News Archives - Insurance Journal

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6 12, 2022

China’s Sunshine Insurance Leans Toward Pricing HK IPO at Bottom of Marketed Range

By | December 6th, 2022|Uncategorized|Comments Off on China’s Sunshine Insurance Leans Toward Pricing HK IPO at Bottom of Marketed Range

Sunshine Insurance Group Co. is leaning toward pricing its Hong Kong initial public offering at the bottom of its marketed range, according to people familiar with the matter. The Beijing-based firm is weighing whether to sell 1.15 billion new shares …

6 12, 2022

SUV crashes into Florida Fireworks Store, Sparking Huge Fire

By | December 6th, 2022|Uncategorized|Comments Off on SUV crashes into Florida Fireworks Store, Sparking Huge Fire

A Florida man drove his SUV into a fireworks store last week, sparking a huge fire in a crash that destroyed the building, authorities said. The driver was killed. The 53-year-old driver had rear-ended another vehicle before plowing into the …

7 12, 2022

COVID Infections Boost Heart-Related Deaths, Top Africa Health Insurer Says

By | December 7th, 2022|Uncategorized|Comments Off on COVID Infections Boost Heart-Related Deaths, Top Africa Health Insurer Says

Africa’s biggest health insurer said the number of heart-related deaths rose more than sixfold during the COVID-19 pandemic among the clients of one of its units. Discovery Employee Benefits, a unit of Johannesburg-based Discovery Ltd. that has more than half …

6 12, 2022

Maine Jury Awards Ex-Trooper $300,000 in Whistleblower Case

By | December 6th, 2022|Uncategorized|Comments Off on Maine Jury Awards Ex-Trooper $300,000 in Whistleblower Case

A jury in Maine awarded a now-retired state trooper $300,000 Friday after finding that the state police retaliated against him when he raised concerns about the agency’s intelligence gathering work. George Loder, 53, filed a whistleblower lawsuit alleging that he …

5 12, 2022

Viewpoint: It’s A Wonderful Life’s Lessons Ring True in BlockFi Bankruptcy

By | December 5th, 2022|Uncategorized|Comments Off on Viewpoint: It’s A Wonderful Life’s Lessons Ring True in BlockFi Bankruptcy

We are heading into the holiday season. It’s a Wonderful Life will be on television. And cryptocurrency bankruptcies will be in the news. Yesterday, BlockFi filed for bankruptcy. What does a seventy year old Frank Capra movie – about a …

6 12, 2022

Russian State-Owned Bank VTB Hit by Massive Distributed-Denial-of-Service Attack

By | December 6th, 2022|Uncategorized|Comments Off on Russian State-Owned Bank VTB Hit by Massive Distributed-Denial-of-Service Attack

Russia’s No. 2 bank VTB was hit by the largest cyber attack in its history, it said on Tuesday, warning of temporary difficulties in accessing its mobile app and website, but assuring customers that their data remained safe. State-owned VTB …

6 12, 2022

Parents of Gunman in Deadly Pennsylvania State Trooper Shooting Settle Suit

By | December 6th, 2022|Uncategorized|Comments Off on Parents of Gunman in Deadly Pennsylvania State Trooper Shooting Settle Suit

The parents of a gunman who killed a Pennsylvania state trooper and permanently disabled another eight years ago in an ambush of a police barracks have settled a lawsuit that accused them of partial responsibility for the attack. Tiffany Dickson, …

6 12, 2022

Turkey’s Proof-of-Insurance Rule Ensnares Russian Oil Shipments

By | December 6th, 2022|Uncategorized|Comments Off on Turkey’s Proof-of-Insurance Rule Ensnares Russian Oil Shipments

Oil shipments from Russia and Kazakhstan are getting ensnared in a Turkish government rule to provide proof that tankers are insured when navigating the vital Bosphorus and Dardanelles shipping straits. The measure, which came into force on Friday, compels ships …

6 12, 2022

Neptune Flood Names Duffy Chief Risk Officer

By | December 6th, 2022|Uncategorized|Comments Off on Neptune Flood Names Duffy Chief Risk Officer

Neptune Flood Insurance, based in St. Petersburg, Florida, has named Matthew Duffy chief risk officer, after he spent 18 months as the firm’s director of risk management and internal audit. Duffy, a certified internal auditor, financial risk manager and anti-money …

6 12, 2022

Two Children Killed in House Fire in North Carolina

By | December 6th, 2022|Uncategorized|Comments Off on Two Children Killed in House Fire in North Carolina

Two children died and two adults were injured last weekend in a house fire in Salisbury, North Carolina. The Salisbury Post reported Saturday that the Salisbury Fire Department and Rowan County Emergency Services were called to a home at about …