Monthly Archives: <span>July 2021</span>

Washington D.C. Expands Program to Increase Opportunities for Students in Finance

Washington D.C. Mayor Muriel Bowser is working alongside the district’s Department of Insurance, Securities and Banking (DISB) to increase opportunities for high school and college students to pursue careers in financial services, including insurance, by expanding DISB’s Financial Services Academy …

Ever Given Container Ship Resumes Journey from Suez, 106 Days After Getting Stuck

ISMAILIA, Egypt – The Ever Given, one of the world’s largest container ships, resumed its journey and left the Suez Canal on Wednesday, 106 days after becoming wedged across a southern section of the waterway for nearly a week and …

Leading by Example: How Insurers Can Manage Cyber Risk Within Their Own Operations

Insurers often advise clients on cyber resilience, however, many in the industry overlook their own risks or struggle to take their own advice to insureds, according to guests on this episode of The Insuring Cyber Podcast. “I’m not sure that …

People Moves: Smallcombe Joins Argo; Markel Hires Towse; Celent Adds Cake’s Norris; Ascot Expands Reinsurance Team

Smallcombe to Lead Argo Construction Specialty insurer Argo Group International Holdings announced that Kristyn Smallcombe has been appointed senior vice president, Argo Construction practice leader. Smallcombe joins Argo from Swiss Re, where she previously served as the global head of …

Employers Must Contend with Shrinking Population of Working-Age People

As America’s job market rebounds this summer and the need for workers intensifies, employers won’t likely have a chance to relax anytime soon. Worker shortages will likely persist for years after the fast-reopening economy shakes off its growing pains. Consider …

Global Financial Regulators Seek Coordinated Response to Climate Change Risk

The world’s top financial regulators want to coordinate efforts to prepare for potential risks from climate change as authorities still lack common standards for assessing what could be one of the biggest threats facing banks and insurers. The Financial Stability …

Judge Advances Privacy Lawsuit Against Google Voice Assistant

A federal judge said Google must face much of a lawsuit accusing the company of illegally recording and disseminating private conversations of people who accidentally trigger its voice-activated Voice Assistant on their smartphones. In a Thursday night decision, U.S. District …

Argentinian Satellite Data Company to Go Public with Cantor Fitzgerald SPAC

Satellogic, a Buenos Aires-based company that uses satellites to map the earth, plans to go public after a merger with Cantor Fitzgerald’s blank-check company. The deal would give the firm an enterprise value of $850 million and allow it to …

British Airways Settles Class Action with 2018 Data Breach Victims

British Airways has settled a case brought by customers and staff affected by a massive 2018 data breach that led to personal information being leaked, the court-appointed lead solicitors in the case said on Tuesday. Law firm PGMBM said those …

Record High Temperatures Hit Nordic Region, Arctic Circle, Adding to Wildfire Dangers

Record-high temperatures from Canada to Scandinavia and intense wildfires flaring up from California to Russia’s Far East are adding to extreme weather events recorded at the start of the summer in the Northern Hemisphere. Temperatures in several towns in the …