INSURANCE NEWS
Families Shattered by Tornadoes in Gulf
A storm system that spawned dozens of reported tornadoes from Texas to the Florida Panhandle was all but done with the South last Thursday after killing at least three people and uprooting families across Louisiana, where some homes were blown …
EU Forms Landmark Deal to Bolster Carbon Market as Centerpiece of Green Deal
The European Union reached an agreement to strengthen and expand its flagship carbon market, endorsing the centerpiece of the Green Deal strategy that aims to make its economy climate-neutral by mid-century. Under a provisional deal announced by representatives of EU …
EU Unity Over Russia Sanctions Falters as Europe’s Economy Weakens
European Union unity over sanctions on Russia has started to falter as jitters about the impact on Europe’s own stumbling economy weakens resolve to punish Moscow for war in Ukraine. EU leaders agreed on Thursday [Dec. 15] to a ninth …
Fund Managers Frustrated Over Confusing ESG Regulations
After a turbulent few weeks during which some of the world’s biggest asset managers removed coveted ESG tags from huge chunks of their business, industry bosses have had enough. Managers running the funds affected are now talking openly of the …
To Compete for IT Talent, Industry Must Embrace the Cloud
To compete for top IT talent, the insurance sector will need to evolve. Jay Rabinowitz, vice president of financial services and insurance at Workday, predicts that IT and data scientists at insurance companies will be recruited away by tech firms …
Elon Musk Claims He Was Doxxed. But What Exactly Is That?
When Twitter abruptly suspended the accounts of several journalists with no explanation, the platform’s owner Elon Musk hinted at the possible reason: They allegedly doxxed him. “You dox, you get suspended. End of story. That’s it,” he said on a …
Biodiversity Emerges as New Risk for Asset Managers After UN Summit
Fund managers who haven’t cared about biodiversity may soon find they have to. In the early hours of Monday in Montreal, a deal was struck that has the potential to shake up the regulatory landscape for the investment industry. After …
Florida’s Ascendant Names Three to Marketing Positions
Ascendant Names Three Marketing Reps Ascendant Insurance Solutions, based in Coral Gables, Florida, has named three new marketing representatives. Jackie Cook, with more than 30 years of experience in commercial and personal lines insurance, will cover Florida’s west coast, central …
Small 3.6 Earthquake Confirmed in Northern California
A small magnitude 3.6 earthquake struck the San Francisco Bay Area, jolting thousands of people awake and causing minor damage, the U.S. Geological Survey confirmed. The earthquake occurred at 3:39 a.m. Saturday and was centered in El Cerrito, according to …
Risk Strategies Buys Florida Condominium Insurance Agency
Boston-based broker Risk Strategies announced it has acquired Statewide Condominium Insurance, a Vero Beach, Florida, retail broker focused on the condominium and apartment complex sectors. Founded in 1996, Statewide specializes in serving condominium operators and home-owners associations throughout the state, …
First MainStreet Enters South Dakota
First MainStreet Insurance L.C. (FMSI), an affiliate of TrueNorth Companies L.C., announced its expansion into the state of South Dakota as the firm partners with Revo Insurance Alliance. Revo Insurance Alliance is an insurance agency located in Aberdeen, South Dakota, …
OSHA: Amazon Failed to Record Some Warehouse Injuries
Amazon failed to properly record work-related injuries at warehouses located in five states, a federal agency said Friday while announcing it issued more than a dozen citations during the course of its ongoing investigation of the company. The Occupational Safety …