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Seafarers Can Refuse to Sail Through Red Sea as Houthis Step Up Attacks: Industry
Insurance Journal | February 20, 2024
Seafarers Can Refuse to Sail Through Red Sea as Houthis Step Up Attacks: Industry
Seafarers have the right to refuse to sail on ships passing through the Red Sea in a new industry agreement as the situation escalates and further vessels are attacked by Yemen’s Iran-aligned Houthis, a labor union and industry groups said …
Remote Workers Often First to Get Laid Off Despite Legal Risk
Insurance Journal | February 20, 2024
Remote Workers Often First to Get Laid Off Despite Legal Risk
Remote workers are more likely to be laid off or miss out on promotion opportunities than their peers who work in the office or in hybrid environments, potentially exposing employers to costly discrimination lawsuits. A January survey from Live Data …
Italy’s Fondazione CRT Lifts Stake in Generali to 2%, Its Chairman Says
Insurance Journal | February 20, 2024
Italy’s Fondazione CRT Lifts Stake in Generali to 2%, Its Chairman Says
Italy’s Fondazione CRT has increased its stake in insurer Generali around 2% after selling its entire holding in Italian bank Banco BPM last week, its chairman Fabrizio Palenzona said on Tuesday. “We are and will remain on the 2% threshold,” …
Truist Nears Sale of Insurance Arm to Stone Point, CD&R
Insurance Journal | February 20, 2024
Truist Nears Sale of Insurance Arm to Stone Point, CD&R
Truist Financial Corp. is nearing a deal to sell a majority stake in its insurance brokerage business to Stone Point Capital and Clayton Dubilier & Rice, people familiar with the matter said. The sale of the stake in Truist Insurance …
Amazon Joins Companies Arguing NLRB Is Unconstitutional
Insurance Journal | February 20, 2024
Amazon Joins Companies Arguing NLRB Is Unconstitutional
Amazon.com has joined rocket maker SpaceX and grocery chain Trader Joe’s in claiming that a U.S. labor agency’s in-house enforcement proceedings violate the U.S. Constitution, as the retail giant faces scores of cases claiming it interfered with workers’ rights to …
South Carolina Lawmakers Mulling Liquor Liability Fund to Ease Coverage Crisis
Insurance Journal | February 20, 2024
South Carolina Lawmakers Mulling Liquor Liability Fund to Ease Coverage Crisis
Businesses and homeowners will be familiar with insurers of last resort – the state-created, quasi-governmental organizations that provide property and liability coverage when the primary market won’t. These include windstorm underwriting associations or corporations in a number of states, a …
Northeast Warned to Expect More Floods Like This Winter’s
Insurance Journal | February 20, 2024
Northeast Warned to Expect More Floods Like This Winter’s
After back-to-back storms lashed the Northeast in January, rental properties Haim Levy owns in coastal Hampton, New Hampshire, were hammered by nearly two feet of water, resulting in hundreds of thousands of dollars in damage and causing him to evacuate …
Inszone Acquires Entertainment Specialist Truman Van Dyke in California
Insurance Journal | February 20, 2024
Inszone Acquires Entertainment Specialist Truman Van Dyke in California
Inszone Insurance Services acquired entertainment insurance agency Truman Van Dyke Co. Truman Van Dyke was founded by Truman Van Dyke Sr. and Truman Van Dyke Jr. Van Dyke Sr. transitioned from a silent film actor to an insurance agent, catering …
Trump Avoids ‘Corporate Death Penalty’ in Civil Fraud Case, But Business Will Get Slammed
Insurance Journal | February 20, 2024
Trump Avoids ‘Corporate Death Penalty’ in Civil Fraud Case, But Business Will Get Slammed
Donald Trump won’t face the corporate death penalty after all. A New York judge on Friday spared the ex-president that worst case punishment as he ruled in a civil case alleging Trump fraudulently misrepresented financial figures to get cheaper loans …
FBI, UK Crime Agency Say They Have Disrupted LockBit Cyber Gang
Insurance Journal | February 20, 2024
FBI, UK Crime Agency Say They Have Disrupted LockBit Cyber Gang
A coalition of international law enforcement agencies, including the FBI and UK National Crime Agency, said they have disrupted LockBit, one of the most prolific hacker groups of all time, including shutting down websites the organization used for ransomware payments. …