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Nuclear-Powered Cargo Ships Promise Cleaner Transport but Could Be Hard to Insure

by lpiccitto | Jun 18, 2025 | Uncategorized

The commercial shipping industry is chasing a novel carbon-free propulsion technology as it pursues a lofty climate goal: nuclear power. Shipping accounts for more planet-warming greenhouse gas emissions than Japan. The sector is responsible for 3% of all emissions...

China’s Financial Opening Up Offers Opportunities for Global Capital, Regulator Says

by lpiccitto | Jun 18, 2025 | Uncategorized

China’s financial opening up and rapidly growing consumer market benefit the country and provide better asset allocation opportunities for global capital, Li Yunze, the head of China’s financial regulator, said in Shanghai on Wednesday. Total assets under foreign...

Philadelphia Insurance Restores Limited Access But Major Outage Continues

by lpiccitto | Jun 18, 2025 | Uncategorized

Philadelphia Insurance Companies said it has been able to restore limited network access as it continues to deal with a network outage that has affected operations since June 9. “Employees across the country are beginning to regain access to key …

Viewpoint: Navigating Strategic Capital Options for Insurance Brokerages

by lpiccitto | Jun 18, 2025 | Uncategorized

The pathway to M&A activity/liquidity in the insurance brokerage industry traditionally has followed a common pattern: small to mid-sized brokers were either traded between financial sponsors or bolted onto a larger strategic partner with minimal friction. While...

Idaho Grocer to Pay $250K for Child Labor and Wage Violations

by lpiccitto | Jun 18, 2025 | Uncategorized

The U.S. Department of Labor (DOL) has reached an agreement with an Idaho grocery store requiring the employer to pay $250,833 in civil money penalties and $5,078 in back wages and damages—and take steps to ensure future compliance with federal …

People Moves: California Commissioner Names Insurance Diversity Task Force Leadership

by lpiccitto | Jun 18, 2025 | Uncategorized

California Insurance Commissioner Ricardo Lara named new leadership of the Insurance Diversity Task Force. The 15-member task force elected its newest chair to be Vikita Poindexter, CEO of Poindexter Consulting Group, and vice chair to be Dr. Fabiola Cobarrubias, CEO...
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