Asia-Pacific insurers rethink risk amid regulatory and cyber pressures

[ad_1] Vermont continues to refine its captive insurance laws, with proposed legislation in 2025 focusing on technical corrections and clarifications related to controlled-unaffiliated risk, conversions of captive insurance companies into protected cells, parametric contracts, and confidentiality.  [ad_2] Source link

[ad_1] Committee chair said he has no plans to reschedule the bills [ad_2] Source link

[ad_1] The Hilb Group, based in Richmond, Virginia, is a privately held insurance brokerage firm founded in 2009. The company provides property and casualty insurance, employee benefits, and retirement services to businesses and individuals across the United States. It employs over 2,200 people and operates more than 125 offices nationwide. [ad_2] Source link

[ad_1] The problem, Merlin argued, isn’t the existence of affiliated service providers – it’s the lack of transparency and oversight. “Managing general agents, service companies, reinsurers all have a proper place, and they can be affiliated,” he said. “But that’s why the transactions have to be audited.” [ad_2] Source link

[ad_1] The proposal was submitted by Green Century Capital Management Inc., on behalf of the Green Century Equity Fund. The group argued that many of Chubb’s industry peers, including Travelers, American International Group, and Hartford, have gone “beyond their legal disclosure obligations” to provide a more complete picture of their financed and insured emissions. [ad_2]…

[ad_1] The dispute began with a subcontract between Continental and US Framing to provide framing services for two student housing projects—one in Knoxville, Tennessee, and the other in Ann Arbor, Michigan. Work began in 2017, but disagreements quickly emerged over delays on the Knoxville project. In December 2017, the parties amended the subcontract, agreeing to…