Insurance
People Moves: AXA XL Promotes O’Malley as Chief Client & Distribution Officer, Americas; GC&C Taps Puerta From QBE as Head of Mediterranean & Latin America
This edition of International People Moves details appointments at AXA XL and Generali Global Corporate & Commercial (GC&C). A summary of these new hires follows here. AXA XL Promotes O’Malley as Chief Client & Distribution Officer, Americas AXA XL has …
Read More Berkshire’s Jain on Cyber: ‘The Mindset Should Be You’re Not Making Money’
While describing cyber insurance as a “fashionable” and profitable business, Berkshire Hathaway’s head of insurance operations said aggregation and loss costs have kept the company away from the risk for the most part. Yes, profitability has been “fairly high” for …
Read More Delos and Lloyd’s Insurer to Expand Vacant Home Insurance in California
Delos Insurance Solutions plans to offer wildfire insurance to more California policyholders with vacant properties. Delos is expanding coverage availability through a partnership with certain underwriters at Lloyd’s of London. San Francisco, California-based Delos is a managing general agent that …
Read More Status of Uber, Lyft Gig Workers Riding On Massachusetts Court Fight
Massachusetts has become the latest front in a years-long battle in the United States over whether ride-share drivers for Uber and Lyft should be treated as independent contractors or employees entitled to benefits and wage protections. The state’s top court …
Read More Brazil Rejects Vale, BHP Settlement Offer for Deadly 2015 Mining Disaster
Brazil and the state of Espirito Santo have rejected a proposal by miners Vale and BHP regarding reparations for the deadly 2015 Mariana tailings dam burst, the federal government said on Friday. The statement did not include Minas Gerais state, …
Read More Southern Brazil Hit by Worst Floods in Over 80 Years, Killing at Least 39 People
Heavy rains in the southern Brazilian state of Rio Grande do Sul killed 39 people, with another 68 still missing, the state civil defense agency said Friday, as record-breaking floods devastated cities and forced thousands to leave their homes. It …
Read More GSK, Boehringer Put Profits Over User Safety, Zantac Jury Told
Drugmakers GSK Plc and Boehringer Ingelheim GmbH prioritized profits over consumer safety by hiding the cancer risks of their once-blockbuster heartburn drug Zantac, according to lawyers representing a Chicago woman in the first of thousands of such claims to go …
Read More Biden Vetoes Bid to Repeal US Labor Board Rule on Contract, Franchise Workers
President Joe Biden followed through on Friday on his vow to veto a Republican-backed measure that would have repealed a U.S. labor board rule treating companies as the employers of many of their contract and franchise workers and requiring them …
Read More Florida Saw Jump in Workers’ Comp Cost per Claim in 2022-23, WCRI Report Shows
Call it the effects of wage creep during the pandemic, along with a little bit of creep in the duration of benefits. Employers and insurers in Florida saw a 7% increase in total cost per workers’ compensation claim in 2022 …
Read More Maryland Hospitality Firm Settles Employee Pregnancy Discrimination and Retaliation Suit
Savage River Lodge and Little Crossings will pay $150,000 and furnish equitable relief to settle federal charges that they discriminated against an employee because of her pregnancy and then fired her. The Frostburg, Maryland businesses, part of Fronterra Resources, offer …
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