Monthly Archives: <span>May 2022</span>

Cyber-Hygiene Confidence Low but Insurance Is Making an Impact: Survey

Nearly three quarters of global cyber-risk decision markers recently surveyed said their company experienced at least one cyberattack in the past year and while these attacks have spurred more investment in cyber-risk mitigation efforts, just 3% rated their company’s cyber …

People Moves: MEMIC Names White Underwriter for Pennsylvania; World Insurance Hires Robb as General Counsel; S&S Adds Loss Control Specialist White

MEMIC Hires White as Senior Underwriter in Pennsylvania Workers’ compensation insurer MEMIC Group has hired Curtis White as senior production underwriter, responsible for renewals and new business in Pennsylvania. White’s career in the workers’ compensation industry spans 14 years and …

U.S. Seizes Iranian Oil Cargo From Russian-Operated Ship Near Greece: Sources

The United States has confiscated Iranian oil held on a Russian-operated ship near Greece and will send the cargo to the United States aboard another vessel, three sources familiar with the matter said. It was unclear whether the cargo was …

High-Speed Lawmaking: Florida Governor Quickly Signs Insurance, Condo Reform Bills

Florida Gov. Ron DeSantis signed property insurance and condominium maintenance reform legislation into law Thursday, putting an exclamation point on a whirlwind of lawmaking that began just a week ago when the bills were drafted and filed. “This package represents …

1, 2, 3 FedEx Trucks Crash Into Each Other on Maine Road

ALFRED, Maine —Three FedEx delivery vehicles traveling single file crashed into each other, sending one driver to the hospital and tying up traffic, officials said. The delivery vehicles collided with each other when traffic slowed in front of them late …

NFL to Appeal Ruling in Gruden Lawsuit Over Leaked Emails

The NFL said Wednesday it will appeal a ruling denying a request to move former Las Vegas Raiders coach Jon Gruden’s lawsuit against the league from a public courtroom into closed-door arbitration. Gruden’s lawsuit accuses the NFL of leaking his …

Generali’s 2nd Largest Investor, Who Sought to Oust CEO, Quits Board

Francesco Gaetano Caltagirone, the second largest shareholder in Assicurazioni Generali, has quit its board, the Italian insurer said on Friday, opening a new chapter in a long-standing shareholder row. Caltagirone holds a 9.95% stake in Generali, having beefed up his …

People Moves: Great American Promotes Mulvey; Rivera Succeeds Lubrano at Berkley Product Recall; Fusion Names U.S. Team for M&A

Great American Promotes Mulvey to Divisional President Great American Insurance Group recently announced the promotion of Michael B. Mulvey to divisional president within its FCIA, the division that underwrites trade credit and political risk Mulvey joined FCIA in 2012 as …

Ukraine’s Richest Man Plans to Sue Russia for Destruction of Steel Plants, Lost Business

Ukraine’s richest man says he plans to sue Russia over what he said was $17 billon to $20 billion in losses caused by its bombardment of steel plants he owns in the devastated city of Mariupol. The Azovstal steelworks suffered …

Russia Plans to Seize Local Units of Western Firms That Try to Exit Country

Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide to leave in the wake of Moscow’s invasion of Ukraine, raising the stakes for multinationals trying to exit. The law, …