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Archive: October 2024

UK’s Reeves Raises Employers’ National Insurance Contributions
Insurance Journal | October 30, 2024
UK’s Reeves Raises Employers’ National Insurance Contributions
Finance minister Rachel Reeves said on Wednesday she would raise employers’ social security contributions to 15% from April, a major revenue raiser for a budget the government hopes will kick-start moves to turn around a flagging economy. Britain’s Labour government …
Allstate, Roberto Clemente Agency Settle Racial Bias, Fraud Dispute
Insurance Journal | October 30, 2024
Allstate, Roberto Clemente Agency Settle Racial Bias, Fraud Dispute
The son of the late Major League Baseball Hall of Famer Roberto Clemente and Allstate Insurance Co. have settled their disputes over Allstate’s cancellation of the Clemente Family Agency’s contract and allegations of racial bias. The parties have been in …
FTC Antitrust Merger Rules Issued After Rare, Bipartisan Compromise
Insurance Journal | October 30, 2024
FTC Antitrust Merger Rules Issued After Rare, Bipartisan Compromise
A new US antitrust rule requiring companies to give the government more information on their mergers and acquisitions came with a surprise twist: The Federal Trade Commission passed it with a rare 5-0 vote. The agency’s two Republican commissioners, who …
Helene-Caused IV Fluid Shortage to Affect Surgeries for Weeks
Insurance Journal | October 30, 2024
Helene-Caused IV Fluid Shortage to Affect Surgeries for Weeks
Surgery schedules around the country may be washed out for several more weeks while a crucial IV and sterile fluids factory remains shut down for hurricane-related damage. People often plan non-emergency surgeries in the fall and early-winter months when their …
King Risk Partners Acquires Connecticut’s Suzio Insurance
Insurance Journal | October 30, 2024
King Risk Partners Acquires Connecticut’s Suzio Insurance
Florida-based insurance broker King Risk Partners reports it has acquired Suzio Insurance Center, Inc., an independent insurance agency based in Meriden, Connecticut. Suzio Insurance Center was started in 1974 by the late Franklin Suzio and is currently headed by James …
Specialist Risk Group Acquires Bloodstock and Livestock Specialist Broker Stonehatch
Insurance Journal | October 30, 2024
Specialist Risk Group Acquires Bloodstock and Livestock Specialist Broker Stonehatch
Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of Stonehatch, a leading specialist bloodstock and livestock insurance broker. Financial details of the transaction were not disclosed. Founded in 2014 by Chris Williamson, London-headquartered Stonehatch has built a …
Toxic Waste That Set Off Global Outcry Seized by Albania’s Prosecutors
Insurance Journal | October 30, 2024
Toxic Waste That Set Off Global Outcry Seized by Albania’s Prosecutors
Albanian prosecutors ordered that containers filled with suspected hazardous industrial waste be seized after the cargo was forced to return to Europe from Southeast Asia. The prosecutors’ order Sunday directed customs authorities and the police to confiscate 102 containers for …
YouTube Forced to Play a Game of Legal Whack-a-Mole With Russia
Insurance Journal | October 30, 2024
YouTube Forced to Play a Game of Legal Whack-a-Mole With Russia
When YouTube blocked three Russian channels it said were controlled by sanctioned supporters of Vladimir Putin’s invasion of Ukraine, the US video company thought any disputes would be resolved in courts in California and England. It couldn’t have been more …
Super Typhoon Kong-Rey Threatens Another Halt of Taiwan Stock Exchange
Insurance Journal | October 30, 2024
Super Typhoon Kong-Rey Threatens Another Halt of Taiwan Stock Exchange
The most powerful typhoon in almost six decades threatening to barrel across Taiwan this late in the year has raised the prospect of another suspension of the island’s $2.5 trillion stock exchange by a storm. Super Typhoon Kong-Rey has intensified …
Police Summon CEO of Aviva India in Religion-Based Discrimination Case
Insurance Journal | October 30, 2024
Police Summon CEO of Aviva India in Religion-Based Discrimination Case
Indian police have asked Asit Rath, the chief executive of British insurer Aviva in the country, to join an inquiry into a former employee’s accusations of religious discrimination in the workplace, documents seen by Reuters showed. The investigation, in the …