There’s been a lot of ringing in on newly proposed rules from the Securities and Exchange Commission mandating that all publicly traded U.S. companies disclose their annual greenhouse-gas emissions and the climate risks their businesses face. SEC Chair Gary Gensler …
Four months after its largest subsidiary stopped writing new homeowner business in Florida, United Insurance Holdings Corp. announced it would consolidate four of its companies into three. Publicly traded United, also known as UPC Insurance, owns Journey Insurance Co., American …
An amendment to European Union sanctions last week created a potential path for some aircraft financiers to sell jets held in Russia to the airlines now operating them without permission. The measure, published April 8, will allow EU governments to …
Lore Takes Helm at IAIABC The International Association of Industrial Accident Boards and Commissions, a guiding force for workers’ compensation regulators and the industry, has named Heather Lore executive director. Lore, based in Knoxville, Tennessee, has been with IAIABC since …
Relation Insurance Services has continued its rapid expansion plan with the acquisition of South Carolina-based Ernie Yarborough Insurance Agency. Yarborough, headquartered in Columbia, South Carolina, was previously part of Nationwide Mutual Insurance’s exclusive distribution model, Relation said in a news …
A Georgia insurance company owner has been sentenced to eight months in prison after prosecutors said he lied in bankruptcy court and on his federal tax returns. Jacques Andres Frym, 53, who owned businesses in the Savannah area, pleaded guilty …
Major global trading houses are planning to reduce crude and fuel purchases from Russia’s state-controlled oil companies as early as May 15, sources said, to avoid falling foul of European Union sanctions on Russia. The EU has not imposed a …
At least one shareholder of Alleghany Corp. is unhappy with the insurer’s agreement to be bought by Warren Buffet’s Berkshire Hathaway. According to a lawsuit filed April 13 in U.S. District Court for the Southern District of New York, shareholder …
This edition of International People Moves details appointments at QBE Re in the U.S., specialist broker MNK Re Group and MGA CFC Underwriting. A summary of these new hires follows here. QBE Re Names Barber Head of U.S. Treaty, Succeeding …
The carriers that insured a Charleston fertilizer plant more than 30 years ago are liable for contamination at the site even though the former property owner who bought the policies did not ask their permission to transfer its right to …