SiriusPoint Launches Specialty MGA Banyan Risk, Focusing on D&O Insurance July 8, 2021 SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced the launch of Banyan Risk Ltd., a managing general agent that...
How Russian Military Uses ‘Brute Force’ to Hack U.S. Government, Companies July 8, 2021 By Frank Bajak, Nomaan Merchan and Eric Tucker U.S. and British agencies disclosed last week details of “brute force” methods they say have been used by Russian intelligence...
Trump Lawsuits Allege Social Media Firms Violate Free Speech Rights July 8, 2021 By Jason Lange and Jan Wolfe Former U.S. President Donald Trump on Wednesday filed lawsuits against Twitter Inc,. Facebook Inc., and Alphabet Inc.’s Google, as well...
UK’s Pool Re Launches Advisory Group to Develop Public-Private Solutions for Systemic Risks July 8, 2021 Pool Re, Britain’s leading terrorism reinsurer, announced the launch of “Re:New,” an advisory group that will explore how to protect...
German Consumer Group Files Lawsuit Against Daimler over Diesel Emissions Scandal July 8, 2021 Germany’s largest consumer protection group filed a lawsuit on Wednesday against car maker Daimler that it said would make it...
Does It Ever Make Sense for Firms to Pay Ransomware Criminals? July 8, 2021 By Chris Beck and Blake Fleisher The global insurance company AXA announced in May it will stop writing cyber insurance coverage in France that reimburses customers...
Michigan’s Top Court Eyeing Liability in Snowmobile Crashes July 8, 2021 The Michigan Supreme Court is looking at a pair of cases that involve possible liability against the state in crashes...
Hub Acquires Operating Subsidiaries of Trusted Capital Group in Texas July 8, 2021 HUB International Ltd. has acquired the operating subsidiaries of TCG Group Holdings LLP, doing business as Trusted Capital Group. Terms...
California Drivers Charged After Text Messages Detail Alleged Fraud Scheme July 8, 2021 Maricela Pantjoa Vidrio, 31, of Fairfield, Calif., and Areshma Kiran, 35, of Sacramento, Calif., were charged on multiple felony counts...
Opinion: New Missouri Legislation Protects Insurers from Unreasonable Arbitration Awards and Findings July 8, 2021 By Cody S. Moon Missouri recently enacted legislation that prohibits a claimant, tortfeasor, or any other party from using an arbitration award against any...