Lloyd’s Expects ‘Major Claim’ From Russia-Ukraine War, Reports ‘Strong’ Profit in 2021 March 24, 2022 Lloyd’s, the world’s leading insurance and reinsurance marketplace, announced “a strong return to profitability” in its 2021 full year financial...
Teen Suspected by Cyber Researchers of Being Lapsus$ Mastermind March 24, 2022 By William Turton and Jordan Robertson Cybersecurity researchers investigating a string of hacks against technology companies, including Microsoft Corp. and Nvidia Corp., have traced the attacks...
Generali Suspends CEO Donnet’s Internal Rival in Ongoing Power Struggle March 24, 2022 Insurer Generali said on Wednesday it had suspended Luciano Cirina, its head of Austria and CEE countries, who has been...
Vienna Insurance Group Completes Purchase of Aegon’s Hungary Business for €620M March 24, 2022 By L.S. Howard Vienna Insurance Group (VIG) acquired the business of the Dutch insurer Aegon in Hungary for €620 million ($682.6 million) after...
Ex-Michigan Governor Must Testify in Flint Water Civil Trial March 24, 2022 Former Michigan Gov. Rick Snyder and several other officials must testify in a civil trial involving engineering firms being sued...
Louisiana to Receive $1.7 Billion in HUD Disaster Grants March 24, 2022 Three Gulf Coast states are getting $1.9 billion in federal grants to help recover from hurricanes and floods over the...
Russia’s Seizure of Foreign Jets Triggers Wave of Insurance Claims From Leasing Firms March 24, 2022 By Siddharth Philip and Eliza Ronalds-Hannon Russia’s move to transfer almost 800 foreign-owned jets to its own aircraft register amid foreign sanctions has triggered a wave...
Tornado Strikes New Orleans as Storms Move Into Deep South March 24, 2022 By Rebecca Santana and Acacia Coronado A tornado tore through parts of New Orleans and its suburbs Tuesday night, ripping down power lines and scattering debris...
Citizens: Underwriting Losses, but $81M in Net Income Thanks to Investments March 24, 2022 By William Rabb Citizens Property Insurance Corp. directors said Wednesday they continue to worry about the state of the Florida insurance market, Citizens’...
Court Denies Insurer Use of Multiple Exclusions to Dodge Defending Insured March 24, 2022 By Andrew G. Simpson Everest Indemnity Insurance Co. is on the hook to defend an insured alleged to have improperly installed a fire suppression...