Premiums paid to the Florida Hurricane Catastrophe Fund are expected to increase by more than 12% later this year, giving new urgency to calls to cut the fund’s retention level in half, a move that some estimates show could save …
Owens Promotes Johnson Owens Insurance Agency, based in Greer, South Carolina, has promoted Sandra Johnson to be director of operations. Johnson, who joined the agency a decade ago, has served as the agency’s point of contact for carriers. She will …
An investor-led push for major oil companies to set climate goals in line with the Paris agreement won support from a key proxy advisory firm for the first time, setting up a showdown at upcoming shareholder meetings. Institutional Shareholder Services …
A group of Credit Suisse investors pushing for faster climate action at the Swiss bank has more than doubled in size, raising pressure on its board ahead of its annual shareholder meeting on Friday. Credit Suisse, along with other major …
Generali investor Deka Investment will vote in favor of current management led by chief executive Philippe Donnet, the asset manager’s head of corporate governance said on Monday. Shareholders in Italy’s biggest insurer vote on Friday to name a new board …
Luxury sports car maker Ferrari will recall 2,222 cars in China due to a potential fault in its braking systems, China’s market regulator said in a statement on Friday [March 22]. The recall covers the 458 Italia, 458 Speciale, 458 …
Worker demands for more flexibility and security, bolstered by the pandemic and a tight labor market, are only growing more intense as the world economy reopens and some firms begin trying to pull employees back to offices, payroll provider ADP …
Florida utilities would gradually increase their electricity to 100% renewable by 2050 under a proposed rule unveiled Thursday by the state’s agriculture commissioner. The proposed rule is an outgrowth of a lengthy court battle involving dozens of young people who …
Upward premium rate momentum is expected to continue support underlying performance for the London market, despite mounting challenges connected to climate modeling, claims inflation and the war in Ukraine, according to AM Best. “London market re/insurers have enjoyed several consecutive …
McDonald’s Corp. on Friday defeated a union-backed organizing group’s challenge to a settlement with a U.S. labor agency over claims that the company helped franchisees across the country suppress workers’ demonstrations calling for higher wages. The U.S. Court of Appeals …