The Insurance Industry Charitable Foundation (IICF) will host its 17th Annual Northeast Benefit, a charitable gala and dinner supporting nonprofits across New York, New Jersey and Connecticut on Nov. 28 at 6:00 p.m. at Cipriani 42nd Street in New York City.
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U.S. Securities Regulator Signals It May Curb Climate Rule Ambitions
U.S. Securities and Exchange Commission (SEC) officials have told lobbyists and corporate executives in recent days that the agency’s long-anticipated climate rules may scale back some of the most demanding greenhouse gas emissions disclosure requirements that it had proposed.
Bayer Ordered to Pay $1.56B in Latest U.S. Trial Loss Over Roundup Weedkiller
A Missouri jury ordered Bayer to pay $1.56 billion to four plaintiffs who claimed the company’s Roundup weedkiller caused injuries including cancer, a verdict that could intensify investor pressure on the German drugs and agricultural chemicals company to change its legal strategy.
After Hurricane Ian, Expect Tougher Building Codes, Increased Resiliency
Under the Federal Emergency Management Agency (FEMA) 50% rule, homes that incur substantial damage — a FEMA standard that kicks in when repair costs reach at least 50% of a property’s market value — must be brought up to current building codes and floodplain regulations.
NFIP Extended through Feb. 2 in Government Funding Bill
President Joe Biden signed a spending measure keeping the federal government open for business, including the National Flood Insurance Program.
New Poll Shows Voters Oppose CA Insurance Commissioner’s Home Insurance Plan By 2 to 1
A new poll finds that Insurance Commissioner Lara’s plan to allow insurance companies to increase premiums for all Californians in exchange for a promise to insure homeowners in higher wildfire risk areas is opposed by a 2 to 1 margin, 62% opposed to 30% in support
Hyundai, Kia Must Face Insurers’ Lawsuits Over Vehicle Thefts
A U.S. judge rejected bids by Hyundai and Kia to dismiss litigation by several hundred insurers seeking to recoup more than $1 billion they claim to owe drivers whose vehicles were stolen or damaged in a social media-inspired theft spree.
U.S. Regional Property Catastrophe Coverage Remains Healthy Ahead of Jan 1: Gallagher Re
Following a costly 2023 severe convective storm season, Gallagher Re’s Josh Knapp, Executive Vice President, Broking, National, has noted that reinsurers are proving less willing to provide aggregate covers for regional property cat risk, though their overall appetite “remains healthy.”
Companies Hit with $5B in SEC Penalties in FY 23
The Securities and Exchange Commission filed 784 enforcement actions, obtained $4.949 billion in monetary relief, including almost $1 billion returned to investors, and processed more than 18,000 whistleblower tips, the agency says in its fiscal year 2023 enforcement report.
Successful Change Management Pivotal to Achieving Higher Revenue Growth, WTW Research Finds
Companies that take a proactive approach to change management drive nearly 3 times more revenue than companies with below-average change effectiveness.