Pool Re, Britain’s government-backed terrorism reinsurer, has completed placement of a new retrocession programme with more than 60 international reinsurers. The placement provides £2.75 billion ($3.5 billion) aggregate excess of loss cover, increased from £2.4 billion ($3.0 billion), with Hannover …
UK Terrorism Reinsurer Pool Re Completes Expanded Retrocession Placement of £2.75B Read More »
Japan is battling its worst wildfire in four decades, forcing thousands of people to flee amid some of the driest weather on record. At least one person has been killed since the blaze broke out Feb. 26 near the the …
Japan Battles Worst Wildfire in 40 Years Amid Record Dry Season Read More »
South Korea tightened rules on carrying lithium batteries on planes from Saturday, highlighting a growing risk to flights worldwide from the batteries used in cellphones and e-cigarettes which can malfunction to produce smoke, fire or extreme heat. Last year three …
South Korea’s New Lithium Battery Rules on Planes Highlight Growing Risk for Aviation Read More »
Optio Group, the London-based independent specialty MGA, announced it has acquired Norwegian-based MGA S Insurance AS (S Insurance) for an undisclosed sum, subject to regulatory approval. This acquisition follows Optio’s acquisitions of Netherlands and-Brussels based MGA Den Hartigh and Luxembourg-based …
Optio Group Acquires Norwegian-Based Marine Hull Specialist MGA, S Insurance Read More »
The US Securities and Exchange Commission has kicked off the new year with a makeover, wiping clean its slate of crypto enforcement actions and turning what was once a hostile landscape for digital assets into a potential haven. In the …
SEC’s ‘Demolition’ of Crypto Enforcement Met With Cheers as Well as Jeers Read More »
The cancellation of nearly three-dozen cybersecurity contracts at the US Consumer Financial Protection Bureau endangers the security of sensitive data maintained by the federal watchdog, a former senior official at the bureau said in court documents filed Friday. Former CFPB …
CFPB Data Imperiled by Cybersecurity Contract Cancellation, Ex-Official Says Read More »
MEMPHIS, Tenn. (AP) — A Tennessee gynecologist was arrested Friday and accused of performing unnecessary procedures on patients with re-used medical devices held under unsanitary conditions. Dr. Sanjeev Kumar, 44, is charged with enticing four people to travel interstate to …
Tennessee Gynecologist Charged With Unnecessary Medical Procedures Read More »
The nightmare scenario of Atlantic Ocean currents collapsing, with weather running amok and putting Europe in a deep freeze, looks unlikely this century, a new study concludes. In recent years, studies have raised the alarm about the slowing and potential …
Computer Simulations Suggest Atlantic Current Shutdown Less Likely This Century Read More »
Florida’s chief financial officer, now a candidate for Congress, is backing a bill that would set up a trust fund that would help fund home hardening grants for years to come. Senate Bill 1466, sponsored by state Sen. Nick DiCeglie, …
Florida Bills Would Set up Limited Trust Fund for Home Hardening Grants Read More »
A Seattle tunnel subcontractor will pay more than $370,000 in back wages after underpaying workers on the project. The Washington State Department of Labor & Industries determined that Glacier Northwest Inc. failed to meet prevailing wage requirements, paying workers at …
Seattle Tunnel Subcontractor to Pay $370K to Underpaid Workers Read More »
