> Indian Insurance: Insurance
Showing posts with label Insurance. Show all posts
Showing posts with label Insurance. Show all posts

Thursday, March 28, 2024

Wisconsin Supreme Court: Amazon Drivers Can Be Declared Employees

MADISON, Wis. (AP) — The Wisconsin Supreme Court on Tuesday let stand a lower court ruling that declared some delivery drivers for Amazon were employees as the state argued, not independent contractors as the online retail giant contended. The court, …

from News Archives - Insurance Journal https://ift.tt/WhvG9V4

Bird Flu is Another Blow to ‘Cattle Country’ Following Wildfires

LUBBOCK — Cows in the Texas Panhandle have tested positive for the bird flu, another blow to the Texas dairy industry following historic wildfires that killed at least 7,000 livestock. The discovery, reported at three different dairies, is believed to …

from News Archives - Insurance Journal https://ift.tt/ICPjwY0

Wednesday, March 27, 2024

Clorox Audit Revealed Cybersecurity Flaws at Its Plants in 2020

A few years before a 2023 cyberattack disrupted manufacturing at one of the largest US producers of disinfectants ahead of flu season, an audit warned of systemic cybersecurity flaws within the company’s production systems. Among the shortcomings highlighted by the …

from News Archives - Insurance Journal https://ift.tt/rDZ8L4u

Fires From 2023, Smoldering Under Snow, Reveal Canada’s Dangerous New Reality

As skiers glide down the slopes of British Columbia’s Whistler Mountain and ice fishers drop their lines into frozen lakes in Alberta, dozens of the fires whose smoke darkened North America’s skies last year are still burning — with some …

from News Archives - Insurance Journal https://ift.tt/xAQ8yPY

Tuesday, March 26, 2024

Markets/Coverages: Marsh Launches Global Facility Providing Cover up to $825M for Digital Asset Custodians

Marsh, the insurance broker, risk adviser and a unit of Marsh McLennan, announced the launch of an insurance facility for custodians of digital assets, including financial institutions. The largest facility of its kind, it provides insurance capacity up to $825 …

from News Archives - Insurance Journal https://ift.tt/acLK4BJ

5th Circuit: Chubb Must Cover SXSW in Suit Over Cancelled 2020 Festival

The 5th Circuit Court of Appeals ruled last week that Chubb must cover restitution claims paid to ticket holders of the 2020 South by Southwest film festival cancelled due to COVID-19. A three-judge panel reversed a summary judgment in favor …

from News Archives - Insurance Journal https://ift.tt/IgqX9ds

Monday, March 25, 2024

Worst Is Over: Most of Casualty Reserve Hole May Be Filled, Analyst Says

Predictions that the property/casualty insurance industry is in the midst of repeating the type of loss reserving cycle that accompanied the hard market of the beginning year of this century may be overblown, according to an analyst. In fact, William …

from News Archives - Insurance Journal https://ift.tt/ISGD1L4

Ageas Says It Won’t Make Third Offer for Direct Line Insurance

Ageas said it will halt its pursuit of UK insurer Direct Line Insurance Group Plc after two takeover proposals were rejected this year. The Belgian insurer had put forth an offer valuing Direct Line at about £3.2 billion ($4.1 billion) …

from News Archives - Insurance Journal https://ift.tt/9ZMuiGW

Hong Kong Reports Its Highest March Temperature in 140 Years

Hong Kong’s temperature on Sunday reached the highest recorded level during the month of March in 140 years, according to the city’s observatory. The maximum temperature measured at the Observatory was 31.5C (88.7F) — the highest reported during the month …

from News Archives - Insurance Journal https://ift.tt/ycvNorn

North Korean Hackers Stalk Crypto Startups Scrimping on Security

It’s every cryptocurrency project’s nightmare: Well-resourced hackers — perhaps backed by a rogue state like North Korea — strike out of nowhere, dismantling cyber defenses and making off with millions of dollars in customer funds. Many crypto outfits, large and …

