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Proposed UK Terrorism Law Would Stop Insurance Cover for Ransom Payments

The U.K. government will introduce anti-terrorism legislation this week requiring internet companies to provide user data to authorities. The bill, to be published on Nov. 26 and fast-tracked through Parliament so it becomes law before the general election in May, …

Whistleblower Tips, Award Amount Increased in 2014, Reports SEC

The U.S. Securities and Exchange Commission received more than 3,500 tips from whistleblowers in fiscal year 2014, the largest number received since the program went into effect three years ago. The SEC announced the increase in its Nov. 17 annual …

House Republicans Sue Obama Over Delay in Health Insurance Mandate

U.S. House Republicans sued President Barack Obama’s administration over implementation of the 2010 healthcare law, saying the president exceeded his authority by delaying part of the program. The complaint filed yesterday in Washington federal court said the president unlawfully postponed …

Cooper Gay Creates Latin American Energy Practice

Cooper Gay Miami, the Latin American headquarters of global reinsurance, wholesale and specialty broker Cooper Gay Swett & Crawford (CGSC), announced the creation of a Latin American energy practice. The practice will target regional business with a particular focus on …

ACE Announces Senior EMEA Accident & Health Appointments

ACE Group announced two appointments in its EMEA accident and health management team, as part of its ongoing investment in its consumer insurance offering across the region. Joel Laventure has been appointed to the new role of commercial director, A&H classic …

RenaissanceRe to Acquire Platinum Underwriters in $1.9 Billion Deal

RenaissanceRe Holdings Ltd. and Platinum Underwriters Holdings Ltd. announced that the companies have entered into a definitive merger agreement under which RenaissanceRe will acquire Platinum. Under the terms of the transaction, the common shareholders of Platinum will receive $76.00 per …

Some Future Effects of Climate Change Are Inevitable: World Bank

Some future impacts of climate change, such as more extremes of heat and sea level rise, are unavoidable even if governments act fast to cut greenhouse gas emissions, the World Bank said. Past and predicted emissions from power plants, factories and …

New Malware Called ‘Regin’ Targets Firms in at Least 10 Countries

An unidentified nation may have developed a “highly complex” surveillance tool that targeted companies and other victims in at least 10 countries including Russia and Mexico, Symantec Corp. researchers said. The tool, a malware dubbed “Regin,” has been been used …

Target: Retailer Owes No Duty to Banks in Data Breach

A Target Corp. lawyer told a judge that the company had no legal obligation to banks that claim to have lost tens of millions of dollars after a hack last year on the retailer’s payment processing systems. Target didn’t have …

Former Washington Adjuster Pleads Guilty To $135,000 Theft

Former Nationwide Insurance claims associate Fariborz Romeo Rahrovi, 40, on Friday pled guilty in King County Superior Court in Washington to two counts of theft, criminal conspiracy and money laundering related to the theft of an accident victim’s $525,000 insurance …

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