Monthly Archives: <span>December 2020</span>

EU Privacy Agency Does Not Expect New EU-US Data Privacy Accord Any Time Soon

Companies hoping the EU and the new U.S. administration will soon strike a new transatlantic data transfer pact to replace one struck down by a court will probably have to wait months for any result, the head of the EU …

Nice Home Office You Got There. Who’s Paying for It?

In the past, home offices were often an afterthought: Ill-equipped, cramped, and a little dusty from only occasional use. Now in 2020, many home offices are looking more like the command center at NORAD: Multiple screens, high-tech capabilities, and professional …

Cost of Postponing Tokyo Olympics Could Reach $2.8 Billion

TOKYO – The cost of the postponement for the Tokyo Olympics could reach about $2.8 billion, according to figures released Friday [Dec. 4] by the Tokyo organizing committee, the Tokyo city government and Japan’s national government. The numbers are in …

Truist on Track for 5 Acquisitions to Boost Its Wholesale Insurance Business

Charlotte, N.C.-based Truist Insurance Holdings reported that it will complete five insurance acquisitions this quarter, adding more than $100 million of combined annual revenue to its wholesale division. The most recent of these transactions is the acquisition of Wellington Risk …

German Prosecutors Open Investigation into EY Auditors over Wirecard Collapse

MUNICH – German prosecutors on Friday opened an investigation into partners at EY who audited Wirecard , after an accounting watchdog filed a report accusing them of criminality in their work for the failed payments company. A spokeswoman for the …

Cathay Pacific Collaborates with AXA to Provide Free COVID-19 Insurance to Passengers

Cathay Pacific is collaborating with AXA General Insurance Hong Kong Ltd. to provide free COVID-19 coverage to all passengers. Customers who fly with Cathay Pacific from Dec. 7 to Feb. 28, 2021 will be covered for medical expenses related to …

UK Insurer Aviva Appoints AIG’s Winslow as CEO of International

Aviva announced the appointment of Adam Winslow as CEO of International. This is a new role at Aviva and Winslow will join the group executive committee, reporting to Amanda Blanc. Winslow will join Aviva in January and will be responsible …

Fears Grow of No-Deal-Brexit Chaos as EU-UK Standoff Continues

BRUSSELS/LONDON – Post-Brexit trade talks hung in the balance on Monday as Britain and the European Union made a last-ditch attempt to bridge significant differences and reach a deal that would avoid a disorderly exit in just 24 days. With …

Battle with Direct Writers

Independent insurance agents and their carrier partners face strong headwinds in their efforts to maintain their dominance among distribution channels due to increased competition and evolving consumer expectations, according to new research. According to the J.D. Power 2020 U.S. Independent …

Louisville Approves Police Oversight Board to Investigate Complaints, Killings

Officials in Kentucky’s largest city have approved the formation of a police oversight board. The Louisville Metro Council voted last month on the ordinance that will create the 11-member Civilian Review and Accountability Board, and an inspector general that will …