Insurance
OSHA: Amazon Failed to Record Some Warehouse Injuries
Amazon failed to properly record work-related injuries at warehouses located in five states, a federal agency said Friday while announcing it issued more than a dozen citations during the course of its ongoing investigation of the company. The Occupational Safety …
Read More Insurers May Refuse to Cover Planes, Ships Exposed to Ukraine Conflict: Sources
Insurers may refuse to cover planes flying to Ukraine or ships sailing through the Black Sea as reinsurers – who insure the insurers – propose excluding the region from policies from next month, four industry sources said. Reinsurers typically renew …
Read More UK MGA Pen Underwriting Launches Claims Hub Dedicated to Property, Liability
Pen Underwriting has launched a new regional claims hub in Chelmsford dedicated to managing commercial property and liability claims, which will complement its existing team of specialists in Manchester, England. As part of its investment in the southern hub, Pen …
Read More German Authorities Recover Significant Part of Haul From 2019 Jewelry Heist
German authorities said Saturday that they have recovered a significant part of the 18th-century treasures stolen from Dresden’s Green Vault museum in a spectacular break-in more than three years ago. Prosecutors and police said in a statement that they secured …
Read More Maryland High Court Joins Others in Backing Insurer in Covid-19 Claims Denial
The Maryland Supreme Court has backed an insurer in rejecting a luxury brand company’s claim that its all-risk commercial property insurance policy should cover its Covid-19 business losses. The ruling is in accord with Covid-19 rulings by high courts in …
Read More “Fortnite” Maker Epic Games to Settle Alleged Privacy Violation for $520M
“Fortnite” creator Epic Games will pay $520 million to settle allegations that it violated a children’s privacy law and tricked people into making purchases, the Federal Trade Commission and the company said on Monday. It will pay $275 million for …
Read More Arthur J. Gallagher & Co. Acquires NEK Insurance in California
Arthur J. Gallagher & Co. acquired El Cerrito, California-based NEK Insurance Inc. Kevin Bruns, Jennifer Sylvestri, Kyle Peterson and their associates will be part of Gallagher’s San Francisco branch under the direction of Jim Buckley, head of Gallagher’s Northwest region …
Read More Judge Halting Provision Making California Gun Lawsuits Costlier
A federal judge said he will block a provision in a new California law to take effect next year that gun advocates argued was designed to hinder anyone from challenging the state’s famously restrictive gun laws. U.S. District Judge Roger …
Read More Binance’s Books Are Black Box, Filings Show, as Crypto Giant Tries to Rally Confidence: Reuters
The world’s biggest crypto exchange, Binance, is battling to shore up confidence after a surge in customer withdrawals and a steep drop in the value of its digital token. The exchange said it dealt with net outflows of around $6 …
Read More CyberCube Gets $50M in Financing for Cyber Risk Analytics
CyberCube announced $50 million in additional growth capital from investment funds managed by Morgan Stanley Tactical Value (Morgan Stanley), with continued participation from all existing investors Forgepoint Capital, Hudson Structured Capital Management (Bermuda) Ltd., MTech Capital, and key investors from …
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