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EU Weighs Stress Tests to Improve Financial Firms’ Buffers Against Climate Risks

The European Commission is considering stress tests and measures to force financial firms to raise their buffers against climate-change risks, the EU financial services chief said on Wednesday. The move would represent a major change in the bloc’s climate policy …

CSAA in California Names Vigus and Ummel Executive Vice Presidents

CSAA Insurance Group has named Ryan Vigus executive vice president, personal lines product, and Eric Ummel, executive vice president, commercial lines product. Vigus leads CSAA’s auto and home personal lines. His team develops and manages insurance products that serve the …

Google Parent Company Investigating How Sexual Misconduct Claims Were Handled

The board of Google parent company Alphabet Inc. is investigating executives’ handling of sexual harassment and other misconduct claims, and expects to complete its probe by early December, according to a recent court filing. CNBC first reported the investigation on …

Scores of U.S. Dams in Poor Condition Pose Danger to Thousands

On a cold morning last March, Kenny Angel got a frantic knock on his door. Two workers from a utility company in northern Nebraska had come with a stark warning: Get out of your house. Just a little over a …

Swiss Re’s Kaplan Joins North Carolina-Based AmWINS Group

AmWINS Group, Inc., a global distributor of specialty insurance products and services, has named Alex Kaplan executive vice president for Alternative Risk. In his new role, Kaplan will lead a new strategy around the development of parametric solutions and other …

Pioneer Programs Launches Targeted Violence Program

Pioneer Programs Insurance Solutions, LLC, has partnered with U.S.-based security leader 1st Watch Global and London-based EC3 Brokers to launch a new targeted violence program that combines comprehensive insurance coverage with risk management assessment. Backed by Lloyd’s capacity, the program …

Worldwide Facilities Promotes Kitchen to President, MGA Division

Gary Kitchen has been promoted to president, MGA Division, at Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program underwriter. Kitchen’s insurance industry career spans nearly three decades. He entered the insurance industry in Sacramento with …

BonusDrive Acquired by Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co. has acquired The EHE Group LLC, dba BonusDrive, which has offices in Austin, Texas, and Auburn Hills, Michigan. Terms of the transaction were not disclosed. BonusDrive offers a national automobile voluntary benefit program to channel …

New Oklahoma Law Allows Use of School Bus Cameras to Ticket Drivers

New legislation in Oklahoma that allows law enforcement to use cameras on school buses to track down drivers who illegally pass stopped buses went into effect on Nov. 1. House Bill 1926, by Rep. Dell Kerbs (R-Shawnee) and Sen. Ron …

Automotive-Focused Insurer Hagerty Opens New Facility in Dublin, Ohio

Hagerty, a membership, insurance and media organization for enthusiast vehicles and owners, continued its growth as an automotive lifestyle company today by announcing a new operations center in Dublin, Ohio. The new facility eventually will employ about 200 full-time IT, …

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