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Broker NFP Forms Captive Manager in Canada

Insurance broker NFP has established a captive management firm in Canada following Alberta’s establishment of a regime for captive insurance for organizations wanting to self-insure against risk instead of buying insurance from a third party. The Captive Insurance Companies Act …

Russia Pauses Seizure of Assets of Western Firms Exiting the Country

Note: This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. Moscow’s plan to implement a new law enabling authorities to seize the assets of Western firms leaving the country failed to get …

Hong Kong Securities Chief Alder Named Chair of Financial Conduct Authority

The UK Treasury has announced the appointment of Ashley Alder as the new chair of the Financial Conduct Authority (FCA). Alder is currently chief executive officer of the Securities and Futures Commission (SFC) in Hong Kong, a role he has …

Agent’s Plea That Landscaping Includes Tree Removal Fails

A New Jersey insurance agency has failed to convince two courts that a landscape gardening insurance policy for a long-time client was ambiguous enough to also cover tree removal. The agency also struck out with its argument that tree removal …

Specialty Insurer Mosaic Opens for Business in Canada With Fraser at Helm

Mosaic Insurance is opening an office in Toronto, Ontario and has hired Ian Fraser to spearhead the company’s expansion into the Canadian specialty insurance market. Fraser joins as president of Mosaic Insurance Services Canada Inc., responsible for operational strategy and …

California Firefighters Making Gains in Yosemite Wildfire

California firefighters were gaining ground in the battle against a wildfire that poses a threat to a grove of giant sequoias and a small community in Yosemite National Park. The Washburn Fire on the western flank of the Sierra Nevada …

Beazley: Data Exfiltration Remains Prevalent as Attack Methods Evolve

Data exfiltration, or the theft or unauthorized transfer of data from any device, is a common form of cyber crime, and specialist insurer Beazley found in a recent report that the criminals are becoming much more sophisticated. The company released …

California Insurance Commissioner Issues Year Moratorium on Cancellations, Non-Renewals Following Wildfires

California Insurance Commissioner Ricardo Lara ordered insurance companies to preserve residential insurance coverage for more than 85,000 policyholders affected by fires in Santa Barbara County and Monterey County after Gov. Gavin Newsom issued emergency declarations this month. The commissioner’s bulletin …

Signatures for Arkansas Recreational Marijuana Submitted

Supporters of initiatives to legalize recreational marijuana and scale back casino gambling submitted thousands of signatures Friday to get their proposals on the Arkansas ballot. Friday was the deadline for groups to turn in the signatures needed to qualify for …

People Moves: Accuserve Names Hanson as CCO; United Fire Group Announces Promotions

Accuserve Names Rob Hanson as CCO Accuserve Solutions announced the appointment of Rob Hanson as chief client officer. Hanson will be responsible for ensuring customer success and driving the company’s growth across multiple markets. He will lead the account management, …

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