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People Moves: Marsh Promotes Barnes as Global Head of Energy & Power, Herring as Team’s Chair
People Moves: Marsh Promotes Barnes as Global Head of Energy & Power, Herring as Team’s Chair Marsh, the insurance brokerage business of Marsh McLennan, announced the appointment of Amy Barnes as global head of Energy & Power, effective immediately. Based …
POSTED MARCH 19, 2025 4:43 PM |
Detroit Area CBP Director Charged in FEMA Fraud Scheme
A federal criminal complaint was unsealed today charging the Director of United States Customs and Border Protection’s (CBP) Center for Excellence and Expertise over Automotive and Aerospace Engineering with engaging in a scheme to defraud the Federal Emergency Management Agency …
POSTED MARCH 19, 2025 4:43 PM |
Swiss Re to Sell Entire 10.05% Stake in Canada’s Definity Financial for C$655 Million
Swiss Re is selling its entire 10.05% stake in Definity Financial, the Canadian property/casualty insurer, for C$655 million ($458.1 million) — a decision the reinsurer made after a review of its investment portfolio. On March 19, Swiss Re was due …
POSTED MARCH 19, 2025 4:33 PM |
Pipeline Company’s Lawsuit Against Greenpeace Goes to a North Dakota Jury
Greenpeace used malicious and deceptive tactics to disrupt the controversial Dakota Access Pipeline and keep it from going forward, an attorney for the company behind the project said Monday. But attorneys for the environmental advocacy group said during their closing …
POSTED MARCH 19, 2025 4:30 PM |
CRC Group Acquires Texas’ Risk Transfer Partners
CRC Group, an independent wholesale specialty insurance distributor in North America, announced the acquisition of Risk Transfer Partners (RTP), a casualty-focused wholesale brokerage business. This strategic acquisition enhances CRC’s capabilities and market reach, particularly in the construction, energy, environmental, and …
POSTED MARCH 19, 2025 4:26 PM |
Texas Bills Seek to Improve State’s Response to Wildfires
A Texas lawmaker is laying the groundwork to create a statewide system that connects all first responders and government agencies to the same network. The proposal comes as a possible solution to fix communication issues the agencies have encountered during …
POSTED MARCH 19, 2025 4:22 PM |
Odey Banned From UK Finance Services Industry for ‘Lack of Integrity’
Crispin Odey was fined £1.8 million ($2.3 million) and banned by the UK’s financial regulator for showing a “reckless disregard” for governance at his former investment fund. The Financial Conduct Authority said in a statement Odey’s conduct demonstrated that he …
POSTED MARCH 19, 2025 3:27 PM |
Fake WeWork Takeover Bid by Strip Mall Investor Gets Him Five Years in Prison
A former strip mall mogul was sentenced to five years in prison for orchestrating a fake WeWork Inc. takeover bid to profit from stock options he bought just before the company’s November 2023 bankruptcy filing. Jonathan Larmore, sentenced on Tuesdayin …
POSTED MARCH 19, 2025 3:07 PM |
Extreme Weather in 2024 Forced Biggest Displacement of People in 16 Years
Extreme weather last year including typhoons, heatwaves and flooding led to the biggest displacement of people since 2008, and exacerbated a food crisis in more than a dozen countries, according to a report. Tropical cyclones were responsible for many of …
POSTED MARCH 19, 2025 3:00 PM |
Florida Bill Would Limit AI in Claims Denials, Extend Bar on Execs, Raise Surplus Levels
After years of rising insurance premiums, anger from homeowners, and recent reports about some property insurance carriers’ alleged diverting of profits, bills seen as “consumer friendly” continue to gain traction in the Florida Legislature. One of those bills, Senate Bill …
POSTED MARCH 19, 2025 2:19 PM |
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