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Tag: insurance-journal

Taiwan Military Says Hackers Sold Telecom Giant’s Data on Web
Insurance Journal | March 1, 2024
Taiwan Military Says Hackers Sold Telecom Giant’s Data on Web
Taiwan’s military said hackers sold data stolen from the island’s biggest telecom company on the internet, the latest challenge to the democratically run island’s cybersecurity. The leaked documents that related to the military didn’t contain confidential information, the Defense Ministry …
Job Cuts, Fleeing Investors: How Anti-DEI Lawsuits Take a Toll on Targets
Insurance Journal | March 1, 2024
Job Cuts, Fleeing Investors: How Anti-DEI Lawsuits Take a Toll on Targets
Elizabeth Gore is fighting for survival. Just six months ago, the founder of financial technology startup Hello Alice was getting ready to close an investment round to grow its business offering grants and networking opportunities to entrepreneurs from underrepresented groups. …
Drugmaker Endo Reaches $465M Bankruptcy Settlement With US
Insurance Journal | March 1, 2024
Drugmaker Endo Reaches $465M Bankruptcy Settlement With US
Bankrupt drugmaker Endo International will pay up to $465 million to settle the federal government’s law enforcement, tax, and healthcare cost claims, the U.S. Department of Justice said on Thursday. The settlement removes Endo’s largest obstacle to completing its plan …
UnitedHealth Says ‘Blackcat’ Group Behind Recent Hack
Insurance Journal | March 1, 2024
UnitedHealth Says ‘Blackcat’ Group Behind Recent Hack
UnitedHealth Group said on Thursday the recent cyberattack at its tech unit, Change Healthcare, was perpetrated by hackers who identified themselves as the “Blackcat” ransomware group. The statement confirms a Reuters report on Monday. UnitedHealth had initially blamed a “suspected …
Sierra Club Testing Finds High Levels of ‘Forever’ Chemicals in Water in NE Tennessee
Insurance Journal | March 1, 2024
Sierra Club Testing Finds High Levels of ‘Forever’ Chemicals in Water in NE Tennessee
High levels of “forever chemicals,” including poly-fluoroalkyl, or PFAS compounds, have been found in northeastern Tennessee rivers and drinking water supplies, likely from wastewater sludge that is spread on farms as fertilizer, the Sierra Club’s Tennessee Chapter said in a …
Maryland Expects $238M From Opioid Makers and Pharmacies
Insurance Journal | March 1, 2024
Maryland Expects $238M From Opioid Makers and Pharmacies
Maryland Attorney General Anthony G. Brown reported that his Opioids Enforcement Unit has finalized settlements with Teva, Allergan, Walmart, and Walgreens, after multi-year investigations of these opioids-makers’ or chain pharmacies’ involvement in the opioid crisis in the state. The settlements …
People Moves: Braverman and Bill join Lockton Lawyers Professional Liability Practice
Insurance Journal | February 29, 2024
People Moves: Braverman and Bill join Lockton Lawyers Professional Liability Practice
Lockton, headquartered in the Kansas City metropolitan area, named Eric Braverman and Eric Bill to its lawyers professional liability practice. Both are based in Chicago. Braverman joins as senior vice president, professional services practice leader. He brings 20 years of …
Insurers Offer Tips for Residents to Navigate Texas Wildfires
Insurance Journal | February 29, 2024
Insurers Offer Tips for Residents to Navigate Texas Wildfires
The Smokehouse Creek Fire has grown to more than 1 million acres in the Texas Panhandle, making it the second-largest wildfire in state history. The fire is 3% contained as of Thursday morning according to officials with the Texas A&M …
RT Specialty Adds Cyber Liability to its Proprietary Digital Platform
Insurance Journal | February 29, 2024
RT Specialty Adds Cyber Liability to its Proprietary Digital Platform
RT Specialty, the wholesale distribution division of Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, announced addition of Cyber Liability to its proprietary digital platform, RT Connector. RT Connector allows retail insurance agents to access multiple lines of …
People Moves: Fusion Specialty Appoints Harwood for APAC M&A Team; Specialty MGA Nirvana Hires García-Beltrán to Grow European Cyber SME Portfolio
Insurance Journal | February 29, 2024
People Moves: Fusion Specialty Appoints Harwood for APAC M&A Team; Specialty MGA Nirvana Hires García-Beltrán to Grow European Cyber SME Portfolio
This edition of International People Moves details appointments at the managing general agents Fusion Specialty and Nirvana. A summary of these new hires follows here. Fusion Specialty Appoints Harwood for M&A in Asia Pacific Fusion Specialty, a Sydney-based MGA platform …