July 1, 2021
A landmark trial targeting multiple opioid manufacturers and distributors opened Tuesday with lawyers for the government accusing the companies of bringing death and destruction to communities. The case bought by Suffolk and Nassau counties and state Attorney General Letitia James …
July 1, 2021
A Philadelphia man has pleaded guilty to a federal charge in a fire set at a home improvement store during the unrest last year that followed the first night of protests against police brutality sparked by the killing of George …
July 1, 2021
A federal judge on Wednesday blocked a recently-enacted Florida law that was meant to authorize the state to penalize social media companies when they ban political candidates, with the judge saying the law likely violated free speech rights. U.S. District …
July 1, 2021
An investigation by insurance broker Arthur J. Gallagher & Co. into a ransomware attack on its systems last September has revealed that personal information on individuals was accessed. The broker is in the process of contacting affected individuals. The firm …
July 1, 2021
HX, the data analytics and advisory division of London-based Howden Group Holdings, announced the launch of NOVA, a first of its kind insurance business intelligence platform, which enables users to better understand the insurance market and its drivers. NOVA amalgamates …
July 1, 2021
These International People Moves detail appointments at four brokers: Marsh, Guy Carpenter, McGill and Partners, and Acrisure. A summary of these new hires follows here. Leading insurance broker and risk adviser Marsh, and its reinsurance broking subsidiary Guy Carpenter announced …
July 1, 2021
DARAG Group, the Malta-based legacy acquisition company, announced the formal completion of the sale of its active Italian insurance business from DARAG Italia S.p.A to Nobis Compagnia di Assicurazioni. Financial details of the deal were not disclosed. The sale of …
July 1, 2021
Global cyber reinsurance rates have soared by up to 40% in the July renewal season, reinsurance broker Willis Re said on Thursday, as ransomware attacks increase in number and severity. A ransomware attack on Colonial Pipeline in May shut the …
July 1, 2021
Britain’s finance minister pledged on Thursday to “sharpen” the competitive advantage of the UK financial services sector as he set out his vision for its future after the City of London lost business to the bloc after Brexit. In his …
July 1, 2021
Insurance tech startup bolttech on Thursday said it raised $180 million in a funding round, led by private investment firm Activant Capital Group, that valued it at more than $1 billion. The New York and Singapore-based company’s online platform serves …