26 10, 2021

Climate Change: What Are the Economic Stakes?

By | October 26th, 2021|Uncategorized|Comments Off on Climate Change: What Are the Economic Stakes?

COP26 climate talks in Glasgow starting next Sunday may be the world’s best last chance to cap global warming at the 1.5-2 degrees Celsius upper limit set out in the 2015 Paris Agreement. The stakes for the planet are huge …

27 10, 2021

We Insure Opens Florida Agency with Real Estate Connection

By | October 27th, 2021|Uncategorized|Comments Off on We Insure Opens Florida Agency with Real Estate Connection

Jacksonville-based We Insure Inc., an insurance franchise company, announced a new operation in Lecanto, Florida, north of Tampa. We Insure Citrus agency, owned by Kevin and Karen Cunningham, will specialize in residential, automobile and commercial lines, particularly for RE/MAX real …

27 10, 2021

Global Minimum Tax Proposal Could Create Double Taxation for Some Insurers: AM Best

By | October 27th, 2021|Uncategorized|Comments Off on Global Minimum Tax Proposal Could Create Double Taxation for Some Insurers: AM Best

Given the accounting differences for global insurance companies in different jurisdictions, a new global minimum tax on certain multinational companies creates the potential for double taxation for some insurance companies, according to an AM Best commentary. The Organization for Economic …

27 10, 2021

As Strikes, Riots and Civil Commotion Risks Increase, Insurers Respond With Exclusions

By | October 27th, 2021|Uncategorized|Comments Off on As Strikes, Riots and Civil Commotion Risks Increase, Insurers Respond With Exclusions

Insurers traditionally have offered protection against strikes, riots and civil commotion (SRCC) at no extra cost, but the increased frequency and severity of these risks means property insurers have begun excluding events of social unrest from policies, according to a …

26 10, 2021

California Labor Commissioner Cites Grocer $1.1M for COVID Sick Leave Practices

By | October 26th, 2021|Uncategorized|Comments Off on California Labor Commissioner Cites Grocer $1.1M for COVID Sick Leave Practices

The California Labor Commissioner’s Office cited Bodega Latina (dba El Super grocery stores) in Southern California $1,164,500 for failing to provide or delaying supplemental paid sick leave or other benefits to 240 workers at 38 locations affected by COVID-19. An …

22 10, 2021

Multiple Delaware Residents Indicted for Insurance Fraud

By | October 22nd, 2021|Uncategorized|Comments Off on Multiple Delaware Residents Indicted for Insurance Fraud

Late last month in New Castle County, Delaware, a grand jury indicted multiple residents for insurance fraud. The indictments stem from Department of Insurance Fraud Prevention Bureau investigations, in partnership with the Delaware Department of Justice. They allege that following …

22 10, 2021

NCCI Launches Workers’ Comp Learning Academy for Carriers

By | October 22nd, 2021|Uncategorized|Comments Off on NCCI Launches Workers’ Comp Learning Academy for Carriers

The National Council on Compensation Insurance has launched a workers’ compensation learning academy for member carriers. “NCCI affiliates have asked for convenient training and development programs focused on workers compensation insurance,” the council said in a bulletin. The learning sessions …

22 10, 2021

People Moves: New Hire at Willis, Chamness Elected to Norfolk & Dedham Boards

By | October 22nd, 2021|Uncategorized|Comments Off on People Moves: New Hire at Willis, Chamness Elected to Norfolk & Dedham Boards

Willis Towers Watson Hires Latham to Mid-Atlantic FINEX Commercial Team Willis Towers Watson, a global advisory, broking and solutions company, hired Kenneth Latham to as associate director for the Mid-Atlantic FINEX commercial team. Latham will be responsible for all aspects …

22 10, 2021

Guy Carpenter Launches Global Insurtech Center of Excellence

By | October 22nd, 2021|Uncategorized|Comments Off on Guy Carpenter Launches Global Insurtech Center of Excellence

Guy Carpenter & Co., the reinsurance brokerage business of Marsh McLennan, announced the launch of the Guy Carpenter Insurtech Center of Excellence (COE) to provide comprehensive services to global re/insurance carriers and managing general agents (MGAs), powered through modern technology …

22 10, 2021

Fintech Paytm Gets Regulatory Nod for India’s Biggest Ever IPO: Source

By | October 22nd, 2021|Uncategorized|Comments Off on Fintech Paytm Gets Regulatory Nod for India’s Biggest Ever IPO: Source

NEW DELHI – Indian fintech firm Paytm has received approval from the capital markets regulator for its $2.2 billion stock market listing that is likely to be India’s biggest ever IPO, a source familiar with the matter told Reuters on …