Spanish Airline Air Europa Hit by Data Breach of Credit Card System October 11, 2023 Spanish airline Air Europa has suffered a cyberattack on its online payment system that let some of its customers’ credit...
Oil Tanker Adrift in Indian Ocean Is Latest Reminder of Dangers of Shadow Fleet October 11, 2023 By Alaric Nightingale and Chandra Asmara A 26-year-old oil tanker that’s moving fuel for Russia drifted for two days in a busy shipping lane in the...
India Insurance Startup Raises Funds at $650 Million Valuation October 11, 2023 By Sankalp Phartiyal Indian startup InsuranceDekho has raised $60 million in Series B funding, driving the online insurance seller’s valuation to more than...
Use of Weather Derivatives Surges as Extreme Climate Events Rock the Globe October 11, 2023 By Harry Robertson Energy companies, hedge funds and commodity traders are stepping up their use of financial products that let them bet on...
Insurance Executives Paid Millions in Compensation as Rates Skyrocket: CFA Findings October 11, 2023 A new report from the Consumer Federation of America (CFA) says chief executives of insurance companies are “living high on...
Summit: Insuring Cannabis Specialists Talk Trends, Risks and Coverage Challenges October 11, 2023 By Allen Laman Unique vapes, infused cocktails and even personal hygiene items — the variety of new and emerging cannabis products is a...
75% of Small Businesses Are Underinsured, Says Hiscox Survey October 11, 2023 Small businesses may be growing their revenue, but the vast majority – 75% – are not adequately protecting themselves and...
Less Red Ink in Florida, 2 New Insurers, and Citizens Wants Commercial Take-outs October 11, 2023 By William Rabb Florida-based insurers still aren’t profitable, overall, but their net losses and underwriting losses are getting smaller. Two more property insurance...
People Moves: IOA Names Sullivan Western Division President October 11, 2023 Insurance Office of America (IOA) named Paul Sullivan western division president. Sullivan joined IOA in 2009. He was previously IOA’s...
Its Basketball Players Are Not Employees, Dartmouth College Argues October 11, 2023 By Jimmy Golen Dartmouth College lawyers argued last Thursday that the Ivy League school’s basketball players should not be considered employees because they...