Mosaic Insurance, the Bermuda-based global specialty insurer, has entered the digital asset market, launching a combined cyber and financial institutions (FI) crime product that provides robust protection to the rapidly growing, yet historically underserved sector. The new modular product suite …
Markets/Coverages: Mosaic Offers Cyber/Financial Institutions Cover for Digital Assets Read More »
The insurance agency franchise Freeway Insurance is now operating in 28 states with the opening of its newest office in Danbury, Connecticut. In addition to the new Connecticut location, recent openings have included offices in Alabama, Colorado, Florida, Georgia, Illinois, …
Freeway Insurance Expands to Its 28th State With Connecticut Opening Read More »
Amazon faces two mass lawsuits from retailers and consumers worth up to 4 billion pounds ($5.4 billion) for allegedly abusing its dominant position, after a London tribunal on Thursday certified the cases could proceed. Andreas Stephan, a competition law academic, …
Amazon Faces UK Lawsuits Worth Up to $5.4 Billion From Retailers, Consumers Read More »
Ust-Luga, Russia’s largest port in the Baltic Sea, is insisting that ships’ hulls are inspected before the vessels are allowed to enter the facility, a sign of how a string of mystery blasts involving tankers that went to Russia are …
Russia’s Ust-Luga Port Orders Vessel Checks After Mystery Blasts Read More »
Foreign oil tankers are being temporarily barred from loading at Russia’s main Black Sea ports following new regulations, two industry sources said on Wednesday [July 23], effectively blocking exports from Kazakhstan handled largely by a consortium partly owned by U.S. …
Kazakh Black Sea Oil Exports Halted by New Russian Regulations, Sources Say Read More »
A federal judge dismissed a lawsuit accusing Intel of defrauding shareholders by concealing problems in a business where it manufactured chips for outside customers, leading to a $32 billion one-day plunge in its market value. While saying she “understands plaintiffs’ …
Intel Beats Shareholder Lawsuit Over $32 Billion Stock Plunge Read More »
Artificial Intelligence Underwriting Company (AIUC) is coming out of stealth mode with a $15 million seed round. The San Francisco-based company said July 23 that it seeks to unlock the “next wave of artificial intelligence (AI) progress by building the …
AIUC Emerges From Stealth With $15M Seed to Help Enterprises Deploy AI Safely Read More »
Along with analyzing risk, a risk manager’s core function is to offload as much risk as possible as cost-effectively as possible. While meeting this goal is generally thought of as assembling the right insurance portfolio at the best price, transferring …
Viewpoint: Back to Basics – Risk Transfer Through Contracts and Insurance Read More »
If you’ve felt a shift in driver behavior on Pacific Northwest roads, a recent poll suggests you’re not alone. A survey of Washington and Oregon residents by PEMCO Mutual Insurance found that many motorists are seeing increases in rudeness on …
Poll Shows Pacific Northwest Drivers Are Seeing Increases in Roadway Rudeness Read More »
The Trump Administration has denied Maryland’s request for federal disaster aid for damage caused by severe storms and flooding on May 13 and 14 in Allegany and Garrett Counties in the western part of the state. Gov. Wes Moore said …
FEMA Denies Maryland Disaster Aid Request for Western Counties Hit by May Floods Read More »
