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Hackers Target Key Fuel-Distribution Firms in Europe

Europe’s fuel-supply network fell victim to a cyberattack — less than a year after the biggest refined petroleum pipeline in the U.S. was halted by a hack. The situation was serious “but not grave,” the head of Germany’s information technology …

Technical Risk Underwriters Adds Wood Frame Builder’s Risk Capacity

Austin, Texas-based Technical Risk Underwriters, a Ryan Specialty Group managing general underwriter focused on construction, has secured $100 million of wood frame builder’s risk capacity, effective January 1, 2022. This newly secured wood frame capacity is offered in addition to …

Generali Asks Italian Regulators to Review of Tycoons’ Stake-Building

Assicurazioni Generali SpA requested regulators to assess whether the stakes purchased by a shareholder group including construction magnate Francesco Gaetano Caltagirone and Leonardo Del Vecchio are in compliance with insurance sector rules. Generali will ask Italian insurance regulator IVASS whether …

State Farm Charges Chiro Clinics with Fraud in Gaming Florida’s PIP Law

In a federal lawsuit filed this week, State Farm Insurance accuses a chiropractor and his string of Florida clinics of widespread fraud by regularly and falsely claiming that car accident victims needed emergency care, so that the clinics could take …

Sacklers Close to Agreement Increasing Opioid Settlement in Purdue Bankruptcy

Members of the Sackler family who own Purdue Pharma LP are nearing an agreement to boost their more than $4 billion offer to resolve sprawling opioid litigation after negotiating with states that had objected to terms of the OxyContin maker’s …

FAA Expects Addressing Safety Issues to Cause Only ‘Minimal Disruptions’ to Air Travel

The Federal Aviation Administration (FAA) is confident that aviation safety concerns about 5G C-Band deployment will be addressed “safely with minimal disruptions,” the head of the FAA will tell U.S. lawmakers on Thursday, according to testimony seen by Reuters. FAA …

M.J. Hall in California Introduces D&O, EPL and FL Cannabis Coverage

San Francisco, California-based M.J. Hall & Co. is introducing directors and officers liability, employment practices liability and fiduciary liability insurance coverages for cannabis business owners. The coverages, which began on Feb. 1, are in partnership with an A.M. Best rated …

People Moves: LP Adds Heuer; Woodruff Sawyer Names Meissner Leader of Southern California Employee Benefits

LP Insurance Services LLC named Adam Heuer and the Heuer Insurance Agency to the LP Insurance Services team. Heuer joins LP Insurance as a member/owner and will continue serving clients throughout the Sparks, Nev. community and beyond. Heuer has nearly …

Hilb Group Acquires New York’s Malvaso Agency

The Hilb Group reports it has acquired the Mark E. Malvaso Agency, building upon the company’s presence throughout New York state. The transaction became effective January 1, 2022. Based in Elbridge, New York, the Mark E. Malvaso Agency specializes in …

More Than 1,000 Flights Canceled as Winter Storm Threatens Heavy Snow, Ice

Airlines canceled hundreds of flights, governors urged residents to stay off roads and schools closed campuses as a huge swath of the U.S. braced for a major winter storm that was set to put millions of Americans in the path …

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