The total cost faced by the global insurance industry to implement IFRS 17 is estimated to be in the range of US$15 billion-$20 billion, according to a new global survey by Willis Towers Watson. While the estimated costs will vary …
Texas businesses that require customers to be vaccinated against COVID-19 will be denied state contracts and could lose their licenses or operating permits under legislation Gov. Greg Abbott has signed into law. “Texas is open 100%, and we want to …
Ascot Appoints Lillegard as Group Chief Actuary Ascot has appointed Matthew Lillegard as group chief actuary. He will be responsible for leading the overall Ascot Group actuarial functions and will work in close collaboration with colleagues across Ascot’s underwriting, risk, …
An average “dead zone” is likely in the Gulf of Mexico, where a large area of water holding too little oxygen to keep marine animals alive forms every summer, the National Oceanic and Atmospheric Administration said. A hurricane or tropical …
Wholesale insurance broker and managing general agent, Scottish American, has acquired Fastcomp of Boston Heights, Ohio. Terms of the transaction were not disclosed. Fastcomp was created in 1998 by an experienced team of insurance underwriting professionals to provide independent agents …
A company based in the Cincinnati, Ohio-area will pay $22,500 to settle a federal sexual harassment and retaliation suit. The U.S. Equal Employment Opportunity Commission (EEOC) had charged in its lawsuit Total Maintenance Solutions Inc., a cleaning company, had fired …
Computer scientist Lynne Parker made breakthroughs in getting robots to work together so they could perform difficult missions, like cleaning up after a nuclear disaster, waxing floors or pulling barnacles off a ship. Her job now is getting the U.S. …
A Wisconsin grain facility faces 14 workplace safety violation citations and more than $676,000 in penalties following the death of a following the engulfment death of a worker in a corn silo. The Occupational Safety and Health Administration (OSHA) said …
Two Arkansas physicians were sentenced in late May to a combined 150 months in federal prison for distributing pain medicines without a prescription. Cecil. W. Gaby, 71, of Fort Smith, and Robin Ann Cox, 64, of Rogers, were sentenced in …
Washington Insurance Commissioner Mike Kreidler and California Insurance Commissioner Ricardo Lara are askikng all insurers that are currently required to report to them annually on climate change to start reporting their climate risks in alignment with the Task Force on …