6 07, 2022

EU Lawmakers Pass Landmark Rules to Rein in Tech Giants, but Enforcement a Concern

By | July 6th, 2022|Uncategorized|Comments Off on EU Lawmakers Pass Landmark Rules to Rein in Tech Giants, but Enforcement a Concern

EU lawmakers gave the thumbs up on Tuesday to landmark rules to rein in tech giants such as Alphabet unit Google, Amazon, Apple, Facebook and Microsoft, but enforcement could be hampered by regulators’ limited resources. In addition to the rules …

6 07, 2022

Ardonagh’s MGA Unit, Geo Underwriting, Acquires UK’s Lorega Holdings

By | July 6th, 2022|Uncategorized|Comments Off on Ardonagh’s MGA Unit, Geo Underwriting, Acquires UK’s Lorega Holdings

Geo Underwriting, The Ardonagh Group’s MGA subsidiary, has completed the acquisition of the managing general agent Lorega Holdings Ltd. from Alcuin Capital Partners. Financial details of the transaction were not disclosed. Lorega is the UK’s leading supplier of loss recovery …

6 07, 2022

US Auto Crash Death Rate Highest in Study of Rich Countries

By | July 6th, 2022|Uncategorized|Comments Off on US Auto Crash Death Rate Highest in Study of Rich Countries

US death rates from motor vehicle crashes rates are the highest among 29 upper-income countries, according to a government study that adds to the country’s poor public-health record among developed nations. Annual US fatalities from car, truck and motorcycle collisions …

6 07, 2022

Luxury British Jeweler Pays $7.5 Million in Crypto Ransom to Russian Hackers

By | July 6th, 2022|Uncategorized|Comments Off on Luxury British Jeweler Pays $7.5 Million in Crypto Ransom to Russian Hackers

Luxury British jeweler Graff Diamonds Corp. paid $7.5 million ransom in Bitcoin to a Russian hacking gang after it leaked data on the jeweler’s high-profile clients, according to a London lawsuit. Graff, that counts Middle East royalty among its client …

6 07, 2022

Report: East Africa Pipeline ‘Breaches Banking Principles’

By | July 6th, 2022|Uncategorized|Comments Off on Report: East Africa Pipeline ‘Breaches Banking Principles’

A controversial oil project that would connect oilfields in a Ugandan National Park to a port in Tanzania breaches global environmental guidelines for banks, according to a new nonprofit report Tuesday. The 897-mile (1443-kilometer) East Africa Crude Oil Pipeline (EACOP), …

6 07, 2022

Tampa Med Clinic Owner Charged with Staging Crashes and $970,000 in False Claims

By | July 6th, 2022|Uncategorized|Comments Off on Tampa Med Clinic Owner Charged with Staging Crashes and $970,000 in False Claims

The owner of a Tampa medical clinic has been charged in a scheme that staged auto accidents then submitted more than $970,000 in falsified insurance claims, Florida authorities said. Angela Ippolito Duncan, owner of Ybor Medical and Wellness Center, was …

6 07, 2022

Del Vecchio’s Successor Shares Same Vision for Building Generali Into European Leader

By | July 6th, 2022|Uncategorized|Comments Off on Del Vecchio’s Successor Shares Same Vision for Building Generali Into European Leader

Leonardo Del Vecchio’s right-hand man was named on Monday to succeed the Italian billionaire — who died last week — as chairman of the family’s Delfin holding company. Francesco Milleri, the 63-year-old appointed on June 28 to follow Del Vecchio …

6 07, 2022

The Insuring Cyber Podcast: Is Ransomware at a Turning Point?

By | July 6th, 2022|Uncategorized|Comments Off on The Insuring Cyber Podcast: Is Ransomware at a Turning Point?

Although reports indicate ransomware activity has been quieter than usual to start the year, experts say that likely won’t last for long. “What we see is there’s an evolution of [ransomware] changing and not just in the way that the …

6 07, 2022

Maine Mining Superfund Site to Receive $21M

By | July 6th, 2022|Uncategorized|Comments Off on Maine Mining Superfund Site to Receive $21M

A Maine superfund mining site is receiving $21 million in Environmental Protection Agency funding to expedite contamination cleanup efforts. The Callahan Mine superfund site in Brooksville originally received $9 million from the bipartisan federal infrastructure bill passed in November last …

6 07, 2022

Louisiana Extends Ida Mediation Program Through End of 2022

By | July 6th, 2022|Uncategorized|Comments Off on Louisiana Extends Ida Mediation Program Through End of 2022

Louisiana’s Hurricane Ida Mediation Program is being extended through December 31, 2022, Louisiana Insurance Commissioner Jim Donelon announced. The voluntary Hurricane Ida Mediation Program, which is open to authorized property and casualty insurers and surplus lines insurers, was created to …