Insurance

More than half of the 22 oil tankers in Venezuela’s fleet are so run down that they should be immediately repaired or taken out of service, according to an internal report from state-run oil company PDVSA that was shared exclusively …

Three out of four Americans believe gun owners should be required to have firearm liability insurance. Those are the numbers out of a new ValuePenguin survey of 1,995 people ages 18 to 77 exploring attitudes about the role insurance could …

This edition of International People Moves details appointments at BMS Re, Arch Insurance International, and SiriusPoint. A summary of these new hires follows here. Wheeler Promoted to President of BMS Re BMS Re, the specialty reinsurance arm of the global …

Global pilot organizations called on regulators to continue requiring multiple aviators on commercial flights, saying that efforts to shrink to one-person crews risks passenger safety. Leaders of groups including the European Cockpit Association and Air Line Pilots Association International on …

Britain’s markets watchdog is aiming to improve its procedures for finance workers who report on suspected wrongdoing after finding that some whistleblowers didn’t feel listened to enough and perceived the regulator as reluctant. The Financial Conduct Authority now seeks to …

An Exxon Mobil unit is in breach of insurance obligations for its first offshore oil project in Guyana in part due to errors by the environmental regulator, a Guyanese court ruled on Wednesday, a decision the government rejected. Exxon “engaged …

More than a third of workplace injuries occur during employees’ first year on the job, regardless of age or industry experience, according to a new report from Travelers. In fact, an employee’s time spent in a particular role is one …

Insurers are being forced to rethink their approach to climate change as they assess the risk of being sued for antitrust violations. Munich Re, the world’s biggest reinsurer, recently backed out of the Net Zero Insurance Alliance citing what it …

The California State Assembly unanimously voted for a bill that will help accelerate the transition to clean-air technology by making sure clean fleets have access to available and affordable commercial insurance. Assembly Bill 844, the Clean Fleet Insurance Accelerator legislation …

The National Association of Mutual Insurance Companies is airing concerns over what the group calls a “duplicative data call” issued by the Federal Insurance Office on climate change. The concerns are being expressed by NAMIC as part of a bipartisan …