Monthly Archives: <span>December 2018</span>

Hub Acquires Assets of Pennsylvania’s Nolen Associates, Massachusetts’ Dadgar Insurance

Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Nolen Associates Inc. Terms of the transaction were not disclosed. Located in Springfield, Penn., Nolen Associates is a full-service medical malpractice insurance agency representing more than 1,000 …

New York Lawmakers Pledge to Change Laws That Enable Predatory Lending

New York legislators are pledging to change laws that have allowed predatory lenders to use the state court system to seize the assets of thousands of small businesses across the country. Brad Hoylman, incoming chairman of the Senate Judiciary Committee, …

Average World Temperatures to Far Exceed Paris Climate Agreement Goals: Report

Average world temperatures are on course to far exceed the main goal set in the 2015 Paris Agreement on limiting global warming, a study showed on Tuesday [Nov. 11]. But the overshoot by the end of this century could be …

Most UK SMEs Don’t Understand Risks of Cyber Attacks, Data Loss: Aon Poll

A poll of small and medium-sized enterprises (SMEs) and micro businesses in the UK shows over half are confused by or even unaware of the rules around the EU’s General Data Protection Regulation (GDPR), while more than eight out of …

Gallagher Bassett Acquires UK-Based Property Claims Management Services

Gallagher Bassett, the risk management services subsidiary of Arthur J. Gallagher, has boosted its size and offering in the United Kingdom by acquiring Property Claims Management Services Ltd. (PCMS). With origins dating back to 1991, Tamworth, England-based PCMS business provides …

Italian Oil Services Firm Saipem Blames Cyber Attack on Shamoon Virus Variant

A hack on Italian oil services firm Saipem that crippled more than 300 of the company’s computers used a variant of the notorious Shamoon virus, Saipem said, a development that links the case to a massive attack in 2012 on …

UK Fintech Startup Revolut Gets EU Banking License in Lithuania

Revolut, the London-based financial technology startup, has obtained a European banking license as Brexit looms, with plans to launch checking and savings accounts as well as retail and business lending. The Bank of Lithuania, the eastern European country’s central bank, …

Spicer Joins Oklahoma Agents Group as Workers’ Comp Program Account Manager

Nikki Spicer has joined the Independent Insurance Agents of Oklahoma (IIAO) as the association’s new workers’ compensation program account manager. She will be working alongside Susan Starr and is replacing Niki Wigington, who has taken on a new role with …

New Consumer Financial Protection Bureau Chief Outlines Priorities

The new head of the U.S. consumer financial watchdog on Tuesday said she intended to continue some of the work begun by her predecessor Mick Mulvaney, including a review of decades-old rules preventing lending discrimination against minorities. Industry and consumer …

Current Congress Unlikely to Pass Federal Bill to Speed Up Driverless Vehicles

A landmark U.S. bill that would speed adoption of self-driving cars is now “a long shot” to pass before the current Congress adjourns in the coming weeks, a key Republican senator behind the legislation said. Many automaker lobbyists and congressional …