Insurance
IGI Completes Acquisition of Norway-Based MGA Energy Insurance Oslo
International General Insurance Holdings Ltd. announced the completion of the acquisition of Norway-based managing general agency Energy Insurance Oslo AS (EIO). The transaction included the acquisition of all outstanding shares of EIO. The entity, which is expected to be renamed …
Read More Biden’s Antitrust Push Across Agencies Is Working to Block Deals
The Biden administration’s strategy of leaning on industry regulators to block deals that might be tricky for the Justice Department to challenge in court is working. In the past month alone, telecom and airline regulators have moved to nix Standard …
Read More Crypto Is Finally Getting Its First Supreme Court Appearance
A clash involving disgruntled Coinbase Global Inc. customers will give the US Supreme Court its first taste of the world of cryptocurrency, foreshadowing future cases that could help define the industry. The justices on Tuesday hear arguments stemming from Coinbase’s …
Read More Specialist Insurer Hiscox Launches Underwriting Academy in UK
Specialist insurer Hiscox UK has officially launched its underwriting academy following a successful pilot in Q4 2022. The Hiscox Underwriting Academy provides hands-on technical and professional development for high performing talent. The academy is part of a wider drive to …
Read More Microsoft Warns Russian Hackers May Plan More Attacks, Inside and Outside of Ukraine
Microsoft Corp. warned an infamous hacking group that is tied to Russia’s military intelligence agency GRU could be gearing up for more ransomware attacks both inside and outside of Ukraine. Microsoft calls the group Iridium, but it is perhaps best …
Read More UK Bans Chinese-Owned TikTok on Government Phones on Security Concerns
Britain said on Thursday it would ban TikTok on government phones with immediate effect, a move that follows other Western countries in barring the Chinese-owned video app over security concerns. TikTok has come under increasing scrutiny due to fears that …
Read More Heavier Vehicles, Distracted Drivers Impacting Claim Severity
US roadways are carrying heavier, more powerful vehicles operated by motorists who are older, driving faster and more often distracted, according to CCC Intelligent Solutions’ annual Crash Course report. Each of those factors has a bearing on the frequency and …
Read More Tesla Not Entitled to More Info About Race Bias Probe
A California civil rights agency suing Tesla Inc. over alleged widespread race bias at its flagship assembly plant on Tuesday asked a judge to narrow the scope of his tentative ruling requiring the agency to provide more details about the …
Read More FBI Returns 50 Artifacts Stolen From Museums
Federal authorities say dozens of artifacts stolen in the 1970s from museums in several states and dating back as far as the French and Indian War have been returned to the institutions. The FBI announced Monday at a ceremony at …
Read More Physical Abuse Must Involve ‘Imbalance or Misuse of Power’ for Exclusion: Court
An act of physical abuse is not excluded by an abuse and molestation exclusion in a homeowners insurance policy unless the act involves “an imbalance or misuse of power in addition to being physically harmful,” the Massachusetts Supreme Judicial Court …
Read More