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Markets/Coverages: New WTW Cyber Solution for SMEs With Revenue Under $50M

Broker WTW said it has launched a cyber solution specifically for business with annual revenue under $50 million, including startups and pre-revenue accounts. This tailored solution for small- and medium-sized enterprises (SME) is meant to address challenges faces by these …

Seattle Will Pay $10M to Protesters Who Said Police Used Excessive Force During 2020 Protests

Seattle has agreed to pay $10 million to 50 demonstrators who sued over the police department’s heavy-handed response to racial justice protests in 2020, in a settlement announced by attorneys from both sides. The protesters were among tens of thousands …

Oregon Jury Awards $85 M to 9 Victims of Deadly 2020 Wildfires

An Oregon jury awarded $85 million to nine victims of wildfires that ravaged the state in 2020, the latest verdict in a series of legal proceedings that are expected to put the utility PacifiCorp on the hook for billions of …

Howden Acquires UK-Based AHR Consultants to Boost Risk Management Capabilities

Howden, the London-based global insurance group, announced it has bolstered its risk management capabilities in the UK through the acquisition of AHR Consultants, a leading provider of HR, employment law, training and health & safety services. Financial details of the …

Residents Fight Planned Monkey-Breeding Farm in South Georgia

BAINBRIDGE, Ga. (AP) — Some local residents and an animal-rights group are protesting plans for a monkey-breeding facility in southwest Georgia. Opponents recently urged the Bainbridge City Council to block plans by a company called Safer Human Medicine to build …

Hacking Allegations Expose E-Prescription System Cyber Risk

Scammers hacked into doctors’ electronic prescribing accounts, wrote tens of thousands of bogus orders for addictive drugs, then had runners pick them up from pharmacies in multiple states so they could be illegally resold online, prosecutors in New York announced …

Climate Change Poses Significant Risk for South African Insurers: Old Mutual

Climate change poses the most significant threat for South African insurance companies and risks raising premiums and the cost of reinsurance, a top official at its biggest insurer by assets said. After staying almost flat in the decade to 2020, …

Jackie Robinson Statue Stolen From Kansas Park, Sparking Outrage and Police Search

WICHITA, Kan. (AP) — A prized statue of Jackie Robinson was stolen from a public park in Kansas, spurring a police search Friday and outrage across the city of Wichita. The statue honors the first player to break Major League …

Former Allianz Execs Raise Funds for Carbon Credit-Backed Insurance

An insurance start-up founded by three former Allianz executives that aims to guarantee companies buying carbon credits get the permits they’ve paid for has closed the biggest European climate-focused seed funding round in more than a year. CarbonPool raised 10.5 …

Federal Court Fines Nebraska Contractor Who Stalled Investigation Into Employee’s Fall

A federal court has issued an order holding a Nebraska roofing contractor — who has stalled federal investigators for nearly a year — in contempt of court and imposing a fine of $100 a day if he fails to comply …

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