Monthly Archives: <span>July 2023</span>

Rutgers, Stony Brook Among Colleges Warning of Data Exposure From MOVEit Hack

The ongoing cyberattack exploiting MOVEit file-transfer software has taken a toll on US colleges and universities. At least 30 institutions have been notified that personal information of students and employees may have been exposed through vendors — including the Teachers …

Markets/Coverages: Insurtech Loadsure Launches Ocean Cargo, Stock Throughput Cover

Insurtech Loadsure announced the launch of digital ocean cargo and stock throughput insurance products: “Danube – Dynamic Ocean Cargo Insurance” and “Huron.” Loadsure described the products as “powerful tools for brokers, who will be able to quote cost-effective annual cover …

Firms With Flexible-Work Policies Hire Faster Than Those Fully in Office: Research

Companies with flexible in-office policies are hiring faster than those that have fully returned to pre-pandemic attendance rules. But landing a flexible job still comes with challenges. New research from Scoop Technologies Inc., which advises organizations on how to coordinate …

The Hanover Insurance Group Estimates Q2 Catastrophe Losses of $262 Million

The Hanover Insurance Group Inc. announced a preliminary estimate for second quarter catastrophe losses of approximately $262 million, before taxes, or 18.5 points of net earned premium. Second quarter catastrophe losses stemmed from 19 convective storms across multiple states, with …

UK Support to Rejoin EU Passes 50% for 1st Time Since Brexit

More than half of Britons would vote to rejoin the European Union for the first time since the nation opted to leave the bloc seven years ago, YouGov polling showed. Some 51% of Britons told the polling company that they …

Black Sea Threats Escalate as Ukraine Warns on Russian Ships

Ukraine said any ships heading to Russian ports may be military targets, a tit-for-tat response to a threat from Moscow that escalates the war’s risk to global food markets. Since Moscow halted the Black Sea agreement that allowed Ukraine to …

FTX Sues Bankman-Fried, Others to Recoup More Than $1 Billion

FTX Trading on Thursday sued founder Sam Bankman-Fried and other former executives of the cryptocurrency exchange, seeking to recoup more than $1 billion they allegedly misappropriated before FTX went bankrupt. The complaint filed in Delaware bankruptcy court also names as …

Ukraine Grain Now Relies on a River That’s Drying in the Drought

The threat of Russian aggression towards Ukraine’s Black Sea ports and ships will force the country to export its enormous quantities of grain by river, road and rail — all of which are fraught with challenges. After exiting the Black …

Federal Court Orders Former Insurety Capital CEO to Pay $9M for Self Dealing

A federal court in Florida has ordered the former CEO of an insurance industry finance company to pay almost $9 million, plus interest and attorney fees, to his former firm after he engaged in self-dealing and failed to disclose his …

Direct Connection in California Acquires Education Provider FastrackCE

Direct Connection Advertising & Marketing in California acquired FastrackCE, a state-approved provider insurance continuing education courses. With the acquisition, Direct Connection will now service existing and future FastrackCE customers. FastrackCE is a service for fulfilling insurance CE requirements in 34 …