News Center
News – Insurance Journal
Flood Modeler JBA Collaborates With South African Broker, Reinsurance Solutions
JBA Risk Management Ltd. announced its collaboration with Reinsurance Solutions Intermediary Services (RSIS), an African-based reinsurance broker that will use the JBA global flood modeling capability to provide flood risk analytics and catastrophe modeling services for its insurance clients across …
POSTED SEPTEMBER 24, 2021 11:14 AM |
Evergrande’s Problems Prompt China’s Banks, Insurers to Pull Back on New Credit for Property Developers
SHANGHAI/BEIJING – As fears of contagion from any default by China Evergrande Group mounted this month, some Chinese banks, insurers, and shadow banks stopped offering new credit to property developers, and ran urgent checks on their exposure to the troubled …
POSTED SEPTEMBER 24, 2021 10:40 AM |
Mediobanca Boosts Stake in Generali as Battle Over Leadership Heats Up
Italy’s Mediobanca SpA strengthened its grip over insurer Assicurazioni Generali SpA, boosting its stake to more than 17% just days before a board meeting that could decide the future of embattled Chief Executive Officer Philippe Donnet. The investment bank, already …
POSTED SEPTEMBER 24, 2021 9:49 AM |
50 Companies Worldwide Are Highly Exposed to Physical Climate Risks, Say Investors
European energy firms Centrica and Galp, food group Nestle and watchmaker Swatch are among 50 companies worldwide that are highly exposed to physical climate risks, investors with $10 trillion in assets said on Thursday. The companies, which are involved in …
POSTED SEPTEMBER 24, 2021 9:29 AM |
People Moves: Insurer Aviva Names Montague, Cummings to Exec Committee; Wood to Launch Captive Operation for Price Forbes Bermuda; Wagstaff Is CEO of LMG
This edition of International People Moves details appointments at UK insurer Aviva, broker Price Forbes Bermuda and the London Market Group. A summary of these new hires follows. Aviva Strengthens Exec Committee with Chief Risk Officer Montague and CIO Cummings …
POSTED SEPTEMBER 24, 2021 8:50 AM |
Global Reinsurers Could Be Greatly Underestimating Exposure to Climate Risk: S&P
Reinsurers’ estimates of their exposure to natural catastrophe risk could be underestimated by 33%-50%, according to a report published by S&P Global Ratings. “Unmodeled risks and the inherent difficulties in attributing extreme events to climate change create the risk that …
POSTED SEPTEMBER 24, 2021 7:55 AM |
Georgia Man Beaten by Police Officers During Traffic Stop Sues for Damages
A man who was punched and kicked in the head by Georgia police officers during a traffic stop four years ago has filed a lawsuit alleging the stop was unjustified and the officers used excessive force against him. Gwinnett County …
POSTED SEPTEMBER 24, 2021 6:30 AM |
Southern Baptist Agrees to Fund Third-Party Investigation into Handling of Sexual Abuse Allegations
A top Southern Baptist Convention committee agreed to fund a third-party investigation into its handling of sexual abuse allegations but held off on waiving its attorney-client privilege for the probe, delaying for the future a decision seen as a key …
POSTED SEPTEMBER 24, 2021 6:00 AM |
Biden Multi-Agency Plan Seeks to Address Extreme Heat Stress
WASHINGTON (AP) — The Biden administration is moving to protect workers and communities from extreme heat after a dangerously hot summer that spurred an onslaught of drought-worsened wildfires and caused hundreds of deaths from the Pacific Northwest to hurricane-ravaged Louisiana. …
POSTED SEPTEMBER 24, 2021 5:00 AM |
U.S. Road Travel Up 11.5% in July
U.S. motorists drove 11.5% more miles in July as driving nearly matched pre-COVID levels and more Americans returned to offices and took leisure trips. The Federal Highway Administration said Thursday motorists drove 290.1 billion miles in July, up 30 billion …
POSTED SEPTEMBER 24, 2021 5:00 AM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Insurance Zone confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|