INSURANCE NEWS
Hackers Grow More Sinister and Brazen in Hunt for Bigger Ransoms
A hack on a London hospital has left hundreds of millions of health records exposed and forced doctors to reschedule life-altering cancer treatments. In North America, a gang tried auctioning off data about LendingTree Inc. customers after finding credentials in …
Zurich to Buy AIG’s Travel Insurance Business for $600 Million
Zurich early Wednesday said it is purchasing the global personal travel insurance business of American International Group (AIG) for $600 million. The deal, according to Zurich, may include an additional payment if specific targets are met after the sale, which …
Grocery Store Chain Settles Suit Alleging Sexual Harassment, Disability Discrimination
Regional grocery chain Weis Markets, Inc. has settled a sexual harassment and disability discrimination lawsuit filed by the Equal Employment Opportunity Commission (EEOC) on behalf of an employee, the federal agency announced. The charges included mandating that an employee participate …
Florida Governor Suspends City Councilwoman Indicted on Insurance Fraud Charges
A Florida city council member has vowed to return to office after Gov. Ron DeSantis suspended her over allegations that her clinic overbilled and defrauded health insurers. The Miami Herald and multiple news outlets reported that Hialeah Councilwoman Angelico Pacheco …
South Korea Halts Battery Maker’s Operations as It Probes Deadly Blaze
South Korean authorities ordered a halt on Wednesday to the operations of a manufacturer of lithium batteries after a fire killed 23 people, as they investigate three company officials for suspected safety violations. Monday’s fire at unlisted battery maker Aricell …
Specialist Risk Group Buys UK Specialist Schemes Broker, Strategic Insurance Services
Specialist Risk Group (SRG), the London-based insurance intermediary, has agreed to acquire UK specialist schemes broker, Strategic Insurance Services Ltd. (SISL), subject to regulatory approval. Financial details of the deal were not disclosed. SISL becomes SRG’s first acquisition since it …
European Job Seekers Turn Away From UK After Brexit
Irish workers have been making the short trip over to the UK to find employment for centuries, escaping famine and more recently the aftermath of the financial crisis. But new data suggests that job seekers from across the Irish Sea …
Apple Unfairly Fired a UK Worker Who Was Part Toxic Workplace Culture, Judge Says
Apple Inc. unfairly fired an employee for making racist comments that were part of a toxic workplace culture at one of its London stores, according to a UK court ruling. Apple’s investigation, before firing Timothy Jeffries who worked as a …
Eastern Canada Wildfire Forces Evacuation of Hydro Plant Workers
A wildfire in an eastern Canadian province moved closer to a huge power plant on Tuesday, forcing the evacuation of workers from a nearby town, officials said. “So (this is) very concerning,” Newfoundland and Labrador premier Anthony Furey told reporters, …
WHO, Scientists Call for Urgent Action on Dangerous Mpox Strain
The spread of mpox in Africa needs to be addressed urgently, the World Health Organization said on Tuesday, as scientists warned separately of a dangerous strain in the Democratic Republic of Congo. “There is a critical need to address the …
‘Great Resignation’ Enters Third Year as Workers Embrace AI, Upskilling, PwC Says
The proportion of workers who expect to switch employers in the next 12 months is higher than that from the “Great Resignation” period of 2022, a PwC survey of the global workforce found. Around 28% of more than 56,000 workers …
Food Safety Regulators Expand Bird Flu Testing in Milk Products
The U.S. Food and Drug Administration has begun testing more dairy products for evidence of the bird flu virus as outbreaks spread among dairy herds across the country. More than 120 dairy herds in 12 states have tested positive for …