The European Union’s capital rules for insurers need changing to reflect low interest rates and the need stronger supervisory powers to tackle risks, the bloc’s insurance watchdog said on Thursday. The EU is reviewing its Solvency II capital requirements for …
The Equal Employment Opportunity Commission (EEOC) has released updated guidance on the responsibilities and rights of employers and employees related to the COVID-19 vaccine, including in cases where employers require employees to be vaccinated. The publication, “What You Should Know …
Insurance industry losses from natural catastrophes and man-made disasters across the globe amounted to US$83 billion in 2020, making it the fifth-costliest year for the industry since 1970, according to the Swiss Re Institute in its preliminary sigma estimates. Natural …
MILAN — Italy’s Banco BPM said it would end an insurance partnership with Cattolica by acquiring full control of their joint-ventures, in a move that may ease a mooted tie-up with BPER Banca. Banco BPM said late on Tuesday it …
Freeman Mathis & Gary LLP (FMG), a nationwide litigation law firm with 200 attorneys and 19 offices in 10 states, has hired Alicia Santocki as a partner in the New York City office. Santocki also will practice in firm’s offices …
Zego, the London-based fleet and mobility insurance provider, has received a broking license from the Dutch regulator AFM. The license provides a foundation for the company’s continued expansion across Europe, enabling it to work with EU-based insurance partners and customers, …
Insurance broker Marsh announced the appointment of Phil Hobson as affinity leader, International Division. Effective Jan. 1, 2021, Hobson will join the International Executive Committee and report to Flavio Piccolomini, president of Marsh’s International Division. He will relocate from Hong …
The U.S. Geological Survey confirmed an earthquake struck Hawaii’s Big Island on Monday. The magnitude 4.4 quake was centered about 12 miles southeast of Waimea, Hawaii, at a depth of about 16 miles. The earthquake was located on the flank …
Colorado dispensaries have sold more marijuana in the first 10 months this year compared to a record-setting sales year in 2019, officials said. The Department of Revenue said dispensaries made about $200 million in October, pushing the state’s annual revenue …
The SCOR board of directors has unanimously chosen Benoît Ribadeau-Dumas as the next chief executive officer of SCOR, succeeding Denis Kessler, SCOR’s current chairman and CEO. With effect from Jan. 1, 2021, Ribadeau-Dumas will become deputy chief executive officer of …