Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, contradicting reports earlier this week that the company had no intention of paying an extortion fee to help restore the country’s largest fuel pipeline, according to two …
A Willamette Valley, Ore., grass seed dealer accused of mislabeling over 8 million pounds of seed will pay $300,000 in a settlement with Oregon state agriculture officials. Dynamic Seed Source LLC and owner Trevor Abbott have agreed to pay the …
Connecticut officials on Monday proposed an additional $280 million in funding for nursing homes in an effort to avoid strikes by nearly 4,000 health workers that are set to begin Friday if negotiations fail. Democratic Governor Ned Lamont’s budget director, …
Airbus SE and Air France-KLM could face charges of involuntary manslaughter over the deadly crash of a Paris-bound plane off the Brazilian coast over a decade ago. The Paris appeals court ruled Wednesday that the case should be taken to …
Mitchell | Genex | Coventry, a provider of cost containment technology, provider networks, clinical services, pharmacy benefit management (PBM) and disability management, has entered into a definitive agreement to acquire QualCare Alliance Networks Inc. (QANI), a managed care organization serving …
The commercial auto insurance segment posted its best underwriting result in a decade in 2020, thanks to continued big rate increases and a big drop in driving due to the coronavirus pandemic. According to a Fitch Ratings report, the commercial …
ArgoGlobal, the Lloyd’s insurer and member of Argo Group, has formed a partnership with green finance managing general agency, Tierra Underwriting Ltd. ArgoGlobal is providing $25 million in underwriting capacity to support the MGA, supporting Tierra Underwriting in transactions that …
President Joe Biden on Wednesday signed an executive order intended to strengthen U.S. cybersecurity by improving information sharing about attacks with the private sector and adopting better safety practices throughout the government. It also seeks to improve the government’s response …
Insurance broker Miller has launched a professional indemnity (PI) product designed specifically for solicitors operating on a self-employed basis. The product was developed following reforms introduced in November 2019 by the Solicitor’s Regulation Authority (which regulates solicitors in England and …
Colonial Pipeline has cyber insurance arranged by broker Aon, with Lloyd’s of London insurers AXA XL and Beazley among the underwriters, three sources told Reuters on Thursday. Colonial Pipeline has begun to restart the nation’s largest fuel pipeline network after …
