The Trustees of the Airways Pension Scheme have successfully completed a £340 million longevity swap transaction with Metropolitan Tower Life Insurance Company, a subsidiary of MetLife. This significant financial maneuver, facilitated by Zurich UK, aims to mitigate the financial risks associated
In a concerning development, DAP Health and its subsidiary Borrego Health have reported a potential data privacy breach. The breach was initially detected earlier this year, raising significant concerns about the security of sensitive patient information. Delving into the details of this breach, it
The journey of one Registered Investment Advisor (RIA) firm towards significant growth began with a pivotal decision to outsource its investment management responsibilities. The firm's founder, burdened by the anxiety of managing investments for over 600 households, sought a solution that would
The California Labor Commissioner’s Office (LCO) has recently issued a staggering $1.3 million in fines against 19 car washes in the South Bay area of Los Angeles County and Orange County for numerous labor violations that have affected 960 workers. The investigation into these car washes revealed
In October and November of 2024, Washington Insurance Commissioner Mike Kreidler imposed fines amounting to $576,500 on various insurance entities, including PacificSource Health Plans, Delta Dental, and Lemonade Insurance Co., for breaching state insurance laws and regulations. This analysis
The insurance industry is witnessing a wave of strategic appointments aimed at bolstering leadership teams and driving growth in specialized sectors. Recent high-profile appointments at Generali Global Corporate & Commercial (GC&C) and the broker Miller highlight this trend. These moves are not
The recent lawsuit and settlement involving Texas property management companies—Castle Hills Master Association Inc., Bright Realty LLC, Bright Industries LLC, and Bright Executive Services LLC—have brought to light significant issues regarding disability discrimination. The U.S. Equal Employment
Aon's Climate Risk Monitor has been significantly enhanced through a collaboration with flood expert, Fathom, aimed at offering clients improved flood risk assessment capabilities. Initially launched in March, the Climate Risk Monitor enables clients to visualize and analyze their exposure to
The newly-announced Elevate Florida program, introduced at the Florida Chamber of Commerce Insurance Summit, is a comprehensive state-federal initiative aimed at mitigating flood risks and reducing insurance costs for homeowners. This program is designed to provide grants and low-interest loans to
Insurance fraud isn’t just a growing issue—it’s an evolving one. In 2024, fraudsters are leveraging advanced technologies like artificial intelligence and exploiting systemic vulnerabilities in the insurance industry, costing companies billions annually. From synthetic identity scams to
