INSURANCE NEWS
Firms With Flexible-Work Policies Hire Faster Than Those Fully in Office: Research
Companies with flexible in-office policies are hiring faster than those that have fully returned to pre-pandemic attendance rules. But landing a flexible job still comes with challenges. New research from Scoop Technologies Inc., which advises organizations on how to coordinate …
The Hanover Estimates Q2 Catastrophe Losses of $262 Million
The Hanover Insurance Group Inc. announced a preliminary estimate for second quarter catastrophe losses of approximately $262 million, before taxes, or 18.5 points of net earned premium. Second quarter catastrophe losses stemmed from 19 convective storms across multiple states, with …
UK Support to Rejoin EU Passes 50% for 1st Time Since Brexit
More than half of Britons would vote to rejoin the European Union for the first time since the nation opted to leave the bloc seven years ago, YouGov polling showed. Some 51% of Britons told the polling company that they …
Black Sea Threats Escalate as Ukraine Warns on Russian Ships
Ukraine said any ships heading to Russian ports may be military targets, a tit-for-tat response to a threat from Moscow that escalates the war’s risk to global food markets. Since Moscow halted the Black Sea agreement that allowed Ukraine to …
FTX Sues Bankman-Fried, Others to Recoup More Than $1 Billion
FTX Trading on Thursday sued founder Sam Bankman-Fried and other former executives of the cryptocurrency exchange, seeking to recoup more than $1 billion they allegedly misappropriated before FTX went bankrupt. The complaint filed in Delaware bankruptcy court also names as …
Ukraine Grain Now Relies on a River That’s Drying in the Drought
The threat of Russian aggression towards Ukraine’s Black Sea ports and ships will force the country to export its enormous quantities of grain by river, road and rail — all of which are fraught with challenges. After exiting the Black …
Federal Court Orders Former Insurety Capital CEO to Pay $9M for Self Dealing
A federal court in Florida has ordered the former CEO of an insurance industry finance company to pay almost $9 million, plus interest and attorney fees, to his former firm after he engaged in self-dealing and failed to disclose his …
Direct Connection in California Acquires Education Provider FastrackCE
Direct Connection Advertising & Marketing in California acquired FastrackCE, a state-approved provider insurance continuing education courses. With the acquisition, Direct Connection will now service existing and future FastrackCE customers. FastrackCE is a service for fulfilling insurance CE requirements in 34 …
New York Technology Firm Sued for Not Hiring Deaf Engineer Who Is Deaf
A Rochester, New York technology firm has been charged with allegedly violating federal law by ending its interview with and failing to hire a qualified applicant for an engineering role because he is deaf. According to a lawsuit by the …
Audit: California State University Campuses Mishandled Sexual Harassment Allegations
A flawed policy at California State University, the largest higher education system in the country, contributed to the closure of nearly a dozen sexual harassment cases without thorough explanation, according to a state audit reviewing 40 cases over the span …
Federal Government to Allow Lease of Gulf of Mexico Areas for Wind Farms
GALVESTON — The federal government on Thursday announced the first-ever chance for companies to lease areas in the Gulf of Mexico to build wind farms, including two parcels roughly 30 miles off the Texas coast near Galveston. Renewable energy developers …
Texas Oil Company Fined $1.3M for Excess Emissions
The Environmental Protection Agency levied a $1.3 million fine on a Texas oil and gas company for excess emissions from tanks, flares and other equipment the EPA using a helicopter equipped with a special infrared camera that identifies hydrocarbon leaks. …