Howden to Acquire UK Broker Aston Lark From Goldman Sachs October 13, 2021 Howden, the London-based insurance broking group, announced it has reached an agreement to acquire Aston Lark from Goldman Sachs Asset...
Munich Re’s Venture Arm Raises $500M for Fund Focused on Insurtech, Cybersecurity October 13, 2021 Munich Re Ventures, the venture capital arm of Munich Re Group, has closed its new $500 million investment fund, with...
Typhoon Kompasu Lashes Hong Kong, Forcing Cancellation of Stock Trading October 13, 2021 By Dominic Lau and Jeanny Yu Hong Kong suspended schools and the city’s $6.3 trillion stock market canceled trading Wednesday as strong winds and rain from...
Chicago Meat Plant to Pay $1.1M to Settle Race Discrimination, Retaliation Suit October 13, 2021 Federal authorities say a Chicago meat processing company that was charged with unlawfully harassing black employees, rejecting them for hire,...
China’s Anti-Graft Watchdog to Inspect Financial Regulators, State Banks, Insurers October 13, 2021 By Bloomberg News China is inspecting the nation’s financial regulators, biggest state-run banks, insurers and bad-debt managers for the first time in six...
Texas Governor’s Vaccine Mandate Ban ‘Puts a Big Burden on Employers’ October 13, 2021 By Mitchell Ferman, The Texas Tribune Companies doing business in Texas now face new and complicated challenges after Gov. Greg Abbott this week banned COVID-19 vaccine...
Top 10 P/C Insurance Market Conduct Issues October 13, 2021 The U.S. insurance industry’s top compliance shortcomings relate to claims handling noncompliance, including timeliness, required disclosures, payments and grievance and...
Former Georgia Insurance Commissioner Sentenced to 7 Years October 12, 2021 By William Rabb A federal judge on Tuesday sentenced former Georgia Insurance Commissioner Jim Beck to seven years in prison and ordered him...
Arthur J. Gallagher Acquires Ohio’s W.P. Dolle October 12, 2021 Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, headquartered in Rolling Meadows, Illinois,...
Despite Collapse Fears, Condo Sales in South Florida Are Soaring October 12, 2021 Despite the collapse of a condominium building in June and the growing threat of rising sea levels, condo sales in...