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Tue, 22 Jun 2021 09:38:14 +0000
MILAN/PARIS/KUALA LUMPUR – Italy’s top insurer Generali has agreed to buy AXA’s insurance assets in Malaysia and take full ownership of a joint-venture it runs in the country to strengthen its local presence. The deals will turn Generali into the …
Tue, 22 Jun 2021 06:39:52 +0000
Louisiana parishes recovering from two hurricanes that struck last year are now in line to get a total of more than $176 million from the Federal Emergency Management Agency, Gov. John Bel Edwards said. Edwards discussed the funding at a …
Tue, 22 Jun 2021 05:00:42 +0000
Liberty Mutual Insurance Chairman and Chief Executive Officer David Long today announced key executive leadership appointments. “Today’s announcement marks an important chapter for the company. These new executive leadership appointments better positio...
Tue, 22 Jun 2021 05:00:42 +0000
The Chicago-based specialty wholesale brokerage Ryan Specialty Group has filed with the Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of up to $100 million. The number of shares to be offered and the price range …
Tue, 22 Jun 2021 05:00:37 +0000
Within weeks, it had all changed. As a pandemic spread and took root in an unprepared world, many organizations were finding out that their insurance policies would not cover the one event that had brought global business to a standstill …
Mon, 21 Jun 2021 15:38:03 +0000
A proposed constitutional amendment to allow recreational marijuana use in Florida won’t be on the 2022 ballot after the state Supreme Court ruled last week that the ballot language was misleading. The court, in a 5-2 decision, said proposed ballot …
Mon, 21 Jun 2021 15:12:31 +0000
Crum & Forster Adds Srygley in Captives, Gig Economy Roles Further strengthening its Captive Solutions and Sharing (Gig) Economy practices, Crum & Forster’s Accident & Health (A&H) Division has appointed C&F veteran Mark Srygley to help drive its effor...
Mon, 21 Jun 2021 15:07:23 +0000
COVID-19 vaccination rates for police and firefighting personnel in Los Angeles and prison employees across California are significantly lower than the state’s average for other adults, raising concerns among medical ethicists and public safety leaders...
Mon, 21 Jun 2021 15:04:37 +0000
Arizona Gov. Doug Ducey has signed a bill rushed through in a special legislative session that provides $100 million in funding this year to battle wildfires, react to the damage they cause and to create a new force of more …
Mon, 21 Jun 2021 15:01:49 +0000
A Black newspaper carrier confronted by Pierce County Sheriff Ed Troyer in Washingotn has filed a legal claim seeking at least $5 million in damages. Attorneys representing Sedrick Altheimer submitted the tort claim against the county on Tuesday, conte...
Mon, 21 Jun 2021 14:55:35 +0000
The owner of an offshore oilfield boat that overturned off Louisiana plans to use $25 million in insurance on the vessel to pay down part of the Texas company’s debts. Attorneys for families of men killed when the Seacor Power …
Mon, 21 Jun 2021 14:30:32 +0000
The U.S. Supreme Court on Monday handed a victory to Goldman Sachs Group Inc. in its bid to avoid an investor class action lawsuit accusing the bank of hiding conflicts of interest when creating risky subprime securities before the 2008 …
Mon, 21 Jun 2021 14:25:14 +0000
COLOMBO, Sri Lanka – The UN representative in Sri Lanka said the sinking of a container ship that caught fire while transporting chemicals off the capital Colombo has caused “a significant damage to the planet” by releasing hazardous substances into …
Mon, 21 Jun 2021 14:04:01 +0000
CFC, the London-based managing general agent, announced that CFC Syndicate 1988 is open for business. In addition to risk capital provided by CFC, the syndicate worked with Aon Capital Advisory to attract third-party capital support including a large p...
