Insurance
Glen Mulready Wins Reelection as Oklahoma Insurance Commissioner
Oklahoma Insurance Commissioner Glen Mulready won reelection without opposition Tuesday. Mulready’s new term goes through 2026. Mulready, a Republican, served eight years in the Oklahoma House of Representatives before running for commissioner in 2018. Mulready defeated Democrat Kimberly Fobbs in …
Read More Markets/Coverages: Hub International Launches Professional & Exec Risk Practice
Hub International Limited (HUB) on Nov. 9 announced the launch of its Professional & Executive Risk (ProEx) Specialty Practice. The new practice brings together over 100 HUB specialists with executive liability, professional liability, tech/cyber, and transactional risk insurance placement capabilities, …
Read More Vicki Schmidt Reelected as Kansas Insurance Commissioner
Republican Vicki Schmidt was reelected Kansas Insurance Commissioner Tuesday, defeating challenger Kiel Corkran, a Democrat, by a near 2-1 margin. Schmidt led with 63.4% of the votes and more than 95% of precincts reporting. Corkran ran as a Green Party-endorsed …
Read More Alcohol Death Toll is Growing, U.S. Government Reports Say
The rate of deaths that can be directly attributed to alcohol rose nearly 30% in the U.S. during the first year of the COVID-19 pandemic, according to new government data. The Centers for Disease Control and Prevention had already said …
Read More African Insurers Pledge $14 Billion of Cover for Climate Disaster Risks
A group of over 85 African insurers has pledged to provide $14 billion of cover to help the continent’s most vulnerable communities deal with climate disaster risks such as floods and droughts. The commitment launched on Wednesday during the COP27 …
Read More Aviva Pledges ‘Regular and Sustainable’ Investor Payouts as Premiums Rise
Aviva plans “regular and sustainable” investor payouts, its CEO said on Wednesday, as the British insurer reiterated plans for a share buyback program alongside its 2022 results and posted a rise in nine-month gross written premiums. Aviva, under pressure from …
Read More New York Proposes Changes to Financial Services Cybersecurity Regulation
More small financial services businesses will be exempt, the rules will be tailored to reflect more diversity in businesses, and top executives of financial services firms will face heightened accountability under proposed changes to New York’s model financial services cybersecurity …
Read More How Climate Change Will Affect Countries Around the World
While delegates at the COP27 climate conference discuss the shared problem of climate change, each country will face its own challenges and threats. In February, the U.N. climate science agency released a major report on adapting to a warmer world …
Read More Hiscox: Many Cyber Criminals Return After Ransomware Payments Are Made
Over a third (36%) of companies who paid a ransom to cyber criminals went on to be targeted for a second time, according to the latest Cyber Readiness Report from Hiscox. In addition, more than four in 10 (41%) of …
Read More People Moves: Former W.R. Berkley CUO Hired by ZestyAI; WTW Hires in Corporate Risk, Aerospace; New EVP at Ryan Specialty NSP
Link Nabbed by ZestyAI as Head of Customer Success Cathy Link has joined ZestyAI as vice president of customer success. Link, a seasoned insurance industry leader, and former chief underwriting officer of the W. R. Berkley Company, brings a deep …
Read More