Insurance

So far in 2022, the U.S. has experienced multiple tragic mass shootings. One only needs to see the images on the news following the shooting at Robb Elementary School in Uvalde, Tex., or the attack during the Fourth of July …

Energy infrastructure will become more vulnerable to extreme weather such as heatwaves and hurricanes, the World Meteorological Organization warned on Tuesday, with a senior official saying that climate change poses as big a threat to global energy security as the …

According to Stonybrook Capital, the damage from Hurricane Ian will result in the largest-ever insured loss event in nominal dollars. The advisory and investment banking firm focused on the insurance industry said the all-in insured loss and loss adjustment expenses …

A pro-Russian hacktivist group is claiming credit for a series of disruptions that temporarily knocked the websites of some US airports offline. The group, called Killnet, has engaged in a series of cyberattacks in recent months against Western targets, including …

RPS Elevates Duffey as President of Signature Programs Risk Placement Services, a specialty insurance distributor, announced that Russell Duffey will be president of its program administration division, known as RPS Signature Programs. Duffey, based in Georgia, joined RPS in 2000 …

The U.S. Department of Labor reported that it has obtained a default judgment to recover $703,609 in back wages and liquidated damages for 38 employees denied overtime pay by a Chesapeake, Virginia home healthcare company and its owner who officials …

Karamjit Nijjar, 57, his wife Rajinder Kaur Nijjar, 55, and their daughter Mandip Nijjar, 31, were arraigned today on four felony counts each for their involvement in a workers’ compensation insurance fraud scheme after allegedly underreporting over $2.5 million in …

C3 Risk & Insurance Services and B. Wood Insurance in San Diego, California, have joined to expand employee benefits plan services. The merger went into effect on Oct. 1. The company will operate under the C3 Risk & Insurance Services …

The Jensten Group, the UK-headquartered independent insurance broking group. has completed the acquisition of Ravenhall Risk Solutions, following final regulatory approval, bringing an additional 2,500 clients and 25 staff to the group. Leeds-based Ravenhall Risk Solution serves commercial and personal …

European Union sanctions on Russian oil might still be eight weeks away, but they’re hitting trade in the nation’s crude already. The bloc’s measures, including a ban on insuring tanker shipments, enter into force on Dec. 5. A Russian cargo …