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...
People Moves: Insurer Aviva Names Montague, Cummings to Exec Committee; Wood to Launch Captive Operation for Price Forbes Bermuda; Wagstaff Is CEO of LMG September 24, 2021 This edition of International People Moves details appointments at UK insurer Aviva, broker Price Forbes Bermuda and the London Market...
Global Reinsurers Could Be Greatly Underestimating Exposure to Climate Risk: S&P September 24, 2021 Reinsurers’ estimates of their exposure to natural catastrophe risk could be underestimated by 33%-50%, according to a report published by...
Georgia Man Beaten by Police Officers During Traffic Stop Sues for Damages September 24, 2021 A man who was punched and kicked in the head by Georgia police officers during a traffic stop four years...