INSURANCE NEWS
UK Support to Rejoin EU Passes 50% for 1st Time Since Brexit
More than half of Britons would vote to rejoin the European Union for the first time since the nation opted to leave the bloc seven years ago, YouGov polling showed. Some 51% of Britons told the polling company that they …
Black Sea Threats Escalate as Ukraine Warns on Russian Ships
Ukraine said any ships heading to Russian ports may be military targets, a tit-for-tat response to a threat from Moscow that escalates the war’s risk to global food markets. Since Moscow halted the Black Sea agreement that allowed Ukraine to …
FTX Sues Bankman-Fried, Others to Recoup More Than $1 Billion
FTX Trading on Thursday sued founder Sam Bankman-Fried and other former executives of the cryptocurrency exchange, seeking to recoup more than $1 billion they allegedly misappropriated before FTX went bankrupt. The complaint filed in Delaware bankruptcy court also names as …
Ukraine Grain Now Relies on a River That’s Drying in the Drought
The threat of Russian aggression towards Ukraine’s Black Sea ports and ships will force the country to export its enormous quantities of grain by river, road and rail — all of which are fraught with challenges. After exiting the Black …
Federal Court Orders Former Insurety Capital CEO to Pay $9M for Self Dealing
A federal court in Florida has ordered the former CEO of an insurance industry finance company to pay almost $9 million, plus interest and attorney fees, to his former firm after he engaged in self-dealing and failed to disclose his …
Direct Connection in California Acquires Education Provider FastrackCE
Direct Connection Advertising & Marketing in California acquired FastrackCE, a state-approved provider insurance continuing education courses. With the acquisition, Direct Connection will now service existing and future FastrackCE customers. FastrackCE is a service for fulfilling insurance CE requirements in 34 …
New York Technology Firm Sued for Not Hiring Deaf Engineer Who Is Deaf
A Rochester, New York technology firm has been charged with allegedly violating federal law by ending its interview with and failing to hire a qualified applicant for an engineering role because he is deaf. According to a lawsuit by the …
Audit: California State University Campuses Mishandled Sexual Harassment Allegations
A flawed policy at California State University, the largest higher education system in the country, contributed to the closure of nearly a dozen sexual harassment cases without thorough explanation, according to a state audit reviewing 40 cases over the span …
Federal Government to Allow Lease of Gulf of Mexico Areas for Wind Farms
GALVESTON — The federal government on Thursday announced the first-ever chance for companies to lease areas in the Gulf of Mexico to build wind farms, including two parcels roughly 30 miles off the Texas coast near Galveston. Renewable energy developers …
Texas Oil Company Fined $1.3M for Excess Emissions
The Environmental Protection Agency levied a $1.3 million fine on a Texas oil and gas company for excess emissions from tanks, flares and other equipment the EPA using a helicopter equipped with a special infrared camera that identifies hydrocarbon leaks. …
TD Garden Not Liable for Bruins Fan’s Slip-and-Fall
TD Garden’s owner Delaware North and its janitorial service are not liable for the injuries an attendee at a Boston Bruins hockey game suffered when he slipped and fell on the Boston arena’s concourse floor. Alexander Raheb had argued that …
People Moves: DOXA Adds New Team to Launch Property MGA
DOXA Insurance Holdings Adds New Team to Launch Property MGA DOXA Insurance Holdings, headquartered in Fort Wayne, Ind., welcomed two new team members, Liz Coakley and Caitlin Murphy. Coakley and Murphy, senior-level underwriters with over 15 years of experience in …