Monthly Archives: <span>August 2024</span>

UK Cyber Spies Plan AI ‘Lab’ to Counter Hostile State Threats

UK spies are stepping up efforts to tackle cyber and artificial intelligence threats from hostile foreign states, including the sort of online manipulation that helped foment rioting across the country in the past 10 days. GCHQ, the UK’s national security …

Swiss-Based Engineering Firm Schlatter Says IT Network Affected by Cyberattack

Schlatter Industries’ network was attacked with malware on Friday and it can be assumed this was a professional attack, the Switzerland-based company said on Monday. The group was hit on Friday by a cyberattack using malware, and the unknown perpetrators …

Sica Fletcher Index: Agency-Broker M&A Down Slightly in First Half 2024

The 22 acquirers that make up the Sica Fletcher Index were involved in 242 agent-broker deals in the first six months of 2024, totaling $635 million in revenue. That is a 45% drop in revenue from what was acquired during …

SEC Sues Over Alleged $650 Million Global Crypto Fraud

The U.S. Securities and Exchange Commission on Monday sued the cryptocurrency company NovaTech and its married co-founders, saying they fraudulently raised over $650 million from more than 200,000 investors worldwide, including many Haitian-Americans. NovaTech and co-founders Cynthia and Eddy Petion …

Employer’s Clinic May Not be Protected by Workers’ Comp Remedy, SC Court Says

The South Carolina Court of Appeals has signaled that employers who offer on-site health clinics may not be immune from tort claims from injured or sickened workers. It’s the latest twist to a question that has bounced around courts and …

Prompted by Mass Shooting, Maine Implements New Gun Safety Laws

With eleventh hour guidance from the state, Maine gun retailers on Friday began requiring a three-day wait period for gun purchases under one of the new safety laws adopted following the state’s deadliest mass shooting. Maine joined a dozen other …

People Moves: Embroker Appoints Lea Chief Insurance Officer, Malm to COO; Ryan Specialty Promotes Lentz to President of RT Specialty High Net Worth

Embroker, headquartered in San Francisco, appointed Andrew (Andy) Lea chief insurance officer and promoted Kristy Malm to chief operating officer. Lea mas more than two decades of insurance experience. Beginning his career in insurance as an underwriter, he later served …

OSHA Says Alleged Fall Hazards Could Cost Adidas in New York Nearly $400K

Federal workplace safety officials say that Adidas America Inc. – maker of one of the world’s best-selling sneakers – faces almost $400,000 in penalties for allegedly continuing to ignore federal workplace safety standards. The Occupational Safety and Health Administration (OSHA) …

Residents in Alaska Capital Clean up Swamped Homes After Ice Dam Burst and Unleashed a Flood

In her yard under the blazing sun, Debbie Penrose Fischer leafed through a water-logged cookbook with sentimental value that she hoped to salvage but doubted she could. Nearby, friends helped carry boxes out of her family’s garage, which was inundated …

Court, Not Board, Must Decide If Insurer Was Negligent After Canceling Policy

Claims that a workers’ compensation insurer acted with negligence after it canceled a policy are for a court, not the state’s workers’ compensation board, to decide, the Connecticut Appellate Court has ruled. Liberty Mutual Insurance Co. had succeeded before both …