Weather Whiplash: Summer Lurches From Drought to Flood August 25, 2022 By Seth Borenstein Parts of northern Texas, mired in a drought labeled as extreme and exceptional, are flooding under torrential rain. In a...
US Pandemic-Era Inflation Mostly Driven by Demand Surge, NY Fed Study Finds August 24, 2022 By Jonnelle Marte The majority of US pandemic-era inflation came from a surge in demand, but supply-chain constraints stoked it further, Federal Reserve...
‘Hating ESG’: Advocates Are Looking to Replace the Label August 24, 2022 By Saijel Kishan and Frances Schwartzkopff A number of sustainable investing champions say it’s time for the “ESG” label to be shelved and replaced by something...
Man-Made Crises Threaten P/C Markets, Says Joint Report From Trade Associations August 24, 2022 By Chad Hemenway Several insurance industry trade associations used the 30th anniversary of Hurricane Andrew – a storm that upended and transformed insurance...
InsurTech Founders Say Launching an MGA Means Learning to Juggle August 24, 2022 By Elizabeth Blosfield Any founders considering launching an InsurTech MGA should learn how to juggle, panelists said during a discussion hosted by Socotra...
Twitter Misled Regulators on Hackers and Spam, Whistleblower Claims August 24, 2022 Twitter Inc. misled federal regulators about its defenses against hackers and spam accounts, the social media company’s former security chief...
Small Business Satisfaction With Commercial Insurers Resurges: J.D. Power August 24, 2022 A toxic combination of business disruption and economic uncertainty strained the relationship between small businesses and their commercial line insurers...
People Moves: Hyde to Lead Erie DEI; Hilb Names Cohen Carrier Relations Head; Trokan Westfield’s Head of Cyber; 3 Senior Hires at Magnolia Grove August 23, 2022 Erie Insurance names diversity, equity and inclusion leader Lance Hyde to VP role Erie Insurance has named Lance Hyde to...
Meta Reaches $37.5 Million Settlement of Facebook Location Tracking Lawsuit August 23, 2022 By Jonathan Stempel Meta Platforms Inc. reached a $37.5 million settlement of a lawsuit accusing the parent of Facebook of violating users’ privacy...
Children’s Hospitals Harassed Over Transgender Care Programs August 23, 2022 Doctors and other staffers at Boston Children’s Hospital are being threatened with violence over its surgical program for transgender youths,...