Allianz in Talks to Transfer Block of Life Assets to Free Up Regulatory Capital: Sources September 28, 2021 By Jan-Henrik Förster and Stephan Kahl Allianz SE is in advanced talks to transfer a block of Swiss life insurance assets to Resolution Life, people with...
UK Accounting Firm Grant Thornton Fined for Audit of Café Chain Patisserie Valerie September 28, 2021 Accountancy firm Grant Thornton has been fined for its audit of Patisserie Valerie, the British cafe chain that collapsed in...
Investors in Insurance-Linked Securities Seek to Avoid Exposure to Secondary Perils September 28, 2021 By Susanne Sclafane Investors in insurance-linked securities are leaning toward structured catastrophe bonds rather than broader ILS instruments to steer away from unexpected...
UN Launches Disaster Insurance Program for Developing Countries September 28, 2021 The United Nations Development Programme has launched an initiative to help governments and the private sector in developing countries provide...
Southern California Utility Settles 2015 Gas Leak Litigation, To Take $1.1B Charge September 27, 2021 By Uday Sampath Gas utility Southern California Gas (SoCalGas), a unit of Sempra Energy, said on Monday it has reached agreements that are...
Generali Board Backs Reappointment of CEO Despite Opposition of 2 Major Shareholders September 27, 2021 By Gianluca Semeraro and Claudia Cristoferi The board of Assicurazioni Generali on Monday threw its weight behind the reappointment of Chief Executive Philippe Donnet, overlooking opposition...
The J. Morey Company Merges with Alliance 360° in California September 27, 2021 The J. Morey Company Inc. Insurance Agents & Brokers has merged with Alliance 360° Insurance Solutions, based in Cypress, Calif....
Biden to Restore Legal Foundation for Limits on Mercury Pollution, Discarded by Trump September 27, 2021 By Jennifer A. Dlouhy President Joe Biden plans in coming days to shore up one of the most consequential environmental regulations in history by...
U.S. Court Upholds Ohio Hospital Employee COVID-19 Vaccine Rule September 27, 2021 By Tom Hals A federal judge on Sept. 24 ruled that a Cincinnati, Ohio-area healthcare provider could require its employees get vaccinated against...
AgCenter: Ida Damage to Louisiana Agriculture at Least $584M September 27, 2021 Hurricane Ida’s winds and floods did at least $584 million in damage to agriculture in Louisiana, experts at the LSU...