Yearly Archives: <span>2023</span>

Viewpoint: Proposed Flood Zone Expansion Would Increase Need for Private Insurance

A federal advisory panel’s proposal that the U.S. government expand the areas considered to be at high risk of flooding could increase the number of homeowners required to buy flood insurance. While this would increase the amount of insured flood …

People Moves: Canopius Names Newman UK CEO; Gibson Named Sedgwick’s UK CEO

This edition of International People Moves details appointments at Canopius Group and Sedgwick. A summary of these new hires follows here. Canopius Promotes Newman to UK CEO Canopius Group, the London-based specialty re/insurer, announced the appointment of Mark Newman as …

Columbia University and Hospital Plan $100M Fund for Hadden Sex Abuse Survivors

New York City’s Columbia University and Columbia University Irving Medical Center (CUIMC) announced a plan that includes a $100 million fund for survivors to address the abuse and trauma inflicted by former gynecologist Robert Hadden. The $100 million survivors’ settlement …

Colorado Legislature Convening to Address Skyrocketing Property Costs

Colorado Gov. Jared Polis hoisted a red baseball bat and smashed emergency glass in a silly demonstration for a very real crisis, Colorado homeowners are looking down the barrel of a potential 40% jump in property tax bills. After a …

ICBC Flies Top Executives to US in Race to Contain Hack Fallout

Within days of a cyberattack at its US unit, members of Industrial & Commercial Bank of China Ltd.’s management were on a plane. Officials from the world’s largest lender arrived in the US over the weekend in a hastily arranged …

Update – Economic Threats Top List of G20 Business Leaders’ Concerns: WEF Survey

Economic and societal threats – such as an economic downturn, inflation, and an erosion of social cohesion – rank among the biggest risks in G20 countries over the next two years, according to a global survey of business leaders conducted …

Judge Says Hair Relaxer Claims Against L’Oreal, Revlon Can Proceed

A federal judge on Monday allowed the majority of claims to move forward in sprawling litigation that claims chemical hair relaxer products made by L’Oreal USA, Revlon and others cause cancer and other injuries. Illinois-based U.S. District Judge Mary Rowland …

Clear Group Buys UK’s Peter Hoare & Co. (Insurance Brokers) Ltd.

The Clear Group, the London-based independent broker, has acquired Peter Hoare & Co. (Insurance Brokers) Ltd., based in Sheffield, England. Financial details of the transaction were not disclosed. Established in 1964, Peter Hoare specializes in commercial, motor and liability risks. …

2 Arrested After Atlanta Apartment Fire Linked to Fireworks Displaces 100+

ATLANTA (AP) — Two people have been arrested in connection with a fire that damaged an Atlanta apartment complex and led to more than a hundred evacuations. Atlanta news outlets reported that the fire happened Friday night. Firefighters were still …

Arthur J. Gallagher & Co. Acquires Australia’s Edgar Insurance Brokers

Arthur J. Gallagher & Co. announced the acquisition of Cobram, Victoria-based Edgar Insurance Brokers. Terms of the transaction were not disclosed. Edgar Insurance Brokers provides commercial insurance products and services in Australia with a client focus of rural and farm, …