Yearly Archives: <span>2023</span>

Arthur J. Gallagher & Co. Acquires Illinois’ Hunt Insurance Agency

Arthur J. Gallagher & Co. announced the acquisition of Palos Heights, Illinois-based Hunt Insurance Agency, Inc., dba Hunt Insurance Group. Terms of the transaction were not disclosed. Hunt Insurance Group is a retail property/casualty agency specializing in labor unions and …

Florida Trial Lawyer State Rep Offers Condo ACV Bill as a Solution to Costs

A bill introduced by a Democrat and trial attorney would take a step toward something that property insurers have longed for in recent years – actual cash value coverage on roofs, at least condominium roofs. State Rep. Hillary Cassel, D-Dania …

People Moves: DUAL Europe Taps Hiscox’s Hervé to Launch and Lead French Unit; Chubb’s Overseas General Insurance Names Spagnoli as Head of Consumer Lines

This edition of International People Moves details appointments at DUAL France and Chubb’s Overseas General Insurance unit. A summary of these new hires follows here. DUAL Europe Taps Hiscox’s Hervé to Launch and Lead French Unit DUAL Europe, the specialist …

GEICO Charges New York Pharmacy, Medical Clinics With $3.7M in Prescription Fraud

Insurance company GEICO has filed suit against a New York pharmacy and five medical clinics and their owners alleging they perpetrated a fraudulent scheme under the New York no-fault auto insurance system by submitting more than $3.7 million in fraudulent …

SEC Says Its Binance Case Should Advance Despite DOJ Settlement

The Securities and Exchange Commission says Binance Holdings Ltd.’s recent $4.3 billion settlement with the Justice Department and other US authorities bolsters its own case against the world’s biggest crypto exchange. Despite not being part of the agreement, the SEC …

One80 Intermediaries: Pioneering the Point-of-Sale Insurance Landscape

The seamless inclusion of insurance coverage within the point of sale (POS) experience is emerging as a critical development within the insurance industry. Embedded insurance, often referred to as POS insurance, is rapidly establishing itself as a fundamental element in …

UK to Probe Unilever’s Environmental Claims as Part of Greenwashing Crackdown

Britain’s competition watchdog said on Tuesday it would scrutinize environmental claims made by UK consumer goods giant Unilever about certain household essential items, amid a wider crackdown on greenwashing. The Competition and Markets Authority (CMA) said it is seeking to …

California Faces Record $68B Budget Deficit, Legislative Analyst Says

California is facing a record $68 billion budget deficit, state officials announced, forcing hard choices for Democratic Gov. Gavin Newsom in his final term as he works to build his national profile. The nation`s most populous state, with an economy …

Ukraine’s Top Mobile Network Operator Hit by Biggest Cyber Attack of War to Date

Ukraine’s biggest mobile network operator said it hoped to restore operations by Wednesday after coming under what appeared to be the largest cyberattack since Russia launched its war on the country in February 2022. Tuesday’s attack on Kyivstar, which has …

How Cybercriminals Are Using Wyoming Shell Companies for Global Hacks

Somali reporter Abdalle Ahmed Mumin was doubly distressed when he heard that a colleague had been abducted by masked gunmen at the University of Mogadishu on the morning of Aug. 17. A fellow journalist was missing and Mumin – the …