Yearly Archives: <span>2023</span>

New York ‘Clean Slate’ Bill to Seal Old Criminal Records Reaches Gov. Hochul’s Desk

New Yorkers who commit crimes could have their records automatically sealed if they stay out of trouble for a certain number of years after they have finished serving their sentences under a bill passed by state lawmakers Friday. The “clean …

Erie Canal Tourist Boat Capsizing in New York Takes 1 Life

One person was killed and multiple people were sent to local hospitals after a boat capsized Monday during a tour of an underground cavern system built to carry water from the Erie Canal beneath the western New York city of …

People Moves: Graham-Rogers Promotes Owens and Walker

Graham-Rogers Insurance Promotes Owens and Walker in SLS Roles Graham-Rogers Insurance has promoted Jana Owens to operations lead with standard lines services (SLS). Owens comes from a background in standard lines services. Before joining the team, she adjusted workers’ compensation …

People Moves: Guy Carpenter Expands Cyber Team With Key Appointments; Aspen Appoints AXA XL’s Welch as Chief Underwriting Officer, Reinsurance

This edition of International People Moves details appointments at Guy Carpenter and Aspen Insurance Holdings. A summary of these new hires follows here. Guy Carpenter Expands Cyber Team With Key Appointments to Global Team Guy Carpenter, the reinsurance business of …

Lloyd’s and Dubai Partner to Launch Insurtech Accelerator

Lloyd’s, the marketplace for commercial, corporate and speciality risk solutions, has announced a partnership with Dubai’s Department of Economy and Tourism (DET) to facilitate growth opportunities for Dubai-based insurtech start-ups and entrepreneurs. The memorandum of understanding (MOU) facilitates the development …

These Cryptocurrencies Are Getting Hit Hardest Under the SEC Crackdown

They range from the brainchild of a winner of computer science’s most prestigious award to a crypto token supporting the biggest blockchain-based video game. But they all have one thing in common, according to the US Securities and Exchange Commission: …

Head of NHTSA Leaves Agency After Audit Finds Management Problems

The head of the U.S. government’s office that investigates automobile safety problems has resigned from his post just days after the release of a harsh audit criticizing how the office was managed. Stephen Ridella stepped down as director of the …

Nationwide to Take Actions to Limit Risk in Personal, Commercial Portfolios

Add Nationwide to a growing list of insurers making changes to deal with losses in some areas of the country. In a June 12 “business actions update” Nationwide announced moves “to mitigate risk and manage the personal and commercial lines …

Brazil Court Backs Government in $24B Tax Dispute; Ruling Hits Insurers, Banks, Brokers

A majority of judges on Brazil’s Supreme Court voted on Monday to back tax authorities in a judgment on how to calculate levies on banks and other financial institutions that could add as much as 115 billion reais ($23.6 billion) …

Canadian Wildfires Shutter Sawmills, Drive Up Lumber Prices

Canada’s worst-ever spring wildfire season has forced its forestry industry to shutter sawmills, driving up lumber prices and setting production back for months just as housing construction has slowed due to higher costs and a tight labor market. Canada has …