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Mobility Sector Will Need New Insurance Products to Continue to Grow: Marsh
For the sharing economy and mobility sectors to continue to grow, they will need new forms of insurance, including programs to support gig-workers at scale, advises a report from insurance broker Marsh. According to the report, the COVID-19 pandemic is …
POSTED OCTOBER 18, 2021 2:06 PM |
Attorney Says New Jersey Complex Evacuated Due to Rockslide Will Be Razed
A New Jersey apartment complex from which 45 families were abruptly evacuated due to a rockslide stemming from the remnants of Hurricane Ida will be demolished, according to the lawyer representing the property owner. Attorney Steven Eisenstein handed evacuees checks …
POSTED OCTOBER 18, 2021 1:42 PM |
Massachusetts Bakery Agrees to Settle Race Discrimination Lawsuit
A Massachusetts bakery has agreed to pay up to $95,000 in penalties and restitution, require anti-bias training for employees, and revise its anti-discrimination policies to settle allegations that an employee was repeatedly exposed to racial slurs in the workplace, the …
POSTED OCTOBER 18, 2021 1:35 PM |
U.S. Insurers’ Face ‘Minimal Exposure’ in China’s Evergrande Property Crisis
The U.S. insurance industry faces only minimal exposure to land development companies in China as one of that country’s largest property developers, Evergrande, appears on the brink of collapse. According to analysts with the National Association of Insurance Commissioners (NAIC) …
POSTED OCTOBER 18, 2021 1:31 PM |
Guy Carpenter Launches European Wildfire Risk Score as Exposure Management Tool
Guy Carpenter & Co., the reinsurance business of Marsh McLennan has announced the launch of a Wildfire Risk Score designed to help clients manage their exposure to the evolving risk of wildfire across Europe. The solution builds on the approach …
POSTED OCTOBER 18, 2021 1:09 PM |
Hub International Acquires Canadian Employee Benefits Broker Rogersworks Inc.
Hub International Ltd., the Chicago-based global insurance brokerage and financial services firm, announced it has acquired the assets of Rogersworks Inc. Financial details of the transaction were not disclosed. Located in Vancouver, British Columbia, Canada, Rogersworks is an independent benefits …
POSTED OCTOBER 18, 2021 12:46 PM |
Lawmakers Introduce Liability, Competition Bills Targeting Giant Internet Firms
The biggest U.S. tech companies would face new constraints under two bills announced Thursday after a month of revelations from a Facebook Inc. whistle-blower sparked fresh calls to rein in an industry that has largely escaped regulation so far. A …
POSTED OCTOBER 18, 2021 12:41 PM |
China Provides Assurances that Evergrande Crisis Is Being Contained
For months in the runup to the 2008 financial crisis, banking heavyweights from Federal Reserve Chair Ben Bernanke on down said the turmoil in subprime mortgages would be “contained.” That phrase is now making a comeback in Beijing as regulators …
POSTED OCTOBER 18, 2021 11:48 AM |
Former Boy Scouts Official Tells Congress Group Still Protecting Secrets Over Kids
The former youth protection director for the Boy Scouts of America said Tuesday the organization is not doing enough to protect children from sexual abuse and is still trying to maintain a veil of secrecy over decades of past abuse. …
POSTED OCTOBER 18, 2021 11:34 AM |
Munich Re, Hannover Re Expect Rising Prices After Floods in Germany
German reinsurance companies Munich Re and Hannover Rueck said on Monday they expect rising prices for their business in Europe next year, citing mid-July floods in central Europe, inflation and the coronavirus pandemic. The floods in July alone caused damage …
POSTED OCTOBER 18, 2021 11:27 AM |
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