INSURANCE NEWS
Amazon, Alphabet Targeted as Oklahoma Joins Anti-DEI Investor Ranks
Oklahoma is poised to become the first Republican state to try to use its influence as an investor to end DEI in corporate America, targeting companies including Amazon.com Inc. and Alphabet Inc. in shareholder proxy proposals. Using an increasingly popular …
Clear Group Acquires Irish Broker Phelan Caswell Insurances
The Clear Group, the London-based insurance intermediary, announced the acquisition of broker Phelan Caswell Insurances, based in Dublin, Ireland. The deal also sees Clear acquire the financial planning assets of the business. Financial details of the deal were not disclosed. …
People Moves: SCOR Taps Allianz’s Schaefer as Global Head of Casualty & EIL, Succeeding Carerras; AXIS Promotes Cucciniello to Head of Primary Casualty
This edition of International People Moves details appointments at SCOR and AXIS Capital Holdings. A summary of these new hires follows here. SCOR Taps Allianz’s Schaefer as Global Head of Casualty & EIL, Succeeding Carerras SCOR announced the appointment of …
Inside the LA Fire Cleanup’s Rush to Remove Tons of Toxic Rubble
Removing toxic waste from the foothills and coastal canyons where more than 16,000 homes and businesses burned down in the Los Angeles wildfires was always going to be an unprecedented challenge in a densely-populated, traffic-choked metropolis. And then the Trump …
Billionaire Generali Investor Weighs Candidates to Challenge CEO Donnet
One of Generali’s biggest investors is considering challenging the reappointment of longstanding CEO Philippe Donnet in May and is weighing potential alternative candidates to lead Italy’s biggest insurer, four sources close to the matter said. Three years ago Francesco Gaetano …
Insurance Groups Pushing Hard for Georgia Tort Reform as State Liability Costs Soar
Georgia’s governor has asked state lawmakers for $175 million to cover the growing costs of liability claims against state agencies and employees, as the state’s liability insurance fund has dwindled to a fraction of the outstanding costs. The Atlanta Journal-Constitution …
Citing Remote Worforce, Kingstone Insurance to Sell Headquarters to County
Coming off of its best year ever in 2024, Kingstone Companies, Inc., a Northeast regional property/casualty insurance holding company, announced that it has agreed to sell its headquarters building in Kingston, New York. The buyer is Ulster County, which agreed …
Google Scraps Diversity-Based Hiring Targets
Alphabet’s Google is scrapping its goal to hire more employees from underrepresented groups and is reviewing some of its diversity, equity and inclusion (DEI) initiatives, joining a slew of U.S. businesses scaling back diversity initiatives. “In 2020, we set aspirational …
New York Shields Doctors Who Prescribe Abortion Pills
New York Gov. Kathy Hochul on Monday signed a bill to shield the identities of doctors who prescribe abortion medications, days after a physician in the state was charged with prescribing abortion pills to a pregnant minor in Louisiana. The …
Investors With $6.8 Trillion Warn EU Not to Bow to ESG Backlash
A group of investors representing €6.6 trillion ($6.8 trillion) of assets is calling on European officials not to cave in to mounting pressure to scale back the bloc’s ESG regulations. The planned reporting rules are essential to help asset managers …
Europe’s Water Resources Under Pressure With Most Surface Bodies Polluted, EU Says
Most of European Union surface water bodies are polluted by chemicals, the European Commission said on Tuesday, in a report that revealed the damaged state of Europe’s water resources. The European Union is drafting plans this year to tackle water …
Farmers Ruined by PFAS Face Key Moment in Fight Against Pentagon
Neither Art nor Renee Schaap could bear to stay on their dairy farm in Curry County, New Mexico, in April 2022 as employees put down the last of their cattle, shooting 1,000 in the head one by one with .22 …