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MS Amlin AG Appoints Swiss Re’s Wiest as CEO, Stepping Into Role Vacated by Beazley
Global reinsurer MS Amlin AG announced the appointment of Robert Wiest as chief executive officer. Wiest will take up the role on Jan. 3, 2022 and will be based in Zurich, Switzerland. He replaces Christopher Beazley who stepped down in …
POSTED SEPTEMBER 21, 2021 11:05 AM |
SEC Must Increase Cryptocurrency Oversight, Investor Advocates Say
Many cryptocurrency projects are flouting investor-protection rules and deserve more scrutiny, a group of investor advocates told Securities and Exchange Commission Chair Gary Gensler in a Monday letter. The letter, signed by the Americans for Financial Reform Education Fund, the …
POSTED SEPTEMBER 21, 2021 10:28 AM |
Russia-Linked Ransomware Group Hits Iowa Grain Cooperative, Violating Biden Warning
After a furious run of ransomware attacks in the first half of the year, President Joe Biden in July warned his Russian counterpart, Vladimir Putin, that Russia-based hacking groups should steer clear of 16 critical sectors of the U.S. economy. …
POSTED SEPTEMBER 21, 2021 10:01 AM |
Insurtech bolttech Extends Funding Round to $210M, Adding 2 New Investors
Insurtech startup bolttech announced the extension of its recently announced US$180 million Series A funding round led by Activant Capital Group, bringing the series total to US$210 million. The funding round adds two new strategic investors: Singapore-based global investor EDBI …
POSTED SEPTEMBER 21, 2021 9:13 AM |
Stanford Ponzi Scheme Recovery Tops $1 Billion With Help From Insurers
A court-appointed receiver has recouped more than $1 billion for victims of Texas financier Allen Stanford’s Ponzi scheme, the largest by dollar amount other than Bernard Madoff’s fraud, the receiver’s lawyers said on Monday. The threshold was crossed when Ralph …
POSTED SEPTEMBER 21, 2021 8:26 AM |
Southern Baptist Sex Abuse Task Force Advances in Investigation
The Rev. Marshall Blalock feels the weight of his new responsibility. The South Carolina pastor serves as vice chair of a recently formed Southern Baptist Convention task force charged with overseeing an investigation into how a top denominational committee handled …
POSTED SEPTEMBER 21, 2021 7:30 AM |
Alabama Heavy Rain, Flash Flooding Causes One Fatality
Authorities on Sunday found the body of a man whose vehicle was overtaken by water during flash flooding in Tuscaloosa the day before. A spokeswoman for the Tuscaloosa police, Stephanie Taylor, told Al.com that the man’s body was found shortly …
POSTED SEPTEMBER 21, 2021 6:00 AM |
California Issues 1-Year Moratorium on Homeowner Insurance Cancellations And Non-Renewals
California Insurance Commissioner Ricardo Lara on Monday ordered insurance companies to preserve residential insurance coverage for more than 325,000 policyholders who have been affected by Northern California wildfires across 22 counties. Lara in early September issued similar orders following emergency …
POSTED SEPTEMBER 20, 2021 9:36 PM |
California Contractors Charged in $5M Workers’ Comp Fraud Scheme
The Alameda County District Attorney’s Office along with the California Department of Insurance on Monday announced charges against multiple suspects in an organized insurance and workers’ compensation fraud scheme that reportedly defrauded insurance carriers over $5 million in estimated losses. …
POSTED SEPTEMBER 20, 2021 9:27 PM |
Minnesota Orders Enbridge to Pay $3M for Groundwater Leak
Minnesota regulators have ordered Enbridge to pay more than $3 million for allegedly violating state environmental law by piercing a groundwater aquifer during construction of the Line 3 oil pipeline replacement. The state Department of Natural Resources said Enbridge, while …
POSTED SEPTEMBER 20, 2021 4:41 PM |
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