The U.S. Department of Labor said it has obtained a federal court order requiring that three bakeries located in Danbury, Connecticut, and Mount Vernon, New York, and their owner/officer, pay nearly $1 million in back wages and liquidated damages to …
Mauna Loa, the largest active volcano on the planet, is in a “state of heightened unrest,” but is not erupting and there are no signs of an imminent eruption, the Hawaiian Volcano Observatory said in an update. Last week, Hawaii …
U.S. insurer and reinsurer MSIG Holdings reported that Johan Slabbert has been named chief executive officer of the Warren, New Jersey-based company. Slabbert, currently CEO at MS Amlin Underwriting Limited, will assume the role on January 1, 2023, according to …
The conviction of Uber Technologies Inc.’s former security chief on Oct. 5 has raised the specter that a high-profile criminal charge and newly expanded federal rules may force companies to be more transparent when it comes to reporting cybersecurity breaches. …
MS Amlin Underwriting Ltd. (MS AUL), the Lloyd’s re/insurer, announced the appointment of Andrew Carrier as chief executive officer. Carrier, currently MS AUL’s chief underwriting officer (CUO), will take up the role on Jan. 1, 2023, subject to regulatory approval. …
As Hurricane Ian bore down on Florida, normally reliable computer forecast models couldn’t agree on where the killer storm would land. But government meteorologists are now figuring out what went wrong – and right. Much of the forecasting variation seems …
European Union sanctions on Russian oil might still be eight weeks away, but they’re hitting trade in the nation’s crude already. The bloc’s measures, including a ban on insuring tanker shipments, enter into force on Dec. 5. A Russian cargo …
Despite inflation and rising costs, most Americans would rather pay more for insurance coverage than use data-monitoring devices, according to an annual survey from Policygenius. The survey found that 68% of U.S. consumers said they would not install an app …
Reforming European Union insurance rules to release billions of pounds of capital is a key part of the UK government’s program to boost the economy. The market turmoil unleashed by the mini-budget may make such ambitions harder to deliver. The …
Insurance brokerage World Insurance Associates reported that it recently closed on purchasing three insurance agencies in the Northeast. World Insurance acquired Michael F. Iacangelo & Company Inc. of Belleville, New Jersey on September 1, 2022. Iacangelo, founded in 1957, sells …