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Bank of Japan Governor Warns AI Could Bring New Financial Stability Risks
Bank of Japan Governor Kazuo Ueda said on Thursday central banks must be mindful that technological advances, such as in the area of artificial intelligence (AI), could bring new risks to financial stability. “As financial services grow more diverse and …
POSTED NOVEMBER 21, 2024 9:59 AM |
Zurich Insurance Group Sets New Targets After Meeting Existing Ones a Year Early
Zurich Insurance Group AG set new targets for profitability and profit growth for the next three years, after a better-than-expected market environment put it on track to exceed its existing guidance a year ahead of plan. The insurer pledged to …
POSTED NOVEMBER 21, 2024 8:19 AM |
General Mills to Engage Regulators on Food Dyes Targeted by RFK Jr.
General Mills Inc. is planning to engage federal officials over potential restrictions on food dyes that it uses in some of its cereals, as Robert F. Kennedy Jr., the nominee to run the Department of Health and Human Services, calls …
POSTED NOVEMBER 21, 2024 6:16 AM |
Allianz Offers 5 Loss Trends to Watch on the Liability Front
As the costs of nuclear and thermonuclear verdicts explode in the U.S., organizations are examining ways to predict, prevent and avoid the liabilities that light the fuse on multi-million-dollar court cases. Areas critical to watch include pharma class actions, the …
POSTED NOVEMBER 21, 2024 6:08 AM |
Sica Fletcher Index: Total Agency-Broker M&A Revenue Down 38% YTD
The 22 acquirers that make up the Sica Fletcher Index were involved in 142 agent-broker deals in the third quarter to match the amount of deal from the same quarter last year. Members completed 385 acquisitions for the year as …
POSTED NOVEMBER 21, 2024 6:02 AM |
Redfin Reports Home Sales Dropping Fast in Five Florida Metro Areas
The five U.S. metropolitan areas with the biggest drop in home sales are all in Florida, the result of a perfect storm of rising insurance costs, homeowner association fees and repeat storms, a home sales tracking service reported Wednesday. Redfin, …
POSTED NOVEMBER 21, 2024 6:01 AM |
KBRA Downgrades Insurance Financial Strength Ratings of Oregon Mutual Insurance Company
KBRA downgraded the insurance financial strength ratings (IFSR) of Oregon Mutual Insurance Co. and its wholly owned subsidiary, Western Protectors Insurance Co. to BBB+ from A-. The outlooks for both ratings remain negative. The downgrades reflect the continued deterioration in …
POSTED NOVEMBER 21, 2024 6:00 AM |
People Moves: CompScience Names Silver SVP of Client Service and Success
CompScience hired Jeremy Silver as senior vice president of client service and success. Silver has decades of experience scaling customer success, services and support teams. He is currently a founding limited partner at Success Venture Partners, and previously served as …
POSTED NOVEMBER 21, 2024 6:00 AM |
Department of Labor Fines California Retirement Home $137K for Back Wages, Damages
A California assisted living facility for seniors was fined more than $137,000 after an investigation by the U.S. Department of Labor’s Wage and Hour Division reportedly found the facility failed to properly account and pay for all overtime hours worked …
POSTED NOVEMBER 21, 2024 6:00 AM |
Virginia Seeks $4.4 Billion Additional Federal Aid for Hurricane Helene Recovery
Citing the devastating impacts of Hurricane Helene in southwest Virginia, Governor Glenn Youngkin submitted a request to President Joseph Biden, President-elect Donald Trump and Congressional appropriators for $4.4 billion in federal support. Youngkin said the aid is needed to support …
POSTED NOVEMBER 20, 2024 7:00 PM |
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