European lawmakers have agreed to force roughly 28,000 foreign subsidiaries to comply with the bloc’s ESG rules, marking a blow to representatives for U.S. corporations who had lobbied for the opposite outcome. In a wide-reaching revamp of the EU’s reporting …
One of the two flight recorders from the China Eastern Airlines Corp. aircraft that crashed Monday afternoon has been found and officials released details about the pilots flying the plane, saying all three had current licenses, valid health certificates and …
Acrisure, the Grand Rapids, Mich.-based financial services and insurance brokerage firm, announced it is acquiring Volante Global, a multi-class, multi-territory international managing general agent (MGA). Headquartered in London with a presence in seven countries, Volante provides niche, specialist re/insurance products …
Two construction workers in Boynton Beach were killed Tuesday when a concrete wall they were installing fell and crushed them. One local TV news station said the fatalities happened when a construction crane collapsed at the Riverwalk Plaza, but other …
GameStop Corp.’s stockholders may be enjoying the biggest rally of the year, but not everyone is happy. Boston Consulting Group claims it hasn’t been paid about $30 million in fees for its work “setting the company on a more sustainable …
Last week, information services firm Verisk said it had taken steps that align with one investor’s call for the firm to commit to being a standalone insurance-focused business. Yesterday, Verisk promised several additional changes and publicly committed to a “pure-play” …
Shares in Okta Inc fell 9% on Wednesday after the U.S. digital authentication firm said hundreds of its customers may have been affected by a security breach involving hacking group Lapsus$. The breach sparked concern as the cyber extortion gang …
Firefighting crews were making progress containing a massive Texas wildfire that was blamed for last week’s death of a deputy, officials said. The Eastland Complex has burned about 85 square miles (220 square kilometers) since a series of fires broke …
Arthur J. Gallagher & Co. announced the acquisition of Springfield, Missouri-based Commercial Insurance Underwriters, Inc. (CIU). Terms of the transaction were not disclosed. Founded in 1984, CIU is a surplus lines agency offering commercial, personal and professional lines coverages for …
Root, Inc. has Rob Bateman as its new chief financial officer, effective April 11. Bateman joins Columbus, Ohio-based Root as CFO with over two decades of broad strategic, financial and operational experience across the insurance industry, most recently as president …