28 03, 2023

World Insurance Acquires Finger Lakes Partners Insurance

By | March 28th, 2023|Uncategorized|Comments Off on World Insurance Acquires Finger Lakes Partners Insurance

National insurance broker World Insurance Associates has acquired the business of Finger Lakes Partners Insurance Services Inc. of Geneva, New York. Finger Lakes was formed in 2007 with the merger of Chacchia & Parrott and Henry Shepard Smith. In addition …

28 03, 2023

Boy Scouts of America Bankruptcy Plan Upheld Despite Insurers’ Objections

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A federal judge on March 28 denied an appeal, largely made by insurers, to strike down the Boy Scouts of America’s nearly $2.5 billion reorganization plan approved last year to allow the organization to settle tens of thousands of sexual …

28 03, 2023

Georgia Lawmakers Approve Lower Uninsured Motorist Coverage for Ride Sharing

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The Georgia General Assembly on Monday approved a bill that would require lower minimum amounts of uninsured motorist coverage for ride-sharing and taxi companies. But a measure that would mandate premium discounts for property owners who fortify their homes against …

28 03, 2023

St. Louis Sues Hyundai, Kia Over Car Thefts

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The city of St. Louis, Missouri, said on Monday it was joining a number of major U.S. cities that are suing Korean automakers Hyundai Motor 005380.KS and Kia Corp 000270.KS for failing to install anti-theft technology in millions of their …

28 03, 2023

Train Derails in Rural North Dakota, Spills Chemical

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WYNDMERE, N.D. (AP) – A Canadian Pacific train derailed in rural North Dakota Sunday night and spilled hazardous materials, but local authorities and the railroad said there is no threat to public safety. There were no injuries and no fire …

28 03, 2023

Fire Damages Ohio Complex Housing Wright Brothers Plane Factory

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DAYTON, Ohio (AP) – An early morning fire damaged a commercial building complex housing a historic factory founded by the Wright Brothers in Ohio on Sunday, authorities said. Dayton fire crews were sent to the site just before 2:30 a.m. …

28 03, 2023

Death Row Minister Files $10M Defamation Suit Against Oklahoma Corrections Agency

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OKLAHOMA CITY (AP) – A death row minister who was inside the execution chamber during Oklahoma’s last lethal injection sued the Department of Corrections for $10 million on Friday, alleging the agency and its spokesman defamed him in a statement …

28 03, 2023

People Moves: Watkins Insurance Group Appoints of Two Shareholders

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Watkins Insurance Group Appoints of Two Shareholders Watkins Insurance Group has announced the appointment of Joe Guyton and John Aoueille as two new shareholders. With over a decade of commitment to the agency, Guyton and Aoueille have demonstrated their expertise …

27 03, 2023

Ransomware Attack to Hit Revenue at India’s Top Drugmaker

By | March 27th, 2023|Uncategorized|Comments Off on Ransomware Attack to Hit Revenue at India’s Top Drugmaker

Sun Pharmaceutical Industries Ltd. expects revenue to fall as measures taken by India’s top drugmaker to contain an information technology security breach in early March impacted operations. A ransomware group has claimed responsibility for the incident, which included a breach …

27 03, 2023

Credit Suisse Bondholders Seek Legal Advice on Wipe-out of AT1 Bonds

By | March 27th, 2023|Uncategorized|Comments Off on Credit Suisse Bondholders Seek Legal Advice on Wipe-out of AT1 Bonds

Credit Suisse bondholders are seeking legal advice after the Swiss regulator ordered 16 billion Swiss francs ($17.5 billion) of Additional Tier-1 (AT1) debt to be wiped out under its rescue takeover by UBS. These higher-yielding junior bonds emerged from the …