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Tag: insurance-journal

New York’s Lawley Acquires Connecticut’s Shoff Darby Agency
Insurance Journal | October 20, 2023
New York’s Lawley Acquires Connecticut’s Shoff Darby Agency
Buffalo-based independent agency Lawley has acquired Connecticut-based Shoff Darby Companies, Inc., in what Lawley says is it largest acquisition to date. Lawley will add four locations and 75 employees in Connecticut, as well as increase insurance and benefit products and …
Biggest Polluting Firms Failing on Short-Term Emissions Goals: Investor Pressure Group
Insurance Journal | October 20, 2023
Biggest Polluting Firms Failing on Short-Term Emissions Goals: Investor Pressure Group
Fewer than one in five of the world’s biggest polluting companies have short-term emissions reductions targets in line with keeping global temperature rises below 1.5 degrees Celsius, an investor pressure group said on Wednesday. The number of companies pledging to …
Storm Babet Hammers Scotland With Warnings of Risk to Life, Flooding
Insurance Journal | October 20, 2023
Storm Babet Hammers Scotland With Warnings of Risk to Life, Flooding
The UK’s Met Office warned of the possibility of severe flooding and loss of life in the northern part of the country for a second day as Storm Babet continues to hammer the region. Parts of eastern Scotland remain under …
Rhine River’s Low Water Levels Provide ‘Further Evidence’ of Climate Change
Insurance Journal | October 20, 2023
Rhine River’s Low Water Levels Provide ‘Further Evidence’ of Climate Change
The cost of shipping fuel along the Rhine river has surged as low water levels curb barges’ carrying capacity following a hot, dry September. The river is fed by glaciers and rain. But Alpine ice flows are declining each year …
Oil Tanker Sails to Israeli Red Sea Port to Avoid Conflict
Insurance Journal | October 20, 2023
Oil Tanker Sails to Israeli Red Sea Port to Avoid Conflict
An oil tanker is hauling a cargo of crude toward an Israeli Red Sea port that’s seldom used for crude deliveries after the nation’s main import terminal on the Mediterranean was disrupted by the conflict with Hamas. The shipment underscores …
Ransomware Criminals Aiming at Third-Party Vendors in Hunt for ‘Big Game’
Insurance Journal | October 20, 2023
Ransomware Criminals Aiming at Third-Party Vendors in Hunt for ‘Big Game’
Ransomware victims have become less likely to pay extortion demands, but cyber criminals are changing their tactics by hitting third-party vendors and using data exfiltration instead of encryption when making ransom demands, according to a new report by cyber insurer …
AIG’s CEO Sees Pandemic, Wars and Climate Change Among Biggest Risks
Insurance Journal | October 20, 2023
AIG’s CEO Sees Pandemic, Wars and Climate Change Among Biggest Risks
American International Group Inc. Chief Executive Officer Peter Zaffino said the biggest challenge to the insurance sector over the last decade has been “unpredictable risks” including the pandemic, wars and climate change. “We’ve had 100 natural disasters reported through nine …
Music Publishers File Suit in Tennessee Against AI Company Over Song Lyrics
Insurance Journal | October 20, 2023
Music Publishers File Suit in Tennessee Against AI Company Over Song Lyrics
Oct 18 (Reuters) – Music publishers Universal Music, ABKCO and Concord Publishing sued artificial intelligence company Anthropic in Tennessee federal court this week, accusing it of misusing an “innumerable” amount of copyrighted song lyrics to train its chatbot. The lawsuit …
Family Alleges Negligence, Discrimination in Lawsuit Over Autistic Prisoner’s Death
Insurance Journal | October 20, 2023
Family Alleges Negligence, Discrimination in Lawsuit Over Autistic Prisoner’s Death
Eleven days after 57-year-old Anthony Talotta arrived at a Pittsburgh jail, he died from what his family says was a treatable and preventable infection from a foot wound. Talotta, who had autism and developmental disabilities, had been brought to the …
Washington Commissioner Fines UnitedHealthcare $500K
Insurance Journal | October 20, 2023
Washington Commissioner Fines UnitedHealthcare $500K
Washington Insurance Commissioner Mike Kreidler imposed a $500,000 fine against UnitedHealthcare Insurance Company for reportedly failing to demonstrate how it administers its mental health and substance use disorder benefits in accordance with state and federal laws. Half of the fine …