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Inigo Owners Said to Weigh Options for Lloyd’s of London Insurer
The owners of Inigo Ltd. are exploring options for the British specialist insurance group including a potential sale, according to people familiar with the matter. The shareholders, which include buyout firm JC Flowers & Co. and Qatar Investment Authority, are …
POSTED DECEMBER 04, 2024 6:15 AM |
US Official Fighting Chinese Telecom Intrusions Urges More Encryption
A senior U.S. official who is among those working to evict alleged Chinese hackers from American telecom companies has a word of advice for his fellow Americans: Use encryption. During a call with reporters on Tuesday, Cybersecurity and Infrastructure Security …
POSTED DECEMBER 04, 2024 6:11 AM |
FTC Hits Pair of Data Brokers for Unlawfully Tracking and Selling Consumer Data
The Federal Trade Commission said it has issued an order prohibiting data brokers Mobilewalla and Gravy Analytics from selling consumer data without consent—including location information related to visits to healthcare facilities, places of worship, and participation in protests. According to …
POSTED DECEMBER 04, 2024 6:06 AM |
High-Net-Worth Insureds’ Top Concerns: Climate, Collectibles and Cyber
A new report on emerging risks affecting wealthy households — those with assets of $500,000 to $5 million — highlights climate change, theft of collectibles and cybersecurity as top concerns. Chubb’s new “2024 Wealth Report: Cultivating Resilience in a Changing …
POSTED DECEMBER 04, 2024 6:05 AM |
Despite IRS Scrutiny, Micro-Captives Growing Like Weeds in Hard Florida Market
Despite continued uncertainty over the future of federal tax rules on micro-captive insurance companies, the instruments seem to be increasingly popular for small businesses, especially in Florida, where rates for traditional commercial insurance have soared in recent years. SRA 831(b) …
POSTED DECEMBER 04, 2024 6:01 AM |
California Teen Suspected of Being a Member of Scattered Spider Hacking Gang
An accused teenage hacker who was arrested last month in California is suspected of being a member of the notorious cybercrime group Scattered Spider, according to several people familiar with the matter. U.S. prosecutors charged Remington Ogletree on Oct. 30 …
POSTED DECEMBER 04, 2024 6:00 AM |
New Jersey Shore Resort Town and State Settle Litigation Over Deteriorating Beaches
A decadelong conflict over the condition of a New Jersey resort town’s beaches, involving tens of millions of dollars in litigation and fines, could come to an end soon. Patrick Rosenello, the mayor of North Wildwood, says his town has …
POSTED DECEMBER 04, 2024 6:00 AM |
People Moves: Bertoldi Joins Alliant to Lead Litigation Insurance Practice
Jason Bertoldi has joined Alliant Insurance Services, headquartered in Irvine, California, as global team leader, litigation and contingent risk insurance. Bertoldi assists clients in obtaining bespoke contingent risk insurance policies and structuring transactions that incorporate insurance policies as investment collateral. …
POSTED DECEMBER 04, 2024 6:00 AM |
Brewery Managers Caught With Hands in Tip Jar, Says US Department of Labor
The U.S. Department of Labor’s Wage and Hour Division reports that it found Pennsylvania’s Sly Fox Brewing Co. unlawfully kept a portion of the tips earned by workers, allowing managers to participate in the restaurant’s tip pool, a violation of …
POSTED DECEMBER 04, 2024 6:00 AM |
E. Coli Outbreak Tied to McDonald’s Quarter Pounders Has Ended, CDC Says
The U.S. Centers for Disease Control and Prevention said on Tuesday that the E. coli outbreak linked to McDonald’s Quarter Pounder hamburgers is over and the investigation has been closed. As of Dec. 3, the CDC said 104 people have …
POSTED DECEMBER 03, 2024 5:51 PM |
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