INSURANCE NEWS
King Risk Partners Acquires Connecticut’s Suzio Insurance
Florida-based insurance broker King Risk Partners reports it has acquired Suzio Insurance Center, Inc., an independent insurance agency based in Meriden, Connecticut. Suzio Insurance Center was started in 1974 by the late Franklin Suzio and is currently headed by James …
Specialist Risk Group Acquires Bloodstock and Livestock Specialist Broker Stonehatch
Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of Stonehatch, a leading specialist bloodstock and livestock insurance broker. Financial details of the transaction were not disclosed. Founded in 2014 by Chris Williamson, London-headquartered Stonehatch has built a …
Toxic Waste That Set Off Global Outcry Seized by Albania’s Prosecutors
Albanian prosecutors ordered that containers filled with suspected hazardous industrial waste be seized after the cargo was forced to return to Europe from Southeast Asia. The prosecutors’ order Sunday directed customs authorities and the police to confiscate 102 containers for …
YouTube Forced to Play a Game of Legal Whack-a-Mole With Russia
When YouTube blocked three Russian channels it said were controlled by sanctioned supporters of Vladimir Putin’s invasion of Ukraine, the US video company thought any disputes would be resolved in courts in California and England. It couldn’t have been more …
Super Typhoon Kong-Rey Threatens Another Halt of Taiwan Stock Exchange
The most powerful typhoon in almost six decades threatening to barrel across Taiwan this late in the year has raised the prospect of another suspension of the island’s $2.5 trillion stock exchange by a storm. Super Typhoon Kong-Rey has intensified …
Police Summon CEO of Aviva India in Religion-Based Discrimination Case
Indian police have asked Asit Rath, the chief executive of British insurer Aviva in the country, to join an inquiry into a former employee’s accusations of religious discrimination in the workplace, documents seen by Reuters showed. The investigation, in the …
Viewpoint: Role of Private Flood Insurance Has Room to Grow With NFIP Instability
Back-to-back hurricane landfalls in the span of less than two weeks have placed flood insurance in a new light for many inside and outside of the insurance industry, if not front and center. Images of flood and storm damage from …
JPMorgan Sues Customers Over Check Fraud Linked to Glitch That Went Viral
JPMorgan Chase, the largest U.S. bank, has begun suing customers for check fraud, saying they improperly withdrew funds by taking illegal advantage of a temporary technical glitch that went viral on TikTok. The glitch in late August let customers deposit …
McDonald’s sued by consumers in proposed class action over E.coli outbreak
McDonald’s was sued on Tuesday by consumers in a proposed class action stemming from the E.coli outbreak linked to onions in the fast-food chain’s Quarter Pounders. Amanda McCray of Chicago and William Michael Kraft of Davie, Florida, said they experienced …
Washington Drafting New Ergonomic Rules for Airline Ground Crews
Scheduled airline ground crews, including baggage handlers and maintenance workers, file injury claims for work-related musculoskeletal disorders at more than 10 times the statewide average, according to the Washington State Department of Labor & Industries. WMSDs, which include strains, sprains …
Arthur J. Gallagher Acquires Adept Benefits in Washington
Arthur J. Gallagher & Co. acquired Snoqualmie, Washington-based Adept Benefits LLC. Adept Benefits is a health and benefits consulting firm serving clients in the greater Seattle area. Megan Narrance and her team will remain in their current location under the …
AI Weapons Scanners in NYC Subway Found Zero Guns in Month Test
A pilot program testing AI-powered weapons scanners inside some New York City subway stations this summer did not detect any passengers with firearms — but falsely alerted more than 100 times, according to newly released police data. Through nearly 3,000 …