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People Moves: Howden Re Names Hearn as Chair, Global Clients Strategy; Ex-Lloyd’s CEO Beale Named Chair of Climate Consultancy South Pole

This edition of International People Moves details appointments at Howden Re and climate consultancy South Pole. A summary of these new hires follows here. Howden Re Names Hearn as Chair, Global Clients Strategy Howden Re, the reinsurance and risk advisory …

Nurse Honored for Compassion Is Fired After Referring to Gaza ‘Genocide’ in Speech

A nurse was fired by a New York City hospital after she referred to Israel’s war in Gaza as a “genocide” during a speech accepting an award. Labor and delivery nurse Hesen Jabr, who is Palestinian American, was being honored …

Investors With Trillions Aren’t Handling Australia Climate Risks: Study

Major investors in Australia aren’t responding fast enough to rising threats to infrastructure and other assets from cyclones, floods and other natural disasters, according to a group focused on climate risks. Extreme weather events in the nation in recent years …

Israel Aims to Boost Red Sea Oil Deliveries Despite Environmental Risks

Israel plans to allow more oil tankers to dock at a Red Sea port in Eilat despite environmental risks, as it strives to maintain energy security amid conflict on multiple fronts, according to Israeli officials and government documents. Prime Minister …

Cleaner Shipping Fuel Is Contributing to Ocean Warming: Report

Shipping fuel regulations introduced in 2020 have led to a substantial cut in sulfur dioxide (SO2) pollution, but may also have made the ocean warmer by reducing cloud cover, according to a modeling study in a paper published late on …

Nationwide’s Kandhari Talks Building a Bionic Workforce With AI

Nationwide’s Chetan Kandhari said the company is working to build a bionic workforce. Maybe that brings to mind robots, futuristic technology and sci-fi imagery, but Kandhari said no one should fear robots replacing humans. Bionic simply means that biological components …

US P/C Insurers Hit Record Investment Income in 2023

The U.S. property/casualty insurance segment’s net investment income hit a record $73.9 billion in 2023, bolstered by the higher interest rate environment, according to a new AM Best report. The Best’s Special Report, “U.S. P/C Insurers Achieve Record Investment Income …

AIG Drops Claims Against Former Execs Who Started Dellwood Insurance

American International Group and a group of its excess and surplus lines subsidiaries have dropped claims against three former AIG executives who launched Dellwood Insurance Group but its claims against the E&S lines insurer live on. AIG earlier in May …

‘Cautiously Optimistic’ on Florida: Defense Costs Down, but Reinsurance Still a Drag

Analysts with the AM Best financial rating firm and other stakeholders are cautiously optimistic about the resurrection of the Florida property insurance market, 18 months after state lawmakers approved monumental litigation reforms. That was the sentiment gleaned from a Thursday …

Boeing Pays Millions in Wages After in Washington Investigation

A Washington wage complaint investigation resulted in The Boeing Co. paying $11.5 million in unpaid wages to nearly 500 workers. The Washington State Department of Labor & Industries reports receiving four complaints in November 2022 from workers who were performing …

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