INSURANCE NEWS

Quietly, Disney May Have Undermined DeSantis’ New Governing Board

Board members picked by Florida Gov. Ron DeSantis to oversee the governance of Walt Disney World said Wednesday that their Disney- controlled predecessors pulled a fast one on them by passing restrictive covenants that strip the new board of many …
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R&Q’s Quilter Steps Down as CEO, Retires at Year-End; Spiegel Becomes New CEO

R&Q Insurance Holdings Ltd., the non-life global specialty insurance company that focuses on program management and legacy insurance businesses, announced that CEO Alan Quilter will retire at the end of 2023 and is stepping down immediately to run the company’s …
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Britain to Reform Accountability Rules for Senior Bankers, Insurance Executives

Britain on Thursday launched a long-awaited consultation on reforming rules brought in after the global financial crisis to make top bankers accountable for their decisions, saying a globally competitive finance sector is key to economic growth. Britain broke regulatory ground …
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People Moves: Everest Taps Chubb’s Chaves to Lead Mexico Operations; BMS Names Munich Re’s Tigleanu for Cyber Strategy; Miller Hires Dipati in Singapore Energy Team

This edition of International People Moves details appointments at Everest Insurance and two brokers BMS and Miller. A summary of these new hires follows here. Everest Insurance Taps Chubb’s Chaves to Lead Mexico Operations Everest Insurance, the insurance division of …
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Gallagher Launches in Sweden Following Integration, Rebranding of 3 Acquired Brokers

Gallagher will launch its first direct presence in Sweden on Monday, April 3, following the integration and rebranding of its three individual Swedish businesses Brim, Nordic and Proinova. Gallagher acquired Brim in 2016, followed by Nordic in 2017 and Proinova …
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Porsche SE Wins Crucial Ruling in Stuttgart Investor Class-Action Lawsuit

Porsche Automobil Holding SE won a crucial ruling in a €900 million ($976 million) class-action style lawsuit from investors who claimed the company should have warned shareholders about the diesel-emission software rigging at Volkswagen AG. The Stuttgart Higher Regional Court …
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Britain Sets Out Next Steps to ‘Green’ its Financial System

Britain’s finance ministry set out plans on Thursday to meet its target of becoming the world’s first net-zero aligned financial center, proposing measures to stamp out so-called greenwashing in financial markets and channel cash into sustainable projects. The ministry said …
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Walmart Faces Second Lawsuit This Week Over Treatment of Workers

Walmart Inc. was sued on Thursday by the U.S. Equal Employment Opportunity Commission (EEOC), the agency’s second lawsuit this week accusing the largest U.S. retailer of discrimination against workers with disabilities. The EEOC said Walmart illegally demoted Calvin Hagan for …
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Less Than Half of US Workers Use All Their Vacation Days

Spring break is here, and summer vacations are just around the bend. But while increasingly stressed-out US workers say having paid time off is critical, many still don’t even take all that they’re allowed. Only 48% of US workers say …
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Richemont Builds Digital Platform to Help Police Fight Watch, Jewelry Theft

Richemont is building a digital platform to help police forces worldwide fight theft of luxury watches and jewelry. The platform is open to the entire luxury industry and owners can register their collections using the brand and serial numbers, the …
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Florida Regulators Now Reviewing HO Rate Hikes of 14%, 45% and 62%

Three Florida insurance carriers, one large and two small, are seeking approval for major rate increases, with one condominium policy increase as high as 103%. Citizens Property Insurance Corporation’s board of governors this week voted to file for a 14.2% …
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Driver Who Crashed Into Apple Store Faces Murder Charge, Civil Suits

A Massachusetts man whose SUV crashed through the glass storefront of an Apple store, killing one man and injuring nearly two dozen other people, has been charged with murder, prosecutors said. Bradley Rein, 53, was indicted by a grand jury …
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