News

SEC to Unveil Rule to Crackdown on Funds ESG ‘Greenwashing’

The U.S. Securities and Exchange Commission (SEC) on Wednesday will propose rule changes aimed at stamping out unfounded claims by funds on their environmental, social and corporate governance (ESG) credentials, and enforcing more standardization of such disclosures. The proposal will …

Hilb Group Adds to Commercial Lines, Surety Business in Tri-State Region

The Hilb Group said it has acquired a book of commercial property/casualty insurance and surety bond business in its tri-state region of operations. The company said that the seller, Scott Kuzmic, a commercial property/casualty and surety producer, will join Hilb. …

Florida Lawmakers Set to Adopt Strict Statewide Condo Inspection, Reporting Bill

After addressing Florida’s insurance crisis, lawmakers on Tuesday quickly approved another piece of legislation they did not get to during the regular session in March – a revamp of condominium laws that would require more frequent inspections, more reserved funding …

Rain and Snow Slow New Mexico Wildfire, But Hot, Dry Weather Looms

The largest wildfire in North America slowed to a near standstill in northern New Mexico Tuesday amid light rain and a bit of snow in the mountains as nearly 3,000 firefighters scrambled to get ahead of a worsening fire forecast …

Bill Would Enable California Parents to Sue for Social Media Addiction

California could soon hold social media companies responsible for harming children who have become addicted to their products, permitting parents to sue platforms like Instagram and TikTok for up to $25,000 per violation under a bill that passed the state …

Florida House Committee Follows Suit, Quickly Approves Insurance Reform Bills

A Florida House committee and the state Senate wasted little time Tuesday in approving sweeping property insurance bills, leaving only the full House of Representatives to cement the changes on Wednesday, which would likely ending the special session two days …

Mining Company Glencore to Pay Up to $1.5B to Settle U.S., UK, Brazil Bribery Probes

Glencore Plc said on Tuesday it anticipates paying up to $1.5 billion to settle accusations of bribery and market manipulation, as authorities in the United States, Britain and Brazil announced that three of the company’s subsidiaries were pleading guilty to …

It Is Time for Insurers to Meet Needs of Tech Driven Businesses

To describe the past couple of years as tumultuous is something of an understatement. The global pandemic overlaid with hard market conditions in many insurance classes has kept many in our industry awake at night. The pandemic undoubtedly helped accelerate …

People Moves: AXA XL Names Benet Global CUO, Succeeding Bewlay; Marsh’s Neild Joins Howden’s UK Cyber Retail Practice; MS Amlin Taps Compre’s Margetts for Strategy

This edition of International People Moves details appointments at AXA XL, Howden and MS Amlin. A summary of these new hires follows here. AXA XL Names Benet Global Chief Underwriting Officer, Succeeding Bewlay AXA XL has named Libby Benet to …

What to Know About Hacktivism and Its Role in Global Conflict

A specific type of cyber threat has made its way to the front of the conversation in the wake of the Russia-Ukraine conflict, and experts say it could play an increasing role in global conflicts even beyond what’s happening in …

News Archives by Month