Howden, the London-based insurance group, announced the appointment of Rowan Douglas as CEO, Climate Risk & Resilience, effective June 26. Douglas’ role is to continue to build an expert, full spectrum function to support the group worldwide, embedding climate and …
Australia’s banking regulator told insurer Medibank on Tuesday it would have to set aside A$250 million ($167 million) in extra capital, citing weaknesses identified in its information security after a major hacking breach. Shares of the country’s biggest health insurer …
PwC Australia’s sale of its government consulting business may give it temporary respite from a crisis in its tax practice but is unlikely to repair its toxic brand in the country anytime soon, according to experts. PwC said on Sunday …
Publishers Clearing House (PCH), which offers sweepstakes where people can win thousands of dollars per week for life, has agreed to pay $18.5 million and change its business practices to settle allegations it misled consumers about its contests, the U.S. …
Commercial space travel shares plenty of similarities with deep sea tourism: wealthy customers, tight spaces, far-flung destinations and waivers that clearly warn people they’re risking death by embarking on unregulated vehicles. As the world dissects what went wrong with the …
The Florida Insurance Guaranty Association, which handles the claims of insolvent insurers, plans to borrow $600 million by selling municipal bonds, according to preliminary offering documents. It is the first time in three decades the agency has tapped the municipal …
Florida lawmakers this year approved a measure that could help reduce liability insurance premiums for home and condo builders – and limit exposure and litigation for liability insurers. But Senate Bill 360, which took effect in April, could also make …
Connecticut is updating its captive insurance law to provide more flexibility for established captive cells and allow captives to accept and transfer risk using parametrics. The legislation also provides tax benefits for owners of dormant captives. Connecticut Governor Ned Lamont …
A Massachusetts town is immune from liability for the death of an ATV rider who was killed after striking a wire cable strung across a right of way on town land by the owner of the adjacent private property. The …
New York City officials called on the public to help with a crackdown on unsafe e-bike shops after a spate of deadly fires caused by lithium ion batteries, the latest of which killed four people in Manhattan’s Chinatown last Tuesday. …
