20 09, 2024

Man Arrested for Damaging a Statue Outside a St. Louis Cathedral

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ST. LOUIS (AP) — A man used construction equipment to drop a heavy boom lift onto a sculpture that has stood for 25 years outside St. Louis’ Cathedral Basilica, badly damaging it, police said. It wasn’t immediately clear whether the …

20 09, 2024

Exploding Pagers Sound Global Alarm on Supply-Chain Security

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Thousands of pagers and other devices exploding in Lebanon this week mark a new and deadly escalation in the use of supply chains against adversaries, giving new urgency to global leaders’ drive to reduce their dependence on technologies from rivals. …

20 09, 2024

Extreme Weather Adds to Fiscal Strains in Central Europe

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Just a week ago, before deadly floods swept through central Europe, the Czech Republic looked on track to become the first country in the region since COVID-19 to pull its budget deficit firmly below the 3% of GDP cap set …

20 09, 2024

Mutual Insurers Chase Rate Adequacy, Financial Strength Remains Strong: AM Best

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The U.S. property/casualty mutual segment has leaned on investment income to maintain strong overall financial performance and grow surplus in the face of underwriting volatility and severe weather-related activity, according to an AM Best report. To combat underwriting losses and …

20 09, 2024

Insurers End ‘Cats’ Fight

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Two insurers have settled their dispute over coverage for an employee of the touring company for the musical “Cats” who was seriously injured on the set at a Providence theater in 2019. The Providence Performing Arts Center (PPAC) employee was …

20 09, 2024

E&S Vet Miller and Team Launch MGA Pivix

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Former Scottsdale Insurance President Mike Miller will now serve as president and CEO of excess & surplus managing general agency Pivix Specialty Insurance Services. Based in Scottsdale, Arizona, Pivix is an E&S platform offering property/casualty coverages for targeted segments. Products …

20 09, 2024

GM to Recall Over 449,000 Pickup Trucks, SUVs

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General Motors is recalling 449,671 pickup trucks and SUVs in the U.S. due to inoperative low brake fluid warning, the U.S. National Highway Traffic Safety Administration said on Friday. The recall includes some 2023 Chevrolet Silverado 1500, GMC Sierra 1500, …

20 09, 2024

Wefox Appoints Former Allianz Executive Mueller as CEO to End Shareholder Fight

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Wefox Holding AG appointed former Allianz manager Joachim Mueller as chief executive officer, ending a boardroom battle that pit the insurance tech startup’s founders against some of its shareholders. Mueller will replace interim CEO Mark Hartigan, effective immediately, Berlin-based Wefox …

20 09, 2024

Hackers Demand $6M for Files Stolen From Seattle Airport Operator in Cyberattack

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Hackers are demanding $6 million in bitcoin from the operator of the Seattle-Tacoma International Airport for documents they stole during a cyberattack last month and posted on the dark web this week, an airport official said. The Port of Seattle, …

20 09, 2024

U.S. Warns Allies Russia Seeking to Disrupt Cargo Shipping Firms

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The U.S. has warned its allies that Russia is targeting cargo shipping companies as it seeks to disrupt Ukraine’s partners, according to people familiar with the matter. While Russia has focused cyberattacks and other so-called hybrid actions on shipping firms …