Insurance
Stellantis Detects Breach at Third-Party Provider for North American Customers
Stellantis detected unauthorized access to a third-party service provider’s platform that supports its North American customer service operations, the company said in a statement on Sunday. The automaker said the incident, which is under investigation, exposed only basic contact information …
Read More Jury Awards $83 Million in Asbestos Case Involving Ceramics Products
A Massachusetts jury has awarded $83 million to the estate of a woman who died from mesothelioma caused by asbestos in ceramics products. The jury returned the verdict against the maker of the ceramics products, American Art Clay Co. The …
Read More Ardonagh Europe Agrees to Acquire French Broker, Groupe Leader Insurance
Ardonagh Europe, part of The Ardonagh Group and headquartered in Dublin, Ireland, has agreed to acquire Groupe Leader Insurance (GLI), one of the top 10 wholesale and multi-specialist brokers in France. Founded in 2003 by entrepreneur Yoann Chery, GLI has …
Read More People Moves: Lockton Re Taps Le Flufy From Gallagher Re as Global Head of Cyber; Marsh McLennan Promotes McGowan as Chief Commercial Officer, International
This edition of International People Moves details appointments at Lockton Re and Marsh McLennan. A summary of these new hires follows here. Lockton Re Taps Le Flufy From Gallagher Re as Global Head of Cyber Lockton Re, the reinsurance business …
Read More Wildfire Smoke Set to Cause Mounting Deaths and Economic Losses
Increased wildfire smoke could lead to 1.4 million premature deaths globally each year by the end of this century, according to a new study. Scientists at China’s Tsinghua University found that early deaths linked to particulate matter in wildfire smoke …
Read More Generali’s $2.2 Trillion Natixis Tie-Up Faces Growing Doubts
Eight months after Assicurazioni Generali SpA and BPCE SA announced their intention to create Europe’s second-biggest asset manager, their plan is looking increasingly fragile. Neither firm has yet submitted the contract for signing to their respective boards even though that …
Read More China’s EV Boom Saddles Its Auto Insurers With Chronic Losses
China’s giant electric vehicle insurance market is flailing. Losses are piling up, as companies’ risk models haven’t kept up with changes in vehicle economics and driver behaviors. The country now has tens of millions of electric cars on its roads, …
Read More Super Typhoon Lashes Philippines on Track Toward Hong Kong
Hong Kong is bracing for widespread damage and disruption from the approaching Super Typhoon Ragasa, which is currently churning off the northeast coast of the Philippines with tree-snapping winds. The powerful storm is packing maximum sustained winds of 230 kilometers …
Read More Europe Air Travel Snarls Continue After Cyberattack
Airports in Berlin, London and Brussels faced continued delays on Sunday after a cyberattack on a key airline check-in system forced staff to process passengers manually. The outage stems from a cyber incident at Collins Aerospace that knocked out its …
Read More FTC Says Live Nation, Ticketmaster Joined With Ticket Brokers to Exploit Fans
The U.S. Federal Trade Commission and seven states accused Live Nation and its ticketing arm Ticketmaster of costing fans millions of dollars by tacitly allowing ticket brokers to scoop concert tickets and sell them to at a significant markup, the …
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