Ransomware Criminals Are Dumping Kids’ Private Files Online After School Hacks July 7, 2023 By Frank Bajak, Heather Hollingsworth and Larry Fenn The confidential documents stolen from schools and dumped online by ransomware gangs are raw, intimate and graphic. They describe student...
Two New Jersey Firefighters Died Battling Fire on Cargo Ship Carrying 5,000 Cars July 7, 2023 Two firefighters were killed battling a blaze that began when cars caught fire deep inside a cargo ship carrying 5,000...
Ukraine Finance Chief Sees Urgent Need for War-Risk Insurance July 7, 2023 By Maria Tadeo and Volodymyr Verbyany Ukraine’s wartime defense spending will remain high next year, underscoring the need for allies to provide war-risk insurance to help...
Siemens Energy’s Turbine Troubles Rattle Wind Sector July 7, 2023 By Christoph Steitz and Nina Chestney Siemens Energy’s disclosure of quality issues in its newer wind turbine models has exposed broader challenges in a sector suffering...
World Insurance Buys Schlegel & Schlegel Brokers on Cape Cod July 7, 2023 Insurance broker World Insurance Associates announced that it acquired the business of Schlegel & Schlegel Insurance Brokers Inc. of West...
90 Vermont Schools Sue Monsanto Over Toxic PCB Contamination of Buildings July 7, 2023 By Lisa Rathke Dozens of Vermont school districts have sued chemical giant Monsanto over toxic contamination in educational buildings from now-banned industrial chemicals...
Generali Buys U.S. Asset Manager Conning Under Deal With Cathay Life July 7, 2023 Generali has agreed to buy Connecticut-based asset manager Conning Holdings as part of a partnership with Cathay Life, a unit...
Update: China Ends Ant Group’s Regulatory Revamp With Fine of $984M July 7, 2023 By Julie Zhu and Jane Xu Chinese authorities announced on Friday a 7.12 billion yuan ($984 million) fine for Ant Group, ending a years-long regulatory overhaul...
Viewpoint: What Role Could Insurance Premium Finance Have Played in Recent Bank Failures? (Part 2) July 7, 2023 By Bill Villari The longer the maturity and the lower the coupon, the more sensitive the note/bond price is to changes in interest...
As Ukraine Grain Deadline Approaches, Pact Is Already Nearly Broken July 7, 2023 By Megan Durisin and Áine Quinn Global leaders are racing to salvage an international deal to allow Ukraine’s grain shipments by sea before it expires in...