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Settlement Blocks New Federal Fracking Leases in California

Leasing for new oil and gas drilling on federal land in central California is temporarily blocked under a settlement announced this week between the state and the U.S. Bureau of Land Management. The deal, which still needs court approval, centers …

People Moves: Beazley Realigns to Bolster N.A. Commercial Property; Fusion Hires M&A VP From AXA XL; Promotions at Distinguished Programs

Beazley strengthens its North American Commercial Property offering Beazley said it restructured its large commercial property division along with its Canadian and E&S property teams to create a single North American commercial property team. Four new regional leaders have been …

Robinhood Crypto to Pay New York $30M for Cybersecurity, Anti-Laundering Violations

Robinhood Crypto will pay a $30 million penalty to New York State for “significant failures” in its anti-money laundering obligations and cybersecurity compliance, according to the state’s financial services regulator. According to Superintendent of Financial Services Adrienne A. Harris, the …

How Should Insurers Be Thinking About Digital Privacy Post-Roe v. Wade?

The U.S. Supreme Court’s June overturning of the 1973 Roe v. Wade decision protecting women’s constitutional right to an abortion has brought with it reports of growing digital privacy concerns. Most of the concerns center on individuals’ collected data due …

BHSI Hires Liberty Specialty’s Ferrari as Head of Transactional Liability in Australasia; AM Best Appoints Curtis for Market Development, Asia-Pacific Region

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance and AM Best. A summary of these new hires follows here. BHSI Hires Liberty Specialty’s Ferrari as Head of Transactional Liability in Australasia Berkshire Hathaway Specialty Insurance …

Brown & Brown Completes Acquisition of Specialist Wholesale Broker BdB

Brown & Brown Inc., the Daytona Beach, Fla.-based broker, announced the completion of the previously announced acquisition of the general insurance operating companies of BdB Limited. Financial details of the transaction were not disclosed. Formed in 1993, BdB Limited is …

Lloyd’s Insurer Hiscox to Provide Insurance for Ukraine Grain Shipments

Hiscox is committed to a planned insurance consortium providing cover for ships traveling through a safe passage from Ukraine, its chief executive said on Wednesday, as the Lloyd’s of London insurer shares plunged on a first-half loss. The first grain-carrying …

Europe’s Rhine River on Brink of Becoming Impassable as Water Levels Drop

Water levels on the Rhine River are set to fall perilously close to the point at which it would effectively close, putting the trade of huge quantities of goods at risk as the continent seeks to stave off an economic …

Landfills Soon Could Be Inundated With Thousands of Wind Turbine Blades: Study

A new study led by the University of South Australia indicates tens of thousands of wind turbine blades will end up in landfills by the end of the decade unless end-of-life programs are established soon. The study, led by Professor …

N. Koreans Steal LinkedIn Resumes to Get Remote Work at Crypto Firms: Researchers

North Koreans are plagiarizing online resumes and pretending to be from other countries to get remote work at cryptocurrency firms to aid illicit money-raising efforts for the government, cybersecurity researchers say, following a U.S. warning on a similar scheme in …

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