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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 …
POSTED MAY 25, 2022 3:26 PM |
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. …
POSTED MAY 25, 2022 3:18 PM |
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 …
POSTED MAY 25, 2022 2:52 PM |
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 …
POSTED MAY 25, 2022 2:34 PM |
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 …
POSTED MAY 25, 2022 2:31 PM |
People Moves: Verisk Promotes Shavel to CEO, Anquillare to President; Benet Named AXA XL Global CUO; Resilience Hires Ho for Lead Underwriting Role
Verisk said it appointed Lee M. Shavel to CEO and Mark V. Anquillare to president following the company’s annual shareholder meeting. Shavel was also elected to the Verisk Board of Directors. Three new independent directors, nominated by the company, were …
POSTED MAY 25, 2022 2:20 PM |
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 …
POSTED MAY 25, 2022 2:02 PM |
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 …
POSTED MAY 25, 2022 1:45 PM |
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 …
POSTED MAY 25, 2022 12:57 PM |
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 …
POSTED MAY 25, 2022 12:32 PM |
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