INSURANCE NEWS
Gallagher’s Pen Underwriting Acquires Irish MGA Wrightway Underwriting Ltd.
Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced that its specialist underwriting subsidiary Pen Underwriting has acquired Ireland’s Wrightway Underwriting Ltd. Terms of the transaction were not disclosed. Based in Wexford, Ireland, Wrightway is a managing general …
Climate Change Made Deadly Brazil Floods Twice As Likely, Study Finds
Greenhouse gases produced by human activity made the recent deadly flooding in Brazil twice as likely as it would have been in the preindustrial era, according to a rapid analysis of the event by World Weather Attribution (WWA), an international …
Sanctioned Tankers Pose Rising Environmental Risk in Mediterranean, Greece Says
Unregulated tankers sidestepping Western sanctions are posing a bigger risk to the Mediterranean region and Greece is undertaking more protective measures to safeguard its coast, the country’s shipping minister told Reuters on Tuesday. Up to 850 oil tankers are estimated …
London Hospitals Hit by Cyberattack Affecting Blood Transfusions
Services at several London hospitals were disrupted after a provider that helps manage blood transfusions and lab services was hit by a ransomware attack. Lab services provider Synnovis confirmed the attack in a statement on Tuesday and said it was …
Marsh McLennan Agency Completes Fisher Brown Bottrell Acquisition
Marsh McLennan Agency said it completed its purchase of Fisher Brown Bottrell Insurance, Inc. from Trustmark National Bank for about $316 million. The subsidiary of Marsh said all Jackson, Mississippi-based Fisher Brown Bottrell employees will join Marsh McLennan Agency and …
Southwest Airlines in Court Over Firing of Flight Attendant With Anti-Abortion Views
Whether a flight attendant was fired for her religious beliefs or for improper conduct when she sent graphic anti-abortion material and disparaging messages to a union leader was at the heart of appeals court arguments Monday, as Southwest Airlines and …
Atlanta Gets a Handle on Broken Water Main That Left Parts of the City Dry
ATLANTA (AP) — For at least some residents, Atlanta’s water problems weren’t over Monday. Milena Franco, who lives in the city’s Midtown neighborhood, said she and her husband had water all weekend. But Monday morning, the flow was cut off, …
Kentucky Governor Unveils Plan to Boost Rental Housing Amid Shortage
FRANKFORT, Ky. (AP) — Kentucky Gov. Andy Beshear said this week that a rental housing shortage has gnawed at him since the recovery began from a terrifying tornado outbreak that hit western parts of the state in late 2021. The …
Safety Teams Investigating After Tennessee Industrial Fire That Killed Worker
State and federal safety officials are investigating a fatal explosion and fire at a Chattanooga, Tennessee, steel-hardening facility. The U.S. Chemical Safety and Hazard Investigation Board said it had sent a team to the TS USA liquid nitriding plant to …
Judge Cuts Bayer $2.25 Billion Roundup Verdict to $400 Million
A Pennsylvania judge on Tuesday slashed a $2.25 billion U.S. verdict against Bayer to $400 million for a Pennsylvania man who said he developed cancer from exposure to the company’s Roundup weedkiller. A jury in the Philadelphia Court of Common …
Hackers Targeted Celebrities on TikTok Using Private Messages
Hackers targeted well known brands and celebrities on TikTok, sending a malicious link through private messages to hijack prominent accounts. The ByteDance Ltd.-owned social media service said it’s taking steps to mitigate the incident and stop it from happening again. …
Firefighters Increase Containment on California’s First Big Wildfire of the Season
California’s first big fire of the season is nearly fully contained, as rising temperatures across the West this week are increasing the risk of wildfires. The Corral fire, burning east of San Francisco in San Joaquin County, started on June …