NC Commissioner Blasts Bill Giving Blue Cross More Control Over its Surplus April 27, 2023 North Carolina’s dominant health insurance provider could transfer billions to a holding company instead of returning portions of that surplus...
Ship Insurers Warn of Russian Oil Price Cap Evasion, Risks of Growing ‘Dark Fleet’ April 27, 2023 By Jeslyn Lerh and Muyu Xu A rise in spot prices for Russian crude oil to above the $60 per barrel cap imposed by western powers...
Ermotti Steps Down as Swiss Re Chair on April 30 When de Vaucleroy Takes Interim Role April 27, 2023 Swiss Re announced that Sergio P. Ermotti is stepping down as chairman of the Board of Directors on April 30,...
Allegations Against Former Barclays CEO Staley ‘Very Serious’: CEO April 27, 2023 By Lawrence White Allegations made against British bank Barclays’ former CEO Jes Staley regarding his ties with sex offender Jeffrey Epstein are “very...
Fire Fears After UK’s Grenfell Disaster Set Back Wood Building, With Insurance as Factor April 27, 2023 By Olivia Rudgard To get fire department approval for their six-story London office project made of strong engineered wood known as mass timber,...
ESG Backlash Overshadows Power to Drive Better Returns: UK’s Biggest Fund Manager April 27, 2023 By Alastair Marsh The politicization of the acronym ESG risks overshadowing its power to drive returns for shareholders, according to the head of...
Hybrid-Work Environments Are Becoming More Inclusive for Women: Deloitte April 27, 2023 By Ella Ceron After three years of trial and error, hybrid-work environments are finally becoming more inclusive. The number of women who reported...
Verisk Acquires German Motor Claims Insurtech SV Krug April 27, 2023 Verisk, a leading global data analytics and technology provider, has acquired Krug Sachverständigen GmbH, a Germany-based motor claims solutions provider....
Pennsylvania High Court Addresses When Stacked Coverage Waiver Is Not Needed April 27, 2023 By Andrew G. Simpson The removal of a vehicle from a multiple motor vehicle insurance policy, in which stacked coverage had previously been waived,...
Q1 2023 M&A Transactions Lowest Since 2019 April 27, 2023 By Jahna Jacobson This year’s first-quarter insurance agency mergers and acquisitions were down to the lowest total since Q1 2019, according to a...