Fairfield CT, January 03, 2025 — Globex International Group, with US offices in New Jersey and Connecticut, is pleased to announce the following Globex Underwriting Services (GUS) staff promotions and new additions to its global staff. Effective May 2024, the …
Globex International Group Announces Staff Promotion and New Additions to Global Staff Read More »
A Pennsylvania battery firm has been found responsible for paying $22.25 million in backpay to workers to cover the actual time they spent changing and showering for their jobs working with hazardous materials. Their employer, East Penn Manufacturing, had argued …
Employer Owes Pay for Actual Time Changing, Showering— Not Its ‘Reasonable’ Estimate Read More »
Verisk said on Thursday it will be the first modeler to request a review of its wildfire catastrophe model under a reform pushed by California Insurance Commissioner Ricardo Lara. The reform allows catastrophe models to be used by insurance carriers …
Verisk to Get First Cat Model Under Review for Insurance Ratemaking in California Read More »
The U.S. Senate Committee on the Budget is a peculiar entity. The committee was established in 1974 in response to President Richard Nixon “impounding” money allocated by Congress to prevent spending on programs he did not favor. This led to …
New Direction for U.S. Senate Budget Committee Read More »
Waves of intense cold will send temperatures plunging as much as 20F (11C) below normal across the central and eastern U.S. this month, triggering ice storms that could down power lines and snarl travel from the Midwest to the Mid-Atlantic. …
Deep Freeze Will Send Some US Temperatures Plunging Read More »
A U.S. government fund to compensate people swindled by Bernard Madoff announced its tenth and final distribution on Monday, saying it will have paid out $4.3 billion to 40,930 of the late Ponzi schemer’s victims. Richard Breeden, the former U.S. …
Bernard Madoff’s Victims Collect $4.3B as US Government Fund Completes Payouts Read More »
A gruesome attack on revelers celebrating New Year’s in New Orleans thrust US domestic security back into the spotlight just weeks before Donald Trump is sworn in as president. The tragedy, which killed at least 15 people and injured dozens …
New Orleans Attack, Cybertruck Blast Raise US Security Fears Read More »
The world’s biggest climate coalition for financial firms is making adjustments after several high-profile banks, insurers and asset managers opted out. The Glasgow Financial Alliance for Net Zero, which was established in 2021 and operates as an umbrella group for …
Top Climate Group for Banks, Insurers, and Asset Managers Is Making Changes Read More »
Marsh McLennan Agency (MMA) announced the acquisition of Acumen Solutions Group LLC, a Melville, New York-based insurance agency. Founded in 2012, Acumen provides personal insurance and customized commercial insurance programs, with specialties in the construction, real estate, and aviation industries. …
Marsh McLennan Agency Acquires New York’s Acumen Solutions Read More »
The Risk & Insurance Management Society today announced that effective Jan. 1 Kristen Peed will serve as president for 2025 — the organization’s 75th anniversary year. Peed is head of corporate risk at Sequoia, a leading human resources technology platform …
Peed Named RIMS President for 2025 Read More »
