Insurance
SEC’s Uyeda Expects Slowdown in Rulemaking After ‘Ambitious’ Biden Era
The interim chief of the US Securities and Exchange Commission says he expects a slowdown in the Wall Street regulator’s rulemaking after three-and-half “overly ambitious” years of pursuing market reforms. “The way I look at financial regulation is, we’re not …
Read More Report Cites Increase in Worker Fatalities Across New York
New York State experienced 74 worker deaths in 2023, a 48% increase over 2022’s 50 deaths, according to an annual report by an occupational safety nonprofit. The report by the New York Committee for Occupational Safety and Health (NYCOSH) found …
Read More Trucker in Crash That Killed 7 Farmworkers in Oregon Sentenced to 48 Years
A truck driver who killed seven farmworkers when he crashed into a parked van on Interstate 5 in Oregon was sentenced on Tuesday to nearly 50 years in prison. Marion County Circuit Court Judge Daniel Wren sentenced Lincoln Smith to …
Read More SC House Approves Liquor Liability Bill But Broader Tort Reform May Be Dead
The South Carolina House of Representatives voted 109-0 Thursday in favor of a bill that would end joint-and-several liability for bars and restaurants and would incentivize additional alcohol-server training, an effort to reduce liquor liability insurance costs in the state. …
Read More Gallagher Re Launches Cyber Risk Adjusted Rating Index to Track Reinsurance Rates
Gallagher Re, the reinsurance brokerage unit of Arthur J. Gallagher & Co., announced it has launched a Cyber Risk Adjusted Rating (RAR) Index, which is designed to measure the change in reinsurance prices adjusted for expected changes to the underlying …
Read More Zurich Insurance Expands Stake in Banco Sabadell Amid BBVA Deal Bid
Zurich Insurance Group AG has amassed a substantial stake in Banco Sabadell SA, potentially giving it more influence over an important source of sales that’s facing a hostile takeover bid. The Swiss firm has increased its holding in Sabadell to …
Read More People Moves: Miller Taps SCOR’s Foucart as Managing Director in Reinsurance Practice; Acrisure Re Corporate Advisory & Solutions Appoints 4 Senior Hires
This edition of International People Moves details appointments at the brokers Miller and Acrisure Re. A summary of these new hires follows here. Miller Taps SCOR’s Foucart as Managing Director in Reinsurance Practice Miller, the London-based independent specialist re/insurance broker, …
Read More World Must Prepare to Fight Climate Change Without US, UK Says
The world needs to prepare to fight global warming without the help of the US as the Trump administration pulls billions of dollars pledged to initiatives funding the green transition, the UK’s climate envoy said. This week, South Africa said …
Read More Cyclone Alfred’s Slow and Erratic Path Challenges Forecasters
A cyclone threatening Australia’s southeast coast has taken a long and meandering path over the past week, challenging forecasters seeking to provide residents in the storm’s path with certainty on its track. The issue stems from where the system has …
Read More Landlord Who Ignored Safety Codes Convicted of Murder for Fatal Fire
James G. Walker of Washington, D.C. was found guilty on two counts of second-degree murder, and 27 criminal building code violations, for the deaths of two tenants who were unable to exit when his building erupted in flames. According to …
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