News Center
News Archives - Insurance Journal
T-Mobile Engineers Spotted Hackers Running Commands on Routers
Suspicious behavior on T-Mobile US Inc.’s network devices tipped off the company to a breach that was potentially part of a sprawling cyber-espionage campaign that has raised urgent questions about the exposure of a critical sector of the economy. Jeff …
POSTED DECEMBER 02, 2024 1:35 PM |
West Haven Gains $1 Million From Insurance for Employees’ Theft of Covid Funds
The Connecticut city of West Haven said it is being reimbursed more than $1 million from its insurer to cover the cost of federal pandemic relief funds stolen three years ago by two city employees. Then-state Rep. Michael DiMassa and …
POSTED DECEMBER 02, 2024 1:32 PM |
British Columbia Can Mount Opioid Class Action, Canada’s Top Court Says
The province of British Columbia can bring a class action lawsuit against pharmaceutical companies for opioid harms on behalf of multiple governments across Canada, the country’s Supreme Court ruled on Friday. In 2018, BC sued more than 40 drug manufacturers, …
POSTED DECEMBER 02, 2024 12:24 PM |
Arthur J. Gallagher & Co. Acquires UK-Based Caytons Law
Arthur J. Gallagher & Co. announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired the UK-based operations of Caytons Law LLP. Terms of the transaction were not disclosed. Caytons is a claims and legal management firm …
POSTED DECEMBER 02, 2024 9:42 AM |
China’s ByteDance Seeks $1.1M in Damages From Ex-Intern in AI Breach Case: Report
China’s ByteDance is suing a former intern for $1.1 million, alleging he deliberately attacked its artificial intelligence large language model training infrastructure, a case that has drawn widespread attention within China amid a heated AI race. The parent company of …
POSTED DECEMBER 02, 2024 9:35 AM |
International Court Begins Hearings That May Shape Global Climate Litigation
The United Nations’ top court [this] week begins hearings on the legal obligation of countries to fight climate change and the consequences for states of contributing to global warming, the outcome of which could influence litigation worldwide. While the advisory …
POSTED DECEMBER 02, 2024 9:11 AM |
Private Equity Tie-Ups With Insurers Create Risks, BOE Says
Private equity’s advance into the insurance sector exacerbates the risk of “fire sales” that disrupt the functioning of financial markets, the Bank of England warned. A growing number of PE firms in the US have acquired life insurers, while British …
POSTED DECEMBER 02, 2024 8:59 AM |
Bank of England Finds Non-Bank Financial Firms Pose Wider Risks in Crisis Periods
Non-bank financial institutions such as hedge funds remain vulnerable to a sudden financial shock and would not all be able to access the funding they would need in such a crisis, the Bank of England said on Friday. Announcing the …
POSTED DECEMBER 02, 2024 8:26 AM |
Zoom Offers $18 Million to Settle SEC Privacy Probe From 2020
Zoom Communications Inc. has offered $18 million to settle a four-year-old US Securities and Exchange Commission probe related to its privacy policies and communications. In the most recent quarter, the company recorded an $18 million expense for a “tentative settlement …
POSTED DECEMBER 02, 2024 6:07 AM |
Microsoft Faces Wide-Ranging Antitrust Probe
The U.S. Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter said on Wednesday. The probe was approved by FTC Chair Lina Khan …
POSTED DECEMBER 02, 2024 6:05 AM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does One Choice Insurance confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|