INSURANCE NEWS
Many Ethnic Minorities in UK Financial Services Face Racism, Discrimination: Survey
The UK may be more ethnically and racially diverse than ever, but minorities working in the financial services industry continue to face discrimination, according to a new study. About 70% of ethnic minorities working in finance have experienced discrimination at …
Ardonagh Advisory Acquires UK Broker The Professional Indemnity Co.
Ardonagh Advisory Holdings Ltd, a subsidiary of The Ardonagh Group, announced it has acquired The Professional Broking Group Ltd., which trades as The Professional Indemnity Co. Financial details of the deal were not disclosed. Based in Chester, England, and established …
Here’s What You Need to Know About Russia Oil Sanctions, Effective Today
After months of planning and negotiations, the biggest tranche of sanctions on Russian oil to date take effect on Monday. How big their impact will be remains uncertain. The Group of Seven clinched a last-minute deal to cap the price …
Lapsus$ Hacking Group Will Be Focus of DHS Cyber Review Board
The Department of Homeland Security’s Cyber Safety Review Board said it will study the Lapsus$ hacking group, which has been accused of carrying out breaches at major US companies this year. The board, comprised of senior government cyber officials and …
Uvalde Shooting Victims Seek $27B, Class Action in Lawsuit
Victims of the Uvalde school shooting that left 21 people dead have filed a lawsuit against local and state police, the city and other school and law enforcement officials seeking $27 billion due to delays in confronting the attacker, court …
Pickleball Explosion in Florida Creating New Hits and Misses for Insurers, Agents
If the insurance industry hasn’t noticed, the sport known as pickleball is exploding across the country, especially in Florida, where more than 15 indoor clubs, replete with air conditioning, cafes, locker rooms, video training and other amenities are planned or …
Despite Some Progress, Feral Hogs Cause $2.5B in Damage Per Year, Mostly in South
Eight years into a U.S. program to control damage from feral pigs, the invasive animals with big appetites and snouts that uproot anything that smells good are still a multibillion-dollar plague on farmers, wildlife and the environment. These prolific hogs …
Gunmaker Sig Sauer Faces Suit from Officers, Others Claiming Gun Goes Off by Itself
Police and federal law enforcement officers are among 20 people from multiple states saying they were wounded by a popular type of Sig Sauer pistol, the latest lawsuit alleging that the gun is susceptible to going off without the trigger …
EU Agrees to $60 Price Cap for Russian Oil, Allowing Buyers to Access Insurance
The European Union agreed to put a price cap on Russian oil at $60 a barrel, paving the way for a wider Group of Seven deal, according to a Polish diplomat. The price is higher than where Russia already sells …
Officials: No Altitude Advice Before Dallas Air Show Crash
DALLAS (AP) _ Just before a midair collision that killed six at a Dallas air show, a group of historic fighter planes was told to fly ahead of a formation of bombers without any prior plan for coordinating altitude, according …
9,000 Hens Killed in Missouri After Latest Case of Avian Flu
JEFFERSON CITY, Mo. (AP) – Nearly 9,000 laying hens in Webster County were killed after federal officials confirmed an outbreak of bird flu in the flock, state agriculture officials said. It is the 11th case of the highly contagious avian …
Minneapolis Reaches $600K Settlement With 12 hurt in George Floyd Protests
MINNEAPOLIS (AP) – The city of Minneapolis has reached a $600,000 settlement with 12 protesters who were injured during demonstrations after the May 2020 police killing of George Floyd, the American Civil Liberties Union announced Wednesday. The agreement, which also …