Insurance
EU Chief’s Plane Affected by Alleged Russian GPS Jamming
A plane carrying European Commission President Ursula von der Leyen was disrupted by what authorities suspect was Russian signals interference in Bulgaria. Authorities in Bulgaria have determined that the GPS jamming incident, which affected the plane’s navigation system as it …
Read More AvonRisk Acquires Texas’ AS&G Claims Administration and Care Logic
AvonRisk, a national provider of risk management, claims administration, and managed care services, announced today that it has acquired AS&G Claims Administration, Inc., and Care Logic, Inc., a Houston, Texas-based third-party administrator specializing in workers’ compensation, auto liability, general liability, …
Read More Nestle Plunged Into Turmoil as CEO Fired Over Undisclosed Relationship
Nestle has fired its CEO Laurent Freixe after just one year in the job after an investigation into an undisclosed “romantic relationship,” ousting its second CEO in a year and throwing the Swiss food giant into its deepest leadership chaos …
Read More People Moves: Caffrey to Become CEO of White Mountains in 2026
White Mountains Insurance Group said today that its Board of Directors unanimously promoted Liam Caffrey as chief executive officer, effective January 1, 2026. Caffrey will succeed CEO Manning Rountree, who will retire at the end of the year. Caffrey currently …
Read More Markets/Coverages: Willis Launches Specialty Bloodstock Insurance Solution in UK
Willis, a business of WTW, has launched the first specialty bloodstock insurance solution with Equine MediRecord to make the purchasing of bloodstock insurance more accessible and efficient for horse owners and trainers in the UK. Willis have signed a deal …
Read More Tesla Asks Court to Throw Out $243M Award; Says Comments About Musk Misled Jury
The car company run by Elon Musk asked a federal court Friday to dismiss massive damages awarded to victims of a deadly crash, arguing that their lawyers had misled the jury by improperly bringing up the billionaire during the trial. …
Read More Delaware Governor Vetoes Bill to Loosen Marijuana Zoning Regulations
Gov. Matt Meyer vetoed a bill last Thursday that would have loosened regulations around where marijuana businesses can locate in Delaware, likely further delaying the growth of the weeks-old industry. But the governor also offered a competing proposal on such …
Read More Cyberattack on Evertec’s Sinqia Hits HSBC, Others in Brazil
Hackers on Friday broke into Sinqia, a financial technology provider owned by Evertec, attempting to steal around 420 million reais ($77.4 million) from several Brazilian financial institutions including HSBC Holdings Plc’s local operations, O Globo reported. Cyber criminals invaded Sinqia’s …
Read More DHS Secretary Noem Fires Two Dozen at FEMA Citing Cyber Lapses
Homeland Security Secretary Kristi Noem announced that she fired two dozen employees from the Federal Emergency Management Agency after a review determined significant flaws had allowed a hacker to access to FEMA’s network. The employees “brazenly neglected basic security protocols,” …
Read More New Jersey Seeks Limits on Nonessential Helicopter Flights Citing Fatal NY Crash
New Jersey’s governor is asking federal officials to impose restrictions on nonessential helicopter flights in his state after a New York City sightseeing helicopter broke apart in midair in April, killing six people. Gov. Phil Murphy, in an Aug. 18 …
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