(239) 334-7727

info@benfew.com

Archive: January 2023

Banks Still Need to Learn Lessons from 2022 Crises: BoE
Insurance Journal | January 10, 2023
Banks Still Need to Learn Lessons from 2022 Crises: BoE
Banks still need to improve their risk management and learn the lessons from various crises that rocked markets in 2022, regulators at the Bank of England said on Tuesday. The market reaction to Russia’s invasion of Ukraine and turmoil in …
SEC Charges McDonald’s Ex-CEO for Misrepresentations to Investors
Insurance Journal | January 10, 2023
SEC Charges McDonald’s Ex-CEO for Misrepresentations to Investors
The U.S. Securities and Exchange Commission on Monday charged former McDonald’s Corp Chief Executive Stephen Easterbrook with making false and misleading statements to investors about the circumstances of his 2019 termination. The SEC hit Easterbrook with a five-year officer and …
South Carolina DOI Sees $10 Million to Policyholders After Complaints about Insurers
Insurance Journal | January 10, 2023
South Carolina DOI Sees $10 Million to Policyholders After Complaints about Insurers
The South Carolina Department of Insurance in 2022 returned $10.3 million to policyholders who filed complaints about insurance companies, the department said in a bulletin Tuesday. The department resolved some 4,500 complaints last year, with an average payment of $2,294. …
$2 Million Now Available for Tennessee Rescue Squad Safety and Response Gear
Insurance Journal | January 10, 2023
$2 Million Now Available for Tennessee Rescue Squad Safety and Response Gear
Rescue squads in Tennessee can now apply for state grants for equipment used in emergency response and for equipment used to protect rescue workers. The Tennessee Department of Commerce and Insurance announced this week that $2 million is now available …
Florida Rodeo Rider Dies After Being Thrown From Horse
Insurance Journal | January 10, 2023
Florida Rodeo Rider Dies After Being Thrown From Horse
A woman died after she was thrown from a horse at a rodeo in the Florida panhandle, authorities said Sunday. The 56-year-old woman had just finished competing in a barrel race at the Baker Rodeo on Saturday when she was …
Environmental, Social and Governance Credit Risks to Rise in 2023: Moody’s
Insurance Journal | January 10, 2023
Environmental, Social and Governance Credit Risks to Rise in 2023: Moody’s
Economic and political turbulence caused by the COVID-19 pandemic and Russia’s invasion of Ukraine will be likely to heighten environmental, social and governance (ESG) credit risks this year, credit rating agency Moody’s said on Monday. The cost-of-living crisis stemming from …
Ardonagh Specialty Joins Global Broking Network, Brokerslink
Insurance Journal | January 10, 2023
Ardonagh Specialty Joins Global Broking Network, Brokerslink
Brokerslink has added Ardonagh Specialty to its international network. Three businesses within Ardonagh Specialty – Ed Broking, Ed Bermuda and Piiq Risk Partners – are existing Brokerslink partners, and remain in the network. The new move brings in the entire …
Australia Proposes Plan to Make Biggest Polluters Slash Emissions
Insurance Journal | January 10, 2023
Australia Proposes Plan to Make Biggest Polluters Slash Emissions
Australia’s Labor government proposed on Tuesday to make the country’s biggest polluters slash emissions by 30% over the next seven years, with some leeway for trade-exposed industries, such as aluminum and liquefied natural gas (LNG). The government also announced it …
UK Financial Services Firms Lead Europe in Push to Shrink Board Gender Gap
Insurance Journal | January 10, 2023
UK Financial Services Firms Lead Europe in Push to Shrink Board Gender Gap
UK finance firms now have a higher proportion of women on their boards than their European counterparts, a rare boost for the City of London’s attempts to improve the industry’s diversity. Women made up 58% of new board appointments at …
New Louisiana Laws Require Hurricane Mediation Program, Catastrophe Response Plan
Insurance Journal | January 10, 2023
New Louisiana Laws Require Hurricane Mediation Program, Catastrophe Response Plan
Louisiana lawmakers passed several bills last legislative session in response to insurers’ handling of recent natural disasters, five of which went into effect Jan. 1, 2023. The legislation resulted from a shaken homeowners insurance market that experienced eight insurers leave …