An $8 billion class action investors’ lawsuit against Meta CEO Mark Zuckerberg and company leaders — current and former — begins Wednesday, with claims stemming from the 2018 privacy scandal involving the Cambridge Analytica political consulting firm. Investors allege in …
The Liberty Company Insurance Brokers launched a new Northern California, San Francisco Bay Area office, Liberty Naranjo, led by managing partners and brothers, Jonathan and Michael Naranjo. Liberty Naranjo will serve as an employee benefits and property/casualty insurance advisory firm. …
Trucordia has acquired the business of Vegas Valley Benefit Plans. Vegas Valley Benefit Plans is a provider of employee benefits and insurance services based in Las Vegas, Nevada. Trucordia is the group name for an insurance brokerage headquartered in Lindon, …
Afore Insurance Services, an Atlanta-area-based insurance brokerage, has acquired TailoredRisk Insurance Advisors of Naples, Florida. TailoredRisk founding principal John Paolini was named executive vice president for the national personal lines division at Afore, the company announced in a news release. …
A group of 20 mostly Democrat-led U.S. states filed a lawsuit on Wednesday seeking to block the Trump administration from terminating a multibillion-dollar grant program that funds infrastructure upgrades to protect against natural disasters. The lawsuit filed in Boston federal …
Coface, the Paris-based trade credit risk management specialist, announced it has received an “in principle approval” from Lloyd’s to launch a short-term trade credit syndicate. The syndicate – Coface Lloyd’s Syndicate 2546 – is expected to commence underwriting in 2025 …
Collaboration between the public and private sectors, beyond just insurance, is essential to narrowing the so-called protection gap, as losses from natural disasters increase, said the head of a global insurance supervisors’ organization. The protection gap refers to the difference …
This edition of International People Moves details appointments at Guy Carpenter and Moody’s Ratings. A summary of these new hires follows here. Guy Carpenter Promotes Hakes as Global Head of Marine, Energy, and Technical Lines Guy Carpenter, the reinsurance brokerage …
How hot can a heat wave really get? Before June 2021, scientists thought they knew. That’s when one of the most extreme heat spikes ever observed hit western North America, leaving at least 1,400 people dead. Lytton, British Columbia, smashed …
The team of hurricane researchers at Colorado State University shaved off a storm from its original Atlantic hurricane season forecast, and now sees a “slightly” above normal season. High levels of observed Caribbean wind shear, which break up storms, is …