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Category: Insurance Journal

EU Unity Over Russia Sanctions Falters as Europe’s Economy Weakens
Insurance Journal | December 20, 2022
EU Unity Over Russia Sanctions Falters as Europe’s Economy Weakens
European Union unity over sanctions on Russia has started to falter as jitters about the impact on Europe’s own stumbling economy weakens resolve to punish Moscow for war in Ukraine. EU leaders agreed on Thursday [Dec. 15] to a ninth …
Fund Managers Frustrated Over Confusing ESG Regulations
Insurance Journal | December 20, 2022
Fund Managers Frustrated Over Confusing ESG Regulations
After a turbulent few weeks during which some of the world’s biggest asset managers removed coveted ESG tags from huge chunks of their business, industry bosses have had enough. Managers running the funds affected are now talking openly of the …
To Compete for IT Talent, Industry Must Embrace the Cloud
Insurance Journal | December 20, 2022
To Compete for IT Talent, Industry Must Embrace the Cloud
To compete for top IT talent, the insurance sector will need to evolve. Jay Rabinowitz, vice president of financial services and insurance at Workday, predicts that IT and data scientists at insurance companies will be recruited away by tech firms …
Elon Musk Claims He Was Doxxed. But What Exactly Is That?
Insurance Journal | December 20, 2022
Elon Musk Claims He Was Doxxed. But What Exactly Is That?
When Twitter abruptly suspended the accounts of several journalists with no explanation, the platform’s owner Elon Musk hinted at the possible reason: They allegedly doxxed him. “You dox, you get suspended. End of story. That’s it,” he said on a …
Small 3.6 Earthquake Confirmed in Northern California
Insurance Journal | December 19, 2022
Small 3.6 Earthquake Confirmed in Northern California
A small magnitude 3.6 earthquake struck the San Francisco Bay Area, jolting thousands of people awake and causing minor damage, the U.S. Geological Survey confirmed. The earthquake occurred at 3:39 a.m. Saturday and was centered in El Cerrito, according to …
Risk Strategies Buys Florida Condominium Insurance Agency
Insurance Journal | December 19, 2022
Risk Strategies Buys Florida Condominium Insurance Agency
Boston-based broker Risk Strategies announced it has acquired Statewide Condominium Insurance, a Vero Beach, Florida, retail broker focused on the condominium and apartment complex sectors. Founded in 1996, Statewide specializes in serving condominium operators and home-owners associations throughout the state, …
First MainStreet Enters South Dakota
Insurance Journal | December 19, 2022
First MainStreet Enters South Dakota
First MainStreet Insurance L.C. (FMSI), an affiliate of TrueNorth Companies L.C., announced its expansion into the state of South Dakota as the firm partners with Revo Insurance Alliance. Revo Insurance Alliance is an insurance agency located in Aberdeen, South Dakota, …
OSHA: Amazon Failed to Record Some Warehouse Injuries
Insurance Journal | December 19, 2022
OSHA: Amazon Failed to Record Some Warehouse Injuries
Amazon failed to properly record work-related injuries at warehouses located in five states, a federal agency said Friday while announcing it issued more than a dozen citations during the course of its ongoing investigation of the company. The Occupational Safety …
Santander Fined £108 Million by UK Watchdog for Lax Money-Laundering Controls
Insurance Journal | December 9, 2022
Santander Fined £108 Million by UK Watchdog for Lax Money-Laundering Controls
Santander UK Plc was fined £108 million ($132 million) by the UK financial watchdog over repeated anti-money laundering failures that included a series of missteps over its monitoring of hundreds of millions of pounds of suspicious funds. The bank had …
People Moves: Chubb Global Mkts Promotes O’Brien to Head of Cargo; AXIS Promotes Maher to Head of Cyber and Technology, London
Insurance Journal | December 9, 2022
People Moves: Chubb Global Mkts Promotes O’Brien to Head of Cargo; AXIS Promotes Maher to Head of Cyber and Technology, London
Chubb Global Mkts Promotes O’Brien to Head of Cargo Chubb announced the appointment of Alex O’Brien as head of Cargo for Chubb Global Markets (CGM), the company’s London Market wholesale and specialty business including its Lloyd’s platform. In his new …