Insurance
‘Cryptojacking’ Attacks on Financial Firms Surged in First Half
Hackers are increasingly targeting financial firms such as banks and trading houses with attacks designed to use their computer systems to mine cryptocurrencies, according to cybersecurity firm SonicWall. The number of so-called cryptojacking attacks on financial companies more than tripled …
Read More Lloyd’s Insurers Preparing to Cover Ukraine Grain
Lloyd’s of London insurers and brokers are preparing to provide cover for grain shipments from Ukraine and are likely to announce their plans shortly, the commercial insurance market’s chairman said on Wednesday. Russia and Ukraine signed a deal on Friday, …
Read More Third Person Dies After Suspicious House Fire in Nashville
A third person has died from injuries after a suspicious house fire in Nashville, Tennessee, police said. Michael Young, 44, was pronounced dead at at Vanderbilt University Medical Center, Nashville police said Sunday in a statement. Two others died Saturday …
Read More Pennsylvania’s Auto Insurance ‘Regular Use’ Exclusion Faces State High Court Scrutiny
The Pennsylvania Supreme Court has agreed to consider a case that could limit application of the “regular use exclusion” in auto insurance policies. The state’s high court has agreed to review a Superior Court ruling that the regular use exclusion …
Read More People Moves: Acrisure Re Hires Carpenter’s Furlong; HDI Global Specialty Promotes Button for Distribution & Biz Devel.; Tokio Marine Names Former QBE Exec for Board
This edition of International People Moves details appointments at broker Acrisure Re and two insurers: HDI Global Specialty and Tokio Marine Europe. A summary of these new hires follows here. Acrisure Re Hires Carpenter’s Furlong Acrisure Re, the re/insurance division …
Read More UK Insurers, Banks Risk Fines Under New Reforms Unless They Put Customers First
Financial firms may be fined and stripped of their regulatory authorization unless they put their customers’ needs first under far-reaching reforms from the UK City regulator. Banks, insurers and other companies will have to ensure their services are actually good …
Read More Woman Pleads Guilty in Louisiana Staged Auto Collision Scheme
United States Attorney Duane A. Evans announced that Stacie Wheaton, age 51, of Fairburn, Georgia, pled guilty on July 21, 2022 to count one (1) of her indictment, charging Conspiracy to Commit Mail Fraud in violation of Title 18, United …
Read More Powerful 7.1 Magnitude Quake Hits Philippines, Killing at Least 4
A powerful 7.1 magnitude earthquake struck the northern Philippine island of Luzon on Wednesday killing four people, damaging buildings and sending strong tremors through the capital, Manila. Two people were killed in Benguet province, one in Abra province, and one …
Read More Natural Disasters Cost Insurers $39B During H1 2022, 18% More Than Average: Aon
Insured losses from global natural disaster events were estimated at $39 billion during the first half of 2022, 18% higher than the 21st century average of $33 billion, driven by persistent severe convective storm (SCS) events, according to Aon in …
Read More Michigan Jury Gets Flint Water Case About Liability for Engineers
Jurors heard closing arguments last week in the only trial to arise thus far from the Flint water crisis, a dispute over whether two engineering firms should be held partially responsible for the city’s lead contamination in 2014-15. Attorneys representing …
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