U.S. Treasury Begins Inquiry Into Climate Risks in Insurance August 31, 2021 The U.S. Department of the Treasury has announced that the Federal Insurance Office (FIO) is requesting information and soliciting public...
Floods, Outages Stall Oil Companies’ Efforts to Restart After Hurricane Ida August 31, 2021 By Marianna Parraga and Stephanie Kelly Widespread flooding from Hurricane Ida and power outages slowed efforts on Tuesday by energy firms to assess damages at oil...
Ascot Realigns Global Reinsurance With Launch of Ascot Re August 31, 2021 HAMILTON, BERMUDA — Ascot announced the launch of Ascot Reinsurance, a global platform dedicated to reinsurance underwriting and ceded risk...
Ping An Insurance Denies Regulator Halted Sales of Alternative Investments August 31, 2021 By Bloomberg News Ping An Insurance (Group) Co. denied that it has been ordered by regulators to halt sales of property-related alternative investments...
Court Revives Bernie Madoff Customers’ $343M Clawback Suit Against Citigroup August 31, 2021 By Jonathan Stempel A U.S. appeals court said the trustee liquidating Bernard Madoff’s firm can pursue a $343.1 million clawback lawsuit against Citigroup...
Toyota to Restart Paralympic Village Driverless Vehicles Following Accident August 31, 2021 By Tim Kelly Toyota Motor said on Monday it would resume operations of its self-driving e-Palette pods at the Tokyo Paralympic Games village...
Pandemic Uncertainty Hasn’t Slowed Private Equity Investments in Insurance: S&P Global August 31, 2021 Private equity and venture capital firms have been pouring capital into insurance companies despite the uncertainties about claims and losses...
‘Mission: Impossible’ Movie Producer Sues Insurer Over 7 Coronavirus Stoppages August 31, 2021 By Jill Serjeant Production on the new “Mission: Impossible” movie was shut down seven times due to the coronavirus pandemic, according to a...
Uber Proposes Gig Industry Benefits Model in Canada August 31, 2021 By Tina Bellon Uber Technologies Inc. on Monday proposed a plan for a flexible benefits fund for app-based ride-hail and food delivery drivers...
People Moves: New Hires at Buckle, Plymouth Rock Assurance August 31, 2021 Buckle Appoints Sinclair to Newly Created Position of Chief People Officer Buckle, a tech-enabled financial services company, appointed Cheryl Sinclair...