INSURANCE NEWS
EEOC Warns Employers to Check AI Workplace Monitoring Tools for Bias
The head of the U.S. agency charged with enforcing civil rights in the workplace says artificial intelligence-driven “bossware” tools that closely track the whereabouts, keystrokes and productivity of workers can also run afoul of discrimination laws. Charlotte Burrows, chair of …
Former Root CMO Accused of Stealing Millions Spending ‘Lavishly’; Judge Appoints Receiver
According to court records, Root Inc’s former chief marketing officer – accused of stealing about $10 million from the company – has not made court appearances, spent money in violation of court orders, and has a bench warrant out for …
Allianz’ PIMCO Weighs Joining Investors Suing Over Credit Suisse AT1 Bonds
Pacific Investment Management Co. is considering joining hundreds of investors in challenging the Swiss regulator’s decision to wipe out about $17 billion of Credit Suisse Group AG bonds following the bank’s takeover by UBS Group AG. PIMCO, which filed a …
Kin, Slide Say They’ve Completed Reinsurance Program Ahead of June 1 Renewal
Two Florida-focused property insurers have announced they have completed their reinsurance programs, just days ahead of what some had warned would be a painful June 1 renewal deadline. Kin Insurance Inc., a tech and data-heavy, direct-to-consumer insurer with offices in …
People Moves: SiriusPoint Names Lopez as CTO, Succeeding Siry; IQUW Appoints MacDonald and Hennessey to Lead Property; Chaucer Promotes Tighe to Head of ESG
This edition of International People Moves details appointments at three re/insurers SiriusPoint, IQUW and Chaucer. A summary of these new hires follows here. SiriusPoint Names Lopez as CTO, Succeeding Siry SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced that …
Inszone Acquires Specialty Contractors Insurance Services California
Inszone Insurance Services acquired Specialty Contractors Insurance Services. Specialty Contractors Insurance Services has predominantly served business owners and contractors. It is headquartered in Sacramento, California. Inszone is a national provider of benefits, personal, and commercial lines insurance.
Housing Crisis Remains in East Kentucky Almost A Year After Flooding
Shirley Howard’s feet splashed into nearly a foot of water when she stepped out of bed on a summer morning last July amid a torrential rainfall. A devastating flood swallowing up Kentucky’s Appalachian region had reached her bedroom in the …
NOAA Predicts Near-Normal Atlantic Hurricane Season
As the 2023 Atlantic hurricane season approaches June 1, the National Oceanic and Atmospheric Administration is predicting “near-normal” activity. The season’s expectations are mostly due to the fact NOAA scientists predict a high potential for the weather condition known as …
Typhoon Mawar Is Most Powerful Storm of 2023, So Far
Mawar is now one of the three strongest storms ever to hit the North Pacific in May and is the undisputed most powerful — in terms of windspeed — of 2023 so far, according to Jeff Masters, a meteorologist for …
Three Former Mississippi Officers Indicted in Death of Man Repeatedly Tased
A Mississippi grand jury has indicted two former police officers on murder charges and another ex-officer on a manslaughter charge in the death of a Black man who was pinned to the ground and repeatedly tased during an arrest last …
People Moves: Jeter to Lead NFP Aviation Specialty Practice
NFP Hires Jeter to Lead Aviation Specialty Practice Insurance broker NFP has hired Josh Jeter as a senior vice president and aviation specialty practice leader in the company’s aviation industry group. Jeter comes to NFP from Gallagher, where he served …
Eastman Chemical Resins to Pay $2.4M for Environmental Violations in Pennsylvania
Eastman Chemical Resins Inc. will pay a $2.4 million penalty for environmental violations at the sprawling 56-acre manufacturing facility in West Elizabeth, Pennsylvania, that is now owned and operated by Synthomer Jefferson Hills, the Environmental Protection Agency announced. Along with …