INSURANCE NEWS
Detroit-Area County to Pay $7M to Family of Man Killed in Jail for a Misdemeanor
DETROIT (AP) — A Detroit-area county agreed to a $7 million settlement in the death of a man who was severely beaten by another man while in jail for a misdemeanor. Separately, a federal prosecutor announced Monday that the Wayne …
UK Lays Out Stronger Cybersecurity Defenses After Attack Crippled NHS Hospitals
The new UK government plans to strengthen the nation’s defenses against cyberattacks, a month after a ransomware hack crippled London hospitals and health care providers. Labour introduced the Cyber Security and Resilience Bill on Wednesday as part of its maiden …
Islamic Insurance Helps Cover Muslim Farmers Battling Climate Change
On his four and a half acres of land in central Pakistan, Izhar ul-Haq approaches farming as a science. He knows the precise acidity of the soil and the exact amount of brackish groundwater his crops can tolerate if mixed …
Russian Cybersecurity Firm Kaspersky Labs to Wind Down US Operations
Kaspersky Labs will gradually wind down its U.S. operations from July 20, the Russian anti-virus software maker said on Monday, nearly a month after the Biden administration announced plans to bar sales of the company in the country. Kaspersky, which …
World Bank Eyes First ‘Drought’ Bond in Next 12-18 Months
The World Bank is looking to issue its first drought bond in the next 12-18-months and broaden its offering of catastrophe bonds supporting countries suffering devastation from storms and earthquakes, a senior executive at the lender said. The drought bond …
Coalition Asks FEMA to Make Wildfire Smoke, Extreme Heat Eligible for Disaster Funds
A group of 14 attorney generals has formed a coalition to persuade the Federal Emergency Management Agency (FEMA) to initiate rulemaking to update its regulations to recognize extreme heat and wildfire smoke events as eligible for major disaster declarations under …
FM Global Rebrands As FM
FM Global said it will now be known simply as FM. The commercial property insurer on July 17 unveiled its new name and “titanium” logo at the company’s midyear meeting. “We believe that by uniting our businesses under the FM …
People Moves: DUAL Swiss Taps Tokio Marine’s Wyss as Managing Director; WTW Appoints 3 Senior Hires to International Casualty Team
This edition of International People Moves details appointments at managing general agent DUAL Europe and insurance broker WTW. A summary of these new hires follows here. DUAL Swiss Taps Tokio Marine’s Wyss as Managing Director DUAL Europe announced the appointment …
People Moves: VIAA Hires Sherman as Book Management Coach
Valley Insurance Agency Alliance (VIAA), headquartered in St. Louis, hired Carly Sherman as a book management coach. Sherman is focused on improving personal lines production profitability with strategic and regional partner carriers. Sherman previously worked as an agency manager with …
Texas Governor Criticizes CenterPoint Energy After Beryl Power Outages
The majority of Houston outages that followed Hurricane Beryl should be fixed by Wednesday, the city’s main utility company said as Texas Gov. Greg Abbott threatened to punish CenterPoint Energy even after the lights come back. The Texas Public Utility …
Deere Retreats From Diversity Measures After Online Attacks
Deere & Co., the world’s top farm machinery maker, is pulling back from diversity measures in the face of conservative criticism, the second agriculture-related company in less than a month to bend to such pressure. Deere said on the social …
Horticultural Grower Fined $172K Over Sexual Harassment at Texas Location
Altman Specialty Plants, LLC, the largest horticultural grower in the United States, will pay $172,000 in monetary relief and furnish extensive injunctive relief to resolve a finding of sex discrimination and retaliation by the U.S. Equal Employment Opportunity Commission (EEOC) …