The United States on Monday imposed sanctions on virtual currency mixer Tornado Cash, accusing it of helping hackers, including from North Korea, to launder proceeds from their cyber crimes. A senior Treasury Department official said Tornado Cash, one of the …
Policyholders of FM Global, which include one of every three Fortune 500 companies and similar size organizations worldwide, will collectively receive about $300 million in a first-of-its-kind ‘resilience credit,’ providing them with additional means to invest in climate resilience solutions. …
Florida’s agriculture commissioner, a Democratic candidate for governor, is on board with what many in the insurance industry have been asking for: utilizing the state’s hurricane catastrophe fund to provide lower-cost reinsurance to more property insurers. Commissioner Nikki Fried, who …
Steven Anderson joins Safety National’s Cyber Insurance Team Steven Anderson has joined the Safety National cyber insurance team as Director of Cyber Underwriting. Anderson will be based out of the company’s Dallas office. With nearly 30 years of industry experience, …
Three grain ships left Ukrainian ports on Friday while the first inbound cargo vessel since Russia’s invasion was due in Ukraine later in the day to load, as Kyiv called for the safe passage deal to be extended to other …
TOKYO (AP) – Hino Motors, a truck maker that’s part of the Toyota group, systematically falsified emissions data dating back as far as 2003, according to the results of an investigation released Tuesday. President Satoshi Ogiso bowed deeply at a …
MOSCOW – Russian e-commerce company Ozon said on Thursday it was still assessing the economic damage from a huge fire at its warehouse near Moscow, but that there were no significant risks to its liquidity and operational activities. At least …
World Insurance Associates LLC (WIA) announced its acquisitions of Consumers Choice Underwriters Inc. of Miramar, Florida on June 1, 2022. Terms of the transaction were not disclosed. Consumers Choice writes property/casualty insurance throughout Florida including homeowners, commercial and special event …
Russia appears to have found a new means of getting its oil to market with western sanctions looming for Moscow. A cargo of about 700,000 barrels of Russian oil was delivered to Egypt’s El Hamra oil terminal on its Mediterranean …
Insurer State Farm is fighting what it says is a fraudulent medical scheme that has been exploiting New Jersey’s personal injury protection (PIP) benefits law since 2014. The insurer is seeking to recover $2.6 million in what is claims are …