Monthly Archives: <span>February 2023</span>

Howden’s Aston Lark to Acquire UK Broker Allegiance Insure

Aston Lark, a Howden company, announced it has agreed terms to acquire the independent broker Allegiance Insure Ltd. Financial details of the deal were not disclosed. London-based Allegiance Insure was established by Charles Wintour in 2015. The company specializes in …

Court Orders Nestlé to Pay $2.2 Million to Bullied Former Executive

Nestlé SA must pay a former executive 2 million Swiss francs ($2.16 million) after she was bullied and forced out of the company, the newspaper Tages Anzeiger reported, citing a local appeals court ruling. The Canton of Vaud Court of …

Maersk Sues Evergreen in Danish Court Over 2021’s Suez Canal Blockage

Shipping group Maersk said on Monday it had filed a lawsuit against the owner and operator of container ship Ever Given, which blocked the Suez Canal for six days in 2021, claiming compensation for delays caused by the incident. The …

Vermont Regulators Remove Possibly Contaminated Marijuana From Stores

Vermont regulators have removed marijuana potentially contaminated with a pesticide from five retail stores after a consumer reported feeling sick after smoking some. Vermont’s Cannabis Control Board issued a consumer protection warning last week for all strains of marijuana produced …

Independent Insurance Agents of Texas Endorses CISR Designation

Austin, TX., February 14, 2023 –– The Certified Insurance Service Representative (CISR) designation provided by The National Alliance for Insurance Education & Research is now endorsed by the Independent Insurance Agents of Texas (IIAT) as their professional designation for CSRs. …

Liberty Mutual Launches Global Cyber Office to Better Manage Complex Cyber Risks

Liberty Mutual Insurance announced the formation of a Global Risk Solutions (GRS) Global Cyber Office and the appointment of a leadership team consisting of industry experts. The office aims to build and scale Liberty Mutual’s cyber capabilities around the world, …

As ChatGPT’s Popularity Explodes, U.S. Lawmakers Take an Interest

ChatGPT, a fast-growing artificial intelligence program, has drawn praise for its ability to write answers quickly to a wide range of queries, and attracted U.S. lawmakers’ attention with questions about its impact on national security and education. ChatGPT was estimated …

Norway’s $1.35 Trillion Wealth Fund: We Won’t Back Boards Who Fail on Climate

Norway’s $1.35 trillion wealth fund will step up its engagement with companies over their management of climate risk by voting against board members it deems are not doing enough on the issue, it said on Thursday. Investing the state’s revenues …

European Medicines Agency Committee Starts Safety Review of Cold Medicines

A European Medicines Agency (EMA) committee said on Friday it has started a review of decongestant medicines for cold and flu that contain the ingredient pseudoephedrine following safety concerns. The EMA said the review was due to reports of conditions …

India’s Kotak Mahindra Bank Weighs Sale of Stake in General Insurance Unit: Sources

Kotak Mahindra Bank Ltd., backed by billionaire Uday Kotak, is considering selling a minority stake in its general insurance unit, according to people familiar with the matter. The lender is working with an adviser on the potential sale of a …