13 09, 2022

Wholesale Growth Is Cycle-Proof; Dual Distribution Has Failed: AIG’s Zaffino

By | September 13th, 2022|Uncategorized|Comments Off on Wholesale Growth Is Cycle-Proof; Dual Distribution Has Failed: AIG’s Zaffino

Just a few days before the official start of the Wholesale & Specialty Insurance Association annual meeting, AIG’s chief executive officer gave his take on the dominance of wholesalers in the specialty insurance market. Peter Zaffino, president and CEO of …

16 09, 2022

Still Negative: S&P Isn’t Budging on Reinsurance Outlook

By | September 16th, 2022|Uncategorized|Comments Off on Still Negative: S&P Isn’t Budging on Reinsurance Outlook

Since May 2020, S&P Global Ratings has had a negative credit outlook on the global reinsurance sector—and analysts said it isn’t time to change that view during a webinar last week. Taoufik Gharib, senior director and lead analyst, S&P Global …

16 09, 2022

Automated Rate Filings Put Root Ahead of Auto Insurance Competitors: CEO

By | September 16th, 2022|Uncategorized|Comments Off on Automated Rate Filings Put Root Ahead of Auto Insurance Competitors: CEO

At a time when auto insurers react to inflation shocks by filing rate increases at a frenetic pace, an insurtech CEO says automation of the activity is speeding his company’s actuarial rate indications onto regulators’ desks. “We had a loss …

16 09, 2022

U.S. DOL Expands OSHA’s Severe Violator Enforcement Program

By | September 16th, 2022|Uncategorized|Comments Off on U.S. DOL Expands OSHA’s Severe Violator Enforcement Program

OSHA’s Severe Violator Enforcement Program targets employers who repeatedly disregard workers’ safety and health. In order to strengthen enforcement and improve compliance with workplace safety standards and reduce worker injuries and illnesses, the U.S. Department of Labor is expanding the …

13 09, 2022

U.S. Seeks to Restore Safety Rules Sparked by Gulf Oil Spill

By | September 13th, 2022|Uncategorized|Comments Off on U.S. Seeks to Restore Safety Rules Sparked by Gulf Oil Spill

The Biden administration on Monday proposed offshore drilling safety measures that it said would help prevent oil spills and protect workers and the environment. The proposal aims to restore safety provisions put in place by the Obama administration in 2016 …

13 09, 2022

Connecticut Trial Begins for Alex Jones in Sandy Hook Hoax Case

By | September 13th, 2022|Uncategorized|Comments Off on Connecticut Trial Begins for Alex Jones in Sandy Hook Hoax Case

A month after losing one nearly $50 million verdict, conspiracy theorist Alex Jones is set to go on trial a second time for calling the Sandy Hook Elementary School shooting a hoax and causing several of the victims’ families emotional …

13 09, 2022

Climate Change is Overwhelming U.S. Flood Maps, FEMA Says

By | September 13th, 2022|Uncategorized|Comments Off on Climate Change is Overwhelming U.S. Flood Maps, FEMA Says

Flood maps used by the Federal Emergency Management Agency are out of date and understate the risks to homes and businesses from flooding and extreme rain triggered by climate change, FEMA Director Deanne Criswell said. Those risks are in focus …

13 09, 2022

Retirees Who Invested in Lindberg Firms Wonder if They’ll Ever See Their Money

By | September 13th, 2022|Uncategorized|Comments Off on Retirees Who Invested in Lindberg Firms Wonder if They’ll Ever See Their Money

A legal fight between indicted billionaire Greg Lindberg’s insurance companies and the state insurance commissioner is now in its fourth year, as the two sides battle over $1.2 billion and allegations of bribery and fraud. WRAL.com, part of a Raleigh, …

13 09, 2022

Google Faces Damages Claims of $25.4B in UK, Dutch Courts Over Adtech Practices

By | September 13th, 2022|Uncategorized|Comments Off on Google Faces Damages Claims of $25.4B in UK, Dutch Courts Over Adtech Practices

Alphabet unit Google will face damages claims for up to 25 billion euros ($25.4 billion) over its digital advertising practices in two suits to be filed in British and Dutch courts in the coming weeks by a law firm on …

13 09, 2022

Watchdog: Chemical Safety Agency Impeded by Staff Shortage

By | September 13th, 2022|Uncategorized|Comments Off on Watchdog: Chemical Safety Agency Impeded by Staff Shortage

The federal agency that investigates chemical accidents is hindered by a lack of staffing, leadership disputes and a backlog of investigations that threaten its ability to protect people and the environment, according to a new report by a federal watchdog. …