News Archives - Insurance Journal

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8 05, 2024

TikTok Lawsuit Sets Stage for Prolonged Legal Fight Over US Ban

By | May 8th, 2024|Uncategorized|Comments Off on TikTok Lawsuit Sets Stage for Prolonged Legal Fight Over US Ban

China-based ByteDance Ltd. made clear it won’t comply with a new US law requiring it to sell its popular TikTok video-sharing app, setting up what likely will be a prolonged court battle pitting free-speech rights against national-security interests that could …

8 05, 2024

Cyber Startup Wiz Raises $1B in Private Funds, Valued at $12B

By | May 8th, 2024|Uncategorized|Comments Off on Cyber Startup Wiz Raises $1B in Private Funds, Valued at $12B

U.S.-Israeli cloud cybersecurity startup Wiz said on Tuesday it raised $1 billion in a private funding round that values the four-year old company at $12 billion. Wiz, which has raised $1.9 billion since its founding in 2020, said the funds …

8 05, 2024

Company to Pay $650K Over Child Labor Violations at Meat Processing Facilities

By | May 8th, 2024|Uncategorized|Comments Off on Company to Pay $650K Over Child Labor Violations at Meat Processing Facilities

DES MOINES, Iowa (AP) — A Tennessee-based sanitation company has agreed to pay more than half a million dollars after a federal investigation found it illegally hired at least two dozen children to clean dangerous meat processing facilities in Iowa …

8 05, 2024

Clergy Sexual Abuse Probe Targets New Orleans Catholic Church Leaders

By | May 8th, 2024|Uncategorized|Comments Off on Clergy Sexual Abuse Probe Targets New Orleans Catholic Church Leaders

NEW ORLEANS (AP) — Authorities have expanded an investigation of clergy sexual abuse in the Roman Catholic Church in New Orleans to include senior church officials suspected of shielding predatory priests for decades and failing to report their crimes to …

8 05, 2024

Full Repairs to Damaged Red Sea Internet Cables Delayed by Yemen Political Splits

By | May 8th, 2024|Uncategorized|Comments Off on Full Repairs to Damaged Red Sea Internet Cables Delayed by Yemen Political Splits

Full repairs to three submarine internet cables damaged in the Red Sea in February are being held up by disputes over who controls access to infrastructure in Yemeni waters. The Yemeni government has granted permits for the repair of two …

8 05, 2024

World Extends Run of Heat Records for 11th Month in a Row

By | May 8th, 2024|Uncategorized|Comments Off on World Extends Run of Heat Records for 11th Month in a Row

April was the Earth’s 11th consecutive month of record-breaking heat, with warmer weather already sweeping across Asia and a hotter-than-usual summer expected in Europe. The European Union’s Copernicus Climate Change Service said last month’s temperatures globally were 1.58C (2.8F) above …

8 05, 2024

Typhoon Season in Northwest Pacific Seen Less Active Than Normal

By | May 8th, 2024|Uncategorized|Comments Off on Typhoon Season in Northwest Pacific Seen Less Active Than Normal

Typhoon activity in the Northwest Pacific region is expected to be about 20% below normal this year, forecaster Tropical Storm Risk said in its first outlook of the season. The London-based group said it expects 15 typhoons, seven of which …

8 05, 2024

Saudi Arabian Fintech Firm Rasan Plans to Sell 30% Stake in Riyadh IPO

By | May 8th, 2024|Uncategorized|Comments Off on Saudi Arabian Fintech Firm Rasan Plans to Sell 30% Stake in Riyadh IPO

Saudi Arabian fintech firm Rasan intends to sell a 30% stake in its Riyadh initial public offering, making it one of the first companies from the sector to go public in the kingdom. Rasan and its investors will offer 22.7 …

8 05, 2024

Worsening Weather Igniting $25 Billion Weather Derivatives Market

By | May 8th, 2024|Uncategorized|Comments Off on Worsening Weather Igniting $25 Billion Weather Derivatives Market

Marty Malinow’s mom never could get her head around what her son did for a living. To friends, she said he was “a stockbroker that does something with the weather.” Malinow couldn’t really object — he knew most people had …

8 05, 2024

Markets/Coverages: Marsh Launches Insurance Cover for EU Crypto-Asset Service Providers

By | May 8th, 2024|Uncategorized|Comments Off on Markets/Coverages: Marsh Launches Insurance Cover for EU Crypto-Asset Service Providers

Insurance broker Marsh announced the launch of MiCAssure, a proprietary insurance solution for crypto-asset service providers such as custodians, exchanges, and administrators operating within the European Union (EU), which are required to comply with the forthcoming Markets in Crypto-Assets Regulation …