INSURANCE NEWS
New York AG Seeks Recovery of $2.2 Million in Crypto Tied to Remote Job Scam
New York Attorney General Letitia James has filed a lawsuit to recover $2.2 million worth of cryptocurrency held in digital wallets and stolen from New Yorkers and victims across the country in a remote job scam. James said an investigation …
Pfizer Must Face Lawsuit Over Diversity Fellowship Program, Appeals Court Rules
A U.S. appeals court on Friday revived a lawsuit by a conservative group opposed to diversity initiatives in medicine that challenged a Pfizer fellowship program designed to boost the pipeline of Black, Latino and Native American people in leadership positions …
Broker Miller Launches Korean Unit to Aid Asia Expansion
Miller, the London-based specialist re/insurance broker, announced its further expansion into Asia with the launch of Miller Korea, led by David Kim as head of Korea. Miller Korea will focus on delivering global specialty expertise in the Korean market via …
Stricken Oil Tanker Towed to Safety Off German Island of Ruegen
An oil tanker sailing under the Panamanian flag that ran out of power in the Baltic Sea last week has been towed to safety off the German island of Ruegen, authorities said. The Eventin, carrying nearly 100,000 tons of oil, …
Yodel Lawsuit Exposes Strains in UK’s Troubled Parcel Industry
A van delivery entrepreneur whose startup was dubbed the Uber of the moving business was accused of asset-stripping and misappropriating funds after his takeover of a major UK parcel shipment firm fell apart. Shift, which was set up in 2017, …
Tougher US Sanctions to Curb Russian Oil Supply to China and India
Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow’s top customers, traders and analysts said. …
FEMA Maps Lead to Development in Flood-Risk Areas, NC State Study Shows
A study by researchers at North Carolina State University supports what some critics of federal flood maps have said for years: That lines drawn on a map give a false sense of security from flooding and have led to increased …
US Sues Airbnb After Host Rejected Rental to Mother With Children
Airbnb was sued by the U.S. government on Friday over a host’s refusal to rent an apartment to a mother with three school-age children. In a complaint filed in San Francisco federal court, the Department of Justice said the home …
Bodies In Landing Gear. Stowaways. Open Doors. What’s Up With Aviation Security?
What is going on with aviation security? People have been found dead hiding in the wheel wells of planes twice in the past month. Two stowaways were arrested on different flights in November and December. Then a passenger opened an …
Heffernan Insurance Brokers Acquires Green Financial in Washington
Heffernan Insurance Brokers acquired Green Financial in Kirkland, Washington. Fred Green, president of Green Financial, and his team have joined Heffernan Insurance Brokers’ small business division, HeffDirect. Founded in 1986 by Fred Green and his father Harry Green, Green Financial …
American Airlines’ ESG-Based Investing for 401(k) Plan Is Illegal, US Judge Rules
A federal judge in Texas on Friday said American Airlines violated federal law by basing investment decisions for its employee retirement plan on environmental, social and other non-financial factors. The ruling by U.S. District Judge Reed O’Connor appeared to be …
The Most Important LA Wildfire Stories to Know About
As firefighters gain more control over what have become the most destructive wildfires in U.S. history in a matter of days, the scale of the destruction and losses is becoming clearer. Despite the cacophony of a world stage that includes …