Banks and asset managers in the UK woke up to a new reality on Friday, as the country enforces some of the most far-reaching anti-greenwashing rules ever seen. Due to its broad scope, the new requirement from the Financial Conduct …

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of workers’ compensation specialist Maine Employers’ Mutual Insurance Co. in Portland, Maine …

This edition of International People Moves details appointments at Howden Re and climate consultancy South Pole. A summary of these new hires follows here. Howden Re Names Hearn as Chair, Global Clients Strategy Howden Re, the reinsurance and risk advisory …

A nurse was fired by a New York City hospital after she referred to Israel’s war in Gaza as a “genocide” during a speech accepting an award. Labor and delivery nurse Hesen Jabr, who is Palestinian American, was being honored …

Major investors in Australia aren’t responding fast enough to rising threats to infrastructure and other assets from cyclones, floods and other natural disasters, according to a group focused on climate risks. Extreme weather events in the nation in recent years …

Israel plans to allow more oil tankers to dock at a Red Sea port in Eilat despite environmental risks, as it strives to maintain energy security amid conflict on multiple fronts, according to Israeli officials and government documents. Prime Minister …

Shipping fuel regulations introduced in 2020 have led to a substantial cut in sulfur dioxide (SO2) pollution, but may also have made the ocean warmer by reducing cloud cover, according to a modeling study in a paper published late on …

Nationwide’s Chetan Kandhari said the company is working to build a bionic workforce. Maybe that brings to mind robots, futuristic technology and sci-fi imagery, but Kandhari said no one should fear robots replacing humans. Bionic simply means that biological components …

The U.S. property/casualty insurance segment’s net investment income hit a record $73.9 billion in 2023, bolstered by the higher interest rate environment, according to a new AM Best report. The Best’s Special Report, “U.S. P/C Insurers Achieve Record Investment Income …

American International Group and a group of its excess and surplus lines subsidiaries have dropped claims against three former AIG executives who launched Dellwood Insurance Group but its claims against the E&S lines insurer live on. AIG earlier in May …

Analysts with the AM Best financial rating firm and other stakeholders are cautiously optimistic about the resurrection of the Florida property insurance market, 18 months after state lawmakers approved monumental litigation reforms. That was the sentiment gleaned from a Thursday …

A Washington wage complaint investigation resulted in The Boeing Co. paying $11.5 million in unpaid wages to nearly 500 workers. The Washington State Department of Labor & Industries reports receiving four complaints in November 2022 from workers who were performing …

The Equal Employment Opportunity Commission (EEOC) is pursuing a case against an employer the agency says fired a new employee for not disclosing her low vision disability in her job interview. The Americans with Disabilities Act (ADA) prohibits employers from …

A Connecticut Appeals Court has affirmed that an insurer is not obligated to provide actual notice of a home insurance nonrenewal; proof that the insurer sent the notice by registered or certified mail is sufficient. The homeowners claimed they never …

Researchers at Johns Hopkins University in Baltimore are assessing the country’s bridges to determine the likelihood of another disaster like the one that collapsed the Francis Scott Key Bridge. The team includes students and faculty members and will focus on …

Mark Pastorius joined Alliant Insurance Services as executive vice president, managing director within Alliant Specialty. Pastorius’ insurance career spans more than 37 years. Before joining Alliant, Pastorius was an executive vice president and managing director at Lockton Companies where he …

Dozens of Oregon wineries and vineyards have sued PacifiCorp over the deadly 2020 wildfires that ravaged the state, alleging that the utility’s decision to not turn off power during the Labor Day windstorm contributed to blazes whose smoke and soot …

CHICAGO (AP) — A Chicago man convicted of murder based in part on testimony from a legally blind eyewitness is suing the city and the police department. A judge convicted Darien Harris in 2014 in connection with a fatal shooting …

Relation Insurance Services acquired the assets of First Insurance an Affiliate of FirstBank, Inc. The transaction went into effect on April 1, 2024; terms of the transaction were not disclosed. First Insurance, based in Durant, Oklahoma, offers commercial and personal …

Nicotine alternatives used in vapes being launched in the U.S. and abroad, such as 6-methyl nicotine, may be more potent and addictive than nicotine itself, though the scientific data remains incomplete, according to the U.S. Food and Drug Administration (FDA) …