Hackers targeting Australia’s major pension funds in a series of coordinated attacks have stolen savings from some members at the biggest fund, according to a source with knowledge of the matter, and compromised more than 20,000 accounts. National Cyber Security …

Italian insurer Generali will not put up a fight to defend a planned asset management tie-up, if Rome’s opposition stiffens once a government review of the deal starts, CEO Philippe Donnet said in a newspaper interview. Donnet’s comments came as …

French reinsurance company SCOR said on Friday it has been placed under examination by a Paris court for facts alleged against its former chairman, Denis Kessler, in relation to Covea Group’s acquisition of PartnerRe in 2022. SCOR said it firmly …

Texas, the nation’s top trading state, is facing a weakening economic outlook as the Trump administration’s sweeping trade and immigration policies fuel worries among businesses about higher costs, reduced demand and labor shortages, according to the Federal Reserve Bank of …

Microsoft Corp. has pulled back on data center projects around the world, suggesting the company is taking a harder look at its plans to build the server farms powering artificial intelligence and the cloud. The software company has recently halted …

A report published this week by a Washington, D.C.-based think tank ranks Louisiana as the worst state for social mobility, and links the state’s lawsuit abuse climate as a factor for why many residents never get ahead. Archbridge Institute published …

A U.S. judge said several companies including Walmart, Beech-Nut and Gerber must face a nationwide lawsuit claiming that toxic heavy metals contaminated their baby food, causing brain and neurodevelopmental damage to children who ate it. In a decision on Wednesday, …

Key Insurance, a Kansas-based insurer specializing in non-standard auto, was placed into liquidation this week after a court ruled the company insolvent. The Shawnee County District Court ordered the liquidation of Key on March 31 after reviewing significant evidence that …

The Supreme Court on Wednesday sided with a truck driver who wants to sue for triple damages over a CBD hemp product he says was falsely advertised as being free from marijuana’s active ingredient and resulted in him getting fired. …

Risk digitization was cited as the primary technology priority for revenue growth in a recent study from insurtech Cytora. Cytora surveyed 200 senior leaders from global insurance firms and found that 76% of respondents saw risk digitization (encompassing new business, …

A Florida House of Representatives panel went straight to the source of a consultant’s report that has caused widespread concern among lawmakers about insurance company profit-shifting. But the hour-long web interview with Arizona-based consultant Jan Moenck shed only limited light …

The South Carolina Department of Insurance named Andy Noga, formerly CEO and general counsel of GuideOne Insurance Group, as director of captives, underscoring the state’s commitment to fostering captive insurance companies, the DOI said Wednesday. “We focused on identifying a …

Justin Bayern joined Alliant Insurance Services as senior vice president within its Alliant Americas division. Based in Denver, Colorado, Bayern has more than 20 years of experience in finance and insurance. Before joining Alliant, Bayern was most recently a producer …

A bill that would have given Washington’s insurance commissioner the power to order restitution to harmed policyholders failed to pass out of a House committee this week. Substitute Senate Bill 5331 failed to pass out of the House Consumer Protection …

A Los Angeles, California, couple was sentenced after an investigation reportedly found they underreported more than $21 million in employee payroll for their delivery companies. John Nemandoust, 70, was sentenced to 60 days in county jail, and Annette Assil, 62, …

Katie Scheuer has been promoted to the newly created position of Division Revenue Leader for the Great Lakes Region at World Insurance Associates. She was formerly the Division Growth Leader for the Great Lakes and West Regions, and continues to …

Texas, Oklahoma and New Mexico reported new measles cases this week, with the outbreak expanding for the first time into central Texas. Already, the U.S. has more measles cases this year than in all of 2024, the U.S. Centers for …

Deadly storms and flooding rains left a path of destruction across 14 states in the US South and Midwest, knocking out power to more than 400,000 customers. Record rain fell in Memphis and eastern Missouri overnight and more is expected …

At 2 a.m. Friday, Rick Saldaña was traveling back to Edinburg from Mercedes, a city about 26 miles away, in an area known as the Mid-Valley. The roads were flooded. The frontage roads that feed into the expressway resembled lakes. …

Hub international Limited announced that it has acquired the assets of Dansig, Inc., d/b/a Dansig Insurance Risk Advisors (Dansig). Terms of the transaction were not disclosed. Located in Decatur, Illinois, Dansig is an independent insurance risk advisor offering a suite …