INSURANCE NEWS
Report: Corporate Risk Level Highest in 12 Years
Economic volatility, geopolitical upheaval and artificial intelligence (AI) have driven the corporate threat level to its highest in 12 years, according to Clyde & Co’s 2024 Corporate Risk Radar. The survey of C-Suite decision-makers, in-house legal teams and general counsel, …
Idaho Police Force Lost Millions in Gear and Vehicles in Fire
Police in northern Idaho lost millions of dollars worth of law enforcement equipment and vehicles in a fire that tore through a department building over the weekend, Coeur d’Alene police said. No one was injured in the fire that broke …
City in Upstate New York Restoring Systems Shuttered by Cyber Incident
The city of Newburgh in New York’s Orange County is today reopening its City Hall while continuing to work on restoring municipal services following identification of a cyber incident last Monday. The network security incident led to a temporary disruption …
Strong Winds Driving Southern California Wildfire
Strong winds drove a wildfire that forced the evacuation of more than 1,000 visitors to a recreation area and threatened nearby properties over the weekend. Flames burned through dry brush along Interstate 5 north of Los Angeles on Sunday, and …
People Moves: Canopius Taps Getty From Talbot for Cyber Team; Howden Promotes Hipson to Head of London Broking
This edition of International People Moves details appointments at special re/insurer Chaucer Group and the London-based broker Howden. A summary of these new hires follows here. Canopius Taps Getty From Talbot for Cyber Team Canopius Group, the London-based global specialty …
Vacant Commercial Property Owners Face Sidewalk Liability: New Jersey Supreme Court
The New Jersey Supreme Court has ruled that all commercial landowners — including owners of vacant commercial lots — have a duty to maintain the public sidewalks abutting their property in reasonably good condition and are liable to pedestrians injured …
US Lawmakers Grill Microsoft President Over China Ties, Hacks
Microsoft President Brad Smith fielded questions about the tech giant’s security practices and ties to China at a House homeland security panel on Thursday, a year after alleged China-linked hackers spied on federal emails by hacking the firm. The hackers …
Foul Ball: Florida Appeals Court Says Detroit Tigers Owe Little to Injured Pitcher
If the Detroit Tigers Major League Baseball team needs money to rebuild its roster next year, a Florida appeals court just saved the team more than $14,000 in workers’ compensation payments to an injured minor league pitcher. Florida’s 1st District …
London Hospitals Knew of Cyber Vulnerabilities Years Before Hack
A group of London hospitals struggling to contain the fallout from a cyberattack against a critical supplier had known for years about weaknesses that left them vulnerable to hacks, according to documents reviewed by Bloomberg News. The Guy’s and St …
Houthi-Stricken Cargo Carrier’s Crew Abandons Ship Due to Fire
Crew members of a bulk cargo carrier struck by Houthi missiles abandoned ship Saturday after they couldn’t get fires on board under control, the US military said. The Iranian-backed militants struck the Verbena, a Ukrainian-owned, Polish-operated ship, in two missile …
Denmark Seeks to Limit Shadow Tanker Fleet Carrying Russian Oil
Denmark is considering ways to limit a so-called shadow fleet of tankers from carrying Russian oil through the Baltic Sea, the Nordic country’s foreign minister said on Monday, in a move that could heighten tensions with Moscow. Russia sends about …
Russia’s Ingosstrakh Weighs Legal Action After UK Sanctions
Russia’s Ingosstrakh said on Friday it may challenge UK sanctions in court and was seeking clarification about the measures imposed on the country’s leading insurer that the British government announced on Thursday. Ingosstrakh, which provides services to Russian oil exporters …