News Archives - Insurance Journal

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6 03, 2025

Tokio Marine HCC President Schell to Retire After 50 Years in Insurance

By | March 6th, 2025|Uncategorized|Comments Off on Tokio Marine HCC President Schell to Retire After 50 Years in Insurance

Tokio Marine HCC announced a leadership change with the retirement of Mike Schell, president, at the end of this month. Barry Cook, CEO of Tokio Marine HCC International, will additionally assume a newly created position of deputy CEO, effective April …

6 03, 2025

Australia’s Prudential Watchdog Targets Longest-Serving Board Directors

By | March 6th, 2025|Uncategorized|Comments Off on Australia’s Prudential Watchdog Targets Longest-Serving Board Directors

Australia’s prudential regulator has long-serving board directors in its sights with a proposal to limit their terms to 10 years. The Australian Prudential Regulation Authority’s suggestion was one of several in a discussion paper released Thursday aimed at bolstering governance …

6 03, 2025

EU Court Fines Five Countries for Lacking Whistleblower Protection

By | March 6th, 2025|Uncategorized|Comments Off on EU Court Fines Five Countries for Lacking Whistleblower Protection

The EU Court of Justice on Thursday fined five countries for failing to adopt rules to boost protection for whistleblowers who expose fraud, tax evasion, data breaches and other misdeeds. The court handed a fine of 34 million euros ($36.7 …

6 03, 2025

Aon’s NFP Acquires UK-Based Business Management Consultancy, Clay GBP Ltd.

By | March 6th, 2025|Uncategorized|Comments Off on Aon’s NFP Acquires UK-Based Business Management Consultancy, Clay GBP Ltd.

NFP, the Aon company and insurance brokerage and consulting firm, has acquired Clay GBP Ltd., a London-based business management firm. Financial details of the transaction were not disclosed. NFP plans to integrate Clay GBP into its subsidiary Ground Control Business …

21 01, 2025

Extreme Cold and Record Snowfall to Test Texas Power Grid

By | January 21st, 2025|Uncategorized|Comments Off on Extreme Cold and Record Snowfall to Test Texas Power Grid

A cold blast gripping the US South threatens to bring record-breaking snowfall to New Orleans and Houston and a deep freeze that endangers oil and natural gas output and electrical grids. Snow and sleet began dropping Monday night in Houston, …

21 01, 2025

Michigan Adult Care Company to Pay $170K in EEOC Lawsuit

By | January 21st, 2025|Uncategorized|Comments Off on Michigan Adult Care Company to Pay $170K in EEOC Lawsuit

PACE Southeast Michigan, a company providing all-inclusive care for the elderly, will pay $170,000 and furnish other relief to resolve a disability discrimination lawsuit filed by the U.S. Equal Opportunity Commission (EEOC), the federal agency announced. According to the EEOC’s …

21 01, 2025

Walgreens Ignored Red Flags in Dispensing Opioids, US Says

By | January 21st, 2025|Uncategorized|Comments Off on Walgreens Ignored Red Flags in Dispensing Opioids, US Says

The Department of Justice sued Walgreens Boots Alliance Inc. for allegedly dispensing opioids and other controlled substances at pharmacies across the US while ignoring red flags that the prescriptions were likely illegal. The lawsuit claims Walgreens pharmacists filled millions of …

21 01, 2025

EEOC Sues Two Automakers, Alleging Discrimination and Harassment

By | January 21st, 2025|Uncategorized|Comments Off on EEOC Sues Two Automakers, Alleging Discrimination and Harassment

The U.S. Equal Employment Opportunity Commission on Jan. 17 sued two large automakers, accusing General Motors and the United Auto Workers of age discrimination and the Stellantis unit that includes Chrysler of subjecting female employees to sexual harassment. GM and …

21 01, 2025

UK’s Reeves to Meet Key Financial Services Sectors

By | January 21st, 2025|Uncategorized|Comments Off on UK’s Reeves to Meet Key Financial Services Sectors

British finance minister Rachel Reeves said on Monday she would meet representatives from key financial services sectors, such as banking and insurance, over the coming months to formulate a new growth and competitiveness strategy. “I am committed to working hand-in-hand …

21 01, 2025

Southern Taiwan Hit by 6.4 Magnitude Quake, TSMC Evacuates Some Factories

By | January 21st, 2025|Uncategorized|Comments Off on Southern Taiwan Hit by 6.4 Magnitude Quake, TSMC Evacuates Some Factories

A 6.4 magnitude earthquake struck a mountainous, rural area of Taiwan’s south on Tuesday near the city of Chiayi, the island’s weather administration said, with reports of minor damage. Chipmaker TSMC said it had evacuated staff at its factories in …