National News

Hackers Grow More Sinister and Brazen in Hunt for Bigger Ransoms

A hack on a London hospital has left hundreds of millions of health records exposed and forced doctors to reschedule life-altering cancer treatments. In North America, a gang tried auctioning off data about LendingTree Inc. customers after finding credentials in …

Zurich to Buy AIG’s Travel Insurance Business for $600 Million

Zurich early Wednesday said it is purchasing the global personal travel insurance business of American International Group (AIG) for $600 million. The deal, according to Zurich, may include an additional payment if specific targets are met after the sale, which …

Food Safety Regulators Expand Bird Flu Testing in Milk Products

The U.S. Food and Drug Administration has begun testing more dairy products for evidence of the bird flu virus as outbreaks spread among dairy herds across the country. More than 120 dairy herds in 12 states have tested positive for …

People Moves: Aon’s Mann, Trombino and Younger Join WTW Financial Institutions Team; Former Fortitude CEO Bracken Hired as Zurich NA CFO

WTW appointed three former Aon executives to roles within its financial institutions and professional services industry division, a part of Corporate Risk and Broking (CRB) North America. Heather Mann, based in Miami, joins WTW from Aon, where she spent the …

GEICO Tops Progressive With Higher J.D. Power Scores

Although Berkshire Hathaway’s Warren Buffett and Ajit Jain told investors last month that GEICO is playing catch-up with Progressive to improve technology and connect rate to risk, Berkshire’s personal auto insurer still surpasses Progressive on customer satisfaction. According to the …

CDK Tells Customers Dealer System Likely Down Until June 30

Car dealerships crippled by a cyberattack on software provider CDK Global probably won’t have their systems restored until the end of the month. In a message to clients Tuesday, CDK warned dealerships that because the outages could persist until June …

BlackSuit Cybercrime Gang Blamed in CDK Hack That Roiled Car Dealers

A hacking group called BlackSuit is behind the cyberattack on CDK Global that’s paralyzed car sales across the US, according to Allan Liska, a threat analyst at the security firm Recorded Future Inc. The cybercrime group has demanded an extortion …

US Judge Skeptical of Biden Overtime Pay Rule

A federal judge in Texas on Monday seemed likely to stop a Biden administration rule that would extend mandatory overtime pay to 4 million U.S. workers from taking effect, but was unsure whether he could block it nationwide or only …

Ford Recalls 668,000 2014 F-150 Pickup Trucks Over Transmission Issue

Ford Motor said Tuesday it is recalling 668,000 F-150 pickup trucks worldwide from the 2014 model year because vehicles can unexpectedly downshift into the first gear causing a loss of driver control or rear-wheel lockup. A loss of signal can …

Business Moves: Broker PCF Makes 4 Acquisitions in 4 States

Broker PCF Insurance Services continued its recent buying spree with the purchase of four insurance businesses in North Carolina, Pennsylvania, Mississippi, and Iowa. “At PCF Insurance, we are committed to accelerated and strategic expansion through M&A—not to be confused with …

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