Insurance
Ex-Thief Says He Warned Louvre of Security Weaknesses Around Crown Jewels
Days after thieves took just minutes to steal eight pieces of the French crown jewels from the Louvre, a former bank robber says he warned a museum official of glaring weaknesses — including jewel cases by streetside windows that were …
Read More The Hanover Reports 75% Growth in Q3 Net Income
Third quarter net income for The Hanover Insurance Group grew to $178.7 million compared to $102.1 million during the same period a year ago. The Worcester, Massachusetts-based insurer’s Q3 combined ratio improved to 91.1 from 95.5 a year ago during …
Read More People Moves: NFP Appoints Keefe Head of Northeast Broking
NFP, an Aon company headquartered in New York City, appointed Andrew Keefe as senior vice president, Northeast broking leader. Based in Albany, New York, Keefe has nearly two decades of experience in the commercial insurance industry. He has been with …
Read More Congress Shielded Gun Firms From Lawsuits. Some Blue States Eye Loophole.
Two decades after a Republican-controlled Congress gave gun manufacturers immunity from being sued over crimes committed with their firearms, blue state Democrats upset about gun violence think they’ve found a way to penetrate that legal shield. Since 2021, 10 states …
Read More FBI Searched California Real Estate Firm Linked to Bad Bank Loans, Lawsuit
The FBI last month searched the offices of a California real estate investment firm Continuum Analytics, which is linked to bad loans recently disclosed by Zions and Western Alliance, according to legal correspondence seen by Reuters. Continuum Analytics is an …
Read More Federal Judge in Mississippi Admits Staff Used AI to Draft Inaccurate Order
A federal judge in Mississippi has admitted that his staff used artificial intelligence to draft a flawed court order, after months of speculation and an inquiry from a U.S. senator. U.S. District Judge Henry T. Wingate sent a letter on …
Read More Re/Insurer Convex Announces New Ownership Structure With AIG as Minority Investor
Convex Group Ltd., the Bermuda-based specialty insurer and reinsurer, announced a new, long-term ownership structure led by private equity firm Onex Corp., with American International Group becoming a strategic minority equity investor. Onex will acquire a 63% equity stake in …
Read More Monkeys Escape From Overturned Truck on Mississippi Highway
Monkeys being transported on a Mississippi highway escaped captivity Tuesday after the truck carrying them overturned, according to law enforcement. All but one of the escaped monkeys were killed, the Jasper County Sheriff’s Department said in a post on Facebook, …
Read More GEICO, Daimler Launch Connected Insurance Program for Truck Fleets
Daimler Truck Financial Services USA LLC (DTFS), the captive finance partner of Daimler Truck North America LLC, and GEICO announced the launch of Connected Insurance, a new data-driven insurance program designed to help Freightliner and Western Star owner-operators and small …
Read More Microsoft Azure’s Services Restored After Global Outage
Microsoft said late on Wednesday it had resolved an outage of its Azure cloud platform that had impacted the tech giant’s suite of productivity software, and a range of industries worldwide. “While error rates and latency are back to pre-incident …
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