Monthly Archives: <span>April 2025</span>

Update on New Jersey Wildfire: Suspect Charged With Arson

New Jersey officials announced that a 19-year old man has been charged with arson in connection with the Jones Road wildfire that started on April 22 and has spread throughout the southern Ocean County area. Joseph Kling of Waretown failed …

Generali CEO Secures New Term After Contested Natixis Deal

Generali Chief Executive Philippe Donnet secured shareholder support on Thursday to stay in the job for another three years, after he struck a landmark asset management deal that irked both a major investor and the Rome government. The vote hands …

UK’s Extremely Dry Start to Year Raises Crop and Wildfire Risks

The UK’s driest start to the year in four decades is threatening the country’s grain crops and increasing the risk of wildfires. Total precipitation of about 20.5 centimeters (8.1 inches) during the first quarter was the lowest since 1985, according …

AXA Board Proposes to Renew CEO Buberl’s Mandate in 2026

French insurer AXA’s board of directors will propose the renewal of Chief Executive Thomas Buberl’s mandate for another four years at its annual shareholder meeting in 2026, the company said on Wednesday. Buberl, 52, has led the group since 2016 …

UniCredit Holds Stake of Between 6-7% in Generali, Source Says

UniCredit has increased its stake in insurer Generali to between 6% and 7%, a person with knowledge of the matter said on Thursday, ahead of a key shareholder vote to pick a new board of directors. Unicredit’s stake was 5.3% …

The Race to Fix Aging Computer Systems Heats Up With AI’s Help

Kresimir Mudrovcic and his team of programmers spend months on end trawling through computer code that can be three times as old as the crew’s youngest members. Mudrovcic specializes in mainframe technology, involving computers tracing their roots to the dawn …

Tech Update: Lloyd’s Backs BreachBits; ZoJacks Prevents Water Claims; Eagleview Expands Drone Options

Washington, D.C.-based BreachBits has received an investment of an undisclosed amount from Lloyd’s in what is the London-based global insurance marketplace’s third strategic innovation investment from among over 150 alumni of the Lloyd’s Lab. This investment follows BreachBits’ successful co-development …

More Floridians Moving Out Due to Housing, Insurance Costs, Cotality Report Says

Florida’s elected leaders have long touted the “1,000 people a day” moving into the state. But that trend shows signs of slowing, with people moving out of the Sunshine State due to surging housing and property insurance costs, according to …

Distracted Drivers Are Overconfident; 20% Still Texting While Driving

Driver overconfidence is leading to risky behavior. Nationwide’s latest driver survey found 20% of drivers text while driving, 15% use social media, 13% watch videos, and 11% read or write emails. Half of all drivers admit to eating or drinking …

People Moves: SCM Names Valenzuela VP and Bond Manager; Breiter Joins Alliant in California

Valenzuela Joins SCM as Vice President and Bond Manager SullivanCurtisMonroe Insurance Services named Adriana Valenzuela vice president and bond manager. Before joining SCM, Valenzuela managed the surety department for Alliant Insurance Services’ Western offices. She also previously served as an …