White Mountains said it has completed the sale of a controlling interest in insurance distribution platform Bamboo to funds advised by CVC Capital Partners. In October, White Mountains announced the deal to CVC, valuing managing general agent Bamboo at $1.75 …
Business Moves: White Mountains Completes Sale of Bamboo Read More »
Berkshire Hathaway Inc. today announced Nancy L. Pierce will be GEICO’s new chief executive officer. Pierce was most recently chief operating officer at the major U.S. auto insurer. “Nancy knows the business inside and out. She’s practical, decisive and focused …
Pierce Named CEO of GEICO as Combs Resigns Read More »
Florida’s Republican-dominated congressional delegation is urging the Trump administration to drop a plan that would allow new oil drilling for the first time in decades off the state’s coast. A letter signed by Republican Sens. Rick Scott and Ashley Moody …
Florida Republicans Urge Trump to Back Off Offshore Drilling Read More »
The U.S. Department of Health and Human Services on Thursday outlined a strategy to expand its use of artificial intelligence, building on the Trump administration’s enthusiastic embrace of the rapidly advancing technology while raising questions about how health information would …
Health Department Unveils Strategy to Expand its Adoption of AI Tech Read More »
Rebuilding McKinsey & Co.’s reputation in South Africa after it was implicated in state corruption scandals will be a long process, its top executives in Africa said, adding that the consulting firm is biding its time on resuming bidding for …
McKinsey Says Recovery From South Africa Scandals to Take Years Read More »
Donegal Insurance Group, headquartered in Marietta, Pennsylvania, promoted Josh Mussmon to vice president of marketing operations. Mussmon succeeds Bill Anderson, who will retire from Donegal in January as senior vice president of marketing operations. Mussmon joined the Donegal team as …
People Moves: Donegal Announces Key Marketing Promotion, Retirement Read More »
New Jersey is joining a number of other states in launching a volunteer cybersecurity force to support government entities, infrastructure providers, and community organizations across the state prevent and recover from cyber attacks. The New Jersey Civilian Cyber Resilience Corps …
New Jersey Joins States Creating Volunteer Cybersecurity Corps Read More »
The Group of Seven countries and the European Union are in talks to replace a price cap on Russian oil exports with a full maritime services ban in a bid to reduce the oil revenue that helps finance Russia’s war …
EU, G7 Weigh Ban on Maritime Services for Russian Oil Exports, End to Price Cap Read More »
The race to apply artificial intelligence in property/casualty insurance often hits a wall, not because of algorithms but because of confusion over data foundations. “Data Lake,” “Data Warehouse” and “Data Lakehouse” may sound interchangeable, but each plays a very different …
Demystifying the Data Landscape: Lake, Warehouse and Lakehouse Explained Read More »
The UK should get bolder with overhauling rules to encourage more risk-taking in the financial services sector, according to the City of London’s new Lady Mayor. “The trouble with incremental change, especially in a fast-paced world, is that it’s not …
UK Should Go for Bolder Revamp of Rules in Financial Services Sector, Lady Mayor Says Read More »
