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News – Insurance Journal
Aon and Willis Towers Watson to Terminate $30B Merger; Aon to Pay $1B Fee to WTW
Aon plc and Willis Towers Watson announced that the firms have agreed to terminate their $30 billion business combination agreement and end litigation with the U.S. Department of Justice (DOJ). The proposed combination was first announced on March 9, 2020. …
POSTED JULY 26, 2021 12:15 PM |
Software Firm Attacked on July 4 Mum on How It Got Decryption Key
The Florida company whose software was exploited in the devastating Fourth of July weekend ransomware attack, Kaseya, has received a universal key that will decrypt all of the more than 1,000 businesses and public organizations crippled in the global incident. …
POSTED JULY 26, 2021 12:15 PM |
Global Supply Chains Driven to Breaking Point on New COVID Wave, Natural Disasters
LONDON/BEIJING – A new worldwide wave of COVID-19. Natural disasters in China and Germany. A cyber attack targeting key South African ports. Events have conspired to drive global supply chains towards breaking point, threatening the fragile flow of raw materials, …
POSTED JULY 26, 2021 11:07 AM |
Florida COVID Cases Jump 65% From Previous Week
Florida’s COVID-19 hospitalizations and cases again jumped significantly this week as the vaccination rate in rural counties where some of the worst outbreaks are occurring remains well below the state and national averages. About 5,300 Floridians are now hospitalized with …
POSTED JULY 26, 2021 9:00 AM |
Climate Models May Have Underestimated Impact of Extreme Weather Events
As scientists gather online to finalize a long-awaited update on global climate research, recent extreme weather events across the globe highlight the need for more research on how it will play out, especially locally. The list of extremes in just …
POSTED JULY 26, 2021 8:20 AM |
China’s Financial Hub of Shanghai at Virtual Standstill as Typhoon In-Fa Makes Landfall
China’s financial hub of Shanghai was at a virtual standstill as a massive typhoon that swept across eastern China over the weekend threatened more damage as it makes landfall on Monday, after forcing the evacuation of hundreds of thousands of …
POSTED JULY 26, 2021 8:01 AM |
Appeals Court Blocks CDC Pandemic Restrictions For Florida-Based Cruises
Pandemic restrictions on Florida-based cruise ships are no longer in place under a ruling Friday, July 22 by a federal appeals court, while the U.S. Centers for Disease Control and Prevention seek to fight a Florida lawsuit challenging the regulations. …
POSTED JULY 26, 2021 8:00 AM |
Insurance Industry Heading to Faster Recovery than After 2008 Financial Crisis: Swiss Re
The global insurance industry is poised to recover more quickly and forcefully from the pandemic than it did after the 2008 financial crisis, despite such obstacles as low interest rates and inflation risk, insurer Swiss Re AG’s chief Americas economist …
POSTED JULY 26, 2021 6:20 AM |
Senators Still Working on Bipartisan Federal Police Reform Bill
U.S. Senator Tim Scott said he’s hopeful an agreement on police reform will be reached but vowed that any final accord wouldn’t “demonize” the police, including allowing individual officers to be sued in civil cases. “That is dead-stop not going …
POSTED JULY 26, 2021 5:00 AM |
Manufacturers Balk at ‘Right to Repair’ Initiative by Biden Administration
Americans would be freer to repair their broken cellphones, computers, videogame consoles and even tractors themselves, or to use independent repair shops, under changes being eyed by federal regulators. The regulators maintain that restrictions have steered consumers into manufacturers’ and …
POSTED JULY 26, 2021 5:00 AM |
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