Insurance
Brazil Subsidized Rural Insurance for Deforested Farms: Report
Brazil subsidized rural insurance for farmers who deforested protected areas, engaged in slavery-like labor or planted in indigenous lands, according to a report from a nonprofit group. An investigation by Repórter Brasil found that farmers benefited from a government-backed insurance …
Read More Britain’s Financial Regulators Need ‘Ambitious Mindset’, Carnegie-Brown Says
British regulators need an “ambitious growth mindset” to implement post-Brexit financial sector reforms faster and stop business going elsewhere, an industry body said on Thursday. Britain’s “Edinburgh Reforms” – proposed by finance minister Jeremy Hunt over a year ago – …
Read More Howden Has $1.4 Billion for Growth, Could Tap New Investor for Extra Firepower
Howden, one of the world’s largest privately owned insurance brokers, has 1.1 billion pounds ($1.4 billion) for growth, including acquisitions, and has had interest from potential new shareholders to back a large deal if needed, its management told Reuters. The …
Read More Global Warming Exceeded Benchmark Over 12-Month Period for First Time on Record
Global warming exceeded temperatures of 1.5 degrees C over a 12-month period for the first time in record keeping. The European Union’s Copernicus Climate Change Service released its findings in its Global Climate Highlights 2023 report on Thursday, calling out …
Read More Weekly Q4 2023 Earnings Wrap: CNA, Cincinnati Financial, American Financial
Fourth quarter net income at CNA Financial Corp. was up about 54% to $367 million, and net income for the year increased 77% to a record $1.2 billion. CNA said its property/casualty segments recorded net premium growth during the quarter …
Read More People Moves: Inglis Elected to AIG’s Board of Directors; DUAL North America Names Sherry Head of Transactional Risk
Inglis Elected to AIG’s Board of Directors The board of directors at American International Group, Inc., headquartered in New York, elected John (Chris) Inglis as an independent Director, effective March 1. Inglis is a former national cyber director and served …
Read More Bank Plans to Auction Off Greenbriar Lots Owned by West Virginia Governor
CHARLESTON, W.Va. (AP) — A Virginia bank that is seeking to recover more than $300 million in longstanding unpaid business loans to the family of West Virginia Gov. Jim Justice is planning to auction off land at a sporting club …
Read More Labor Official Rules Dartmouth College Basketball Players Are School Employees
A National Labor Relations Board regional official ruled on Monday that Dartmouth basketball players are employees of the school, clearing the way for an election that would create the first-ever labor union for NCAA athletes. All 15 members of the …
Read More Inszone Acquires J.B. Martin Insurance Agencies in New Mexico
Inszone Insurance Services acquired J.B. Martin Insurance Agencies in Albuquerque, New Mexico. This acquisition bolsters Inszone’s presence in the Southwest. Since its establishment in 1981, John Bradley Martin and his team have built J.B. Martin Insurance Agencies to provide a …
Read More Lubbock, Texas to Vote on Marijuana Despite Attorney General Lawsuit
LUBBOCK — An effort to decriminalize possession of small amounts of marijuana in Lubbock is moving forward, despite Texas Attorney General Ken Paxton suing five cities this week for doing the same. Lubbock Compact, the organization behind the proposed initiative, …
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