INSURANCE NEWS
Chinese Hackers Step Up Attacks on Taiwanese Organizations, Cybersecurity Firm Says
A suspected Chinese state-sponsored hacking group has stepped up its targeting of Taiwanese organizations, particularly those in sectors such as government, education, technology and diplomacy, according to cybersecurity intelligence company Recorded Future. In recent years, relations between China and Taiwan, …
Deadly Explosion in Korea Revives Concerns Over Battery Safety
A deadly factory blaze has revived concerns over battery safety in South Korea, a key global supplier of lithium-ion cells used in everything from electric vehicles to energy storage systems. The fire and a series of explosions at a lithium …
Roller Coaster Strikes Man in Restricted Area of Ohio Theme Park
CINCINNATI (AP) — A man who apparently entered a restricted area to retrieve his lost keys at a theme park in Ohio was critically injured when he was struck by a steel roller coaster, police and park officials said. The …
EU Adds 27 Russian Vessels to List of Entities Under Sanctions
The European Union will add 27 vessels, including oil and liquefied natural gas tankers, to its list of entities under sanctions as part of its latest measures against Russia, two sources familiar with the matter said on Monday. EU countries …
Dellwood Specialty Gets A- Rating From AM Best
Dellwood Specialty Insurance Company has received a financial strength rating of A- (Excellent) from AM Best. The industry rating agency said the rating as given due to Dellwood’s “very strong” balance sheet strength as well as other factors such as …
Federal Judge Blocks Biden Wage Rule for Construction Projects
A federal judge on Monday temporarily blocked a Biden administration rule expanding the cases in which construction contractors are required to pay workers prevailing wages that apply to $200 billion of federally funded infrastructure projects. U.S. District Judge Sam Cummings …
Music Labels Sue AI Companies Suno, Udio for Copyright Infringement
Major record labels Sony Music, Universal Music Group and Warner Records sued artificial intelligence companies Suno and Udio on Monday, accusing them of committing mass copyright infringement by using the labels’ recordings to train music-generating AI systems. The companies copied …
Alabama Company Pays $81,000 OSHA Fine After Worker’s Fatal Fall
The U.S. Department of Labor has fined an Alabama mobile home manufacturer more than $81,000 after a worker without fall protection slipped and fell to his death last November. The department’s Occupational Safety and Health Administration found that 62-year-old Jerry …
Workers Sue Disney, Say They Were Wrongly Induced to Move to Florida
ORLANDO, Fla. (AP) — Disney workers are suing their employer, claiming they were fraudulently induced to move from California to Florida to work in a new office campus only to have those plans later scrapped amid a fight between the …
Floodwaters Force People From Homes in Some Parts of Iowa
Floodwaters forced people out of their homes in parts of Iowa, the result of weeks of rain, while much of the United States longed for relief Saturday from yet another round of extraordinary heat. Sirens blared at 2 a.m. in …
R&Q Files for Provisional Liquidation in Bermuda; Agrees to Sell Legacy Unit Inceptum
R&Q Insurance Holdings Ltd. confirmed that on June 21 it had filed with the Bermuda Supreme Court an application to appoint joint provisional liquidators to oversee the liquidation and ultimately the winding up of the company. The company anticipates that …
Markets/Coverages: FloodFlash Offers Parametric Flood Product Across US
FloodFlash announced its expansion to cover all mainland US locations. The sensor-enabled parametric flood insurer provides flood coverage in excess of the National Flood Insurance Program (NFIP) where the private markets are unable to quote, particularly in real estate, sports …