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Archive: March 2023

Markets/Coverages: Specialist Re/insurer Apollo Announces Partnership With Praedicat to Harness Emerging Risk Insights
Insurance Journal | March 10, 2023
Markets/Coverages: Specialist Re/insurer Apollo Announces Partnership With Praedicat to Harness Emerging Risk Insights
Apollo, the London-based independent specialist insurer and reinsurer, announced a three-year agreement with Praedicat, the California-based emerging risk analytics and modeling company, that will deploy Praedicat’s technology and data for Apollo’s underwriting and portfolio management. Praedicat’s CoMeta™ platform creates underwriting …
UK’s Largest Companies Fail to Comply With FCA’s New Gender-Diversity Quotas
Insurance Journal | March 10, 2023
UK’s Largest Companies Fail to Comply With FCA’s New Gender-Diversity Quotas
Seven of the UK’s 10 largest listed companies have failed to comply with the FCA’s new gender-diversity quotas, a reminder of the scale of the challenge facing businesses as they look to improve diversity in their upper ranks. AstraZeneca Plc, …
European Central Bank to Test Cyber Resilience of Banks
Insurance Journal | March 10, 2023
European Central Bank to Test Cyber Resilience of Banks
The European Central Bank plans to test the cyber resilience of the euro zone’s top banks after a sharp rise in cyberattacks, including after Russia’s invasion of Ukraine, ECB supervisory chief Andrea Enria told a Lithuanian newspaper. “Next year we …
Viewpoint: Stronger Building Standards Must Be the Norm
Insurance Journal | March 10, 2023
Viewpoint: Stronger Building Standards Must Be the Norm
Regardless of where you call home, we all face growing risk of damage related to extreme weather. Hurricanes, wildfires, winter storms, tornadoes and hail pose increased risk for homes, businesses and communities across the country. According to the National Oceanic …
JPMorgan Must Hand Over CEO Dimon’s Records in Jeffrey Epstein Lawsuit
Insurance Journal | March 10, 2023
JPMorgan Must Hand Over CEO Dimon’s Records in Jeffrey Epstein Lawsuit
A U.S. judge on Thursday ordered JPMorgan Chase & Co. to hand over more documents concerning Chief Executive Jamie Dimon to the U.S. Virgin Islands for the territory’s lawsuit accusing the bank of aiding in Jeffrey Epstein’s sex trafficking. U.S. …
Georgia Insulation Maker Fined $432,400 After Worker’s Head Injury
Insurance Journal | March 10, 2023
Georgia Insulation Maker Fined $432,400 After Worker’s Head Injury
The U.S. Occupational Health and Safety Organization has cited a Georgia insulation manufacturer after a 21-year-old worker suffered severe head trauma when he was caught in a machine’s roller. Bonded Logic Inc., in Lafayette, Georgia, was cited for multiple willful, …
1 Worker Killed, 3 Injured in Wall Collapse at Manhattan Demolition Site
Insurance Journal | March 10, 2023
1 Worker Killed, 3 Injured in Wall Collapse at Manhattan Demolition Site
A worker died after a wall collapsed at a New York City demolition site and buried him in rubble, authorities said. The collapse happened Tuesday at a three-story building being demolished on Lafayette Street in lower Manhattan, city Department of …
Ohio Insurance Department Warns of ‘Past Posting’ Fraud Scheme
Insurance Journal | March 9, 2023
Ohio Insurance Department Warns of ‘Past Posting’ Fraud Scheme
The Ohio Department of Insurance warned of an insurance fraud scheme committed after an auto accident or property damage that is trending in the state. Named the “past posting” scheme, the term describes the action of a person attempting to …
NTSB Investigates Fatal Helicopter Crash Along Texas Gulf Coast
Insurance Journal | March 9, 2023
NTSB Investigates Fatal Helicopter Crash Along Texas Gulf Coast
SEADRIFT, Texas (AP) – A helicopter crash along the Texas Gulf Coast killed two people, according to the local sheriff. The Robinson R44 helicopter was flying from Port O’Connor to the Calhoun County- Port Lavaca Airport about 20 miles (32 …
Minnesota Governor Signs ‘Drivers License For All” Law
Insurance Journal | March 9, 2023
Minnesota Governor Signs ‘Drivers License For All” Law
ST. PAUL, Minn. (AP) – Immigration status will no longer disqualify more than 80, 000 people from getting Minnesota drivers licenses under a bill signed by Gov. Tim Walz on Tuesday. Supporters of the effort, dubbed “driver’s licenses for all,” …