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In Its Quest for Diversity, Insurance Industry Finds One Size Does Not Fit All

In the wake of massive protests last year focused on racial equity and social justice, insurers are among the many industries confronting the need to incorporate more diversity into their hiring and business practices. There are many different ideas in …

People Moves: Aon’s EMEA Promotions; Lockton Re Hires Charit from Aon; Miller Names Hobbs as Head of Cyber

This edition of International People Moves covers appointments at three re/insurance brokers: Aon, Lockton Re and Miller. A summary of these new hires follows here. Insurance broker Aon plc has announced several promotions within its team in the Europe, Middle …

Delaware Captive Insurance Legislation Signed by the Governor

With Delaware Governor John Carney’s recent signature, the state’s Captive Insurance Division is providing increased flexibility in its offerings to captive insurance companies. Senate Substitute 1 for Senate Bill 36 allows captives to be classified as registered series, offers clarity …

New York Man Arrested for Insurance Fraud Following Criminal Investigation

A New York man has been arrested for insurance fraud in the second degree following a year-long criminal investigation. On January 28, 2020, the Ellenville Fire Department requested the Ulster County Fire Investigation Unit to respond in Wawarsing, New York, …

World Insurance Associates Acquires New Jersey’s McCue Captains Agency

World Insurance Associates LLC (WIA) has acquired McCue Captains Agency of Little Silver, New Jersey, on July 1, 2021. Terms of the transaction were not disclosed. McCue Captains Agency was founded in 1927 as a local independent insurance agent. They …

Q&A: Have Drivers Gotten Worse Since COVID?

As the restrictions around COVID-19 are lifted, and more and more people hit the road to return to their work spaces and routines, there has been a familiar refrain: “People have forgotten how to drive.” Is it true? Are drivers …

Global P/C Industry Sees Strongest Rate Hikes in 20 Years but Inflation Headwinds Loom

Robust global economic recovery, higher risk awareness and the strongest rate hardening for 20 years in non-life insurance commercial lines will combine to push premiums 10% above pre-COVID-19-crisis levels this year, creating a faster bounceback than from the global financial …

Drug Overdose Deaths Hit Record 93,000 During 2020 Pandemic

Overdose deaths soared to a record 93,000 last year in the midst of the COVID-19 pandemic, the U.S. government reported Wednesday. That estimate far eclipses the high of about 72,000 drug overdose deaths reached the previous year and amounts to …

Cape Analytics Gains $44 Million in Financing

Cape Analytics has attracted $44 million in new financing that the of property data firm plans to use for expansion, accelerated product development, and hiring of more machine learning, data science and risk experts. Launched in 2014, Cape Analytics uses …

Houston Fans Shamed by Astros Cheating Scandal Strike Out with Lawsuit

Houston Astros ticket holders can’t sue the team over its signal-stealing scandal even if it caused them “embarrassment, disappointment, shame and disgrace,” a Texas appeals court ruled Thursday. Buying a ticket gives sports fans the license for a seat at …

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