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Markets/Coverages: Sompo Launches Marine Insurance Proposition for UK Market

Sompo, the Bermuda-based provider of commercial and consumer property/casualty insurance and reinsurance, announced the launch of a new national marine insurance proposition for the United Kingdom. Sompo’s Marine Cargo UK policy and its Transport & Logistics propositions are both designed …

Cyber Hits All-Time High Concern for Business Leaders, Says Travelers Risk Index

For the fourth time in six years, cyber risk ranked highest as a concern for business leaders. In fact, this year cyber as a top concern reached an all time high, according to the 2024 Travelers Risk Index. Cyber was …

WTW Launches China Client Division With Yan Appointed as Division Leader

Insurance broker WTW has launched a new China Client Division within Corporate Risk and Broking, North America (CRB NA), as part of its strategy to expand its presence and broaden offerings focused on the Chinese market. The new China Client …

Lawyers Say Other Victims Could Sue Mississippi Sheriff Over Brutality Claims

JACKSON, Miss. (AP) — Attorneys for two Black men who were tortured by Mississippi law enforcement officers said Monday that they expect to file more lawsuits on behalf of other people who say they were brutalized by officers from the …

Central European Insurers’ Financial Strength to Remain Solid Despite Severe Floods

The heavy rains and severe floods of Storm Boris, which inundated Central and Eastern Europe during the second week in September, will be the most severe flood event in about a decade, carrying an insurance price tag of an estimated …

Alkeme Cooks Up Acquisition of Surry Insurance in North Carolina

Alkeme, a large insurance brokerage based in California, announced the acquisition of Surry Insurance, one of the oldest insurance agencies in Nouth Carolina. Alkeme officials said in a statement that the move expands Alkeme’s presence in the Southeast and boosts …

Vanguard Investments Fined for Greenwashing as Australia Eyes ESG Claims

Australia’s federal court has fined Vanguard Investments Australia Ltd. A$12.9 million ($8.9 million) for making misleading claims about a fund, the highest penalty issued in the country so far over greenwashing. In March, the court found the investment giant made …

Probe Into EY India’s Office After Worker’s Death Finds it Lacked Labor Welfare Permit

An Ernst & Young (EY) office in western India, which employed a 26-year-old who allegedly died after facing a high workload, has operated since 2007 without a state permit which regulates work hours, a senior government official told Reuters. EY …

Climate Change Made Europe’s Deadly Floods Worse and More Likely

Record rainfall leading to flooding that killed 24 people in Europe earlier in September was twice as likely due to manmade climate change, a study has found. The flooding took place across central Europe after Storm Boris stalled over the …

A ‘Real Race for Talent’ in E&S Industry, Says WSIA’s Kelley [Video]

Brady Kelley, president and CEO of the Wholesale & Specialty Insurance Association, said the organization has been doing a lot to promote the E&S segment in hopes of attracting talent “There is no doubt a real race for talent in …

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