Aon reported a 41 percent spike in voluntary employee departures last year amid the “Great Resignation” in the United States, according to data from the firm’s Salary Increase and Turnover Study. Aon, a leading global professional services firm, reported 21.8 percent of U.S. employees left their jobs in 2021, of which 17.2 percent departed voluntarily.… Continue reading Voluntary Employee Departures Spike 41% Among U.S. Businesses, Aon Reports
Author: Farkas Laura
550 Women File Lawsuit Against Uber Alleging Sexual Assault by Drivers
According to a law firm, at least 550 female passengers filed a lawsuit against Uber on Wednesday, alleging sexual assault, kidnapping, and other attacks at the hands of drivers from the company’s ride-hailing service. According to a press release from the women’s attorneys, the civil action suit, filed in San Francisco County Superior Court, includes… Continue reading 550 Women File Lawsuit Against Uber Alleging Sexual Assault by Drivers
NYC Sets Aside $1.8 Million for Teacher Discrimination Lawsuit
Thousands of former Black and Latino teachers in New York City stand to receive more than $1 billion after the city recently dropped a decades-long discrimination lawsuit alleging that a licensing test was biased. The city’s recent concession means that approximately 4,700 former New York City teachers who were demoted or fired since 1995 because… Continue reading NYC Sets Aside $1.8 Million for Teacher Discrimination Lawsuit
Swiss Re Says Global Insurance Premiums Will Exceed $7 Trillion this Year
In nominal terms, global insurance premiums are expected to exceed $7 trillion for the first time in 2022, driven by 6.1 percent growth, solid employment, income growth, a hardening P&C market environment, and increased risk awareness for mortality and health risks as a result of the COVID-19 pandemic. The Swiss Re Institute’s most recent world… Continue reading Swiss Re Says Global Insurance Premiums Will Exceed $7 Trillion this Year
Allianz Global Corporate & Specialty to Target Multinational Insurance
Allianz is aiming to substantially expand its business from customers in the global insurance program sector to serve the increasing demand from large and medium-size companies needing cross-border coverage. Its international corporate insurance carrier, Allianz Global Corporate & Specialty (AGCS), is strengthening its capabilities, including a new market-facing team as well as dedicated investments in… Continue reading Allianz Global Corporate & Specialty to Target Multinational Insurance
Aon/Mergermarket M&A Study Finds Reasons for Optimism but Headwinds Persist in Wake of Pandemic
Leading global professional services firm Aon, and Mergermarket, a provider of global M&A intelligence, data, and analysis, released the latest edition of their global M&A Risk in Review. According to the report, last year’s resurgence of M&A activity can be maintained, albeit not at the record levels seen in 2021, with dealmakers looking forward to… Continue reading Aon/Mergermarket M&A Study Finds Reasons for Optimism but Headwinds Persist in Wake of Pandemic
Inflation Likely to Force Homeowners & Auto Insurance to Increase
There doesn’t appear to be any good news about inflation on the horizon for consumers. When they receive their homeowner and auto insurance renewal contracts this year, they will most likely discover that their rates have increased significantly. Rates vary by location, making it difficult to predict how much they will rise. Analysts predict that… Continue reading Inflation Likely to Force Homeowners & Auto Insurance to Increase
Hundreds of Citizens Policies Dropped after Home Values Exceeded $700,000 Cap
Rising inflation has made it difficult for hundreds of Florida homeowners to obtain affordable property insurance. According to new data from Citizens Property Insurance Corp., Florida’s “insurer of last resort,” the company dropped 2,267 policies statewide during the 12-month period ending June 30 because the replacement value of their homes exceeded $700,000. Except in Miami-Dade… Continue reading Hundreds of Citizens Policies Dropped after Home Values Exceeded $700,000 Cap
Cyber Snapshot Reveals Increasing Threats of Data Exfiltration as Extortion Techniques Evolve
Cyber risk remains a persistent threat to organizations with no appreciable change in incidence, but a new sophistication in threat actors’ approach is emerging, according to data released by Beazley today in a new report. The inaugural Beazley Cyber Services Snapshot presents a deep dive into the growing issue of data exfiltration, exploring the myriad… Continue reading Cyber Snapshot Reveals Increasing Threats of Data Exfiltration as Extortion Techniques Evolve
WTW Boosts Climate Risk Analytics Expertise with Butterwire Acquisition
WTW, a leading global advisory, broking and solutions company, announced today the acquisition of Butterwire, a FinTech provider of data analytics, artificial intelligence (AI) and machine learning platforms. The move will further strengthen WTW’s world-leading capabilities in delivering climate risk analytics to organizations around the world. The team of research, data science and software engineering… Continue reading WTW Boosts Climate Risk Analytics Expertise with Butterwire Acquisition