Insurance
China’s Communists Appoint Chief of New Financial Regulatory Body
China’s Communist Party appointed Li Yunze, vice governor of Sichuan province, as the party chief of its new financial regulator, the China Banking and Insurance Regulatory Commission (CBIRC) said on its official WeChat account on Wednesday. Reuters had reported earlier …
Read More Greenpeace Sues Italian Energy Company ENI
Greenpeace and an environmental coalition including 12 Italian citizens are suing Italian energy company ENI, accusing it of knowingly contributing to climate change. The complaint names ENI as well as its two biggest shareholders, the Italian Economy Ministry and the …
Read More Nobody Injured as Possible Meteorite Crashes Through Roof Into New Jersey Home
HOPEWELL TOWNSHIP, N.J. — A metallic object believed to be a meteorite punched a hole in the roof of a central New Jersey home this week, smashing into a hardwood floor and bouncing around a bedroom. The family who owns …
Read More Broker Sues Over Unethical ‘Raid’ of 38 Staff in UK Poaching Row
Marsh & McLennan Cos.’s reinsurance broker sued a London rival, saying it secretly planned an unethical “raid” of 38 people across Europe, in the latest lawsuit to pore over clandestine staff poaching allegations. Guy Carpenter & Co. said that its …
Read More Amynta Group Completes Buy of Brit’s Ambridge Group
Amynta Group said it has completed its $400 million acquisition of Ambridge Group from Brit. A multi-year strategic partnership had previously been announced in which Brit, a subsidiary of Fairfax Financial Holdings Ltd., will be a significant capacity partner to …
Read More Georgia Commissioner Wants Consumers to Stay Away from ‘Dirt-Cheap Insurance’
Georgia’s insurance commissioner is warning consumers to steer clear of Dirt-Cheap Insurance, an unlicensed outfit that he said has sold fraudulent policies in the state. Three people associated with Dirt-Cheap, Deamarkis Barber, Oluwatosin Oyediran, and Kamaria Berry, have been charged …
Read More People Moves: CFC Grabs Phillips From Resilience to Lead Cyber Practice
Specialty insurance provider CFC announced today it has appointed Michael Phillips as Cyber Practice Leader. In this newly created role based out of New York, Michael will drive CFC’s cyber underwriting strategy and broker development in the US with a …
Read More Hylant Expands with Acquisition of Aegis Insurance in Georgia
Hylant, one of the largest privately held insurance brokerages, announced it has acquired Aegis Insurance Services Inc. of Alpharetta, Georgia, a broker and agency specializing in the moving and storage industry. Aegis, headed by CEO Barbara Stevens, will continue to …
Read More Florida Driver in 116-mph Fatal House Crash Sentenced to 27 Years
A Florida man who was driving his Tesla at least 116 mph (186 kph) before crashing into a house and killing two people in 2021 has been sentenced to 27 years in prison. Vaughn Mongan, 45, of Palm Harbor, was …
Read More Peloton Recalls Two Million Exercise Bikes For Seat Issue
Peloton Interactive Inc has recalled two million exercise bikes citing the possibility of the seat post breaking during use that could lead to injuries, the U.S. Consumer Product Safety Commission (CPSC) said on Thursday. The recall piles on more pressure …
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