Japan Post Holdings Co.’s insurance unit plans to buy back up to 29% of its shares for about 439.8 billion yen ($4 billion) as its parent company reduces its stake, giving the insurer more freedom to expand its business. Japan …

Losses from cryptocurrency theft, hacks and fraud fell sharply in the first four months of the year, but crime in the booming “decentralized finance” space hit an all-time high, a report from crypto intelligence company CipherTrace showed on Thursday. ...

The U.S. Securities and Exchange Commission (SEC) plans to propose a rule requiring that public companies disclose a range of workforce data as the agency steps up environmental, social and governance (ESG) disclosures, its new chair, Gary Gensler, sai...

Neptune Flood, an AI-driven flood insurance company, has launched sbaflood.com designed for SBA borrowers to obtain commercial flood insurance. Both owners and tenants are eligible for commercial flood insurance through the new platform. Government bac...

A tornado ripped off roofs, knocked down utility poles and cut off power to thousands in New Orleans early on May 12, but no serious injuries were reported in what one city official called an unexpected “dry run” for the …

A hazardous materials team rescued a worker who was overcome by fumes on May 12 inside a suburban Des Moines, Iowa, food packaging manufacturing plant. The incident occurred just after 8 a.m. at Amcor in Saylor Township, television station KCCI …

A fire on May 11 caused extensive damage at a strip mall in Fargo. The three-alarm fire broke out in Bodyworks Physical Therapy in the afternoon and spread to Gigi’s Playhouse which serves individuals with Down syndrome, according to authorities. …

Written premium for 2020 was 13% below the previous year, and was at the lowest since 2012, a new report out on Thursday shows. The Workers’ Compensation Rating Bureau of California Quarterly Experience Report, which is as of Dec. 31, …

Legislation that would ban abortions after as early as six weeks — before many women know they are pregnant — and let virtually any private citizen sue abortion providers and others was given final approval by lawmakers on May 13 …

California Insurance Commissioner Ricardo Lara called for property insurers in the state to step up and do more to help residents and businesses deal with wildfires. Lara on Thursday gave an update on the actions and communities in the state …

A Florida man has been arrested for workers’ compensation premium fraud and additional charges for allegedly concealing payroll information to avoid paying more than $193,000 in workers’ compensation premiums, according to a statement from the Florida ...

Florida Gov. Ron DeSantis declared a state of emergency Tuesday evening in response to gasoline shortages caused the shutdown of a major pipeline by hackers. The executive order signed by DeSantis activates the Florida National Guard, as needed, and di...

A life insurance company based in Little Rock, Arkansas, will pay $90,000 to settle a retaliation discrimination lawsuit, federal officials say. According to the U.S. Equal Employment Opportunity Commission (EEOC), USAble Life (USAL), which also has a ...

Hurricane Zeta, which swept through southeast Louisiana at the tail end of the 2020 hurricane season, has been upgraded to a major, Category 3 storm at Louisiana landfall, according to a federal report released on May 11 that underscored the …

A sweeping bill that would shield Nebraska businesses and local governments from coronavirus-related lawsuits won initial approval from state lawmakers on May 11, despite complaints that senators haven’t done enough for workers who were at risk. Lawmak...

Staff at the University of Michigan missed many opportunities to stop a doctor who committed sexual misconduct for decades with long-term consequences for hundreds of patients, including generations of student athletes, a law firm hired by the school h...

A bill recently passed out of the Texas House of Representatives Insurance Committee would secure the right of an auto insurance policyholder to challenge their insurance company’s appraisal of a loss if they don’t agree with it. House Bill 2534 …

Fort Worth, Texas-based independent insurance and financial services firm, Higginbotham, has partnered with Haik Insurance, an independent broker in Lafayette, Louisiana, to establish Higginbotham’s third office in Louisiana, With the transaction, Haik...

This wrap-up of international People Moves details recent appointments at AXA XL and MS Amlin. To meet the growing demand for underwriting expertise in Canada, AXA XL announced that it has added five Toronto-based underwriters to its core Canadian team. …

Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, contradicting reports earlier this week that the company had no intention of paying an extortion fee to help restore the country’s largest fuel pipeline, according to t...

A Willamette Valley, Ore., grass seed dealer accused of mislabeling over 8 million pounds of seed will pay $300,000 in a settlement with Oregon state agriculture officials. Dynamic Seed Source LLC and owner Trevor Abbott have agreed to pay the …

Connecticut officials on Monday proposed an additional $280 million in funding for nursing homes in an effort to avoid strikes by nearly 4,000 health workers that are set to begin Friday if negotiations fail. Democratic Governor Ned Lamont’s budget dir...

Airbus SE and Air France-KLM could face charges of involuntary manslaughter over the deadly crash of a Paris-bound plane off the Brazilian coast over a decade ago. The Paris appeals court ruled Wednesday that the case should be taken to …

Mitchell | Genex | Coventry, a provider of cost containment technology, provider networks, clinical services, pharmacy benefit management (PBM) and disability management, has entered into a definitive agreement to acquire QualCare Alliance Networks Inc...

The commercial auto insurance segment posted its best underwriting result in a decade in 2020, thanks to continued big rate increases and a big drop in driving due to the coronavirus pandemic. According to a Fitch Ratings report, the commercial …

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, has formed a partnership with green finance managing general agency, Tierra Underwriting Ltd. ArgoGlobal is providing $25 million in underwriting capacity to support the MGA, supporting Tierra U...

President Joe Biden on Wednesday signed an executive order intended to strengthen U.S. cybersecurity by improving information sharing about attacks with the private sector and adopting better safety practices throughout the government. It also seeks to...

Insurance broker Miller has launched a professional indemnity (PI) product designed specifically for solicitors operating on a self-employed basis. The product was developed following reforms introduced in November 2019 by the Solicitor’s Regulation Au...

Colonial Pipeline has cyber insurance arranged by broker Aon, with Lloyd’s of London insurers AXA XL and Beazley among the underwriters, three sources told Reuters on Thursday. Colonial Pipeline has begun to restart the nation’s largest fuel pipeline n...

Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of specialist Irish liability and property managing general agent (MGA), Blackrock Insurance Solutions. Financial details of the acquisition were not disclo...