National News

Hamilton Insurance Group Files IPO Registration With SEC

Hamilton Insurance Group Ltd., the Bermuda-based special re/insurer, announced it has filed a registration statement with the US Securities and Exchange Commission, relating to a proposed initial public offering of its common shares. Hamilton intends to apply to list the …

Markets/Coverages: Green Shield Introduces Specialty Homeowners Platform With INSTANDA

Chicago-based Green Shield Risk Solutions has announced the introduction of its specialty homeowners insurance platform built with INSTANDA. Brought to market in just over 90 days, the platform enables quoting, binding and management of affluent homeowners’ insurance in catastrophe-prone states. …

Major Cyber Attack Could Cost Global Economy $3.5 Trillion: Lloyd’s

A cyber attack on a major financial services payments system could result in widespread business disruptions, potentially costing the global economy $3.5 trillion over a five-year period, according to research from Lloyd’s and the Cambridge Centre for Risk Studies. While …

NHTSA Probes Pedestrian Risks at GM’s Self-Driving Unit Cruise

U.S. auto safety regulators on Tuesday opened a probe into whether General Motors’ self-driving unit Cruise is taking sufficient precautions with its autonomous robotaxis to safeguard pedestrians. The National Highway Traffic Safety Administration (NHTSA) said it has received two reports …

Sam Bankman-Fried’s Lawyer Says FTX Investments Were Not ‘Reckless’

FTX founder Sam Bankman-Fried’s lawyer on Tuesday said the now-bankrupt cryptocurrency exchange’s investments were not “reckless and frivolous,” pushing back against testimony by a former executive who called its spending on marketing and celebrity endorsements excessive. Nishad Singh, FTX’s former …

Gallagher Acquires International Broker Clements Worldwide

Global insurance broker Arthur J. Gallagher & Co. announced the acquisition of Washington, D.C.-based Clements Worldwide. Clements is an international insurance broker serving expats, diplomats and military personnel as well as offering commercial coverages for nonprofits, contractors, embassies and schools. …

Private Health Data Still Being Exposed to Big Tech, Report Says

Despite recent efforts to address the issue, medical-related websites continue to be mined for data including personal medical information, in an apparent violation of patients’ privacy rights, according to a new study. Some of the most common tracking pixels were …

People Moves: Bohm Head of US Capital Advisory at BMS Group; NIP Group Names Lindemann General Counsel; Stoik to Head Ascot Marine

BMS Group Appoints Andras Bohm as Head of U.S. Capital Advisory BMS Group announced the appointment of Andras Bohm as the head of its U.S. capital advisory business and the CEO of BMS Capital Advisory, Inc. (BMS Groups’ U.S. broker-dealer). …

College Athletes Are Fighting for a Cut of Billions Generated in Media Rights Deals

At a reception attended by several university presidents in Manhattan, Arizona State President Michael Crowe was asked to ponder a not-too-distant future where Sun Devils football and basketball players get a cut from the billions of dollars their sports generate …

NHTSA Fines Zipcar for Uncompleted Recall Rentals

U.S. auto safety regulators said Oct. 16 that car-sharing firm Zipcar has agreed to pay a $150,000 fine after a government investigation found it allowed customers to rent vehicles with uncompleted recalls. Zipcar could be forced to pay another $150,000 …

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