If Elon Musk’s Tesla wanted to insure all of its recent $1.5 billion bitcoin investment against the myriad of pitfalls it could encounter, like hacks, theft and fraud, it would be out of luck. Insurers have yet to catch up …
Risk Strategies, a Boston, Massachusetts-based national specialty insurance brokerage and risk management firm, has acquired Specialty Insurance Solutions (SIS), expanding capabilities in its national student health practice. Founded in 2007 by President Paul Mayo, SIS offers specialty products and services …
A former U.S. Postal Service (USPS) carrier has been sentenced on a federal charge in Maryland for making false statements to obtain disability compensation. U.S. District Judge Paula Xinis sentenced Ronald S. Repass, age 57, of Poolesville, Maryland, to five …
A former bookkeeper and office manager at a Rhode Island law firm who previously pleaded guilty to embezzling nearly three-quarters of a million dollars from her employer has been sentenced to five years in prison, federal prosecutors said. Sarah Gaulin, …
The U.S. Department of Homeland Security is undertaking a series of “sprints” to enhance American cybersecurity in the wake of major attacks. “I am announcing today a series of 60-day sprints, each focused on the most important and most urgent …
A federal appeals court on Thursday rejected New York City’s effort to hold five major oil companies liable to help pay the costs of addressing harm caused by global warming. Ruling in favor of BP Plc, Chevron Corp., ConocoPhillips, Exxon …
Credit Suisse told investors the debt in its $7.3 billion finance fund was low risk because it was insured but the bank failed to ensure the policies would pay out, two sources told Reuters. When Japan’s Tokio Marine, the company …
Hotchkiss Insurance Hotchkiss Insurance, a full-service Texas-based independent agency, has named Shannon McPartland as its newest partner. A member of the Houston team, McPartland joined the agency in an account management capacity and transitioned to focus on sales in 2012. …
Three insurance relationship tales from today’s newswire. Woman Sues Insurtech Over Broken Heart Thrice-divorced Natalie Galumpkin says she knows a bad experience when she has one and her experience buying home insurance through the HipHome app was one of the …
International reinsurance renewals completed for April 1 followed trends set earlier in the season, as market pricing remained firm in virtually all classes and territories. Capacity was adequate across the board, and no substantive changes took place in negotiations over …