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Colombia, Peru Eye World Bank Catastrophe Bonds on Renewed Investor Interest
Colombia and Peru are considering returning to a World Bank program that issues bonds to cover claims on natural disasters after the plan faced a nearly two-year lull. The countries are among those looking to take advantage of renewed investor …
POSTED MARCH 29, 2023 12:27 PM |
Insurance That’s Out of This World, Literally
Battleface CEO Sasha Gainullin feels confident that as space tourism evolves, more data will exist to make insurers more comfortable entering this emerging market. In fact, his company already has a headstart. Battleface is a company launched in January of …
POSTED MARCH 29, 2023 12:00 PM |
Ermotti to Step Down as Swiss Re Chair to Take UBS Role; Interim Chair Named
Sergio P. Ermotti is stepping down as the chairman of Swiss Re, following his appointment as the new CEO of UBS. Swiss Re’s Board of Directors will immediately start the search to find a successor. In the interim, board member …
POSTED MARCH 29, 2023 11:53 AM |
People Moves: INSUREtrust Names Levy EVP; W. R. Berkley Hires President of Berkley Luxury Group
Levy Joins INSUREtrust as Executive Vice President INSUREtrust, a cyber insurance and risk management specialty broker within Starwind Specialty, has added Florence Levy as executive vice president. She will work out of Denver, Colorado. Before joining Norcross, Georgia-based INSUREtrust, Levy …
POSTED MARCH 29, 2023 7:58 AM |
APCIA Says Property Insurance Market ‘Hardest in a Generation’
A combination of historic high inflation and a growing frequency of natural catastrophes is creating the hardest market in a generation for property insurance, the American Property and Casualty Insurance Association says in a new white paper. “The growth of …
POSTED MARCH 29, 2023 5:43 AM |
Brazil Miner Vale to Pay $56M to Settle SEC Charges Related to Dam Safety Disclosures
Brazilian mining firm Vale SA agreed to pay $55.9 million to settle charges related to allegedly false and misleading disclosures about the safety of its dams prior to a 2019 dam collapse in Brazil that killed 270 people, the U.S. …
POSTED MARCH 29, 2023 5:35 AM |
At Least 50 U.S. Government Employees Hit With Spyware, Prompting New Rules
At least 50 U.S. government staffers stationed in 10 countries were targeted with commercial hacking tools, commonly known as spyware, according to a senior administration official, highlighting the growing threat caused by offensive cyber vendors and prompting the White House …
POSTED MARCH 29, 2023 5:26 AM |
UK’s Poor Climate Planning Risks ‘Cascading Failures’: Report
Britain is “strikingly unprepared” for a changing climate and could face disruptions to energy, food supply, transport and communications infrastructure if it fails to adapt fast, the government’s independent adviser on climate policy has warned. The UK is already experiencing …
POSTED MARCH 29, 2023 5:20 AM |
Mississippi Insurance Agency, Like Others Hit by Storms, Vows to Rebuild After Devastating Tornado
For the third time in the last 18 months, tornadoes or a hurricane have wiped out or have heavily damaged well-established insurance agencies in the Southeast. And all three of those agencies have rebuilt their businesses or have vowed to …
POSTED MARCH 29, 2023 5:01 AM |
Washington Moves to End Child Sex Abuse Lawsuit Time Limits
People who were sexually abused as children in Washington state may soon be able to bring lawsuits against the state, schools or other institutions for failing to stop the abuse, no matter when it happened. House Bill 1618 would remove …
POSTED MARCH 29, 2023 5:00 AM |
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