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

Ransomware Hits Supply Chain Software Firm Blue Yonder

Blue Yonder, a provider of supply chain software to manufacturing, logistics, and retail customers said it has been working “around the clock” to address disruptions caused by a ransomware incident. Blue Yonder said it “experienced disruptions to its managed services …

Striking Charlotte Airport Workers Could Affect Travel Plans This Week

Service workers at Charlotte Douglas International Airport, one of the nation’s busiest, went on strike this week just as the heaviest travel period of the year kicks off. News outlets reported that employees with ABM and Prospect Airport Services, who …

Markets/Coverages: McGill, TMK and Convex Launch Trade Disruption Facility

McGill and Partners, the London-based global specialty insurance and reinsurance broker, has launched a new trade disruption insurance facility in collaboration with Tokio Marine Kiln (TMK) and Convex, offering limits of $95 million, led by TMK. This offering harnesses the …

EU Proposes to Sanction Chinese Firms Aiding Russia’s War

The European Union is proposing to sanction several Chinese firms that it claims helped Russian companies develop attack drones that were deployed against Ukraine. The European Commission, the EU’s executive arm, is also looking into imposing restrictions on additional Russian …

DHL Cargo Plane Crashes Near Vilnius Airport, Killing One

A DHL cargo plane flying from Germany to Lithuania crashed close to Vilnius Airport, killing a crew member and injuring three others, according to police. The Boeing 737-400, which took off from the eastern German city of Leipzig, went down …

Best Agency to Work For – West Gold Winner: Morris & Garritano

Want a simple, yet effective agency management tip for making your employees happy? Treat them like customers. That mindset stood out among comments from employees who nominated Morris & Garritano in Insurance Journal’s 2024 Best Agency to Work For survey. …

FTC, Meta Face April Trial Over Suit to Break Up Company

Meta Platforms Inc. faces an April 14 trial in the Federal Trade Commission’s long-running antitrust lawsuit to break up the company. US District Judge James Boasberg ruled Monday that the trial will take place in Washington next year. The FTC’s …

Viewpoint: As Insurance Losses Outpace Premiums, State Regulators Play a Critical Role

Along with the rising cost of living in many facets of families’ daily lives, property insurance availability and affordability continue to be a challenge across the U.S. Inflation has been persistently increasing repair, labor, and medical costs. And legal system …

Best Agency to Work For – Overall Winner: Higginbotham

It’s All in the Family at Higginbotham There’s a certain “something” about Rusty Reid that makes it clear why folks might like to work for him as chief executive and chairman of Higginbotham. He feels like a buddy, a big …

InsureTrust Names Davis EVP, Based in Nashville

InsureTrust, a cyber insurance and risk management broker within CRC Group and based in Norcross, Georgia, has named Brad Davis executive vice president. Davis will work in Nashville and will report to CRC/InsureTrust’s cyber practice leader Christian Durdaller, the company …