INSURANCE NEWS
Cisco Hit by Cyberattack From Hacker Linked to Lapsus$ Gang
Cisco Systems Inc. said it was the victim of a cyberattack in which a hacker repeatedly attempted to gain access to the Silicon Valley firm’s corporate network. Cisco said it became aware of a potential compromise on May 24, and …
Alabama Deputy Shoots Man Who Pointed Modified Flare Gun After Traffic Stop
An Alabama deputy shot and killed a man who pointed a modified flare gun at him after fleeing a traffic stop, law enforcement officials said. The Lawrence County Sheriff’s office said Marty Hutto, 50, was shot and killed Saturday after …
Department of Labor Reopens Comment Period on Arizona’s OSHA Plan
The U.S. Department of Labor’s Occupational Safety and Health Administration is reopening the comment period for an additional 60 days on the proposal to reconsider and revoke the final approval of Arizona’s State Plan for Occupational Safety and Health. The …
Kobe Bryant Crash Photos Lawsuit to be Heard by Los Angeles Jury
Kobe Bryant was one of the most photogenic sports figures in Los Angeles and images of him seen by millions around the world, smiling in victory, grimacing in agony, keep his memory alive. But some photos of him should never …
Gallagher Denied Restraining Order Against Alliant
District Court Judge Martha M. Pacold has denied Arthur J. Gallagher’s request for a temporary restraining order against rival Alliant Insurance Services as part of a lawsuit Gallagher filed against Alliant alleging employee and client stealing. According to a docket …
AM Best Revises Mid-Hudson Group Outlooks to Negative, Affirms Ratings
AM Best has revised the outlooks to negative from stable while affirming the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Claverack Cooperative Insurance Co., Midrox Insurance Co. and Mid-Hudson Co-Operative Insurance …
Providence Police Seek to Fire Officer After Video Shows Excess Force
A Rhode Island police department is seeking to fire an officer after video showed him smashing a handcuffed man’s face into the pavement during a fireworks celebration on Fourth of July weekend. The Providence Police Department said Friday that Capt. …
Jury Acquits Truck Driver in 2019 New Hampshire Crash That Killed 7 Motorcyclists
A jury on Tuesday acquitted a commercial truck driver of causing the deaths of seven motorcyclists in a horrific head-on collision in northern New Hampshire that exposed fatal flaws in the processing of license revocations across states. Volodymyr Zhukovskyy, 26, …
Zurich Insurance Reports 25% Increase in H1 Operating Profit, Beating Expectations
Zurich Insurance Group reported a better-than-expected 25% rise in operating profit in the first half on strong performance across the board and announced a bumper 1.8 billion Swiss francs ($1.91 billion) share buyback on Thursday, sending its shares higher. Europe’s …
Iowa Metal Manufacturer Settles $500,000 False Claims Act Lawsuit
A southwest Iowa company that makes metal castings used by military contractors in helicopters and other equipment has reached a settlement in a lawsuit alleging the company failed to test the castings and falsely certified test results over seven years. …
UK’s Aviva Gives Lower-Paid Staff £1,000 to Help Pay Soaring Energy Bills
UK insurer Aviva Plc is the latest financial firm to give some of its staff a one-time payment to help them with the cost-of-living crisis. Around 7,000 of Aviva’s lowest-paid employees were told last week they will get a payout …
BHSI Hires Kammermann for Exec & Professional Lines in Switzerland; Apollo Taps Beazley’s Foster as Head of Property; MGA Aqueous Hires Hall as Development U/W
This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance, Apollo Syndicate Management, and specialist MGA Aqueous Underwriting. A summary of these new hires follows here. BHSI Launches Exec & Professional Lines in Switzerland, Led by Kammermann …