Philippine and Chinese vessels collided Tuesday near a disputed South China Sea shoal, where Chinese coast guard ships fired water cannons as tensions escalate over the rivals’ long-running maritime dispute. The China Coast Guard accused Manila of illegally intruding into …
China Fires Water Cannons After Collision With Philippine Ship Read More »
How INSURICA has streamlined its operations for growth Compliance officers are often the unsung heroes of the insurance industry, battling it out with spreadsheets to help move insurance agents through the ready-to-sell process, and that was historically true at INSURICA …
How a High-M&A Insurance Agency Reduces Complexity at Scale Read More »
Kering SA, whose luxury brands include Gucci, Saint Laurent and Balenciaga, said Monday it was the victim of a data breach that was discovered in June, the latest in a string of attacks on the consumer goods sector. Hackers accessed …
Gucci Owner Kering Says It Was Hacked, Limited Data Accessed Read More »
Angela Ripley, owner and president of Maryland-based VW Brown Insurance Service, is the new chair of the Independent Insurance Agents & Brokers of America (the Big “I”). Ripley became the second woman to serve as chair at the organization’s Fall …
VW Brown Owner Ripley Takes Over as Chair of Big ‘I’ Read More »
AmTrust Financial Services has a busy day on Sept. 15 as it expanded its excess & surplus division to include new lines, appointed leadership, and announced an agreement with Blackstone Credit & Insurance to spin off certain managing general agencies …
AmTrust Expands E&S Division, Spins Off Some MGAs With Blackstone Read More »
Australia will spend A$9 billion ($6 billion) on climate adaptation through 2030 as it braces for more frequent, severe and overlapping hazards caused by global warming, the government said in two climate-related reports on Monday. The money is earmarked for …
Australia Pledges $6 Billion by 2030 to Tackle Climate Hazards as Disaster Risk Rises Read More »
Pressure may be mounting on Florida’s Citizens Property Insurance Corp. to reduce its use of state-agency arbitration for claims disputes, following new class-action lawsuits, court rulings and national news reports suggesting the alternative dispute resolution avenue is proving to be …
Citizens No Longer Winning Most Arbitration Cases. They’re Settling for Next to Nil Read More »
California lawmakers passed a bill over the weekend that would allow the construction of thousands of new oil wells annually in the Golden State in a bid to make oil supply more affordable for refineries and keep fuel prices in …
California Lawmakers Pass Bill to Boost Oil Production Read More »
A former executive for a subsidiary of candymaker Mars Inc. pleaded guilty last Thursday to fraud and tax charges in connection with his theft of $28 million from the company, federal prosecutors said. Paul Steed, 58, appeared in federal court …
Former Executive of Mars Candy Subsidiary Pleads Guilty to Stealing $28M Read More »
California Insurance Commissioner Ricardo Lara is urging Gov. Gavin Newsom to sign several wildfire and health-related bills that have passed the Legislature and are now awaiting the governor’s approval. “They reflect our collective responsibility to help individuals, communities, and businesses …
California Commissioner Pushes for Wildfire Recovery Bill, Other Legislation Read More »
