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Sloop to Take Over for Drinkwater as Amwins President
Ben Sloop is set to take over as president of Amwins Group at the start of 2025, the wholesale brokerage said. Sloop succeeds James Drinkwater, who has been with Amwins since 2004 and has served as president since 2018. He …
POSTED DECEMBER 10, 2024 1:21 PM |
Allianz Raises Financial Targets for Next Three Years
Allianz, one of Europe’s biggest insurers, has raised its three-year financial targets after outperforming its key goals for this year, the company said on Tuesday. Shares in Allianz fell 1.3% by 0832 GMT. The operator of the PIMCO brand sees …
POSTED DECEMBER 10, 2024 11:37 AM |
Insurers’ Climate Losses Almost Match Premiums From Fossil Fuels
Top insurance companies suffered $10.6 billion of climate-attributed losses this year, just shy of the $11.3 billion of direct premiums they underwrote for commercial fossil-fuel clients in 2023, according to Insure Our Future. Of the 28 insurers reviewed, more than …
POSTED DECEMBER 10, 2024 9:06 AM |
Catastrophe Bonds See Investor Influx After ‘Fantastic’ Run
After emerging from an unusually active hurricane season with market-beating returns, catastrophe bonds are rapidly adding investors. Despite the increase in extreme weather — 2024 marked the ninth straight season in which the Atlantic basin suffered above-average storm activity — …
POSTED DECEMBER 10, 2024 8:20 AM |
Yellen Warns Financial System Still Faces Commercial Real Estate, Crypto Risks
The US financial system continued to face vulnerabilities from commercial real estate risk and digital assets in 2024, Treasury Secretary Janet Yellen said on Friday, even as cooling inflation and low unemployment bolstered the broader economy. She signaled top US …
POSTED DECEMBER 10, 2024 6:02 AM |
Study: A Meter of Sea Rise Could Impact $1 Trillion in Property on Southeast Coast
A meter of sea level rise by 2100 would affect more than 14 million people and $1 trillion worth of property along the Southeast Atlantic coast, a new study shows. A recent study published in the journal Nature Climate Change …
POSTED DECEMBER 10, 2024 6:01 AM |
Environmentalists Headed to Court Over Proposed Oil Well in Florida Watershed
TALLAHASSEE, Fla. (AP) — Environmentalists are heading to court to try to stop a plan to drill for oil in the watershed of a vulnerable north Florida river. The challenge brought by the conservation group Apalachicola Riverkeeper against the state’s …
POSTED DECEMBER 10, 2024 6:01 AM |
IICF Raises $1.4 Million for Northeast Nonprofits
The Insurance Industry Charitable Foundation (IICF) reports that it raised more than $1.4 million at its 18th Annual Northeast Benefit Event last week in New York City. The gala hosted more than 600 professionals from the insurance industry for an …
POSTED DECEMBER 10, 2024 6:00 AM |
Alliant Acquires Union First in California
Alliant Insurance Services acquired Union First in Irvine, California. Union First will join Alliant’s Employee Benefits Group – West Region. Union First is a benefits consulting and third-party administration firm serving public safety labor associations, including police, firefighters and deputy …
POSTED DECEMBER 10, 2024 6:00 AM |
How Underground Abandoned Mines Pose Danger When Land Collapses
Swaths of Pennsylvania and many other states are honeycombed with old, unstable mines that can cause the earth to suddenly give way and threaten people and property. That’s what searchers in Westmoreland County, just southeast of Pittsburgh, fear led to …
POSTED DECEMBER 10, 2024 6:00 AM |
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