Britain’s markets watchdog has told the bosses of commercial insurance companies to stamp out bad behavior in the industry and improve diversity, or risk losing their jobs. The warning follows last year’s admission by Lloyd’s of London of sexual harassment …
As the devastation from Australia’s bushfires widens, the insurance industry is calling for concerted action to mitigate the impact of climate change. Months of out-of-control fires have burnt an area more than five times the size of Wales and industry-wide …
Actuarial consulting firm Pinnacle Actuarial Resources, Inc. has named Tim Mosler a principal and consulting actuary. He will continue to be based in the firm’s Atlanta office. Mosler joined Pinnacle in 2014 and has been in the property/casualty insurance industry …
Three boats capsized and sank Saturday during a catfishing tournament on a north Alabama lake, but no injuries were reported, authorities said. The boats were participating in the annual Winter Blues on Wheeler tournament on Lake Wheeler. They capsized shortly …
The White House on Tuesday proposed regulatory principles to govern the development and use of artificial intelligence (AI) aimed at limiting authorities’ “overreach,” and said it wants European officials to likewise avoid aggressive approaches. In a fact sheet, the White …
Plans to rehabilitate Florida auto insurer Windhaven Insurance Co. have been deemed “useless” and the company will instead be liquidated. In a Jan. 6 order, Leon County Court Judge Ronald W. Flury said the Florida Department of Financial Services, which …
Distinguished Programs has hired Paul R. Zeni as its new Northern California regional sales executive. Zeni has roughly 35 years of insurance industry experience. Zeni will represent Distinguished Programs insurance products across all industry service sectors. Prior to his work …
La Jolla, Calif.-based Palomar Holdings Inc. announced the underwritten public offering of 5 million shares of the company’s common stock, par value $0.0001 per share, which consists of 750,000 shares of common stock offered by the company and 4,250,000 shares …
Commercial property/casualty and professional liability insurer Philadelphia Insurance Companies announced leadership changes, effective January 1, 2020. President and Chief Executive Officer Bob O’Leary has become chairman, succeeding the departing Jamie Maguire. O’Leary will continue as CEO. Chief Underwriting Officer John …
Cyber risks were cited as the top concern among businesses of all sizes in 2019, according to a Travelers report released in October. Of the 1,200 business leaders who participated in an insurer-sponsored survey, 55% said they worry some or …
