Ex-Allianz Fund Manager Seeks Dismissal of Fraud Charges February 1, 2023 By Bob Van Voris The former Allianz SE hedge fund manager charged with fraud over billions of dollars in investor losses asked a judge...
Western Tankers Ramp Up Russian Oil Shipments as Prices Remain Below G7 Price Cap February 1, 2023 Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow’s flagship Urals grade held...
Lloyd’s to Pay Some Staff £1,500 in Latest Cost-of-Living Aid February 1, 2023 By Irina Anghel Lloyd’s of London will hand some staff an extra £1,500 ($1,850) to cover rising living costs as inflation persists into...
Denial-of-Service Attacks Rise, Raising Concerns for Banks February 1, 2023 By Andrew Martin Long considered a nuisance, distributed-denial-of-service attacks, or DDoS, are a growing problem for banks and other financial businesses, according to...
People Moves: Batt Is Trium Cyber Head of Product; Tyng New Lead of HDI U.S. Captive Solutions; SiriusPoint Names Sigle Head of Claims; HUB Hires Chief HRO February 1, 2023 Lloyd’s Trium Cyber Appoints Batt as Head of Product Trium Cyber, the first entity approved by Lloyd’s to launch a...
Tennessee Department Obtains $11.5M for Policyholders in Insurance Claims Disputes February 1, 2023 The Tenneesse Department of Commerce and Insurance secured a record $11.5 million for policyholders in 2022, after mediating complaints about...
Florida Approves New WC Rule: Carriers Must Verify Subcontractor Employees February 1, 2023 By William Rabb The National Council on Compensation Insurance has laid down the law, requiring Florida workers’ compensation insurers to verify employees before...
Home Heating Oil Leak Is Covered Due to Pollution Ambiguity, Rhode Island Court Rules February 1, 2023 By Andrew G. Simpson The Rhode Island Supreme Court for the first time has found the definition of pollution in a commercial policy ambiguous...
Maine AG Fines Moving Company Over Threatening Emails to Negative Reviewers February 1, 2023 A moving and storage company in Maine has agreed to pay a $125,000 fine and refrain from using a misleading...