INSURANCE NEWS

People Moves: Risk Strategies Names Lamond Commercial Leader; Fred C. Church Welcomes Daley to Education Team

Risk Strategies Names Lamond as Commercial Lines Leader, New England Region Boston-based Risk Strategies has appointed Doran Lamond as commercial lines leader for the New England region. In this new role, Lamond will be responsible for building a regional strategy …
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France’s Hottest Year Was Also 2nd Driest, Putting Climate Pressure on Government

France experienced its hottest and second-driest year on record in 2022, putting pressure on the government to step up its fight against climate change that’s straining everything from energy to agriculture. Temperatures averaged 14.5 Celsius last year, the highest since …
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Big Tech Layoffs May Further Disrupt Equity and Diversity Efforts

2023 is shaping up as a challenging year to be a woman or minority working in the tech sector, or even a person with one too many years under their belt. Surging firings by technology companies last year are disproportionately …
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People Moves: BHSI Promotes 3 in UK Exec & Professional Lines Team; Chubb Global Markets Taps AIG’s Collins as Head of Airline; bolttech Names Schädler CEO, Europe

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance, Chubb Global Markets and insurtech bolttech. A summary of these new hires follows here. BHSI Promotes 3 Senior Leaders for UK Executive & Professional Lines Berkshire Hathaway …
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Insured Damages in Canada From Hurricane Fiona Now Top C$800M

Insured damages from Hurricane Fiona are now estimated at over C$800 million (US$591.2 million), according to the Insurance Bureau of Canada (IBC), quoting the Catastrophe Indices and Quantification Inc. (CatIQ). Hurricane Fiona remains the most costly extreme weather event ever …
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Duck Creek to Acquire Swiss Payments Platform, Imburse Payments

Duck Creek Technologies, the tech company that serves the property/casualty insurance market, announced a definitive agreement to acquire Imburse Payments, a Swiss-based modern payments platform. Financial details of the deal were not disclosed. Imburse’s cloud-native software-as-a-service (SaaS) payment solution is …
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Major International Investors Ask Glencore to Justify Thermal Coal Development

International investors with $2.2 trillion in assets will ask commodity giant Glencore Plc to show how its development of thermal coal mines meets the goals of the Paris climate accord to keep global warming to 1.5 degrees. Glencore is one …
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U.S. Targets Non-Compete Clauses That Block Workers From Better Jobs

The U.S. Federal Trade Commission, which enforces antitrust law, proposed a rule that would ban companies from requiring workers to sign noncompete provisions as well as some training repayment agreements, which companies use to keep workers from leaving for better …
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Twitter Hacked, 200 Million User Email Addresses Leaked, Researcher Says

Hackers stole the email addresses of more than 200 million Twitter users and posted them on an online hacking forum, a security researcher said Wednesday. The breach “will unfortunately lead to a lot of hacking, targeted phishing and doxxing,” Alon …
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New Florida Law Makes Joint Settlement Offers ‘Legit’ But May Not Go Far Enough

In the celebration over the Florida Legislature’s sweeping insurance reforms approved last month, one statutory change has slipped under the radar a bit – one that insurance attorneys said will streamline the settlement process and could help reduce litigation. Among …
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Judge Reduces Punitive Damages in Deadly Charlottesville Rally

A federal judge has slashed millions of dollars from the damages a jury ordered white nationalist leaders and organizations to pay for their role in the violence that erupted during the deadly “Unite the Right” rally in Charlottesville in 2017. …
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Activists Say They’ll Continue to Call out Liberty Mutual for Fossil Fuels

Right after Tim Sweeney took the helm as Liberty Mutual’s CEO, a group of activists hosted a demonstration asking the him to “pick fossil fuels or Boston” by prioritizing climate policies to mitigate risk and protect the city of Boston …
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