Insurance
Amwins Global Risks Acquires UK Broker Roberts Armytage & Partners
Amwins Global Risks, the London-based international arm of global specialty insurance broker Amwins, announced the acquisition of Roberts Armytage & Partners (RAP), the specialist, energy and marine-focused London broker. Financial details of the transaction were not disclosed. As the energy …
Read More Airbus and Qatar Airways Settle Bitter Dispute Over Grounded A350 Jets
Airbus and Qatar Airways have settled a dispute over grounded A350 jets, the companies said on Wednesday, averting a potentially damaging UK court trial after a blistering 18-month feud that tore the lid off the global jet market. The “amicable …
Read More Hackers of ION Trading Also Hit UK Postal Service, Canada Hospital, U.S. Local Agencies
The hacking group behind a cyberattack against the software firm ION Trading UK has recently conducted a series of breaches throughout the world, with its victims including the UK’s postal service and local government agencies in the US. The gang, …
Read More Crypto Thefts Hit Record $3.8B in 2022 on Surge in North Korea Hacking: Report
Thieves stole a record $3.8 billion worth of cryptocurrency in 2022 as sanctions on North Korea drove a surge in suspected hacking by the Asian nation. Overall crypto losses increased from $3.3 billion stolen in 2021, blockchain analysis firm Chainalysis …
Read More U.S. CFTC Traders Report Delayed by Ransomware Attack on Data Firm ION
The U.S. Commodity Futures Trading Commission said on Thursday that as a result of the ransomware attack on ION Trading UK the CFTC’s weekly Commitments of Traders report will be delayed until all trades can be reported. ION Group, the …
Read More Workers Comp Insurtech Pie Transitions to Full-Stack Carrier
Small-business workers compensation provider Pie Insurance has completed its transition to a full-stack carrier. Effective Jan. 1, the company said it acquired nationally licensed insurance company The American Insurance Company, while also touting the news that the Pie Insurance Group …
Read More Amazon Fined for Worker Safety Violations in Three States
US federal workplace safety regulators fined Amazon.com Inc. more than $60,000 for putting warehouse employees at risk for lower back injuries and other musculoskeletal disorders. The Occupational Safety and Health Administration discovered the violations last year during inspections of Amazon …
Read More Washington Insurance Commissioner Fines Producers, Insurers
Washington Insurance Commissioner Mike Kreidler issued fines in January totaling $11,000 against insurance companies, producers, brokers, and individuals who violated state insurance laws and regulations. Following are the entities fined, and how much they were fined: Unauthorized Insurers DNProtect, Epik …
Read More Insurer, Tech Services Firm Settle Claim for Business Lost While Helping Clients Recover From Breach
A technology and cybersecurity services firm and its insurer have settled a business interruption claim linked to a data breach one month after a federal judge denied the insurer’s bid to have the claim dismissed. The claim involved business losses …
Read More California Climate Bills Requiring Broad Disclosures Have National Implications
A pair of California bills requiring large companies to report emissions from across their supply chains and creating more stringent reporting of climate-related impacts could have implications nationwide. Two Legislators from the Golden State this week introduced Senate Bill 253 …
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