INSURANCE NEWS
Tenn. Governor Signs Off on Additional Legal Shield for Gun and Ammo Dealers, Makers
Tennessee Gov. Bill Lee has signed off on additional protections for gun and ammunition dealers, manufacturers and sellers against lawsuits within a bill that lawmakers passed after a deadly school shooting in March. The Republican governor quietly signed the legislation …
Alleged Russian Hacker Charged in $200 Million Ransomware Spree
A Russian man was charged by US authorities in connection with his alleged role with multiple ransomware gangs that attacked hospitals, schools and police departments. Mikhail Pavlovich Matveev, who was known online as Wazawaka, was an active member of three …
Hackers Contacted Cybersecurity Firm CEO’s Son, Wife in Extortion Attempt
Hackers stole contracts from cybersecurity firm Dragos Inc. as part of an extortion attempt that included contacting the chief executive officer’s wife and 5-year-old son, according to a company blog post, documents provided by the suspected hackers and interviews. The …
Wrongful Death Lawsuit Filed on Behalf of Victims Buffalo Massacre
A wrongful death suit has been filed on behalf of survivors and others affected by the 2022 racially-motivated shooting at Tops Friendly Markets in Buffalo where 10 people were killed, all of them Black, and three people were injured. The …
People Moves: Hamilton Appoints Brown as Chair of Board of Directors; Canopius Taps Hartley From AXIS to Lead New Aviation Reinsurance Business
This edition of International People Moves details appointments at Hamilton and Canopius Group. A summary of these new hires follows here. Hamilton Appoints Brown as Chair of Board of Directors Hamilton Insurance Group Ltd. announced that David A. Brown, a …
Acrisure Acquires Portuguese Broker Universalis
Acrisure, the Grand Rapids, Mich.-based insurance broker and fintech specialist, announced it has signed an agreement to acquire one of Portugal’s leading insurance brokers, Universalis (trademark of Corpos – Corretora de Seguros, Lda). The transaction is under review by the …
Survey: Texas Employer Participation in Workers’ Comp System up to 75%
A survey from the Texas Department of Insurance, Division of Workers’ Compensation’s Research and Evaluation Group found that employer subscription in workers’ comp increased to 75% in 2022, up from 72% in 2018. Texas allows employers to decide whether or …
Last Ship Leaves Ukraine Port With Fate of Black Sea Grain Deal in Russia’s Hands
The last ship left a port in Ukraine on Wednesday under a deal allowing the safe Black Sea export of Ukraine grain a day before Russia could quit the pact over obstacles to its grain and fertilizer exports. The DSM …
Trans Worker Says Texas-Based Railroad Wouldn’t Promote Her
OMAHA, Neb. (AP) – A former BNSF worker who was named one of the railroad’s employees of the year in 2021 for her work in supporting LGBTQ+ workers is now suing the railroad where she worked for 30 years, saying …
Insurtech WeFox Raises $110 Million in Extension to 2022 Funding Round
Wefox Holding AG, an insurance-technology firm based in Berlin, raised $110 million to build a platform that will make its technology available to other insurers. JPMorgan Chase & Co. and Barclays Plc provided half the funds as a revolving credit …
Specialist Risk Group Acquires UK Specialist Broker TLO Risk Services
Specialist Risk Group (SRG), the London-based insurance broker, has acquired TLO Risk Services, the professional risk specialist broker, which will play an integral role in the development of SRG’s professional lines capability. Specializing primarily in the legal sector, London-headquartered TLO …
Viewpoint: Should Insurance Drive Increased Firearm Safety?
It seems almost weekly there is a story or two in the national headlines addressing gun violence in the U.S., and a recent Insurance Journal story indicated respondents of a survey thought insurance could have a role in firearm safety. …