July 6, 2023
Spanish authorities are seeking 90 million euros ($98 million) in damages from a Swedish mining company for a major toxic spill near the famed Doñana National Park in 1998. The civil trial that opened Tuesday is hearing the case against …
July 6, 2023
Arthur J. Gallagher & Co. announced that its UK-based specialist underwriting subsidiary Pen Underwriting has acquired Norwegian managing general agent (MGA) Fender Marine AS. Terms of the transaction were not disclosed. Based in Bergen and Oslo, Fender specializes in providing …
July 6, 2023
Panama expects international financial-crime watchdog FATF to remove it this October from a watch list for nations deemed to be doing too little to fight money laundering, the country’s deputy finance minister said, adding that other intergovernmental groups might follow …
July 6, 2023
British cybersecurity officials are investigating an alleged cyberattack on a group of hospitals in London that has led to the disclosure of confidential documents online. A gang of Russian-speaking cybercriminals known as ALPHV, or BlackCat, claimed on its website last …
July 6, 2023
The Net-Zero Insurance Alliance (NZIA) has ditched all requirements for members to set or publish greenhouse gas emission-reduction targets, the U.N. said on Wednesday, a major rewrite of its rules after U.S. political pressure led to a member exodus. The …
July 6, 2023
A British insurance group is pushing its members, which include Allianz SE, Aviva Plc and Chubb Ltd., to step up their efforts to fight biodiversity loss as part of their broader climate-related goals. In a guide published Tuesday, the Association …
July 6, 2023
Mondelez International’s subsidiary has voluntarily recalled two varieties of belVita Breakfast Sandwich biscuits in the U.S. over possible undeclared peanut in the products. Mondelez Global LLC said on Monday that these products sold at retail stores nationwide may contain undeclared …
July 6, 2023
Though the U.S. commercial auto insurance industry’s 2022 combined ratio came in above 100 for the fourth time in five years, Liberty Mutual and Auto-Owners started 2023 with double-digit growth in direct premiums, according to S&P Global Market Intelligence. Compared …
July 6, 2023
National law firms are investing $10 million to $12 million annually each to direct Google searches to websites that they control in an effort to find new clients to file lawsuits against insurance companies, according to 4Warn, a New Hampshire-based …
July 6, 2023
Washington Insurance Commissioner Mike Kreidler issued $40,863 in fines in June against insurance companies and insurance producers for violations of state insurance laws and regulations. Following are the parties fined and their reported violations: Unauthorized insurers Drico Insurance Co., Salt …