National News

MMC Acquisition of JLT on Track to Close in Spring

Marsh & McLennan Cos.’ $5.6 billion acquisition of Jardine Lloyd Thompson Group is on track to close this spring. MMC CEO Dan Glaser, who described the deal as one of “strength on strength,” told analysts today that the transaction is …

Judge Nixes $50 Million Yahoo Email Breach Settlement

A U.S. judge rejected Yahoo’s proposed settlement with millions of people whose email addresses and other personal information were stolen in the largest data breach in history, faulting the Internet services provider for a lack of transparency. In a Monday …

FEMA Renews $1.3 Billion Reinsurance Program with 28 Carriers

The Federal Emergency Management Agency (FEMA) has renewed for the third year a reinsurance program that transfers future catastrophic flood insurance losses to the private sector The 2019 traditional reinsurance placement for the National Flood Insurance Program (NFIP) transferred $1.32 …

Everest Launches Not-For-Profit Management Liability Policy

Everest Insurance has launched Everest Expedition Not-For-Profit Management Liability policy. The new policy form provides protection for not-for-profit organizations across all industries including charitable foundations, healthcare organizations, and educational institutions. Coverage is offered in a modular form, with eight coverage …

CIA Says China, Russia Pose Biggest Cyber Attack Threats to U.S.

Russia and China pose the biggest espionage and cyber attack threats to the United States and are more aligned than they have been in decades, the leader of the U.S. intelligence community told U.S. senators on Tuesday. While the two …

Insurtech Geared to Autonomous Vehicle Coverage Grabs $5 Million in Funding

A startup focused on rewarding drivers and fleet owners that use autonomous vehicles and semi-autonomous car safety features has raised $5 million in seed funding. California-based Avinew’s technology uses artificial intelligence and telematics to gather driving data that can tell …

Thefts, Scams of Cryptocurrencies Surge 400% to $1.7 Billion in 2018

Cryptocurrencies stolen from exchanges and scammed from investors surged more than 400 percent in 2018 to around $1.7 billion, according to a report from U.S.-based cyber security firm CipherTrace released on Tuesday. Of the $1.7 billion, the report, which looks …

What to Know About Super Bowl’s Effects on Investments and Influenza

Perhaps you’ve heard. On Feb. 3, the New England Patriots will face off against the Los Angeles Rams in the Super Bowl in Mercedes-Benz Stadium in Atlanta. There has been a little bit about it on television and online. The …

Lawsuit Alleges Marriott Failure to Protect Employee Against Guests’ Sexual Misconduct

Leticia Vallejo, a housekeeper at a Marriott hotel in Irvine, California, said that back in the summer of 2017, a drunk male guest groped her while she was cleaning the hotel lobby bathroom. As he did so, he offered her …

Lawyer Suit Says FaceTime Eavesdropped on Talks with Client

Apple Inc. was sued by a Houston lawyer who claims his iPhone inadvertently allowed an unknown person to eavesdrop on his private conversation with a client. Apple has come under fire for a bug in its iOS 12.1 iPhone software …

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