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Markets/Coverages: CFC Launches Simplified Intellectual Property Product

CFC, the London-based managing general agent and cyber specialist, announced the launch of its new simplified intellectual property (IP) product. Sector agnostic and designed for all sizes of companies from start-ups and to those with a turnover of up to …

Family Sues Over Florida Deputy’s Shooting of Airman at Apartment

The family of a U.S. airman who was shot by a Florida sheriff’s deputy inside his own home sued the deputy, the sheriff and the owner of the airman’s apartment complex on Tuesday, saying they want to ensure people are …

Zurich Insurance P/C Revenue Rises in 1st Quarter; Targets Affirmed

Zurich Insurance reported higher first-quarter revenue and gross written premiums at its core property/casualty (P/C) business on Thursday, maintaining its targets despite instability in the crucial U.S. market. Europe’s third-largest insurer by market capitalization said in a statement that rate …

Update: Engineer Report Showed Clearwater Condo in Good Condition Last Fall

A recent engineering report on a 46-year-old condominium building in Clearwater found no significant structural problems before cracks were found in a concrete support column this week, according to local news reports. The Tampa Bay Times and other news sites …

Lloyd’s Promotes Chief of Markets Tiernan to CEO, Succeeding Neal

Lloyd’s, the re/insurance marketplace, announced that Patrick Tiernan has been appointed as chief executive officer by the Council of Lloyd’s, succeeding John Neal. Tiernan will begin his tenure as Lloyd’s CEO on June 1 as Neal finishes his term on …

Teenage Basketball Players Among 8 Killed in Kansas Highway Crash

Two teenage basketball players, a coach and a trainer from the Tulsa, Oklahoma, area who were on their way back from a tournament were among eight people killed in a fiery head-on highway crash in eastern Kansas. Authorities said the …

St. Louis to Pay $4M Settlement Over Conditions at Now-Closed Jail

St. Louis has agreed to pay $4 million to settle a class action lawsuit alleging that inmates at a former medium-security jail were housed in “inhumane conditions” that included rodent feces in food, infestations of bugs and snakes, and unbearable …

Hub Acquires Louisiana’s Demarie Insurance

Hub International Limited announced that it has acquired the assets of FGLP Equity Partners, LLC dba Demarie Insurance Agency (Demarie Insurance). Terms of the transaction were not disclosed. Located in Lake Charles, Louisiana, Demarie Insurance is a full-service insurance agency …

UnitedHealth Sued by Shareholders Over Reaction to Backlash From Executive’s Killing

UnitedHealth Group was sued on Wednesday for allegedly concealing how backlash from the killing of a top executive was damaging its business, causing its stock to nosedive after the insurer lowered its 2025 outlook. In a proposed class action filed …

Chairman of South Korea’s SK Group Apologizes for Massive Data Leak at SK Telecom

SK Group Chairman Chey Tae-won apologized on Wednesday for a massive data leak at South Korea’s largest mobile carrier, SK Telecom, which has caused concern among its 23 million users over the possible theft of personal and financial information. The …

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