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What are boards missing beyond risk reports?
[ad_1] Sexton outlined the internal factors boards must watch, including “changes to products, services or geographic footprint,” “rapid growth that creates new, large exposures” and “key person turnover or increased turnover across the firm.” External factors, he said, include “macroeconomic shocks,” “legal, regulatory or political environment” and “disruptive technologies.” [ad_2] Source link

New York to toughen up laws to make up for weakened CFPB
[ad_1] New bill aimed at insurers, others launched by AG Letitia James [ad_2] Source link

XL Specialty Insurance pursues shipping giants for $1.6 million pharma cargo loss
[ad_1] According to the complaint, the cargo was loaded in good order and condition at Nhava Sheva and Hyderabad, India, and was intended for delivery in Savannah, Georgia, and Memphis, Tennessee. On or about August 28, 2024, the complaint states, numerous containers and their cargoes fell overboard from the M/V MSC ANTONIA and were lost…

Understanding the supply chain weak links that put businesses at risk
[ad_1] “Focus on ways to recover mission critical operations in the event of a disruption,” Eskins added. “Use tabletop exercises, vendor assessments, and case studies to help determine what the right defense and recovery measures should be. Establish robust processes and policies, so that everyone knows what they should be doing day-to-day and when a…

Marsh McLennan reports solid Q1 2025 performance
[ad_1] Insurance broking unit Marsh posted standout results with revenue of $3.5 billion, up 15% overall and 5% on an underlying basis. Regional growth was led by Latin America (+8% underlying), followed by EMEA (+6%), Asia Pacific (+4%), and the US/Canada (+4%). [ad_2] Source link

Markel reports lower Q1 results
[ad_1] Equity market movements and wildfires cause challenges [ad_2] Source link