INSURANCE NEWS
US Supreme Court Allows Order Forcing Google to Make App Store Reform
The U.S. Supreme Court declined on Monday to halt key parts of a judge’s order requiring Alphabet’s Google to make major changes to its app store Play, as the company prepares to appeal a decision in a lawsuit brought by …
Captain of Oil Tanker Linked to Russia’s Shadow Fleet Will Face Trial in France
The captain of an oil tanker that authorities in France have detained off the country’s Atlantic coast and which President Emmanuel Macron has linked to Russia will go on trial in February over the crew’s alleged refusal to cooperate, a …
EU Restricts Use of ‘Forever Chemicals’ in Firefighting Foams
The European Commission said on Friday it was restricting the use of substances known as PFAS, or “forever chemicals,” in firefighting foams, marking a step towards the EU’s objective to minimize the use of PFAS in consumer goods. PFAS, or …
Jaguar Land Rover Bailout Shows Rising Cost of Cybercrime
Navarro Jordan ordered his Land Rover Defender in August. On Aug. 15, Jordan, who lives in Los Angeles, got a notification that it had been assembled, and soon after, that it was ready and waiting to be shipped. Then the …
People Moves: Keebler, Justice Join CFC’s New US-Based Cyber Development Team
CFC, with U.S. headquarters in New York City, created a new U.S.-based cyber development team and appointed leadership. John Keebler joins the business as its new national cyber development leader, USA, based in Chicago, Illinois. Working closely with CFC’s U.S. …
US Tariffs on Heavy Truck Imports to Begin Nov. 1, Says Trump
President Donald Trump said 25% duties on medium- and heavy-duty trucks would begin Nov. 1, the latest expansion of his tariff regime aimed at protecting domestic industries. The proposal has been subject to an intense lobbying campaign by Detroit’s legacy …
Viewpoint: How Transactional Risk Insurance Became Essential for M&A Certainty
Mergers and acquisitions (M&A) are rarely simple. Even in buoyant deal environments, uncertainties around valuation, regulatory approval, or contingent liabilities can derail negotiations at the eleventh hour. Over the past decade, transactional risk insurance has moved from being a niche …
Canada’s Gifford Carr Wings Into Florida With Acquisition of Omni One Agency
It’s often insureds who come to Florida from Canada before winter sets in. But this week, it’s an Ottawa-based insurance brokerage that has moved into the Sunshine State with the acquisition of a Cape Coral firm. Gifford Carr Insurance Group …
Honeywell Offloads Inherited Asbestos Liabilities
Honeywell said on Wednesday that it has divested all of its Bendix asbestos liabilities, as well as certain non-Bendix asbestos liabilities, to corporate liability acquisition platform Delticus. The company is streamlining operations, with a plan to split into three independently …
People Moves: CAP Names Cavanaugh Senior Vice President of Business Development
The Cooperative of American Physicians, Inc. promoted Daniel Cavanaugh to senior vice president of business development. Cavanaugh was named vice president of CAP membership development in 2018. As senior vice president, he leads a new business unit that brings together …
California AG Pledges More Lawsuits Against Trump’s Green Rollbacks
California Attorney General Rob Bonta said his state would continue to sue the Trump administration’s aggressive deregulatory actions on environmental rules, and was also looking at more lawsuits connected to deception around plastic recycling. Speaking on the “Climate Frontlines” show …
People Moves: Highstreet Names Stokes Chief Broking Officer
Highstreet Insurance Partners, headquartered in Traverse City, Michigan, named Kristen Stokes as its chief broking officer. Stokes is based out of Highstreet’s New York City office. Stokes will serve on Highstreet’s executive leadership team with a focus on deepening the …