Mon, 21 Jun 2021 13:55:15 +0000
The U.S. Supreme Court on Monday declined to hear a bid by health insurance companies to seek a full reimbursement from the federal government under a provision of the Obamacare law aimed at encouraging them to offer medical coverage to …
Mon, 21 Jun 2021 13:41:00 +0000
LONDON – How people divide their working hours between home and office should develop naturally over time and not be forced into law, senior financial services industry officials said on Monday. Britain has indicated it may legislate to allow people …
Mon, 21 Jun 2021 12:30:49 +0000
A North Carolina sheriff’s office has agreed to a $6 million settlement in a lawsuit in which six families accused the department of a pattern of using excessive force doled out by deputies who had allegedly referred to themselves as …
Mon, 21 Jun 2021 12:22:06 +0000
A federal judge on Friday ruled for Florida in a lawsuit challenging a U.S. Centers for Disease Control and Prevention order making it difficult for cruise ships to resume sailing due to the coronavirus pandemic. U.S. District Judge Steven Merryday …
Mon, 21 Jun 2021 12:13:16 +0000
Severe thunderstorms tore through the Chicago area on Sunday night after the National Weather Service said a “confirmed large and extremely dangerous tornado” had touched down in a western suburb of the city, causing damage. Chicago-area utility Common...
Mon, 21 Jun 2021 12:12:56 +0000
PRAGUE — Czech utility CEZ said on Friday [June 18] it had found alternative insurance for its coal-fired power plants after two providers said they would stop covering them from next year as part of an industry drive to drop …
Mon, 21 Jun 2021 11:41:27 +0000
A man serving time for Maryland arsons is accused of starting fires in two Delaware beach towns last year. The Delaware Office of the State Fire Marshal announced Thursday that it has obtained warrants for Richard Lodeski of Wilmington for …
Mon, 21 Jun 2021 11:38:50 +0000
Officials at Vermont’s largest hospital are still trying to determine the full financial impact of the cyber attack last October that knocked out computers affecting three hospitals in Vermont and three in New York. Scheduling and patient medical recor...
Mon, 21 Jun 2021 11:31:30 +0000
Jun 20 2021— Forecasters warned of life-threatening flash flooding in parts of the Deep South, particularly across central Alabama, as Tropical Depression Claudette traveled over coastal states early Sunday. Heavy rain led to high water late Saturday...
Mon, 21 Jun 2021 11:29:50 +0000
The Native American tribe that owns Connecticut’s Mohegan Sun casino is suing its insurance carrier over what it says was the denial of claims for millions of dollars in losses caused by the COVID-19 pandemic. The Day in New London …
Mon, 21 Jun 2021 09:50:13 +0000
As insurance professionals prepare for mask-free life and opportunities to exchange ideas in person, industry leaders took the virtual stage again at a midyear conference, recounting industry lessons learned during the 15 months since COVID distancing ...
Mon, 21 Jun 2021 08:52:30 +0000
Lloyd’s announced the marketplace has secured a five-year £650 million ($897 million) reinsurance cover for its Central Fund—a move that aims to protect against adverse tail risk, while supporting growth and bolstering the market’s balance sheet. Th...
Mon, 21 Jun 2021 06:42:19 +0000
ISMAILIA, Egypt – The owners of a container ship that blocked the Suez Canal in March have made a new offer in a compensation dispute with the canal authority, and a court ruling on the case was postponed for two …
Mon, 21 Jun 2021 05:48:26 +0000
Citgo Petroleum Corp. of Houston has agreed to pay $19.7 million for environmental damage from a 2006 spill at a Louisiana refinery, the U.S. Department of Justice said. The agreement settles both state and federal environmental claims from the 2.2-mil...
Mon, 21 Jun 2021 05:40:03 +0000
Nebraska will pay out public assistance beyond what it normally offers to local governments hit by the 2019 floods, a state agency announced. The Nebraska Emergency Management Agency said Gov. Pete Ricketts has approved the payments for the state’s sha...
Mon, 21 Jun 2021 05:37:49 +0000
A parish council in Louisiana has approved a one-year moratorium on new development in part of its jurisdiction to address concerns about drainage following severe flash flooding in May. Iberville Parish Council unanimously voted on June 15 to halt the …