INSURANCE NEWS
World’s Most Popular Password Manager Says It Was Hacked
LastPass, a password manager used by more than 33 million people around the world, said a hacker recently stole source code and proprietary information after breaking into its systems. The company doesn’t believe any passwords were taken as part of …
Moderna Sues Pfizer/BioNTech for Patent Infringement Over COVID Vaccine
Moderna is suing Pfizer and its German partner BioNTech for patent infringement in the development of the first COVID-19 vaccine approved in the United States, alleging they copied technology that Moderna developed years before the pandemic. Pfizer shares fell 1.4% …
Girl Awarded $26M over California School Sex Assault
A jury awarded $26 million to a Pasadena special-needs student who was sexually assaulted by three classmates, her lawyers said Wednesday. A Los Angeles County jury in Long Beach ruled this week in a negligence lawsuit against the Pasadena Unified …
California to Phase out Gas Vehicles to Fight Climate Change
California set itself on a path Thursday to end the era of gas-powered cars, with air regulators adopting the world’s most stringent rules for transitioning to zero-emission vehicles. The move by the California Air Resources Board to have all new …
Mississippi Cleaning Up After Heavy Rains, Flash Flooding
Heavy rain and flash flooding have prompted evacuations, rescue operations and closures across Mississippi. Rain has pummeled the central and southern parts of the state for the last three days. In statements posted to Twitter, the National Weather Service said …
Two Law Officers Killed in Helicopter Crash in Tennessee
Federal and state officials are investigating after two Tennessee law enforcement officers died when their helicopter hit power lines and crashed in a wooded area near Chattanooga. Tennessee Highway Patrol Sgt. Lee Russell of the Aviation Division and Marion County …
Forget Showering, It’s Eat or Heat for Shocked Europeans Hit By Energy Crisis
No more ironing, limited oven use and showering at work – Europeans are trying to keep their energy use down but the bills keep climbing. As wholesale gas and electricity prices surge, millions of people in Europe are now spending …
U.S.-Listed Companies Will Have to Disclose How CEO Pay Stacks Against Firm Performance
Wall Street’s main regulator on Thursday voted to adopt a measure requiring that U.S.-listed companies disclose how the pay of their top executives squares with overall company performance. The U.S. Securities and Exchange Commission said the rule will require that …
People Moves: Liberty Specialty Taps Zurich’s Dutta for Financial Risks; Canopius Hires WTW’s Saville for Cat Research; HDI UK & Ireland Promotes Lavey in Liability Team
This edition of International People Moves details appointments at Liberty Specialty Markets, Canopius Group, and HDI Global SE – UK & Ireland. A summary of these new hires follows here. Liberty Specialty Markets Taps Zurich’s Dutta for Financial Risk Solutions …
Swiss Health Insurer Under Fire for Offering Discount to Members of Pro-Life Group
Swiss-based health insurance company Helsana AG came under fire this week for offering a 10% discount to members of the Pro Life Switzerland organization. Members of the Social Democratic Party of Switzerland wrote a letter to Helsana’s management urging the …
Why Are the World’s Rivers, Canals and Reservoirs Turning to Dust?
Rivers across the globe are disappearing. From the U.S. to Italy to China, waters have receded, leaving nothing but barren banks of silt and oozing, muddied sand. Canals are empty. Reservoirs have turned to dust. The world is fully in …
Swiss Re Underwriter Wins Sex Discrimination Suit After Boss Joked About Her Breasts
A former Swiss Re AG underwriter won her sex discrimination suit after she was left humiliated by a senior manager who told her “If I had breasts like yours I would be demanding too.” Julia Sommer was unfairly dismissed after …