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Rebrandings Announced by Acrisure and Clear Group Subsidiaries in UK
Acrisure Announces Rebranding of UK Retail Broker Sutton Winson Sutton Winson has officially become the first of Acrisure’s nine retail insurance brokers to rebrand in the UK and has been legally renamed as Acrisure UK Broking Ltd. Acrisure, the Grand …
POSTED MAY 02, 2025 10:40 AM |
Apple Must Pay Optis $502 Million Lump Sum in UK Patent Dispute, Court Rules
Apple must pay a U.S. patent holder $502 million for the use of 4G patents in devices including iPhones and iPads, London’s Court of Appeal ruled on Thursday, in the latest stage of a long-running legal battle. Texas-based Optis Cellular …
POSTED MAY 02, 2025 9:30 AM |
Harrods Is Latest UK Retailer to Be Hit by Cyberattack
London department store Harrods said on Thursday hackers had attempted to break into its systems, the third high-profile cyber attack on a UK retailer in two weeks, following incidents at Marks & Spencer and the Co-op Group. British companies, public …
POSTED MAY 02, 2025 8:34 AM |
Denmark Plans $1 Billion War Insurance for Merchant Shipping
Denmark plans to set aside almost $1 billion to insure its merchant fleet in the event of a war or major crisis. The government proposed the new legislation as a “timely precaution,” according to a statement on Thursday. The funding …
POSTED MAY 02, 2025 8:10 AM |
Berkshire Outguns Market as Buffett Reaches 60 Years in Charge
Berkshire Hathaway BRKa.N has held up well in a rocky year for stocks, and shareholders this weekend will be seeking reassurance from Warren Buffett that they remain in good hands as tariff turmoil disrupts corporate America. At Saturday’s annual meeting …
POSTED MAY 02, 2025 5:21 AM |
Florida Citizens ‘Going Naked’ on Re Below Cat Fund Layer; Could Mean Assessment
Reinsurance prices have dropped since Florida’s 2022-2023 litigation reform measures were enacted, but the biggest rate reductions are mostly for reinsurance above what the Florida Hurricane Catastrophe Fund provides, Citizens Property Insurance Corp. officials said this week. “Rate reductions are …
POSTED MAY 02, 2025 5:01 AM |
California Attorney General Suing Cleaning Company Over ‘No-Poach’ Deals
California’s Attorney General has filed a lawsuit against a national sanitation company for allegedly using “no-poach” agreements. California Attorney General Rob Bonta announced the lawsuit this week against Packers Sanitiation Services, Inc. LTD., doing business as Fortrex (PSSI). The suit, …
POSTED MAY 02, 2025 5:00 AM |
Harvard Vows Reforms Following Internal Reports on Antisemitism and Anti-Arab Bias
Harvard University is promising to review its academic offerings and admissions policies in response to a pair of internal reports on antisemitism and anti-Arab prejudice at the Ivy League campus commissioned in the aftermath of last spring’s pro-Palestinian protests. Harvard …
POSTED MAY 02, 2025 5:00 AM |
Dashboard Shows New York City Paid Almost $2 Billion to Settle Claims in 2024
Last year, New York City settled 13,397 claims against it for a total cost of $1.94 billion, the most ever for one fiscal year, up from $1.5 billion in fiscal year 2023, the city’s financial monitor has reported. Police ($309.56 …
POSTED MAY 02, 2025 5:00 AM |
AIG Q1 Underwriting Income More Than Halved on Wildfire Losses
First quarter underwriting income in AIG’s General Insurance segment dropped 59% compared to last year, to $243 million. The unit—North America commercial, International commercial, and global personal—recorded $525 million in catastrophe-related charges in Q1 2025, compared to $106 million for …
POSTED MAY 01, 2025 8:30 PM |
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