Banks are soft targets for regulators when it comes to money laundering scams and financing of terrorism. However, the insurance agencies are equally at risk! Often, insurance agencies are sued for noncompliance. That’s why the KYC process becomes pivotal. Let’s discuss the specifics of KYC for client verification in the context of insurance. Also, remember, … Read more
The Inter-American Development Bank (IDB) has announced plans to support Latin American and Caribbean nations in issuing catastrophe bonds and swaps, as part of a broader initiative aimed at strengthening financial resilience against natural disasters.This comes as the IDB recently launched its Ready and Resilient Americas program, a regional effort designed to improve disaster preparedness … Read more
The U.S. Equal Employment Opportunity Commission (EEOC) sued R&L Carriers Shared Services, LLC, a freight transportation and logistics company, to enforce a subpoena that the EEOC issued during their investigation of a sex and pregnancy discrimination charge, the federal agency announced today. The EEOC is investigating a charge of discrimination filed by a driver working … Read more
You need enough high-value homeowners insurance to cover your home and belongings and enough liability insurance to properly cover your assets if you’re sued. Home insurance companies can estimate your house’s replacement value, which you’ll use to select your dwelling coverage limit. This covers the structure of the house. Your dwelling coverage also influences your … Read more
The average return of UCITS catastrophe bond fund strategies was 1.38% for the first-quarter of 2025, according to the Plenum CAT Bond UCITS Fund Indices. But lower-risk cat bond funds led the way by averaging 1.50% for the period as a group, as they generally had less exposure to the California wildfire cat bond mark-downs.March … Read more