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Update on New Jersey Wildfire: 50% Contained; 13,250 Acres Burned
New Jersey firefighters reported Wednesday night that the Jones Road wildfire in Ocean County has been 50% contained after burning 13,250 acres. About 12 structures are currently under threat, down from 20 on Wednesday, according to the New Jersey Forest …
POSTED APRIL 24, 2025 12:29 PM |
Generali CEO Secures New Term After Contested Natixis Deal
Generali Chief Executive Philippe Donnet secured shareholder support on Thursday to stay in the job for another three years, after he struck a landmark asset management deal that irked both a major investor and the Rome government. The vote hands …
POSTED APRIL 24, 2025 11:36 AM |
UK’s Extremely Dry Start to Year Raises Crop and Wildfire Risks
The UK’s driest start to the year in four decades is threatening the country’s grain crops and increasing the risk of wildfires. Total precipitation of about 20.5 centimeters (8.1 inches) during the first quarter was the lowest since 1985, according …
POSTED APRIL 24, 2025 11:17 AM |
AXA Board Proposes to Renew CEO Buberl’s Mandate in 2026
French insurer AXA’s board of directors will propose the renewal of Chief Executive Thomas Buberl’s mandate for another four years at its annual shareholder meeting in 2026, the company said on Wednesday. Buberl, 52, has led the group since 2016 …
POSTED APRIL 24, 2025 9:49 AM |
UniCredit Holds Stake of Between 6-7% in Generali, Source Says
UniCredit has increased its stake in insurer Generali to between 6% and 7%, a person with knowledge of the matter said on Thursday, ahead of a key shareholder vote to pick a new board of directors. Unicredit’s stake was 5.3% …
POSTED APRIL 24, 2025 9:31 AM |
The Race to Fix Aging Computer Systems Heats Up With AI’s Help
Kresimir Mudrovcic and his team of programmers spend months on end trawling through computer code that can be three times as old as the crew’s youngest members. Mudrovcic specializes in mainframe technology, involving computers tracing their roots to the dawn …
POSTED APRIL 24, 2025 9:19 AM |
Tech Update: Lloyd’s Backs BreachBits; ZoJacks Prevents Water Claims; Eagleview Expands Drone Options
Washington, D.C.-based BreachBits has received an investment of an undisclosed amount from Lloyd’s in what is the London-based global insurance marketplace’s third strategic innovation investment from among over 150 alumni of the Lloyd’s Lab. This investment follows BreachBits’ successful co-development …
POSTED APRIL 24, 2025 7:15 AM |
More Floridians Moving Out Due to Housing, Insurance Costs, Cotality Report Says
Florida’s elected leaders have long touted the “1,000 people a day” moving into the state. But that trend shows signs of slowing, with people moving out of the Sunshine State due to surging housing and property insurance costs, according to …
POSTED APRIL 24, 2025 5:02 AM |
Distracted Drivers Are Overconfident; 20% Still Texting While Driving
Driver overconfidence is leading to risky behavior. Nationwide’s latest driver survey found 20% of drivers text while driving, 15% use social media, 13% watch videos, and 11% read or write emails. Half of all drivers admit to eating or drinking …
POSTED APRIL 24, 2025 5:01 AM |
People Moves: SCM Names Valenzuela VP and Bond Manager; Breiter Joins Alliant in California
Valenzuela Joins SCM as Vice President and Bond Manager SullivanCurtisMonroe Insurance Services named Adriana Valenzuela vice president and bond manager. Before joining SCM, Valenzuela managed the surety department for Alliant Insurance Services’ Western offices. She also previously served as an …
POSTED APRIL 24, 2025 5:00 AM |
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