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Archive: September 2022

Mississippi State Sorority Treasurer Sentenced in $4M Embezzlement
Insurance Journal | September 20, 2022
Mississippi State Sorority Treasurer Sentenced in $4M Embezzlement
A woman has been sentenced to nearly four years in federal prison and ordered to pay nearly $3 million in restitution for embezzling money from a Mississippi State University sorority. The Northeast Mississippi Daily Journal reports that Betty Jane Cadle, …
Coalition of Insurers, Pension Funds Commit $7.1 Trillion to Support 1.5°C Climate Goal
Insurance Journal | September 20, 2022
Coalition of Insurers, Pension Funds Commit $7.1 Trillion to Support 1.5°C Climate Goal
A coalition of pension funds and insurance companies that includes Allianz SE, the California Public Employees’ Retirement System and Zurich Insurance Group AG have committed to managing $7.1 trillion of assets in line with the Paris Agreement’s goal of limiting …
Study: Four Major Tipping Points Close to Triggering Hotter Temps
Insurance Journal | September 20, 2022
Study: Four Major Tipping Points Close to Triggering Hotter Temps
Even if the world somehow manages to limit future warming to the strictest international temperature goal, four Earth-changing climate “tipping points” are still likely to be triggered, with a lot more looming as the planet heats more after that, a …
Chubb in Advanced Bancassurance Talks With Hong Kong’s Hang Seng Bank: Sources
Insurance Journal | September 20, 2022
Chubb in Advanced Bancassurance Talks With Hong Kong’s Hang Seng Bank: Sources
Chubb Ltd. is in advanced talks to form an insurance partnership with Hang Seng Bank Ltd., a Hong Kong-based lender majority owned by HSBC Holdings Plc, according to people familiar with the matter. The parties are hammering out the details …
Mexico Struck by Powerful 7.5 Magnitude Earthquake on Fateful Anniversary
Insurance Journal | September 20, 2022
Mexico Struck by Powerful 7.5 Magnitude Earthquake on Fateful Anniversary
MEXICO CITY – A magnitude 7.6 earthquake struck western Mexico on Monday on the anniversary of two devastating temblors, killing at least two people, damaging buildings, knocking out power and sending residents of Mexico City scrambling outside for safety. Two …
Uber Says Lapsus$-Linked Hacker Responsible for Breach
Insurance Journal | September 20, 2022
Uber Says Lapsus$-Linked Hacker Responsible for Breach
Uber Technologies Inc said on Monday a hacker affiliated with the Lapsus$ hacking group was responsible for a cyber attack that forced the ride-hailing company to shut several internal communications temporarily last week. Uber said the attacker had not accessed …
U.S. States Ask Appeals Court to Reinstate Facebook Lawsuit
Insurance Journal | September 20, 2022
U.S. States Ask Appeals Court to Reinstate Facebook Lawsuit
A big group of U.S. states, led by New York, argued to an appeals court Monday that it should reinstate an antitrust lawsuit against Meta’s Facebook because of ongoing harm from the company’s actions and because the states had not …
Weachter Agency in Tampa Joins Renaissance Alliance
Insurance Journal | September 20, 2022
Weachter Agency in Tampa Joins Renaissance Alliance
Tampa-based Rip Weachter Insurance agency has become part of the Renaissance Alliance, a rapidly growing national network of independent agencies. Rip Weachter, founded in 1989, offers personal lines, commercial lines, contractors’ liability, workers’ compensation and cyber insurance coverage, the companies …
Smart Choice Makes Tennessee Agency Its 22nd Acquisition
Insurance Journal | September 20, 2022
Smart Choice Makes Tennessee Agency Its 22nd Acquisition
Smart Choice, a network of independent agents, has acquired Carriage Hill Insurance, an agency in Tennessee. The agency has $4 million in annual revenue, with offices in Lenoir City, Oak Ridge, Brentwood and Athens, Tennessee. The owner, Todd Henderson, now …
Trial Lawyers Back Republican in Florida House Race, Insurers Favor Democrat
Insurance Journal | September 20, 2022
Trial Lawyers Back Republican in Florida House Race, Insurers Favor Democrat
In a twist of fate and a sign of the times, some Florida business groups are backing the Democrat in a state House race in the Tampa area, while trial lawyers are putting their weight behind the Republican challenger. The …