News Archives - Insurance Journal

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3 03, 2023

Shell Wins Bid to Limit British Suit Over Nigeria Delta Oil Spill

By | March 3rd, 2023|Uncategorized|Comments Off on Shell Wins Bid to Limit British Suit Over Nigeria Delta Oil Spill

Shell Plc won a bid to limit a British lawsuit over an oil spill off the coast of Nigeria after a judge ruled that a group of thousands of Nigerians couldn’t prove that the disaster continued to wreak devastation on …

3 03, 2023

Turkey Issues Rebuilding Rules After Quake Leaves Millions Homeless, Kills Thousands

By | March 3rd, 2023|Uncategorized|Comments Off on Turkey Issues Rebuilding Rules After Quake Leaves Millions Homeless, Kills Thousands

Turkey issued rebuilding regulations on Friday for a region devastated by earthquakes this month to enable companies or charities to help in the urgent task of building new homes for the millions who need rehousing after the devastating tremors. More …

3 03, 2023

London Cyber Decoys Attacked 91 Million Times in January by Over 101,000 Hackers

By | March 3rd, 2023|Uncategorized|Comments Off on London Cyber Decoys Attacked 91 Million Times in January by Over 101,000 Hackers

Computers specially configured to make cyber criminals think they were small businesses operating in London were attacked by hackers over 2,000 times every minute this January. The computers – called “honeypots” in the cyber security industry – were operated by …

3 03, 2023

Jensten Group Completes Basil Fry and Bellegrove Acquisitions in UK

By | March 3rd, 2023|Uncategorized|Comments Off on Jensten Group Completes Basil Fry and Bellegrove Acquisitions in UK

The Jensten Group has completed the acquisitions of Basil Fry & Company and Bellegrove, following final regulatory approval. Collectively the deals bring an additional 5000 clients, 80 staff and £40 million ($47.9 million) gross written premiums to the Jensten Group. …

3 03, 2023

Insurance Software on the Block as Private Equity Looks to Cash In

By | March 3rd, 2023|Uncategorized|Comments Off on Insurance Software on the Block as Private Equity Looks to Cash In

European buyout houses Montagu Private Equity and Astorg Partners are preparing to hang the “for sale” sign on their UK insurance software investments, hoping to woo insurers and fellow private capital funds with their technology. Montagu is exploring a sale …

3 03, 2023

EEOC Sues Exxon for Discrimination After Nooses Found at Plant

By | March 3rd, 2023|Uncategorized|Comments Off on EEOC Sues Exxon for Discrimination After Nooses Found at Plant

Exxon Mobil Corp. was sued for racial discrimination by a U.S. federal agency on Thursday, with charges alleging that the oil major failed to protect workers from harassment after nooses were found at one of its facilities in 2020. The …

3 03, 2023

Canada Joins U.S. and EU in Banning TikTok From Government Phones

By | March 3rd, 2023|Uncategorized|Comments Off on Canada Joins U.S. and EU in Banning TikTok From Government Phones

Canada will bar civil servants from using TikTok Inc. on government-issued mobile devices due to security concerns around data collection. The social media app, which is owned by China’s ByteDance Ltd., will be automatically removed and blocked from devices starting …

3 03, 2023

US Marshals Computer System Hit by Ransomware Attack

By | March 3rd, 2023|Uncategorized|Comments Off on US Marshals Computer System Hit by Ransomware Attack

In a major breach of a U.S. Marshals Service computer system this month with ransomware, hackers stole sensitive and personally identifiable data about agency employees and targets of investigations, an agency spokesman said Tuesday. The hacked system was disconnected from …

3 03, 2023

Huge Fire Rips Through Skyscraper in Hong Kong Shopping District

By | March 3rd, 2023|Uncategorized|Comments Off on Huge Fire Rips Through Skyscraper in Hong Kong Shopping District

A 42-story hotel being constructed in one of Hong Kong’s tourism districts went up in flames before firefighters brought the fire under control. The Kimpton Hong Kong, a 492-room luxury hotel to be operated by InterContinental Hotels Group Plc near …

3 03, 2023

Ford recalls 98,500 Ranger trucks over replacement air bag inflators

By | March 3rd, 2023|Uncategorized|Comments Off on Ford recalls 98,500 Ranger trucks over replacement air bag inflators

Ford Motor Co. said it is recalling 98,500 older Ranger pickup trucks in the United States because replacement front passenger air bag inflators may have been installed incorrectly. The new recall covers 2004-2006 model year Ranger trucks recalled in 2017 …