INSURANCE NEWS
Microsoft Offers to Boost European Governments’ Cybersecurity for Free
Microsoft is offering free of charge to European governments a cybersecurity program, launched on Wednesday, to bolster their defenses against cyber threats, including those enhanced by artificial intelligence, it said. After a surge in cyberattacks in Europe, many linked to …
EU Sees Progress in US Talks Despite Trump’s Steel Tariff Hike
The European Union and the US are headed in the “right direction” in trade talks, though new American levies on steel and aluminum imports aren’t helpful if both sides want to maintain momentum, Maros Sefcovic said after meeting with US …
China Calls for France to Help Resolve Trade Differences With EU
China called on France to help resolve trade differences with the European Union, as Beijing seeks to shore up ties with the bloc amid simmering tensions with the US. “It is normal to have differences in bilateral economic and trade …
Ex-Police Officers Plead Guilty to Conspiring in Auto Insurance Fraud Scheme
Two former police officers have pleaded guilty to federal charges in connection with an auto-insurance fraud scheme, according to U.S. Attorney for Maryland Kelly O. Hayes. Michael Anthony Owen, Jr., a former Prince Georges County officer, pled guilty to falsification …
Trucordia Gains $1.3B Investment From Carlyle to Propel Growth
Trucordia today announced it will receive a $1.3 billion strategic investment from global investment firm Carlyle’s Global Credit platform. The investment values Trucordia at $5.6 billion, and it will reduce the company’s debt relative to equity while simplifying its governance …
Canadian Wildfires Cause Unhealthy Air Quality in Midwest
Smoke from Canadian wildfires carried another day of poor air quality south of the border to the Midwest, where conditions in parts of Minnesota, Wisconsin and Michigan were rated “very unhealthy” on Tuesday. The fires have forced more than 27,000 …
Texas Wants to Kill a Cannabis Boom It Accidentally Helped Stoke
Texas is on the cusp of banning all recreational THC products after lawmakers passed a bill to reverse the unintended effects of hemp laws that led to a boom in shops selling gummies, joints, vapes and drinks that create a …
Iowa Amusement Park Settles Lawsuit Over 11-Year-Old’s Drowning in 2021
An Iowa amusement park’s former operator has agreed to pay an undisclosed amount to settle a lawsuit filed by the family of an 11-year-old boy who drowned on a water ride in 2021. A company that previously owned Adventureland park …
People Moves: Mosaic’s DeLong Promoted to Global Market Engagement Officer, Bonkoski Joins as Cyber Head
Mosaic Insurance, headquartered in Hamilton, Bermuda, promoted Yosha DeLong to the new role of global engagement officer and hired cyber and technology liability executive Brian Bonkoski to lead the company’s cyber business. Based in Chicago, Illinois, DeLong has built Mosaic’s …
Tariffs Stoke Supply Chain Worries for US Businesses, Gallagher Survey Shows
A majority of U.S. business owners are worried about supply chain disruptions from President Donald Trump’s sweeping tariffs, a survey by insurance brokerage Gallagher showed on Tuesday. The findings come as Trump’s tariff policies raise fears of renewed trade friction, …
Will DeSantis Sign Bill Allowing Longer Noncompete Agreements in Florida?
While federal agencies and some states have moved to rein in the reach of noncompete agreements, a Florida bill awaiting the governor’s signature would go in the opposite direction, significantly lengthening the agreements and expanding employers’ ability to enforce them. …
Musk’s X Aims to Soothe EU Regulators With Blue Check Disclaimer
Elon Musk’s social network X is showing users a prominent disclaimer about the platform’s blue checkmark program in a bid to appease concerns from the European Union’s content regulators that it’s deceptive and should be overhauled. X started showing users …