INSURANCE NEWS
Is Britain Starting to Have Second Thoughts About Brexit?
Even after years of division and vitriol, it seems like Britain still needs to talk about Brexit. More than six years after voting to leave the European Union, the UK is facing a prolonged recession, a deep cost-of-living crisis and …
Ardonagh Group to Buy Australian Insurance Investment, Distribution Firm Envest
The Ardonagh Group, the London-based independent insurance distribution platform, announced it has agreed to acquire Envest Pty Ltd., an Australian insurance investment and distribution business. Headquartered in Brisbane, Queensland, Envest operates with a diverse portfolio of brands and a national …
FTX Collapse Ensnares Creditors Big and Small Across the Globe
From a German bank seeking a more than $2 million payment to a Chinese investor requesting $21,000 of lost savings. Claimants around the world who were caught up in the epic collapse of FTX Group are beginning to appear in …
Insurance Journal Releases New Single from First Insurance-Themed Holiday Album
Insurance Journal, a Wells Media Company, is pleased to announce the release of its entertaining first single, “O Property O Casualty“, from the first ever album of Insurance-themed holiday carols – “Have A Claims Free New Year” – due to …
Cyber Protection as Important as Missile Defense Systems: Retired NATO General
A cyber attack on the German ports of Bremerhaven or Hamburg would severely impede NATO efforts to send military reinforcements to allies, retired U.S. General Ben Hodges told Reuters. The European Commission proposed an action plan to bolster cyber defense …
Australia’s Extreme Weather Events to Worsen as Climate Warms: Report
Australia will experience an increase in extreme heat, intense rainfall and coral-bleaching events, as well as longer fire seasons and more rapidly rising sea levels, according to the government’s chief science and weather agencies. In a dire report released Wednesday …
Indonesia Earthquake Kills 268 Amid Collapsed Homes, Landslides
A quake in Indonesia killed at least 268 people as the search continues for victims amid landslides and collapsed buildings. The 5.6-magnitude earthquake that struck West Java on Monday damaged more than 20,000 homes, leaving thousands injured and hundreds still …
Teva, AbbVie Finalize $6.6B Opioid Settlements
Teva Pharmaceutical Industries Ltd. and AbbVie Inc. have finalized the terms of settlements worth more than $6.6 billion to resolve thousands of lawsuits by U.S. state and local governments over the marketing of opioid painkillers, the companies and lawyers for …
Electric Air Taxi Company Archer Plans $118M Georgia Factory
A California company seeking to build small electric aircraft says it will invest $118 million to construct a plant near Atlanta, eventually hiring up to 1,000 people. Archer Aviation, based in Santa Clara, California, said Monday that it would seek …
Grants for Home Hardening Now Available Under Florida Wind-Mit Program
Florida officials this week announced the hard launch of My Safe Florida Home, a program that provides up to $10,000 grants for wind-mitigation efforts for homeowners in vulnerable areas. Once completed, the fortification work can result in significant discounts on …
Supreme Court Nixes Virginia School Board Appeal of Sex-Assault Case
FALLS CHURCH, Va. (AP) — The U.S. Supreme Court won’t hear an appeal from a Virginia school board that says it shouldn’t be held liable for the alleged sexual assault of a student by a classmate on a band trip. …
Takeaways from Our Conversation with New York State Insurance Fund Director
New York State Insurance Fund stepped right into the cannabis space as the state began passing out licenses in August to fill what would have likely been a large gap. New York’s adult-use cannabis market is forecast to reach more …