R&Q Warns Its Financial Stresses Could Hit Business Stability and Lead to Liquidation June 13, 2024 By L.S. Howard R&Q Insurance Holdings Ltd. warns it is facing growing financial difficulties, which could affect the “company’s stability as a business”...
Survey: US Business Owners Seek More Insurance Coverage as AI, Election Risks Loom June 13, 2024 Artificial intelligence and U.S. election have emerged as significant risks to businesses this year with an overwhelming 80% of owners...
Insurance Broker Witness at Menendez Bribery Trial Faced Tough Cross-Examination June 13, 2024 By Larry Neumeister The prosecution’s prized turncoat witness at the bribery trial of U.S. Sen. Bob Menendez was politely combative Tuesday as defense...
Major Defense Contractor Accused of Discriminating Against Older Workers June 13, 2024 By Michael Casey A major defense contractor was sued Tuesday over allegations that it discriminated against older workers in job ads. The lawsuit...
Specialist Risk Group’s MGA, MX, Agrees to New Long-Term Capacity Arrangement June 13, 2024 Specialist Risk Group, the London-based insurance intermediary, announced that its managing general agent, MX, has agreed to a new capacity...
Canada’s Largest School Board Targeted by Ransomware Attack June 13, 2024 By Aimee Look Canada’s largest school district is investigating a cyber incident, adding to a series of ransomware attacks that have caused disruptions...
Commodity Ship Hit by Drone Near Yemen Is Taking on Water June 13, 2024 By Verity Ratcliffe, Alex Longley and Kateryna Kadabashy A commodity carrier was taking on water after being hit by a drone near Yemen, the latest incident underscoring the...
Zombies: Ranks of World’s Most Debt-Hobbled Firms Soaring, and Not All Will Survive June 13, 2024 By Bernard Condon They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival,...
Most US Drivers Support Anti-Speeding Technology in Vehicles: IIHS Survey June 13, 2024 More than 60% of the drivers in the United States would find it acceptable if their vehicle provided an audible...
US E&S Growth Slower in 2023; Berkshire, AIG Top Premium Rankings June 13, 2024 An analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines...