INSURANCE NEWS
Ardonagh Acquires Dutch Insurance Broker Klap from Nedvest
The Ardonagh Group announced it has agreed to acquire Klap Verzekeringsmakelaar, a specialist commercial lines insurance broker based in The Netherlands, from family office, Nedvest. Financial details of the deal were not disclosed. Under the leadership of Klap CEO Jorg …
Regulators Order CO2 Pipeline Company to Comply with Rules After 2020 Release
Transportation regulators entered into a federal order with a carbon dioxide pipeline company three years after its pipeline ruptured in a lower Mississippi Delta town, prompting the evacuation of hundreds and sending dozens of people to the hospital. More than …
Fire Damages 114-Year Old Cambridge Church After Easter Services
A fire broke out at a Massachusetts church not long after Easter services, with more than 100 firefighters working to save the 114-year-old structure. The fire started at about 5:30 p.m. Sunday at the Faith Lutheran Church in Cambridge. Firefighters …
Court Affirms $2.5M Penalty for West Virginia Governor’s Coal Mines
A federal appeals panel has affirmed $2.5 million in penalties against Appalachian coal mines owned by West Virginia Gov. Jim Justice over claims they violated a settlement meant to prevent pollution. A three-judge panel of the 4th U.S. Circuit Court …
AI ‘Trustworthiness’ Is Focal Point of New Government Inquiry
A US Commerce Department agency is opening an inquiry into how companies and regulators can ensure that artificial intelligence systems are trustworthy, legal and ethical. The probe by the National Telecommunications and Information Administration will focus on the best methods …
Massachusetts Grapples With Letting Judges Order Mental Health Care
When Ashoke and Vinita Rampuria’s son returned home after taking a year off from college, to complete his course work, he didn’t seem like himself. “He was unable to complete tasks. He was lying on the sofa,” said Ashoke Rampuria, …
Maryland Lawmakers Approve Bill to Remove Time Limit on Child Sex Abuse Suits
Maryland lawmakers have passed a bill to end the state’s statute limiting when civil lawsuits over child sex abuse can be filed against public and private entities. Under the Child Victims Act of 2023, actions for damages arising out of …
Western Australia Could Be Hit by Biggest Cyclone in Almost a Decade
Western Australia could be hit by the largest cyclone in almost a decade this week, with the weather system predicted to cross the coast near a major export port for iron ore that’s to be cleared of vessels. Tropical Cyclone …
Driving School Owner Pleads Guilty to License Bribery Scheme
The owner of a Massachusetts driving school has pleaded guilty to bribing a road test examiner to issue driver’s licenses to individuals who did not pass, or even take road tests at the Registry of Motor Vehicles (RMV) in Brockton. …
UK’s Confederation of British Industry Fires Director General After Probe of Complaints
The Confederation of British Industry said on Tuesday it had fired Tony Danker as director general after an investigation into complaints of workplace misconduct and replaced him with former chief economist Rain Newton-Smith. “The allegations that have been made over …
Fox News Settles With Venezuelan Businessman in Election Defamation Lawsuit
Fox News said on Sunday it has reached a settlement with a Venezuelan businessman Majed Khalil, ending a defamation case in which Khalil said he was falsely accused on air of helping to rig the 2020 U.S. presidential election against …
UK’s FCA Hires More Than 150 Staff for Data Unit to Ramp Up Tech Capabilities
The UK’s Financial Conduct Authority hired more than 150 people into its Data, Technology and Innovation division in the past year as the regulator looks to ramp up its tech capabilities. The hires are part of FCA’s attempts to use …