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

Markets/Coverages: Coalition Launches Active Cyber Insurance in Quebec

Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced its cyber insurance and technology errors and omissions (E&O) insurance offerings are now available in Quebec. Brokers can receive highly streamlined quotes for small businesses to large enterprises, …

NIP Group Launches UtilityPro®: A New National Insurance Program for Utility Contractors

WOODBRIDGE, NJ, July 11, 2023 — NIP Group, a specialized insurance and risk intermediary, is proud to announce the development of UtilityPro® a new national insurance program tailored specifically for utility contractors. This program aims to support and empower utility …

1 Dead, 15 Injured After SUV Traveling Wrong Way Collides With Bus in Chicago

CHICAGO (AP) – An SUV traveling the wrong way along a Chicago lakefront road collided with a city bus Sunday morning, killing one of the SUV`s passengers and injuring 15 other people, authorities said. A man was driving a Dodge …

Former VW Executives Ordered to Testify in Investor Lawsuit

A German court will call former Volkswagen AG executives as witnesses in a €9 billion ($9.8 billion) investor lawsuit over the diesel emissions scandal to find out what the top brass knew about the the so-called defeat device used in …

What’s Next for Ant Group After its Nearly $1B Fine?

The announcement of a nearly $1 billion fine by Chinese regulators on Ant Group has drawn a line under the fintech giant’s woes and given hope to investors that a regulatory crackdown on China’s broader technology sector is over. Ant’s …

UK Pension Funds Back Next Phase of Post-Brexit Shakeup in City of London

Aviva, Legal & General and seven other pension firms intend to invest 50 billion pounds ($64 billion) in unlisted companies by 2030 to help the City of London remain a competitive global finance center after Brexit, finance minister Jeremy Hunt …

Insurance Claims From French Riots Rise to $716 Million

Some 11,300 claims for damages from riots in France had been filed as of July 7 for a total cost of €650 million ($716 million), the insurers federation said in a statement Tuesday. The number of claims has doubled compared …

Russia-Linked Oil Tanker Fleet Vanishes Even Faster Than It Grew

A fleet of tankers that sprouted up out of nowhere to keep Russia’s oil moving has disbanded even faster than it emerged, underscoring the challenges involved in keeping track of who’s helping Moscow to get its petroleum to buyers around …

Kansas Plumbing Company Fined $333K After Trench Collapse

In a trench 9 feet below the surface, a worker employed by Precision Plumbing LLC was connecting a plumbing line to the municipal sewer in Salina, Kansas in January when he was buried under dirt and rocks after a trench …

Judge Throws Out Lawsuit Seeking Reparations for the 1921 Tulsa Race Massacre

An Oklahoma judge has thrown out a lawsuit seeking reparations for the 1921 Tulsa Race Massacre, dashing an effort to obtain some measure of legal justice by survivors of the deadly racist rampage. Judge Caroline Wall on Friday dismissed with …