Insurance
Arthur J. Gallagher Acquires Viking Bond Service in Arizona
Arthur J. Gallagher & Co. acquired Phoenix, Arizona-based Viking Bond Service Inc. Tom Buckner, Bill Belpedio and the Viking Bond team will operate under the direction of Kevin Garvin, head of Affinity North America for Gallagher’s retail property/casualty brokerage operations. …
Read More Fox, Dominion Pursue Pretrial Wins in $1.6B Defamation Case
Lawyers for Dominion Voting Systems on Tuesday were asking a Delaware judge to find Fox Corp. liable for defamation over airing debunked vote-rigging claims, while Fox lawyers fighting a $1.6 billion lawsuit counter that the network’s 2020 election coverage was …
Read More UK Businesses Face Risk of Underinsurance as Construction Costs Reach Record Highs
Continuing high levels of inflation in construction costs in the UK and globally, risk leaving homes and businesses underinsured in the event of fire or another catastrophic event, warned Chaucer, the specialty re/insurance group. Many businesses have tried to save …
Read More Without Veto, Tougher Riot, Property Damage Penalties Become Law in North Carolina
Increased punishments for rioting in North Carolina will become law later this year as Democratic Gov. Roy Cooper announced on Friday he wouldn’t use his veto stamp on legislation that’s similar to a bill he successfully blocked in 2021. The …
Read More Boaters Did Not Survive After Trying to Rescue Woman, Florida Sheriff Says
Two men were found dead after a boating incident on a central Florida lake near the Legoland theme park. Polk County Sheriff Grady Judd said at a news conference that the two men had jumped into Lake Eloise Saturday to …
Read More Toxic Spills at Alberta’s Oil Sands Spur Canada to Boost Regulatory Oversight
Canada’s federal government is stepping up environmental oversight in Alberta’s oil sands after Imperial Oil Ltd. and the provincial regulator were slow to report toxic spills. Environment Minister Steven Guilbeault has proposed a joint federal-provincial-Indigenous working group with the involvement …
Read More Russian Court Freezes Volkswagen Assets in Russia
A Russian court on Monday froze all Volkswagen assets in Russia, in the latest obstacle to the German carmaker’s year-long efforts to wind down its Russian operations. Volkswagen, along with other foreign carmakers, suspended operations in Russia last year after …
Read More Ferrari Says Ransomware Attack Exposed Clients’ Names, Email Addresses
Ferrari NV said it was hit by a ransomware attack that exposed information on the Italian sports car maker’s customers. “Certain data relating to our clients was exposed, including names, addresses, email addresses and telephone numbers,” Chief Executive Officer Benedetto …
Read More Britain’s Financial Services Industry Plans Blueprint for Post-Brexit ‘Kickstart’
Top officials from Britain’s financial sector said on Tuesday they would set out a blueprint later this year to “kickstart” London’s role as a post-Brexit global financial center by 2030. The City of London, home to Britain’s historic financial district, …
Read More Too Soon for ‘All Clear’ in D&O Insurance Market as Banks Fall
D&O insurers breathed a short sigh of relief when the U.S. government pledged to protect depositors of failed Silicon Valley Bank last week. But it wasn’t necessarily business as usual for watchful underwriters in the days following the March 12 …
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