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Virginia Fire Displaces Dozens, Causes Nearly $300K in Damages

Two people suffered life-threatening injuries and dozens of people have been displaced after a fire broke out at a Herndon apartment building, Fairfax County fire officials said. Firefighters responded to the apartments on Park Avenue on Thursday evening and found …

Risk Strategies Acquires New Jersey’s Meeker Sharkey & Hurley

Risk Strategies, a national specialty insurance brokerage and risk management firm, acquired full-service insurance and employee benefits agency Meeker Sharkey & Hurley. Terms of the deal were not announced. Meeker Sharkey & Hurley provides consultative risk management and insurance services …

Bankruptcy Judge Ousts Boy Scouts Mediator; Extends Deadline

The judge presiding over the Boy Scouts of America bankruptcy issued a ruling Tuesday removing a former Delaware bankruptcy judge as a mediator, saying a court filing by the Boy Scouts raised questions about his impartiality. Judge Laura Selber Silverstein …

Google Sues Russians for Alleged ‘Borderless’ Organized Cyber Crime Operation

Alphabet Inc.’s Google is suing two Russian nationals it claims are part of a criminal enterprise that has silently infiltrated more than a million computers and devices around the world, creating “a modern technological and borderless incarnation of organized crime.” …

Judge Rules Goldman Sachs Must Again Face 2008 Securities Fraud Class Action

Goldman Sachs Group Inc .must again face a class action by shareholders who said they lost $13 billion because the Wall Street bank hid conflicts of interest when creating risky subprime securities before the 2008 financial crisis, a judge ruled …

Attention Young Professionals: Wholesale Insurance Is ‘Where the Magic Happens’

According to wholesale insurance executives, their segment of the property/casualty insurance industry is more exciting and fulfilling than other sectors of the industry. It’s also full of potential for young insurance professionals starting out in the current hard market and …

Rising Reinsurance Prices and Demand Help to Create Stable Sector Outlook: AM Best

AM Best is maintaining a stable market segment outlook for the global reinsurance segment, citing in part the ongoing positive pricing momentum driven by rising loss cost inflation, enhanced underwriting discipline, including tighter terms and conditions, and a growing demand …

European Gig Workers Hail ‘Landmark’ Directive to Make Them Employees

Millions of platform workers in Europe could be on their way to being designated as employees, a move that labor groups say could transform their status. The European Commission on Thursday set out new rules that would mean people working …

Canada’s CPP Investments to Sell Ascot Group, Wilton Re in Strategy U-turn: Sources

Canada Pension Plan Investment Board (CPP Investments) is seeking to sell its Wilton Re and Ascot Group insurance platforms, marking a strategic U-turn for the fund in the face of intense competition, people familiar with the matter said on Wednesday. …

These Workers Stand to Gain From Current UK Pay Surges. Time to Ask for Pay Raise?

The fastest wage gains since the 2008 global financial crisis are throwing up opportunities and obstacles throughout the UK economy, leaving workers to wonder how much they’ll ultimately benefit. Underlying wages, adjusting for distortions caused by lockdowns and the furlough …

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