9 02, 2024

People Moves: Mitsui Sumitomo EU Appoints Rodden as Interim CEO, Rebrands as MSIG UK; Gallagher Re Promotes Dowlen to Managing Director EMEA

By | February 9th, 2024|Uncategorized|Comments Off on People Moves: Mitsui Sumitomo EU Appoints Rodden as Interim CEO, Rebrands as MSIG UK; Gallagher Re Promotes Dowlen to Managing Director EMEA

This edition of International People Moves details appointments at Mitsui Sumitomo Insurance (Europe) and Gallagher Re. A summary of these new hires follows here. Mitsui Sumitomo (Europe) Appoints Rodden as Interim CEO, Rebrands as MSIG UK Mitsui Sumitomo Insurance Co. …

9 02, 2024

Alabama Lawmakers Push Sweeping Bill That Would Allow Lottery and Casinos

By | February 9th, 2024|Uncategorized|Comments Off on Alabama Lawmakers Push Sweeping Bill That Would Allow Lottery and Casinos

MONTGOMERY, Ala. (AP) — A group of Alabama lawmakers unveiled a sweeping gambling bill Wednesday that could authorize a state lottery and 10 casinos across the conservative Deep South state as some Republicans look to get the question before voters …

9 02, 2024

Owens Corning to Buy Tampa-based Masonite International for $3.9 Billion

By | February 9th, 2024|Uncategorized|Comments Off on Owens Corning to Buy Tampa-based Masonite International for $3.9 Billion

(Reuters) – Owens Corning said on Friday it will buy door maker Masonite International for $3.9 billion in an all-cash deal, as it looks to beef up its home-building portfolio and expand its reach. Owens will acquire all outstanding shares …

9 02, 2024

Top AI Companies Join Government Effort to Set Safety Standards

By | February 9th, 2024|Uncategorized|Comments Off on Top AI Companies Join Government Effort to Set Safety Standards

The top US artificial intelligence companies will participate in a government-led effort intended to craft federal standards on the technology to ensure that it’s deployed safely and responsibly, the Commerce Department said Thursday. OpenAI, Anthropic, Microsoft Corp., Meta Platforms Inc. …

9 02, 2024

AM Best Says Losses from California Storms Largely Uninsured, Underinsured

By | February 9th, 2024|Uncategorized|Comments Off on AM Best Says Losses from California Storms Largely Uninsured, Underinsured

The economic losses from the latest round of California storms will be significant, with many of these losses may not be insured because only 2% of California residents have purchased flood insurance, David Blades, associate director, industry research and analytics, …

9 02, 2024

Amazon Steers Consumers to Higher-Priced Items, Lawsuit Claims

By | February 9th, 2024|Uncategorized|Comments Off on Amazon Steers Consumers to Higher-Priced Items, Lawsuit Claims

Amazon.com was sued in a proposed U.S. class action accusing the online retailer of violating a consumer protection law by steering hundreds of millions of shoppers to higher-priced items in order to earn extra fees. According to a complaint filed …

9 02, 2024

Court Orders Texas Adjuster to Cease Using Lloyd’s Trademarked Names

By | February 9th, 2024|Uncategorized|Comments Off on Court Orders Texas Adjuster to Cease Using Lloyd’s Trademarked Names

A Texas public adjuster committed willful infringement when he formed a corporation and a limited liability company with the names “Certain Underwriters at Lloyds London, Inc.” and “Certain Underwriters of Lloyds London,” a district court ruled on February 7. The …

9 02, 2024

Louisiana Furniture Retailer Settles Race Discrimination Lawsuit for $105K

By | February 9th, 2024|Uncategorized|Comments Off on Louisiana Furniture Retailer Settles Race Discrimination Lawsuit for $105K

A furniture retailer and lessor based in Louisiana has agreed to pay a former employee $105,000 to settle a race discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. Affordable Rent-to-Own, LLC, doing business …

9 02, 2024

Chicken Processing Plant Fined $393K for Endangering Ohio Employees

By | February 9th, 2024|Uncategorized|Comments Off on Chicken Processing Plant Fined $393K for Endangering Ohio Employees

A chicken processing plant – with a long history of violations ‒ continues to ignore federal safety regulations and expose workers to multiple hazards while they process chickens for commercial sale, federal inspectors found. Inspectors with the U.S. Department of …

2 02, 2024

Cloudflare Says State-Backed Hackers Tried to Burrow Into its Global Network

By | February 2nd, 2024|Uncategorized|Comments Off on Cloudflare Says State-Backed Hackers Tried to Burrow Into its Global Network

Internet firm Cloudflare said in a statement on Thursday that an advanced group of hackers tried to burrow deep into its global network late last year but were thwarted. The company, which did not identify the hackers, said in a …