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Chubb in Advanced Bancassurance Talks With Hong Kong’s Hang Seng Bank: Sources

Chubb Ltd. is in advanced talks to form an insurance partnership with Hang Seng Bank Ltd., a Hong Kong-based lender majority owned by HSBC Holdings Plc, according to people familiar with the matter. The parties are hammering out the details …

Mexico Struck by Powerful 7.5 Magnitude Earthquake on Fateful Anniversary

MEXICO CITY – A magnitude 7.6 earthquake struck western Mexico on Monday on the anniversary of two devastating temblors, killing at least two people, damaging buildings, knocking out power and sending residents of Mexico City scrambling outside for safety. Two …

Uber Says Lapsus$-Linked Hacker Responsible for Breach

Uber Technologies Inc said on Monday a hacker affiliated with the Lapsus$ hacking group was responsible for a cyber attack that forced the ride-hailing company to shut several internal communications temporarily last week. Uber said the attacker had not accessed …

U.S. States Ask Appeals Court to Reinstate Facebook Lawsuit

A big group of U.S. states, led by New York, argued to an appeals court Monday that it should reinstate an antitrust lawsuit against Meta’s Facebook because of ongoing harm from the company’s actions and because the states had not …

Weachter Agency in Tampa Joins Renaissance Alliance

Tampa-based Rip Weachter Insurance agency has become part of the Renaissance Alliance, a rapidly growing national network of independent agencies. Rip Weachter, founded in 1989, offers personal lines, commercial lines, contractors’ liability, workers’ compensation and cyber insurance coverage, the companies …

Smart Choice Makes Tennessee Agency Its 22nd Acquisition

Smart Choice, a network of independent agents, has acquired Carriage Hill Insurance, an agency in Tennessee. The agency has $4 million in annual revenue, with offices in Lenoir City, Oak Ridge, Brentwood and Athens, Tennessee. The owner, Todd Henderson, now …

Trial Lawyers Back Republican in Florida House Race, Insurers Favor Democrat

In a twist of fate and a sign of the times, some Florida business groups are backing the Democrat in a state House race in the Tampa area, while trial lawyers are putting their weight behind the Republican challenger. The …

Virginia Commonwealth University Reaches Settlement With Hazing Victim’s Family

Virginia Commonwealth University will pay nearly $1 million to the family of a young man who died after a 2021 fraternity hazing incident as part of a recent settlement agreement. The agreement with the family of Adam Oakes also requires …

Basketball Hall of Fame and Chubb Insurer Hit the Court Over D&O Coverage

The Basketball Hall of fame (BHoF) is suing Chubb Group subsidiary Federal Insurance Co. to have the insurer defend and indemnify it in a case accusing it of attempting to unlawfully secure funds for renovations to its facility. In 2019, …

UConn to Pay Former Basketball Coach Additional $3.9M Over Firing

UConn announced last Thursday it has agreed to pay former men’s basketball coach Kevin Ollie another $3.9 million to settle discrimination claims surrounding his 2018 firing. The money is in addition to the more than $11.1 million in back salary …

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