Insurance
Family of Arizona Many who Dies in Jail Files Lawsuit
The family of Phoenix, Arizona, man who died in a Maricopa County jail two years ago has filed a lawsuit, alleging police officers used unreasonable force during his arrest. The suit filed last Friday in federal court seeks unspecified general …
Read More Insurer vs. Insurer: Appeals Court Affirms Bad Faith Verdict in Florida Work Injury Case
After a job-site injury left independent contractor Ernest Guthrie paralyzed below the waist, two insurers for the contractor that hired him agreed to pay the full policy limits — $1 million each — only one month after receiving a payment …
Read More People Moves: Risk Strategies Names Lamond Commercial Leader; Fred C. Church Welcomes Daley to Education Team
Risk Strategies Names Lamond as Commercial Lines Leader, New England Region Boston-based Risk Strategies has appointed Doran Lamond as commercial lines leader for the New England region. In this new role, Lamond will be responsible for building a regional strategy …
Read More France’s Hottest Year Was Also 2nd Driest, Putting Climate Pressure on Government
France experienced its hottest and second-driest year on record in 2022, putting pressure on the government to step up its fight against climate change that’s straining everything from energy to agriculture. Temperatures averaged 14.5 Celsius last year, the highest since …
Read More Big Tech Layoffs May Further Disrupt Equity and Diversity Efforts
2023 is shaping up as a challenging year to be a woman or minority working in the tech sector, or even a person with one too many years under their belt. Surging firings by technology companies last year are disproportionately …
Read More People Moves: BHSI Promotes 3 in UK Exec & Professional Lines Team; Chubb Global Markets Taps AIG’s Collins as Head of Airline; bolttech Names Schädler CEO, Europe
This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance, Chubb Global Markets and insurtech bolttech. A summary of these new hires follows here. BHSI Promotes 3 Senior Leaders for UK Executive & Professional Lines Berkshire Hathaway …
Read More Insured Damages in Canada From Hurricane Fiona Now Top C$800M
Insured damages from Hurricane Fiona are now estimated at over C$800 million (US$591.2 million), according to the Insurance Bureau of Canada (IBC), quoting the Catastrophe Indices and Quantification Inc. (CatIQ). Hurricane Fiona remains the most costly extreme weather event ever …
Read More Duck Creek to Acquire Swiss Payments Platform, Imburse Payments
Duck Creek Technologies, the tech company that serves the property/casualty insurance market, announced a definitive agreement to acquire Imburse Payments, a Swiss-based modern payments platform. Financial details of the deal were not disclosed. Imburse’s cloud-native software-as-a-service (SaaS) payment solution is …
Read More Major International Investors Ask Glencore to Justify Thermal Coal Development
International investors with $2.2 trillion in assets will ask commodity giant Glencore Plc to show how its development of thermal coal mines meets the goals of the Paris climate accord to keep global warming to 1.5 degrees. Glencore is one …
Read More U.S. Targets Non-Compete Clauses That Block Workers From Better Jobs
The U.S. Federal Trade Commission, which enforces antitrust law, proposed a rule that would ban companies from requiring workers to sign noncompete provisions as well as some training repayment agreements, which companies use to keep workers from leaving for better …
Read More