Insurance
Ryan Specialty to Acquire ACE Benefit Partners in Idaho
Ryan Specialty signed a definitive agreement to acquire certain assets of ACE Benefit Partners Inc. in Eagle, Idaho. The acquisition is expected to close in July 2023. ACE Benefit Partners is a medical stop loss general agent founded in 2014. …
Read More UAE to Tighten Insurance Cover for Ships Flying its Flag
The United Arab Emirates is tightening insurance requirements for vessels registered under its flag, according to a government advisory, amid growing concerns over ships sailing without top tier cover in the event of an oil spill. Ships typically have protection …
Read More Insurance Broker CBIZ Buys Information Security Consultant Pivot Point
Cleveland-based insurance and financial advisory firm CBIZ, Inc. announced that it acquired information security consulting firm, Pivot Point Security, of Hamilton, New Jersey, effective June 1, 2023. Founded in 2001, PPS serves small and middle market businesses with certification and …
Read More Lawsuit Claiming Racism at Tesla Draws Almost 240 Black Workers Saying ‘Me Too’
A Black former assembly line staffer at Tesla Inc. is moving to add hundreds of other workers to his 2017 lawsuit in which he called the electric-car maker’s production floor a “hotbed for racist behavior.” Marcus Vaughn says class-action status …
Read More Google Antitrust Suit Over Ad Tech Sent Back to State Court
A judicial panel on Monday transferred antitrust litigation against Alphabet Inc.’s Google filed by state attorneys general back to a federal court in Texas, citing a law passed by Congress in December. The decision by the Judicial Panel on Multidistrict …
Read More SEC Sues Binance and Founder Zhao Over ‘Web of Deception’
U.S. regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a “web of deception,” piling further pressure on the world’s biggest cryptocurrency exchange and sending bitcoin to its lowest in almost three months. The Securities and …
Read More Industry Alliance Outlines Key Liability Risk Considerations in Insuring AI
Artificial intelligence and its uses are a hot topic these days. Some benefits of AI include efficiency in time and resources, but what happens when an AI-related error or failure occurs? Liability insurance relating to damages caused by an AI …
Read More Massachusetts City Faces Lawsuit Alleging Police Misconduct at George Floyd Protest
Eleven people have filed a federal lawsuit saying they were assaulted by police or wrongfully arrested while peacefully observing a June 2020 protest in Massachusetts’ second-largest city over the killing of George Floyd. The lawsuit filed last Thursday names as …
Read More Connecticut Governor to Sign Gun Control Bill Banning Open Carry, Assault Weapons
A slate of gun control measures was headed Saturday to Connecticut Gov. Ned Lamont’s desk, after an all-night state Senate debate and early morning vote to approve the state’s most wide-ranging gun legislation since the laws that followed the 2012 …
Read More BA, BBC and Boots Caught Up in File Transfer Hack
Tens of thousands of employees of British Airways, the UK drugstore chain Boots and Britain’s BBC were among those whose personal data was exposed following a wide-ranging breach centered on a popular file transfer tool, the organizations confirmed on Monday. …
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