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News – Insurance Journal
States Struggle to Recruit and Retain Cyber-Security Pros
CHICAGO (AP) — Austin Moody wanted to apply his cyber-security skills in his home state of Michigan, teaming up with investigators for the State Police to analyze evidence and track down criminals. But the recent graduate set the idea aside …
POSTED SEPTEMBER 28, 2021 7:36 AM |
EPA Urged by 21 States to Toughen Vehicle Emissions Rules
A group of 21 state attorneys general, the District of Columbia, and several major U.S. cities urged the Biden administration to finalize significantly stricter vehicle emissions rules than it has proposed. The U.S. Environmental Protection Agency (EPA) in August called …
POSTED SEPTEMBER 28, 2021 7:23 AM |
Glynn County, Georgia Officials Propose Rules Allowing Buildings Closer to Sand Dunes
Leaders on one of Georgia’s most popular coastal islands are considering letting developers build closer to sand dunes. The Brunswick News reports that a planning commission that governs construction on St. Simons Island is discussing reducing the required setback for …
POSTED SEPTEMBER 28, 2021 7:00 AM |
People Moves: Alliant Adds Brian Shaw as First VP; Orchid Promotes Ross Bowie
Alliant Alliant continues has added to its Absence, Disability, and Life team, hiring Brian Shaw as First Vice President. The Atlanta-based benefits consultant joins Alliant’s Employees Benefits Groupand will serve a diverse base of clients throughout the Southeast region. Shaw …
POSTED SEPTEMBER 28, 2021 6:30 AM |
Australia Insurtech Startup Cover Genius Raises Funds, Boosting Valuation to A$1 Billion
Australian insurance startup Cover Genius Pty Ltd. boosted its valuation to A$1 billion ($729 million), after raising A$100 million [$72.8 million] from investors including G Squared and Japanese insurer Sompo Holdings Inc. The proceeds — about seven times more than …
POSTED SEPTEMBER 28, 2021 6:00 AM |
Allianz in Talks to Transfer Block of Life Assets to Free Up Regulatory Capital: Sources
Allianz SE is in advanced talks to transfer a block of Swiss life insurance assets to Resolution Life, people with knowledge of the matter said, a move that could free up regulatory capital as Europe’s largest insurer prepares for the …
POSTED SEPTEMBER 28, 2021 6:00 AM |
UK Accounting Firm Grant Thornton Fined for Audit of Café Chain Patisserie Valerie
Accountancy firm Grant Thornton has been fined for its audit of Patisserie Valerie, the British cafe chain that collapsed in 2018, throwing 900 people out of a job and triggering a separate fraud investigation into accounting irregularities. The Financial Reporting …
POSTED SEPTEMBER 28, 2021 5:45 AM |
Investors in Insurance-Linked Securities Seek to Avoid Exposure to Secondary Perils
Investors in insurance-linked securities are leaning toward structured catastrophe bonds rather than broader ILS instruments to steer away from unexpected losses from secondary perils. At the same time, catastrophe bond investors are accepting lower yields than they did two years …
POSTED SEPTEMBER 28, 2021 5:45 AM |
UN Launches Disaster Insurance Program for Developing Countries
The United Nations Development Programme has launched an initiative to help governments and the private sector in developing countries provide insurance for crises such as pandemics and natural catastrophes, it said on Monday. Disaster recovery costs the world’s 77 poorest …
POSTED SEPTEMBER 28, 2021 5:35 AM |
Southern California Utility Settles 2015 Gas Leak Litigation, To Take $1.1B Charge
Gas utility Southern California Gas (SoCalGas), a unit of Sempra Energy, said on Monday it has reached agreements that are expected to resolve substantially all civil litigation related to a 2015 natural gas storage facility leak. As a result of …
POSTED SEPTEMBER 27, 2021 11:15 PM |
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