Industry News
Financial Risks of Climate Change Are Exaggerated: Senior HSBC Banker
Central bank policymakers and other global authorities are exaggerating the financial risks of climate change, a senior HSBC banker in charge of sustainable investments said in remarks that drew ...
Zurich Insurance to Sell Russian Business to Local Team
Zurich Insurance has agreed to sell its Russian business to members of the local team, it said on Friday, as the Swiss insurer became the latest Western firm to exit Russia. It joins a list of ...
U.S. Pedestrian Fatalities Projected to Reach Highest Level in 40 Years
Twenty people per day were hit and killed by drivers last year, according to an analysis by the Governors Highway Safety Association (GHSA). Using the latest data available to project the number of ...
New Progressive Campaign Features Jon Hamm as Flo’s Former Flame
Progressive Insurance's most dedicated employee is about to get a possible love interest. Launching May 23, Progressive's new campaign follows Flo as she encounters an old flame—played by actor Jon ...
Tesla Bets It Can Bring Down Insurance Costs, Make Driving Safer
For more than six weeks now, the tech and finance industry has been riveted by Elon Musk's pursuit of Twitter. The topic has sucked up tons of oxygen and contributed to Tesla shares sagging amid a ...
Executives on the Move at Zurich, SiriusPoint, Acrisure, Canopius
Zurich Insurance Group has appointed Sarah Maillet as chief financial officer of Commercial Insurance, effective June 1, 2022. She will report to Sierra Signorelli, CEO Commercial Insurance, and be ...
PIMCO Sued Over ‘Fraternity’ Culture by Minority Ex-Workers
Pacific Investment Management Co. now has both men and women suing over a "fraternity" culture that allegedly favors white males. Two men, a Black ex-employee and a former contractor who is Asian, ...
Activist Group Says U.S. Insurers Trying to Weaken Climate-Related Regulations
A number of businesses within the U.S. insurance sector are trying to weaken or delay emerging climate-related insurance regulation at federal and state levels, according to climate think tank ...