A group of over 85 insurers in Africa has pledged to create a financing facility to provide $14 billion of cover to help the continent’s most vulnerable communities deal with climate disaster risks such as floods and droughts. The commitment …
Aviva plans “regular and sustainable” investor payouts, its CEO said on Wednesday, as the British insurer reiterated plans for a share buyback program alongside its 2022 results and posted a rise in nine-month gross written premiums. Aviva, under pressure from …
More small financial services businesses will be exempt, the rules will be tailored to reflect more diversity in businesses, and top executives of financial services firms will face heightened accountability under proposed changes to New York’s model financial services cybersecurity …
While delegates at the COP27 climate conference discuss the shared problem of climate change, each country will face its own challenges and threats. In February, the U.N. climate science agency released a major report on adapting to a warmer world …
Over a third (36%) of companies who paid a ransom to cyber criminals went on to be targeted for a second time, according to the latest Cyber Readiness Report from Hiscox. In addition, more than four in 10 (41%) of …
Link Nabbed by ZestyAI as Head of Customer Success Cathy Link has joined ZestyAI as vice president of customer success. Link, a seasoned insurance industry leader, and former chief underwriting officer of the W. R. Berkley Company, brings a deep …
In California’s election races, incumbent Democrat Ricardo Lara defeated Republican challenger Robert Howell, a small business owner, in the race for insurance commissioner. Lara won with 58% of the vote and 94.9% of the precincts reporting. Howell ran with a …
California settled a lawsuit against a German company stemming from the emissions scandal that tarred Volkswagen in 2015 and Fiat Chrysler two years later. German auto supplier Bosch will pay $25 million to settle allegations by the state and California …
With just over three weeks to go until the official end of the 2022 North Atlantic Hurricane season, Subtropical Storm Nicole – the fourteenth named storm of the year, could be a rarely seen event – a hurricane in November …
New Jersey workers’ compensation and employer liability insurance rates will be cut an average 6.1% beginning January 1, 2023. The reduction is more than the 4.7% decrease that industry’s rating bureau had recommended. Insurance Commissioner Marlene Caride revised the figure …
