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Category: Insurance Journal

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 …
Viewpoint: Role of Private Flood Insurance Has Room to Grow With NFIP Instability
Insurance Journal | October 30, 2024
Viewpoint: Role of Private Flood Insurance Has Room to Grow With NFIP Instability
Back-to-back hurricane landfalls in the span of less than two weeks have placed flood insurance in a new light for many inside and outside of the insurance industry, if not front and center. Images of flood and storm damage from …
JPMorgan Sues Customers Over Check Fraud Linked to Glitch That Went Viral
Insurance Journal | October 30, 2024
JPMorgan Sues Customers Over Check Fraud Linked to Glitch That Went Viral
JPMorgan Chase, the largest U.S. bank, has begun suing customers for check fraud, saying they improperly withdrew funds by taking illegal advantage of a temporary technical glitch that went viral on TikTok. The glitch in late August let customers deposit …