INSURANCE NEWS
Russia Accuses West of ‘Shamelessly Burying’ Black Sea Grain Deal
Russian Foreign Minister Sergei Lavrov on Thursday accused the West of “shamelessly burying” the Black Sea grain initiative that facilitates the export of Ukraine’s agricultural products from its southern ports, the RIA Novosti news agency reported. While remaining in the …
Thousands of Michigan Residents Without Power After Back-to-Back Ice Storms
The power in Leah Thomas’ Beverly Hills, Michigan, home went out about 9 p.m. last Wednesday. It was back on Sunday evening but was lost again the next day. And like thousands of Michigan residents left in the dark following …
Financial Services Provider F88 Raises $47M Ahead of Planned Vietnam IPO
F88 Investment JSC, a financial services firm, has raised at least $47 million from Vietnam-Oman Investment Fund, or VOI, and Mekong Capital Fund IV, to fuel expansions of its distribution network and digital business ahead of a planned initial public …
People Moves: Ashley Promoted to Division President of Chubb Tempest Re Int’l; Argenta Taps TMK’s Groves as Head of Cyber; Mosaic Hires Chief People Officer
This edition of International People Moves details appointments at Chubb Tempest Re, Argenta Syndicate Management Ltd., and Mosaic Insurance. A summary of these new hires follows here. Ashley Promoted to Division President of Chubb Tempest Re Int’l, Succeeding Roberts Chubb …
China Eases Deadline Pressure for Multinationals’ Compliance With Data Security Rules
Chinese regulators have eased some deadline pressure on multinational companies struggling to comply with new rules requiring them to seek approval to export user data, according to lawyers advising clients on the matter. In theory, global companies operating in China …
Oklahoma Captive Program Grows 15% in 2022
The state of Oklahoma added 11 new captive insurance companies in 2022 and has already issued three additional captive insurer licenses in 2023, according to the Oklahoma Insurance Department (OID). Oklahoma also reported four captive dissolutions in 2022. The state …
Credit Suisse ‘Seriously Breached’ Risk Management Obligations in Greensill Case
Credit Suisse Group AG “seriously breached” its risk management obligations in the Greensill Capital supply-chain financing affair, Switzerland’s banking regulator has concluded as it closed its probe against the bank. The Swiss bank was ordered to take remedial measures by …
Britain Will Seek to Reset Relations Between City of London and EU
Britain will seek to reset relations between the City of London and the European Union on Thursday, saying it will stick to high standards in finance and not do anything to undermine financial stability in the bloc in the wake …
NFL Must Face Racial Bias Claims in Open Court, Judge Rules
The National Football League and three of its teams must face claims by Minnesota Vikings defensive coordinator Brian Flores of racist hiring practices in open court, a U.S. judge in New York ruled on Wednesday while sending other aspects of …
Call Me, Maybe? The Stealth Disappearance of Social Engineering and Fraudulent Instruction Coverage
Anyone who owns a cellphone or uses an email address has received a communication from a scammer seeking to extract confidential information or trick the recipient into sending money to foreign countries. These attempts come in a variety of forms …
People Moves: Leavitt Group in Utah Makes Two Leadership Appointments
Leavitt Group in Cedar City, Utah named Kevin P. Grady as chief legal officer and Brooke L. MacNaughtan chief people and community officer, a newly created role. Before joining Leavitt Group, Grady was vice president and deputy general counsel at …
California Workers’ Comp Research Keys on State’s Massive Healthcare Industry
A report from the Workers’ Compensation Insurance Rating Bureau of California that examines the state’s healthcare system shows the industry also accounted for the highest share of indemnity COVID-19 claims among all industries. The WCIRB releases reports on industry sectors …