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US Auto Crash Death Rate Highest in Study of Rich Countries

US death rates from motor vehicle crashes rates are the highest among 29 upper-income countries, according to a government study that adds to the country’s poor public-health record among developed nations. Annual US fatalities from car, truck and motorcycle collisions …

Luxury British Jeweler Pays $7.5 Million in Crypto Ransom to Russian Hackers

Luxury British jeweler Graff Diamonds Corp. paid $7.5 million ransom in Bitcoin to a Russian hacking gang after it leaked data on the jeweler’s high-profile clients, according to a London lawsuit. Graff, that counts Middle East royalty among its client …

New York Offers Plan for Businesses With Unpaid Workers’ Comp Premiums

Governor Kathy Hochul has signed legislation to help employers with unpaid workers’ compensation premiums regain access to coverage through the New York State Insurance Fund, the state’s largest workers’ compensation insurer. New York law requires businesses to have workers’ compensation …

The Insuring Cyber Podcast: Is Ransomware at a Turning Point?

Although reports indicate ransomware activity has been quieter than usual to start the year, experts say that likely won’t last for long. “What we see is there’s an evolution of [ransomware] changing and not just in the way that the …

People Moves: MS Amlin Names Liberty Mutual’s Baxter as Head of Reinsurance; DUAL Hires HDI’s Biemann for Cyber; Gallagher Re Taps Swiss Re’s Kreutzer for Nordic Region

This edition of International People Moves details appointments at MS Amlin, DUAL Europe, and Gallagher Re. A summary of these new hires follows here. MS Amlin Names Liberty Mutual’s Baxter as Head of Reinsurance, Deputy CUO MS Amlin Underwriting Ltd. …

Europe’s Landmark Test of Banks’ Resilience to Climate Risk Is Softer Than Expected

Europe’s landmark test of banks’ resilience to global warming was far softer than many lenders had expected, according to people familiar with the matter. Even the toughest hypothetical scenarios in the European Central Bank’s climate stress test didn’t result in …

EU Lawmakers Pass Landmark Rules to Rein In Tech Giants, but Enforcement a Concern

EU lawmakers gave the thumbs up on Tuesday to landmark rules to rein in tech giants such as Alphabet unit Google, Amazon, Apple, Facebook and Microsoft, but enforcement could be hampered by regulators’ limited resources. In addition to the rules …

Tesla Software Glitch Affects 59,000 Vehicles Globally: German Road Traffic Agency

FRANKFURT – Germany’s road traffic agency said it was recalling Tesla models Y and 3 because of a fault in the automatic emergency call system that affects 59,000 vehicles globally. The KBA watchdog said on its website dated June 29 …

Del Vecchio’s Successor Shares Same Vision for Building Generali Into European Leader

Leonardo Del Vecchio’s right-hand man was named on Monday to succeed the Italian billionaire — who died last week — as chairman of the family’s Delfin holding company. Francesco Milleri, the 63-year-old appointed on June 28 to follow Del Vecchio …

UK Travel Insurance Policies May Not Cover Flight Disruptions Due to Strikes: Report

Insurance may not save you from summer travel misery. Four in 10 policies don’t protect against strikes, the UK consumer watchdog Which? reported in its annual review. If your airline goes bankrupt, only half will refund your holiday costs. The …

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