Daily Archives: <span>December 22, 2017</span>

Hackers Target SWIFT Payments System at Russia’s Globex Bank

Hackers tried to steal 55 million roubles ($940,000) from Russian state bank Globex using the SWIFT international payments messaging system, the bank said on Thursday, the latest in a string of attempted cyber heists that use fraudulent wire-transfer requests. Globex …

China’s Ride-Hailing Firm Didi Raises $4B to Expand Overseas, Challenging Uber

Chinese ride-hailing firm Didi Chuxing Technology Co. on Thursday said it has raised $4 billion in funds earmarked for expansion overseas and into areas such as artificial intelligence (AI), as it looks to challenge Uber Technologies Inc. The fundraising values …

Starr Int’l Insurance Philippines Branch Names Ex-Ambassador Cuisia as Chairman

Starr Cos. announced the appointment of Ambassador Jose L. Cuisia Jr. as chairman of Starr International Insurance Philippines Branch, a branch of Starr International Insurance (Asia) Ltd., a company established and licensed to write general insurance in Hong Kong. Cuisia …

Integro Insurance Brokers Hires Feron to Marine Practice in New York

Integro Insurance Brokers, an international broker and risk management firm, has hired Stephen Feron as a senior vice president in its marine practice. Based in New York, Feron will be responsible for the delivery of Integro’s Marine Cargo services, developing …

IICF Northeast Division Raises Over $1.2M at 11th Annual New York Benefit Gala

The Northeast Division of the Insurance Industry Charitable Foundation (IICF), a nonprofit organization working with the insurance industry to help communities, raised more than $1.2 million at its annual charitable gala on December 13 in New York City. The money …

Maryland’s Frederick Mutual Insurance Company Hires Collins

Frederick Mutual Insurance Company has appointed Shad Collins as senior vice president and chief information officer. Collins has relocated to the company’s headquarters in Frederick, Maryland, to take on his new role. He has more than 30 years of experience …

Prosecutors Can Try to Reinstate Charges in 2015 Amtrak Wreck in Pennsylvania

The fight to reinstate criminal charges against the engineer in a deadly 2015 Amtrak derailment in Philadelphia will carry over into next year. A judge on Wednesday told prosecutors she will review Brandon Bostian’s case, and she set a hearing …

Speaker Vos: Passage of Wisconsin Workers’ Comp Bill Doubtful

A bill that would add a fee schedule for medical care to Wisconsin’s workers compensation law appears to be dead on arrival in the state Assembly. Speaker Robin Vos said there is no consensus among Republicans about the measure that …

Florida Residential Property Insurer Approved to Do Business in Arkansas

Arkansas Insurance Commissioner Allen Kerr has granted a Certificate of Authority to a Florida insurer to begin selling residential property insurance products in Arkansas. Gainesville, Fla.-based Tower Hill Signature Insurance Co. (THS) was formed in 2006 and currently writes residential …

North Dakota Insurance Department, VA Helping Veterans with Exam Fees

North Dakota Insurance Commissioner Jon Godfread says veterans who have taken or plan to take any of the nine North Dakota insurance producer exams after June 1, 2017, qualify to be reimbursed for their exam fee through a partnership between …