INSURANCE NEWS
ION Trading UK Indicates Cyber Attack Could Take 2-3 Days to Resolve
ION Trading UK, the software firm hit by a cyberattack, has indicated it could take two to three days to resolve the situation, people familiar with the matter said. The London-based firm gave that time frame to some of the …
Britain’s Finance Ministry Issues Draft Rules to Regulate Cryptoassets
Britain’s finance ministry laid out its first set of rules to regulate cryptoassets on Wednesday, saying ongoing turbulence in the sector and the collapse of exchange FTX highlighted risks that need addressing. Cryptoassets, such as bitcoin BTC=BTSP, have little direct …
Shell Accused of Greenwashing by Climate Group in SEC Claim
A climate activist group is urging the US Securities and Exchange Commission to investigate whether Shell Plc’s claims about its investments in renewable energy are misleading to investors. Global Witness said that it filed a complaint with the SEC’s Climate …
GoodRx Pays $1.5 Million to Settle Health Privacy Allegations
U.S. healthcare firm GoodRx Holdings has agreed to pay $1.5 million to settle allegations that it failed to notify customers that it shared personal health information with Alphabet’s Google, Meta’s Facebook and others, the Federal Trade Commission said on Wednesday. …
Wheelchair-Bound Woman Injured While Boarding Flight Has Died a Year Later
One year after a Florida woman was paralyzed while trying to board a Southwest Airlines flight in Fort Lauderdale, she has died. Her family’s lawsuit against the airline and a staffing company continues. The South Florida Sun Sentinel newspaper and …
Freddie Mac Accepts KBRA Insurer Ratings, Giving Fla. Agents, Mortgagees More Options
Freddie Mac, one of two mortgage-buying companies that buttress the U.S. home-lending market, has agreed to accept the Kroll Bond Rating Agency as a rating firm for homeowners’ insurance companies. “We have expanded our list of eligible rating providers to …
People Moves: LP Adds Richesin in California; Buckner Appoints New Executives
LP Insurance Services LLC in Reno, Nevada added Doug Richesin and DLR Insurance Solutions. Richesin provides services and guidance to employee benefits clientele. Richesin joins LP Insurance as a member/owner and will continue serving clients throughout the Fresno, California and …
New Jersey Approves MGA Honeycomb to Sell Commercial Real Estate Policies
The New Jersey Department of Insurance has given Honeycomb Insurance approval to sell policies statewide. The technology-based managing general agent (MGA) serves the commercial real estate market and will offer insurance for apartment buildings, condominium associations and single family rental …
New Mexico Prosecutors Formally File Charges in Baldwin Movie Set Shooting
Actor Alec Baldwin and a weapons specialist have been formally charged with involuntary manslaughter in the fatal shooting of a cinematographer on a New Mexico movie set, according to court documents filed by prosecutors Tuesday. Santa Fe District Attorney Mary …
Texas Winter Storm Brings Slick Roadways, Power Outages
More than a quarter-million businesses and households in Central and East Texas did not have power Wednesday morning as a winter storm persisted, immobilizing portions of the state with slick roadways and freezing temperatures. Approximately 258,411 customers, out of about …
Experts Urge Better Access to Opioid Rescue Drugs to Save Lives in Georgia
Jessie Blanchard started small nearly five years ago, just trying to get enough of the rescue drug naloxone that reverses opioid overdoses to keep her daughter from dying from an overdose. She pleaded with colleagues at the college where she’s …
Marsh McLennan Names Tomlinson CEO for U.S. and Canada
Marsh McLennan said it has named Pat Tomlinson CEO of U.S. and Canada. He, along with Flavio Piccolomini, who was appointed International CEO, will report to Mercer President and CEO Martine Ferland and Marsh President and CEO Martin South as …