Monthly Archives: <span>March 2024</span>

People Moves: Woodruff Sawyer Opens New York Office Headed by 6 Acrisure Hires

California-based independent insurance broker Woodruff Sawyer announced it is expanding its East Coast footprint with the addition of six executives formerly with insurer Acrisure. According to the announcement, Matthew Kelly, Robert Trager, Bob Kempner, Chris Iovino, Eric Wagner, and Michael …

Former Markel Group CEO Kirshner, 88, Dies

Former Markel Group CEO Alan Kirshner, died on March 17, said the company. He was 88 years old. The Richmond, Virginia-based insurer said today that Kirshner, who was chairman and CEO of Markel Group from 1986 through 2015, was instrumental …

British People Pay Attention When a Storm Has a Name, Met Office Says

The names Isha, Babet, and Henk will all be familiar to Britons, but not because they belong to people — they are some of the most destructive storms that have swept through the UK in the past year. In an …

Ferrari Sued for Failing to Fix ‘Life-Threatening’ Brake Defect

Ferrari NV was accused in a US lawsuit of failing to fix a “dangerous safety defect” with the brakes in some of its luxury sports cars despite issuing multiple recalls. The recalls were no more than “an interim corrective measure” …

Panel of EU Lawmakers Backs Watered Down Supply Chain Audit Law

A panel of lawmakers in the European Parliament on Tuesday backed a draft law requiring large companies in the bloc to check if their supply chains use forced labor or cause environmental damage. The rules, known as the Corporate Sustainability …

Central Bankers Use AI to Assess Climate-Related Risks

Central bankers said on Tuesday they have broken new ground by using artificial intelligence to collect data for assessing climate-related financial risks, just as the volume of disclosures from banks and other companies is set to rise. The Bank for …

Bank of Japan Scraps Radical Policy, Makes First Interest Rate Hike in 17 Years

The Bank of Japan (BOJ) ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from its focus on reflating growth with decades of massive monetary stimulus. While the …

China Evergrande’s Alleged $78 Billion Fraud Is Among World’s Worst

China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history. The nation’s top securities regulator said the …

California Insurance Wholesalers Association (CIWA) Celebrates Unprecedented Growth and Continues Upward Trend

SAN FRANCISCO BAY AREA, March 19, 2024 – The California Insurance Wholesalers Association (CIWA), a nonprofit organization dedicated to advocacy, education, and networking in the Property & Casualty segment of the insurance industry, is pleased to share its unparalleled growth …

Realtor Group Strikes $418 Million Deal to End Suits Over Commissions

The National Association of Realtors agreed to settle litigation over commission rules for US real estate agents, clearing the way for possible changes in how Americans buy and sell homes. For homeowners and buyers, the proposed settlement marks an important …