Insurance
Corporate ‘Irritation’ Over ESG Fueled by Significant Costs
As ESG rapidly morphs into one of the least-loved labels in global finance, those monitoring the development say it’s not all down to ideology. Instead, annoyance with environmental, social and governance metrics has grown along with regulatory requirements around ESG …
Read More DeepSeek’s AI Restricted by ‘Hundreds’ of Companies in Days
Companies and government agencies around the world are moving to restrict their employees’ access to the tools recently released by the Chinese artificial-intelligence startup DeepSeek, according to the cybersecurity firms hired to help protect their systems. “Hundreds” of companies, particularly …
Read More Floods in France Force Evacuations and Cut Power to Homes
Flooding caused by Storm Herminia forced the evacuation of thousands of people in northwest France, while hundreds of homes remain without power. Back-to-back storms — Éowyn followed by Herminia — have triggered the worst flooding in 40 years in parts …
Read More Australia Braces for Life-Threatening Floods as Six Storms Brew
Six storms around Australia and its territories are expected to strengthen in the coming days, with one system likely to trigger life-threatening flooding in the nation’s north and three others with at least a moderate chance to form into tropical …
Read More Brazil Insurer Porto Seguro Eyes Partners for Health Business, Sources Say
Brazilian insurance group Porto Seguro is in talks with private equity funds to possibly sell a minority stake in its health business, with discussions focusing on the strategic advantages of potential partners and valuation, two people familiar with the talks …
Read More Europe’s Insurers May Face New Capital Rules for Climate Risk
Europe’s insurance watchdog has called for a recalibration of capital requirements to reflect rising climate-driven disasters across the continent. The European Insurance and Occupational Pensions Authority is recommending the industry update the way it accounts for natural catastrophe risks in …
Read More People Moves: Tarby Moves to Permanent Plymouth Rock CEO; Inszone Insurance Creates Three Regional President Roles
Plymouth Rock Assurance, headquartered in Boston, named Ethan Tarby as president and CEO of Plymouth Rock Assurance Corporation. Tarby served as interim president and CEO since June 2024. He will lead Plymouth Rock’s Independent Agency Group. Tarby joined Plymouth Rock …
Read More Insurance Group Touts Major Victory Over FCC Rule That Would Have Limited Robocalls
A federal appeals court and the Federal Communications Commission, in one of its first actions under the new presidential administration, have handed down major decisions that many in the insurance industry may see as a double-edged sword. On the one …
Read More Dubai Developer Plans Luxury Condo Project on Site of 2021 Surfside Collapse
SURFSIDE, Fla. (AP) — A Dubai-based developer plans to build a 12-story luxury condominium project on the South Florida site where a building collapsed in 2021, killing 98 people. DAMAC International said Tuesday that it planned to build The Delmore …
Read More Killed Florida TV Reporter’s Parents Sue His Employer, Charter Communications
ORLANDO, Fla. (AP) — The parents of a local TV journalist who was fatally shot while reporting on a killing in central Florida in 2023 have filed a negligence lawsuit against their son’s former employer, claiming the media company didn’t …
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