Uncategorized

/Uncategorized
29 07, 2022

People Moves: Hilb Namef CEO at Choice Financial; Crum & Forster Appoints Kovalsky to Credit Team; Cross Insurance Welcomes Randlett as Counsel

By | July 29th, 2022|Uncategorized|Comments Off on People Moves: Hilb Namef CEO at Choice Financial; Crum & Forster Appoints Kovalsky to Credit Team; Cross Insurance Welcomes Randlett as Counsel

Hilb Group Founder Takes Helm at Choice Financial Virginia insurance agency Choice Financial Group has appointed insurance veteran Robert J. Hilb as chief executive officer following the retirement of J. Richard Braun, founder and president of Choice. Prior to his …

25 07, 2022

Ukraine Works to Resume Grain Exports as Russia Confirms Missile Strike on Odesa

By | July 25th, 2022|Uncategorized|Comments Off on Ukraine Works to Resume Grain Exports as Russia Confirms Missile Strike on Odesa

Ukraine forged ahead on Monday with efforts to restart grain exports from its Black Sea ports under a deal aimed at easing global food shortages but said a weekend missile strike by Russian forces on Odesa underlined the risks to …

29 07, 2022

Texas Claims Adjuster Ordered to Cease Business in Louisiana for Allegedly Withholding Payments

By | July 29th, 2022|Uncategorized|Comments Off on Texas Claims Adjuster Ordered to Cease Business in Louisiana for Allegedly Withholding Payments

Investigators from the Office of Insurance Fraud and Enforcement at the Louisiana Department of Insurance on July 22 issued non-resident public adjuster Kade Austen Mitchell and his agency a cease-and-desist order and notice of suspension for improperly withholding, misappropriating, or …

28 07, 2022

EU Mulls New Unit With Antitrust Veterans to Enforce Tech Rules

By | July 28th, 2022|Uncategorized|Comments Off on EU Mulls New Unit With Antitrust Veterans to Enforce Tech Rules

The European Commission is considering creating a new directorate that may be headed by two top antitrust officials to enforce tough new rules aimed at reining in the powers of Big Tech, two people familiar with the matter said. Such …

29 07, 2022

Twitter’s Battle With Elon Musk Over $44 Billion Deal Heads to Oct. 17 Trial

By | July 29th, 2022|Uncategorized|Comments Off on Twitter’s Battle With Elon Musk Over $44 Billion Deal Heads to Oct. 17 Trial

Twitter’s bid to hold Elon Musk to his $44 billion deal for the social media platform will head to a five-day trial beginning Oct. 17, and Musk must reveal by the end of Friday any legal claims he has against …

25 07, 2022

Fidelis to Launch New Managing General Underwriter by Separating Its Business

By | July 25th, 2022|Uncategorized|Comments Off on Fidelis to Launch New Managing General Underwriter by Separating Its Business

Fidelis Insurance Holdings Ltd. announced its intention to create a new managing general underwriter, which, subject to regulatory approval, will be separated from the existing balance sheet insurance companies, called Fidelis Balance Sheet Companies. This new structure will allow each …

29 07, 2022

New Sustainability Rules Attacked for Protecting Profits Over Planet

By | July 29th, 2022|Uncategorized|Comments Off on New Sustainability Rules Attacked for Protecting Profits Over Planet

The organization aiming to set worldwide climate reporting requirements for decades to come is under fire for putting corporate interests ahead of the planet’s. In coming months, the International Sustainability Standards Board will publish rules for companies to disclose the …

26 07, 2022

Uber Admits Covering Up 2016 Hacking, Avoids Prosecution in U.S. Settlement

By | July 26th, 2022|Uncategorized|Comments Off on Uber Admits Covering Up 2016 Hacking, Avoids Prosecution in U.S. Settlement

Uber Technologies Inc. on Friday accepted responsibility for covering up a 2016 data breach that affected 57 million passengers and drivers, as part of a settlement with U.S. prosecutors to avoid criminal charges. In entering a non-prosecution agreement, Uber admitted …

29 07, 2022

Judge Finds Washington Commissioner Exceeded Authority on Credit Score Ban

By | July 29th, 2022|Uncategorized|Comments Off on Judge Finds Washington Commissioner Exceeded Authority on Credit Score Ban

Thurston County Superior Court Judge Indu Thomas found that while Washington Insurance Commissioner Mike Kreidler’s rule temporarily banning credit scoring followed the Administrative Procedures Act, but he exceeded his statutory authority. In her ruling, Thomas said the record supplied by …

25 07, 2022

BMS Re Acquires Mexican Surety Reinsurance Broker Calomex

By | July 25th, 2022|Uncategorized|Comments Off on BMS Re Acquires Mexican Surety Reinsurance Broker Calomex

BMS Group, the independent specialist re/insurance broker, announce the acquisition of Calomex, the Mexico City-based specialist reinsurance broker, by BMS Re. The terms of the transaction were not disclosed. Established in 1996, Calomex delivers reinsurance solutions to Mexican surety providers, …