News Archives - Insurance Journal

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8 08, 2023

Pfizer Taking More Steps to Manage Inventory After NC Tornado Destroyed Warehouse

By | August 8th, 2023|Uncategorized|Comments Off on Pfizer Taking More Steps to Manage Inventory After NC Tornado Destroyed Warehouse

Pfizer Inc. said on Thursday it will begin making some products available only through its emergency ordering process, as part of steps to manage inventory at its North Carolina facility that was struck by a tornado last month. The drugmaker …

8 08, 2023

New Jersey House Fire That Killed 4 Ruled an Accident

By | August 8th, 2023|Uncategorized|Comments Off on New Jersey House Fire That Killed 4 Ruled an Accident

A fast-moving house fire in southern New Jersey that killed four family members, including a four-month-old baby, has been ruled an accident, authorities said Wednesday. Two women, an infant and a teenage girl died in Tuesday`s fire in Lacey Township, …

8 08, 2023

Plexus Groupe Expands to Memphis, Adds Two to Roster

By | August 8th, 2023|Uncategorized|Comments Off on Plexus Groupe Expands to Memphis, Adds Two to Roster

The Plexus Groupe, an insurance brokerage and advisory firm based in Deer Park, Illinois, is expanding into Tennessee and has named two business leaders to the Memphis office. Cary Cheston, who has worked with Memphis businesses on insurance needs for …

8 08, 2023

Trucking Firm Yellow Files for Bankruptcy, Blasts Teamsters

By | August 8th, 2023|Uncategorized|Comments Off on Trucking Firm Yellow Files for Bankruptcy, Blasts Teamsters

Some 30,000 workers at Yellow Corp were looking for jobs on Monday after the major trucking company filed for Chapter 11 bankruptcy protection, potentially saddling U.S. taxpayers with losses from a government rescue of the long-troubled carrier. The nearly 100-year-old …

8 08, 2023

Average Cost of a Data Breach Has Reached an All-Time High: IBM Report

By | August 8th, 2023|Uncategorized|Comments Off on Average Cost of a Data Breach Has Reached an All-Time High: IBM Report

According to IBM’s Cost of a Data Breach report, 2023 set an all-time high record with the global average data breach cost reaching $4.45 million, a 2.3% increase from 2022 and a 15.3% from 2020. The 2023 research, conducted independently …

8 08, 2023

Ukraine’s Drone Attack Hasn’t Yet Jolted Insurance Costs for Black Sea Oil Carriers

By | August 8th, 2023|Uncategorized|Comments Off on Ukraine’s Drone Attack Hasn’t Yet Jolted Insurance Costs for Black Sea Oil Carriers

A drone attack on a Russian oil tanker and a warning from Kyiv that more could follow has so far had little impact on insurance costs for oil and commodity carriers in the key Black Sea region, as rates were …

8 08, 2023

Japan Cannot Confirm Security Leak After Report Says China Hacked Defense Networks

By | August 8th, 2023|Uncategorized|Comments Off on Japan Cannot Confirm Security Leak After Report Says China Hacked Defense Networks

Japan cannot confirm if any security information has been leaked, the top government spokesperson said on Tuesday when asked about a Washington Post report on Chinese hacking into its defense cyber networks. Chinese military hackers gained access to a classified …

8 08, 2023

Vale Loses Bid to Block BHP’s London Lawsuit in Brazil Dam Case

By | August 8th, 2023|Uncategorized|Comments Off on Vale Loses Bid to Block BHP’s London Lawsuit in Brazil Dam Case

Vale on Monday lost a bid to block fellow mining giant BHP Group’s bid to have it share potential liability in a 36 billion-pound ($46 billion) London lawsuit over Brazil’s worst environmental disaster. More than 720,000 Brazilians are suing BHP, …

7 08, 2023

SiriusPoint Announces Partnership with P/C MGA Eaton Gate

By | August 7th, 2023|Uncategorized|Comments Off on SiriusPoint Announces Partnership with P/C MGA Eaton Gate

SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Eaton Gate, a London-based managing general underwriter (MGU), announced a new partnership. Eaton Gate writes in excess of £100 million GWP through its group of managing general agents (MGA) and is …

7 08, 2023

Allianz Ex-Manager Must Face US Fraud Charges On $7B Investor Loss

By | August 7th, 2023|Uncategorized|Comments Off on Allianz Ex-Manager Must Face US Fraud Charges On $7B Investor Loss

A U.S. judge has rejected former Allianz fund manager Gregoire Tournant’s bid to dismiss a criminal fraud case over his role in causing more than $7 billion of investor losses. In an order made public on Friday, U.S. District Judge …