People Moves: SCOR Taps AXA XL’s Guest as Head of Crisis Mgmt; Former Beazley Exec Beattie Joins CFC as Head of Innovation; Allianz Trade Appoints New CEO October 21, 2022 This edition of International People Moves details appointments at SCOR UK, CFC Underwriting, and Allianz Trade. A summary of these...
Amazon Faces $1 Billion UK Class-Action Lawsuit Over Use of ‘Secretive’ Algorithm October 21, 2022 By Katharine Gemmell Amazon.com Inc. faces a UK class-action lawsuit over claims the tech giant uses a “secretive” algorithm to abuse its dominant...
Volkswagen Sued for Not Disclosing Alleged Private Climate Lobbying Activities October 21, 2022 Volkswagen AG was sued by institutional investors in Germany concerned that despite making public commitments to fighting climate change, the...
Ukraine Insurance Pricier, Harder to Organize Than During Iraq War: Sources October 21, 2022 By Carolyn Cohn and Noor Zainab Hussain Insurance for humanitarian workers, journalists, engineers and others heading to Ukraine is now more expensive and harder to organize than...
Taiwan’s Watchdog Says Insurers Have Enough Capital to Withstand COVID Claim Surge October 21, 2022 By Cindy Wang, Argin Chang and Krystal Chia Taiwan’s insurance industry has buffered itself against surging COVID claims after raising capital, the head of the island’s market regulator...
Russia Poised to Largely Circumvent G-7 Oil Price Cap, Insurance Restrictions October 21, 2022 By Noah Browning, Dmitry Zhdannikov and Jonathan Saul Russia can access enough tankers to ship most of its oil beyond the reach of a new G-7 price cap,...
Global Natural Disasters Cost Insurers $99B in Q3, With Economic Losses of $227B: Aon October 21, 2022 Global natural disaster events to the end of Q3 2022 caused total economic losses estimated minimally at $227 billion –...
Business Leaders Overconfident About Cyber Threats: Beazley October 21, 2022 Cyber remains a top concern, but business leaders may be overconfident about their resilience against the threat, according to new...
Hotaling Insurance Services Merges with Florida’s Akumen Insurance October 21, 2022 Hotaling Insurance Services, a brokerage and risk management team, has merged with Akumen Insurance Advisors of south Florida. The deal...
Choice Financial Acquires Georgia Pines; Hilb Adds Allegacy Unit October 21, 2022 Choice Financial Group, a regional insurance agency based in Virginia Beach, said it has acquired Georgia Pines Agency, expanding its...