Monthly Archives: <span>July 2021</span>

What Insurers Should Know as Ransomware Takes Center Stage

Cyber criminals aren’t just stealing passwords and data. They’re stealing the spotlight. Amid the ongoing COVID-19 pandemic that has been a global focus since government shutdowns began in March of last year, insurers and businesses all over the world are …

Verizon, Huawei Reach Patent Infringement Settlement as Trial Underway

Chinese telecommunications company Huawei Technologies Co. Ltd. and U.S. group Verizon Communications agreed to settle a pair of lawsuits alleging patent infringement, the companies both said on Monday. The confidential settlement came days into a trial that opened in one …

Judge Dismisses Alabama Candidate Moore’s $95M Suit Against Comedian, Showtime

British comedian Sacha Baron Cohen on Tuesday won the dismissal of a $95 million defamation lawsuit by Roy Moore, a former U.S. Senate candidate from Alabama who claimed he was tricked into being portrayed falsely as a sex offender on …

Ransomware Gang REvil’s Websites Vanish; Reason Unknown

Websites run by the ransomware gang REvil suddenly became unreachable on Tuesday, sparking widespread speculation that the group had been knocked offline. The Russia-linked cybercrime ring has collected tens of millions of dollars in ransom payments in return for restoring …

IGI Launches European Subsidiary in Malta, Led by Mallia-Milanes from MAPFRE

International General Insurance Holdings Ltd. (IGI) announced it has set up a European subsidiary in Malta in order to access business across Europe. International General Insurance Co. (Europe) SE (IGI Europe), a subsidiary of Bermuda-based International General Insurance Co. Ltd., …

Marsh Launches Saudi Arabia Engineering Hub

Insurance broker Marsh announced the launch of its Engineering Hub in Al-Khobar, Saudi Arabia. The Engineering Hub is Marsh’s third in the Middle East and Africa (MEA) region along with existing hubs in Abu Dhabi and Dubai. The hub will …

UK Government’s Safety Plan for High-Rise Buildings Could Push Away Investors: Aviva

Aviva Plc, the UK insurer and asset manager, warned the government that new safety proposals for high-rise apartment blocks could steer institutional investors away from the residential property market. The company last year urged the government to consider how its …

South Africa Develops Public-Private Scheme to Provide Drought Insurance for Farmers

JOHANNESBURG – Happy Letsitsa hasn’t paid off the money he borrowed to survive a 2019 drought that ravaged his maize and sunflower farm in the South African province of Free State. He has no drought insurance. If rains fail again, …

Mega IPO Planned for India’s Biggest Insurer

India approved the sale of shares in state-run insurer Life Insurance Corp. of India, a key step in moving ahead with the mega-listing. The cabinet committee on economic affairs cleared the initial public offering proposal, according to Disinvestment Secretary Tuhin …

How Zoom and ‘Quarantine 15’ Created Perfect Storm for Soft Tissue Injuries: Viewpoint

In a normal year, work-related musculoskeletal disorders (MSDs), also known as soft tissue injuries, account for roughly 34% of lost work-days in the U.S. and one-third of the dollars spent on workers compensation claims. But this was anything but a …