A convergence of global events has led to the hardest property-catastrophe reinsurance market in a generation and a “complex,” “grueling” and “late” January renewal season, which went down to the wire, according to reports issued by brokers Gallagher and Howden …
US labor board prosecutors have concluded that Starbucks Corp. illegally forced out a New York barista who has been a key architect of the union campaign that swept through hundreds of its cafes this year. The union leader, Jaz Brisack, …
American International Group (AIG) named Don Bailey as global head of distribution and field operations. He joins AIG from Bristlecone Partners, a growth and human capital consultancy firm, where he had been a partner since 2017. Bailey has held several …
Banks should be more careful about the risks of fraud, legal uncertainty and misleading disclosures by crypto firms, U.S. regulators warned on Tuesday, just two months after the collapse of crypto exchange FTX stunned the financial world. In their first …
Frontline Insurance Group, parent to two significant property insurers in Florida, has had its financial rating stability withdrawn by the Demotech rating firm. Frontline corporate leaders were not available to talk about the move. But company officials who spoke on …
Minimum wage earners will see a pay increase and employers will have to pay departing employees for unused vacation time under laws taking effect Jan. 1 in Maine. Maine’s minimum wage will increase from $12.75 to $13.80 based on a …
Michigan Gov. Gretchen Whitmer signed a bipartisan bill package into law last month to update Michigan’s holding company statute to ensure compliance with national accreditation standards. The package will provide the Michigan Department of Insurance and Financial Services with regulatory …
The U.S. Coast Guard spent hours searching the waters off Louisiana for four people on board a helicopter that crashed while departing an oil platform. The helicopter’s pilot and three oil workers went into the Gulf of Mexico about 8:40 …
BMS Group, the London-based independent specialty insurance and reinsurance broker, announced it has signed an agreement with private equity firm Eurazeo to receive an investment of up to £355 million ($428 million). Eurazeo will also acquire up to 34% of …
New Mexico Attorney General Hector Balderas is asking that changes be made to rules proposed by the U.S. government as it processes damage claims from a historic wildfire sparked by forest managers. Balderas filed comments on the Hermit’s Peak-Calf Canyon …
