Biden Cybersecurity Officials Support Breach Incident Reporting Mandate September 24, 2021 By Rebecca Kern The head of the U.S. cybersecurity enforcement agency “is a huge supporter” of bipartisan legislation to mandate that operators of...
Insured Price Tag for Canada’s Summer Storms and Wildfires Nears C$200M September 24, 2021 Two storms that raged across Alberta and Saskatchewan in Canada in July and August caused C$120 million (US$94.5 million) in...
$480M Gift From Insurance Leader Ryan, Wife Is Northwestern University’s Largest Ever September 24, 2021 Northwestern University has received the largest gift in its history, $480 million, from Patrick G. Ryan, founder and former long-time...
Q&A: New Director Criswell Prepares FEMA for a Hot, Chaotic Future September 24, 2021 By Leslie Kaufman Deanne Criswell, the first woman to lead the Federal Emergency Management Agency, in April took over a 20,000-person operation exhausted...
JPMorgan to Pay $15.7M to Settle Spoofing Class Action September 24, 2021 By Chris Prentice and Jonathan Stempel JPMorgan Chase & Co. agreed to pay $15.7 million in cash to settle a class action lawsuit by investors who...
California Enacts Nation’s First Law Regulating Warehouse Labor Quotas September 24, 2021 By Kanishka Singh and Akriti Sharma California Governor Gavin Newsom on Wednesday signed a bill that limits warehouse employers like Amazon.com Inc. from setting productivity quotas,...
Flood Modeler JBA Collaborates With South African Broker, Reinsurance Solutions September 24, 2021 JBA Risk Management Ltd. announced its collaboration with Reinsurance Solutions Intermediary Services (RSIS), an African-based reinsurance broker that will use...
Evergrande’s Problems Prompt China’s Banks, Insurers to Pull Back on New Credit September 24, 2021 By Engen Tham SHANGHAI/BEIJING – As fears of contagion from any default by China Evergrande Group mounted this month, some Chinese banks, insurers,...
Mediobanca Boosts Stake in Generali as Battle Over Leadership Heats Up September 24, 2021 By Alberto Brambilla and Chiara Remondini Italy’s Mediobanca SpA strengthened its grip over insurer Assicurazioni Generali SpA, boosting its stake to more than 17% just days...
50 Companies Worldwide Are Highly Exposed to Physical Climate Risks, Say Investors September 24, 2021 By Carolyn Cohn and Nina Chestney European energy firms Centrica and Galp, food group Nestle and watchmaker Swatch are among 50 companies worldwide that are highly...