3 04, 2024

Microsoft Faulted for ‘Inadequate’ Cyber Practices in US Report

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A Chinese-state intrusion last year of Microsoft Corp. technology that enabled hackers to gather US officials’ emails “should never have occurred,” according to a report released Tuesday from a government cyber review board. The Cyber Safety Review Board, a White …

3 04, 2024

PE Firm Brera Partners Buys 70% of Shares in Italian Broker GBSAPRI Group

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Brera Partners, a Zurich-based private equity firm specializing in investments in the asset-light financial services sector, announced it has acquired 70% of the shares in Italian insurance broker GBSAPRI Group, with the strategy to drive consolidation in Italy’s fragmented insurance …

3 04, 2024

Court Approves 3M Settlement Over ‘Forever Chemicals’ in Public Water Systems

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Chemical manufacturer 3M will begin payments starting in the third quarter to many U.S. public drinking water systems as part of a multi-billion-dollar settlement over contamination with potentially harmful compounds used in firefighting foam and several consumer products, the company …

3 04, 2024

States Eye Requiring Fossil Fuel Companies to Pay for Some Climate Change Damage

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The Vermont Legislature is advancing legislation requiring big fossil fuel companies pay a share of the damage caused by climate change after the state suffered catastrophic summer flooding and damage from other extreme weather. The state Senate is expected to …

3 04, 2024

Murdaugh Sentenced to 40 Years for Stealing Insurance, Other Funds from Clients, Firm

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CHARLESTON, S.C. (AP) — For maybe the last time, Alex Murdaugh, in a prison jumpsuit instead of the suit he used to wear, shuffled into a courtroom Monday in South Carolina and was sentenced to 40 years in federal prison. …

3 04, 2024

Migrants Flown to Martha’s Vineyard by DeSantis Can Sue Charter Flight Company

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BOSTON (AP) — Lawyers representing migrants flown to Martha’s Vineyard nearly two years ago by Florida Gov. Ron DeSantis can sue the charter flight company that transported them, according to a ruling Monday by a federal judge in Boston. The …

3 04, 2024

Howden to Acquire French Broker OFRACAR

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Howden, the London-based insurance intermediary group, announced it has entered into an agreement to acquire OFRACAR, an independent brokerage group headquartered in Rouen, thereby expanding its geographical footprint and capabilities to clients in north-west France. Financial details of the transaction …

3 04, 2024

Markets/Coverages: Munich Re’s HSB Launches Cyber Insurance for Autos

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With millions of connected vehicles on U.S. roads, personal cars and trucks will likely be the next big target for hackers and cyber thieves, according to specialty insurer HSB, which has launched a new cyber insurance product to help consumers …

3 04, 2024

­­­­­­­AXA Plans Cyber Risk Prevention Campaign Ahead of Paris Olympics

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AXA SA is planning a campaign to help prevent cyberattacks targeting France in the run-up to the Paris Olympics next summer. The insurer will share key measures with French corporate clients to improve the protection of their information systems, the …

3 04, 2024

PCF Insurance Acquires Alabama’s MK Insurance Agency

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PCF Insurance Services, a brokerage operating in 40 states, has acquired Hoover, Alabama-based MK Insurance Group, a family owned commercial and personal lines agency in business for six decades. MK Insurance has specialized in insurance coverage for high net-worth individuals, …