INSURANCE NEWS
North Sea Nations to Develop Critical Infrastructure Security Pact
Security advisers from the North Sea nations agreed to work out a pact to jointly protect critical sub-sea gas pipelines and power cables, telecoms connections and wind farms. Several nations attending the North Sea Summit in Belgium on Monday will …
Russia’s Lavrov Blames West for Deadlock Over Future of Black Sea Grain Deal
Moscow has seen “practically no results” from a pact with the United Nations that aimed to help Russia’s grain and fertilizer exports and blamed Western countries for creating a deadlock, Foreign Minister Sergei Lavrov said on Tuesday. Russia has signaled …
Private Health Care Booms in Britain as State-Run Health Service Buckles
British patients are turning to private health care as the National Health Service struggles with mass strikes, long waiting lists and budget constraints. Insurance company Vitality Health Ltd. said its policies cover nearly a million people in the UK, compared …
Japan’s Sompo to Focus on Integration After Spree of Overseas Acquisitions
Sompo Holdings Inc. will place more focus on integrating domestic and overseas operations for further growth after a spell of acquisitions abroad boosted the global presence of Japan’s No. 3 non-life insurer group, a senior executive said. “We rapidly shifted …
Crypto Must End Anonymity for Illicit Finance, U.S. Regulator Says
Anonymity is allowing crypto assets to finance illegal activities, a top U.S. regulatory official said on Tuesday, posing national security risks that must be addressed. Christy Goldsmith Romero, a commissioner at the U.S. Commodity Futures Trading Commission, said cryptocurrencies were …
U.S. Deploys More Cyber Forces Abroad to Help Fight Hackers
The United States is sending more of its cyber forces abroad to help foreign governments fight hackers, a top U.S. military official said at the RSA cybersecurity conference in San Francisco. In the last three years, the U.S. military’s Cyber …
W.R. Berkley Names Weber to SE Group, CAC Lands Account Exec from WTW
W.R. Berkley Corp., the holding company for one of the largest commercial lines writers in the country, said it has made Jay Weber president of its Berkley Southeast Insurance Group. Weber succeeds Dennis Barger, who was named chairman. Weber has …
Mallory Agency Names George VP of Operations
The Mallory Agency, a property/casualty insurance broker based in La Grange, Georgia, and Atlanta, has named Cassandra George as vice president of operations. George has more than 10 years experience at First Light Program Managers, including her recent role as …
Senior Perks: Older Producers Can Drop Continuing Ed, Mississippi Law Says
Mississippi insurance producers age 65 and older who have at least 25 years in the business no longer need to keep up with continuing education requirements, according to a law that took effect this month. House Bill 1084, approved by …
Court Throws out Berkeley, California’s Ban on Natural Gas
A federal appeals court overturned Berkeley, California’s first-in-the-nation ban on natural gas in new construction, agreeing with restaurant owners who argued the city bypassed federal energy regulations when it approved the ordinance. The measure, which took effect in 2020 to …
$50M Claim Filed Over Fatal Eviction Shooting in Arizona
The family of an Arizona property manager who was fatally shot during an attempted eviction in Tucson last year has filed a $50 million claim against Pima County and others. An attorney representing Angela Fox’s family alleges in the claim …
Animatronic Dragon Bursts into Flames During Show at Disneyland in California
Spectators at Disneyland’s popular “Fantasmic” show got a shock this weekend when the feature’s fire-breathing animatronic dragon suddenly burst into flames. No injuries were reported following the blaze Saturday night at the Southern California theme park, the Anaheim Fire Department …