INSURANCE NEWS
Viewpoint: The Upcoming World Cup and Injury Risk
This summer, global sport’s biggest event is coming to America. Part of what makes the World Cup so special is the storylines attached to the once-in-four-year event. This year’s tournament will likely be the last chapter in professional sport’s greatest …
Older, Wealthier Renters Drive Changes in Insurance Needs
As the demographic of the average American renter changes, so too do their insurance needs. Renters today tend to be older with higher incomes and stronger credit profiles, and they often remain at the same address for several years, according …
Citi Exec Alleges She Was Fired for Raising Trump-Related Compliance Issues: FT
A former Citigroup executive alleged in a lawsuit that the bank fired her in retaliation for identifying regulatory and compliance risks that, according to a Financial Times report on Tuesday, were related to Citi’s efforts to court U.S. President Donald …
Asia Reports Sharp Rise in Cybercrimes and Scams, Interpol Says
Illegal cyber activities accounted for around a third of all crimes recorded in some Asian countries, with scams the most widespread and financially damaging, according to a new Interpol report. The global policing agency’s latest cyber threat cyber threat assessment …
Drones Banned from Flying Over Dallas Stadium During World Cup Matches
When England takes on Croatia Wednesday in the group stage of the FIFA World Cup, the area surrounding AT&T Stadium in Arlington, Texas will be conspicuously absent of any aircraft. That’s because the Federal Aviation Administration (FAA) has issued a …
NTSB: North Dakota Derailment Proves the Need to Replace Flawed Tank Cars
A fiery North Dakota derailment that happened two years ago demonstrated yet again why the National Transportation Safety Board has been urging the rail industry for decades to replace flawed tank cars that tend to rupture in a crash. The …
Ohio Lawmakers Pass Bill to Combat Catalytic Converter Thefts
Ohio lawmakers this month passed a bill that aims to protect consumers from catalytic converter theft. House Bill 210 creates more transparent guidelines for businesses, including requiring scrap dealers and other buyers of used catalytic converters to comply with recordkeeping, …
Washington Restaurants Ordered to Pay $750K in Back Wages
The U.S. Department of Labor has secured a federal consent judgment requiring four Washington-based restaurants to pay $750,000 in back wages and damages to 42 workers after an investigation uncovered minimum wage and overtime violations of the Fair Labor Standards …
Texas Beef Industry Profits Eaten Away by Threat of Screwworm
James Henderson was a teenager in 1971 when he had to treat animals for a type of white maggot that ate livestock from the inside out — the New World screwworm. “It’s a horrible parasite, and it will eat that …
Read the 14-Point Draft Memorandum of Understanding Between the US and Iran
The US and Iran are expected to formally sign a memorandum of understanding on June 19 in Switzerland, paving the way for 60 days of talks aimed at ending their war for good and putting strict new limits on Iran’s …
Hacking Group Claims Major Hack of Novo Nordisk and Attempted $25M Extortion
A cyber extortion group claimed on Tuesday to have stolen more than a terabyte of data from pharmaceutical giant Novo Nordisk and said it is exploring selling parts of the data after unsuccessfully demanding $25 million from the company. FulcrumSec, …
Appetite for Insurance M&A Remains as AI Enters the Chat, Says PwC
Appetite from insurance mergers and acquisitions remains, but the industry’s use of artificial intelligence is expected to enter the equation to affect strategies. According to finding from PwC, the insurance sector logged about $29.6 billion in deal value from 191 …