Specialist insurer Hiscox announced the appointment of Isha Patel to head of Direct Commercial within Hiscox UK. Patel joined Hiscox in 2013 and since then her experience has spanned operations, finance and sales with roles in both the Hiscox Retail …
Credit Suisse Group AG froze four more funds that invested in the bank’s $10 billion supply chain finance strategy, adding to the widening scandal surrounding the bank’s exposure to Lex Greensill’s failed empire. The additional funds have about $1.2 billion …
The New York Department of Financial Services’ (DFS) Cybersecurity Division issued a March 9 letter to regulated entities regarding the recent Microsoft Exchange breach in which thousands of organizations were compromised via vulnerabilities in the Microsoft Exchange servers. On March …
The owners of a former Christian reform school for girls in southwest Missouri are charged with more than 100 counts alleging they sexually, emotionally and physically abused girls for years. Sixteen former residents of the Circle of Hope Girls Ranch …
Heavy snow and high winds in northeastern Minnesota left hundreds without power and caused hazardous travel conditions while the southeastern region of the state experienced rain, large hail and tornado warnings. The St. Louis County Sheriff’s Office said slippery conditions …
Two new lawsuits filed in Marion County, Ore., seek more than $1 billion in damages from Pacific Power, claiming the utility’s negligence led to wildfires in the Santiam Canyon last year. The two lawsuits filed Wednesday represent over 100 people …
Ransom-seeking hackers have begun taking advantage of a recently disclosed flaw in Microsoft’s widely used mail server software, the company said early Thursday – a serious escalation that could portend widespread digital disruption. The disclosure, initially made on Twitter by …
The Machinists Union is providing more than $61,000 to help a shipbuilder recover from a gruesome injury at Bath Iron Works. Garrett Bailey was injured on Jan. 23, and the contributions came from a collection from Machinists Local S6 and …
Some serious money has been sent the way of various insurance startups over the past week. Investors backed cutting-edge commercial lines and cyber insurance products as well as advances in texting communications, producer management and licensing compliance, and digital risk …
The MEMIC Group, a Portland, Maine-headquartered workers’ compensation insurance specialty carrier, has promoted Jeffrey Funk to the title of president of the Eastern region. In this role, Funk will oversee the underwriting and marketing team for East coast states stretching …
