UK Businesses Brace for Great British Resignation in 2022 December 21, 2021 By Emily Ashton UK businesses were hit by rising numbers of staff leaving their jobs voluntarily during 2021, with many employers facing the...
Global M&A Activity Shatters Records, Topping $5 Trillion in 2021 December 21, 2021 By Anirban Sen, Pamela Barbaglia and Kane Wu LONDON/HONG KONG – Global merger and acquisition (M&A) activity shattered all-time records in 2021, comfortably erasing the high-water mark that...
FWD Group Withdraws U.S. IPO Plan, Pivoting Instead to Hong Kong December 21, 2021 By Crystal Tse FWD Group Ltd., the Hong Kong-based insurer backed by billionaire Richard Li, withdrew its U.S. initial public offering as China...
New Kid on Block Will Use Tech, Rapid Repair Networks to Survive Florida Market December 21, 2021 By William Rabb When the Florida insurance world heard that a newly formed homeowners’ insurance carrier was stepping into the troubled Florida waters,...
Insurer Can Keep Using its Own Repair Contractor, Florida Appeals Court Finds December 21, 2021 By William Rabb For the fourth time this year, a Florida appeals court has decided in favor of People’s Trust Insurance Co., requiring...
Medical Boards Under Pressure to Discipline Doctors Pushing False Covid-19 Claims December 21, 2021 By Heather Hollingsworth They have decried COVID-19 as a hoax, promoted unproven treatments and pushed bogus claims about the vaccine, including that the...
Ransomware Attacks Not High-Profile or Front Page News But Still Happening Frequently December 21, 2021 By Eric Tucker and Alan Suderman In the months since President Joe Biden warned Russia’s Vladimir Putin that he needed to crack down on ransomware gangs...
Regulators Warn of Climate Change, Stablecoins as Systemic Financial Risks December 21, 2021 By Pete Schroeder Climate change, the rapid growth of “stablecoins” and financial innovations that led to frenzied trading of GameStop Corp shares early...
AM Best Revised Outlooks to Positive for Aspire General in California December 20, 2021 AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and...
California DOI: Insurers Non-Renewed Fewer Homeowners in 2020, FAIR Plan Policies Increased December 20, 2021 The number of California homeowners non-renewed by insurers fell by 10%statewide in 2020 compared with the previous year, as mandatory...