood Death Toll Rises to 40, Yoon Blames Botched Disaster Responses
South Korean President Yoon Suk Yeol on Monday blamed authorities’ failure to follow disaster response rules as the death toll from days of torrential rain rose to 40, including a dozen people found dead in a submerged underpass. Deluges have …
Read More Canada’s Wildfires Burn Record 25 Million Acres With No End in Sight
Canadian wildfires have scorched more than 10 million hectares (25 million acres) this summer, an area about the size of Iceland, with no end to the burning expected anytime soon. About 900 active fires were reported as of Saturday, most …
Read More Global Rules Leave Crypto Firms With No Place to Hide: G20 Watchdog
Globally agreed rules leave crypto firms with no option but to introduce basic safeguards to prevent the blow-ups seen at FTX exchange and other crypto casualties, the G20’s Financial Stability Board said on Monday. The FSB published on Monday final …
Read More Deadly Storms Across US Northeast Bring Floods, Tornado Alerts
A cluster of severe thunderstorms pounded the US Northeast including New York City on Sunday, unleashing deadly flooding in Pennsylvania, halting operations at several airports, and prompting tornado watches across New England. In Chicago, air quality has reached unhealthy levels …
Read More