from News Archives - Insurance Journal https://ift.tt/BKsMbWg

Police Identify Five Killed in Private Jet Crash Near Rural Airport

Virginia State Police have identified the five people who were killed when a small private jet crashed as it approached a rural airport earlier this month. The twin-engine IAI Astra 1125 left Fort Lauderdale, Florida, on March 10 and was …

from News Archives - Insurance Journal https://ift.tt/twpfzgs

Virginia Still Battling Shenandoah Valley Wildfires

Crews who have been battling still-burning wildfires in Virginia’s Shenandoah Valley this week have gotten an assist from rain and from the state government, which has deployed new resources to the area, officials said Saturday. “Without a doubt the rain …

from News Archives - Insurance Journal https://ift.tt/AWIiYel

Friday, March 22, 2024

Challenges to SEC’s Climate Rules Sent to Appeals Court

A U.S. judicial panel on Thursday consolidated at least nine lawsuits challenging the U.S. Securities and Exchange Commission’s new rules requiring public companies to report climate-related risks in a venue favored by Republican-led states and a business group. The St. …

from News Archives - Insurance Journal https://ift.tt/loXsFCe

Vermont Communities Hit by Summer Flooding Seek $3.5M to Elevate 20 Homes

Two of the Vermont communities hardest hit by last summer’s catastrophic flooding have requested $3.5 million in state funding to elevate 20 homes in Barre and the capital city of Montpelier for flood victims who still need safe places to …

from News Archives - Insurance Journal https://ift.tt/uRIUjrb

China Scrutinizes PwC Role in $78 Billion Evergrande Fraud Case

Chinese authorities are examining the role of PricewaterhouseCoopers LLP in China Evergrande Group’s accounting practices after the developer was accused of a $78 billion fraud, ramping up pressure on the global accounting giant that audited a slew of developers before …

from News Archives - Insurance Journal https://ift.tt/HaSlm23

People Moves: Massaro Joins Hartford in Northeast; Alliant Adds Spina in New York

The Hartford, headquartered in Hartford, Connecticut, appointed Matthew Massaro head of sales and underwriting for its middle and large commercial businesses’ Northeast division. Massaro has been with The Hartford for over 25 years, most recently serving as regional vice president …

from News Archives - Insurance Journal https://ift.tt/PltxObR

Thursday, March 21, 2024

Texas Contractor Faces $257K Fine After Teenager’s Death in Trench Collapse

A Houston, Texas-area contractor is facing more than a quarter million dollars in fines after a federal investigation found the company’s willful regard for required safety procedures contributed to a teenager’s death when a a 15-foot trench wall collapsed on …

from News Archives - Insurance Journal https://ift.tt/6nbUFTS

Ohio’s Cedar Point Amusement Park Fined $50K in Age Discrimination Suit

An Ohio will pay $50,000 to settle an age discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. Cedar Fair, L.P., doing business as Cedar Point, and Magnum Management Corporation, which own, operate, and …

from News Archives - Insurance Journal https://ift.tt/YlFIvuH

Wednesday, March 20, 2024

UK’s Ardonagh to Acquire Independent Italian Insurance Broker Mediass

The Ardonagh Group, the London-based independent insurance distribution platform, announced it has agreed to acquire Mediass, an independent Italian insurance broker company. Financial details of the deal were not disclosed. Based in Pescara, in the Abruzzo region, Mediass serves more …

from News Archives - Insurance Journal https://ift.tt/3ko9pmK

Tokio Marine Has $10 Billion for Potential Acquisitions: Executive

Tokio Marine could potentially spend around $10 billion on overseas acquisitions and is patiently tracking public companies around the world, the co-head of the Japanese insurer’s expanding international business told Reuters. Tokio Marine’s international business has grown to more than …

from News Archives - Insurance Journal https://ift.tt/bkRrKtO