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

Global Initiative Launched to Rate Corporate Carbon Offset Claims

A standard to assess companies’ claims about progress towards internal climate targets and their use of carbon offset credits was launched on Wednesday by a global initiative seeking to bring transparency and confidence to an unregulated market. Many companies have …

TotalEnergies Faces Second Lawsuit Over Oil Projects in Uganda and Tanzania

Five activist groups have sued French oil major TotalEnergies for a second time over its projects in Uganda and Tanzania in a Paris civil court, they said on Tuesday, after an earlier fast-track attempt was dismissed in February. The French …

Anti-ESG Movement in U.S. Feeds Anxiety Among UK Investors

Investors in the UK are starting to worry that the anti-ESG movement may spread from the US and get a foothold on the other side of the Atlantic. The UK Sustainable Investment and Finance Association (UKSIF), whose members oversee more …

Regulatory Weaknesses, Politics Driving Marketplace Exits, Industry CEOs Say

A trio of property/casualty carrier executives voluntarily offered their views on a growing insurance availability crisis in a state like California at an industry conference last week, pointing to regulatory disconnects and political issues as drivers. “I have real question …

How to Navigate Producer Licensing Complications to Sell Annuities

This post is part of a series sponsored by AgentSync. At the height of the pandemic, heightened fears and a greater awareness of mortality drove consumers away from annuities and increased demand for life insurance products. Now, as the world …

Georgia Laws on Ride-Share Insurance, Hospital Assaults Kick In July 1

Two Georgia laws take effect Saturday, July 1, that affect insurance for ride-share operators and, potentially, workers’ compensation claims from hospital workers. House Bill 529 lowers the minimum amount of uninsured and underinsured motorists’ coverage that ride-share companies must maintain. …

Georgia Agents Name Washowich President

The Independent Insurance Agents of Georgia this month installed Woodstock agent Wendi Washowich as president. Washowich is a client executive at Hamby and Aloisio Risk Management and Insurance in Atlanta and has been active in the IIAG for years, the …

Travelers Must Pay $2M for Yacht Lost in Irma: Florida Law Bars ‘Technicality’ Denials

Travelers must pay a $2 million claim by the owner of a 92-foot-long yacht that was sunk by Hurricane Irma because Florida law does not allow insurers to deny claims based on inconsequential technicalities. A panel of the U.S. 11th …

New York City Gets $25M for E-Bike Charging Stations to Prevent Battery Fires

After a series of fires involving faulty e-bike batteries including a recent blaze that claimed four lives, New York City officials announced Sunday that they are receiving a $25 million emergency grant from the federal government to fund scores of …

Car Dealer Shielded From Liability in ‘Courtesy’ Car Accident

Massachusetts car dealerships that provide customers with a courtesy vehicle to use while their car is being repaired are protected by federal law from liability should the courtesy car be in an accident, despite a state law that presumes the …