Specialist Risk Group, the London-based insurance intermediary, announced that its managing general agent, MX, has agreed to a new capacity agreement with program manager Accredited Insurance (Europe) Ltd. (AIEL). AIEL is supported by a panel of “A” rated reinsurers, said …
Canada’s largest school district is investigating a cyber incident, adding to a series of ransomware attacks that have caused disruptions to companies and public institutions in the country. The Toronto District School Board alerted parents Wednesday in an emailed letter, …
A commodity carrier was taking on water after being hit by a drone near Yemen, the latest incident underscoring the dangers of sailing through the Red Sea region. The UK Navy said Wednesday that a ship was hit by a …
They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying …
More than 60% of the drivers in the United States would find it acceptable if their vehicle provided an audible and visual warning when they exceeded the posted speed limit, a survey by Insurance Institute for Highway Safety showed on …
An analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market has slowed since a peak growth rate of 32.3% recorded in 2021. In 2023, growth remained robust—and up in …
Rocket maker SpaceX and its CEO Elon Musk were sued on Wednesday by eight engineers who say they were illegally fired for raising concerns about alleged sexual harassment and discrimination against women. The engineers—four women and four men—claim Musk ordered …
Liberty Mutual Insurance this week should complete $5.2 million in refunds, premium credits and interest payments to more than 46,000 auto insurance policyholders in Florida, the result of a market conduct examination done months after a use-and-file rate was approved, …
For two decades, a California law has helped workers sue the world’s biggest companies. Drivers for Uber Technologies Inc. won a $20 million settlement, Google employees secured $27 million over complaints of free-speech violations, and Walmart Inc. agreed to pay …
Alameda County District Attorney Pamela Price’s Consumer Justice Bureau has sued multiple home insurance carriers in California, including Farmers Insurance Exchange, alleging they’re operating a scheme that knowingly and systematically underinsures homes in California. The complaint alleges these carriers provide …
