INSURANCE NEWS
Tokio Marine Reorganizes IT, Operations Teams Under One Structure, One Leader
Tokio Marine HCC International (TMHCCI) has restructured its IT and Operations teams as it moves to the next stage of its growth strategy. Since 2017, TMHCCI said it has grown significantly and to service and sustain this level of growth …
Canada’s Explosive Wildfires Damage Forest Set Aside for Carbon Offset Project
Canada’s explosive wildfire season has already pumped millions of tons of carbon dioxide into the atmosphere. Some of that carbon is coming from vegetation burned at a carbon offset project, highlighting the fragility of a tool the world is relying …
New G20-Backed Global Rules Aim to Clamp Down on Corporate Greenwashing
Companies will face more pressure to disclose how climate change affects their business under a new set of G20-backed global rules aimed at helping regulators crack down on greenwashing. The norms published on Monday have been written by the International …
Yale Student Can Be Sued for Defamation for Reporting Rape, Court Says
In a decision scrutinizing how colleges investigate sexual assault allegations, Connecticut’s highest court ruled Friday that a former Yale student is not immune from a defamation lawsuit by a fellow student who was exonerated in criminal court after she accused …
Brégier Appointed Chairman of Board at French Reinsurer SCOR
SCOR’s Board of Directors, which met on June 25, 2023, has unanimously decided to appoint Fabrice Brégier as non-executive chairman, with immediate effect. This decision was made on the unanimous recommendation of the Nomination Committee, at the conclusion of a …
Credit Suisse to Appeal Bermuda Court Ruling Against Georgia’s Ex-Prime Minister
A Bermuda appeals court on Friday largely dismissed Credit Suisse’s appeal in an ongoing case involving the Swiss bank’s local life insurance arm and Georgia’s former Prime Minister Bidzina Ivanishvili. “The time has come for Credit Suisse to take responsibility …
TransUnion: Police Gave Out Fewer Tickets as Highway Death Rate Climbed
At the same time as traffic fatalities increased and motorists’ driving habits deteriorated, law enforcement officers were issuing fewer citations for traffic violations, data analytics company TransUnion says in a new report. TransUnion gathers traffic violation data from the courts …
Mallinckrodt Gets Second Extension on Opioid Settlement Payment
Mallinckrodt Plc has for the second time reached an agreement to further delay a $200 million opioid settlement payment that was due earlier this month as the company continues to evaluate its options for addressing its debt load. The drugmaker …
Hospital Cyberattacks Surge, Risking Struggling Bottom Lines
Cyberattacks on US hospitals are on the rise, adding a layer of financial pressure onto an industry still struggling to recover from the pandemic. Health facilities have been hit with 226 digital incursions affecting 36 million people this year, on …
Lawyers Who Blamed ChatGPT for Bogus Case Law Fined $5,000
A federal judge on Thursday imposed $5,000 fines on two lawyers and a law firm in an unprecedented instance in which ChatGPT was blamed for their submission of fictitious legal research in an aviation injury claim. Judge P. Kevin Castel …
People Moves: PIIB in California Announces New COO, Appoints Board Members
The Pacific Interstate Insurance Brokers board has appointed Ashley Bernardi as vice president and chief operation officer. Bernardi has more than 14 years of experience, beginning her career at PIIB as a part-time bookkeeper and executive assistant. In 2013, she …
Personal Data of 700K Retired California Workers And Beneficiaries Stolen
California pension officials say personal information of about 769,000 retired state employees and other beneficiaries – including Social Security numbers – was among data stolen by Russian cybercriminals in the breach of a popular file-transfer application. The breach of the …