6 06, 2024

Crypto Exchange Binance Seeks to Slash Size of $13 Billion UK Lawsuit

By | June 6th, 2024|Uncategorized|Comments Off on Crypto Exchange Binance Seeks to Slash Size of $13 Billion UK Lawsuit

Crypto exchange Binance on Wednesday sought to throw out the vast majority of a London lawsuit worth up to 10 billion pounds ($12.8 billion) over claims it and other exchanges colluded to “delist” the Bitcoin Satoshi Vision (BSV) cryptocurrency. Binance …

6 06, 2024

Staff Warned Off Whistleblower Hotlines: Global Survey

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More than half of whistleblowers have felt pressured not to use internal hotlines to raise red flags at large global businesses and public bodies, a global EY survey showed. The number of organizations without a whistleblowing hotline has halved since …

6 06, 2024

World Hits Streak of Record Temperatures as UN Warns of ‘Climate Hell’

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Each of the past 12 months ranked as the warmest on record in year-on-year comparisons, the EU’s climate change monitoring service said on Wednesday, as U.N. Secretary-General António Guterres called for urgent action to avert “climate hell.” The average global …

6 06, 2024

Hack That Crippled UK Hospitals Highlights Growing Threat to NHS

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In June of last year, a Russian cybercrime gang called BlackCat hacked the Barts Health NHS Trust, a part of the UK’s National Health Service that operates several hospitals in London, and published some of it online in an extortion …

6 06, 2024

Should Judge Recuse Himself From Case Involving His Own Insurer?

By | June 6th, 2024|Uncategorized|Comments Off on Should Judge Recuse Himself From Case Involving His Own Insurer?

Liberty Mutual Insurance is pushing for a New Jersey federal judge to recuse himself from a construction insurance case because he did not disclose that he has been a long-time Liberty insured, a significant claimant, and investigated by the insurer …

6 06, 2024

Lloyd’s Opening Miami Office to Support Growth in Latin America and Caribbean

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Lloyd’s, the re/insurance marketplace, is opening an office in Miami from Sept. 1, 2024, with an aim to strengthen its Latin America and Caribbean business. The new office will enable Lloyd’s to realign its resources to centrally support brokers, coverholders …

5 06, 2024

The Nitsche Group Announces Relocation of Round Rock Office

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The Nitsche Group has announced the relocation of its Round Rock office. The office, previously at 893 North IH 35, Suite 120, Round Rock, is now located at 551 S. I-35 Frontage RD., Suite 320, Round Rock, TX, 78664, just …

5 06, 2024

MGA Alta Signa Launches in Switzerland

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Alta Signa Europe B.V., the European boutique managing general agent (MGA) and Lloyd’s coverholder, announced the opening of an office in Switzerland, marking a significant milestone in the company’s expansion strategy in the Germany, Austria and Switzerland (DACH) region. Based …

5 06, 2024

Lobster Monster Truck Gone Airborne Topples Utility Poles, Injuring Spectators

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TOPSHAM, Maine (AP) — A lobster-themed monster truck performing for spectators in Maine clipped an aerial power line, toppling several utility poles and sending two people to hospitals, police said. Others suffered minor injuries. The Topsham Fairgrounds was hosting the …

5 06, 2024

Markets/Coverages: Sompo Offers Tech Insurance Cover for UK Middle Market Clients

By | June 5th, 2024|Uncategorized|Comments Off on Markets/Coverages: Sompo Offers Tech Insurance Cover for UK Middle Market Clients

Sompo announced the launch of a new technology insurance product for middle market clients in the United Kingdom. The package includes coverages comprising property, casualty, professional indemnity (PI) and cyber. Excess PI and cyber can be provided separately. All covers …