September 28, 2021
Tue, 28 Sep 2021 07:36:50 +0000
CHICAGO (AP) — Austin Moody wanted to apply his cyber-security skills in his home state of Michigan, teaming up with investigators for the State Police to analyze evidence and track down criminals. But the recent graduate set the idea aside …
Tue, 28 Sep 2021 07:23:18 +0000
A group of 21 state attorneys general, the District of Columbia, and several major U.S. cities urged the Biden administration to finalize significantly stricter vehicle emissions rules than it has proposed. The U.S. Environmental Protection Agency (EPA...
Tue, 28 Sep 2021 07:00:11 +0000
Leaders on one of Georgia’s most popular coastal islands are considering letting developers build closer to sand dunes. The Brunswick News reports that a planning commission that governs construction on St. Simons Island is discussing reducing the requ...
Tue, 28 Sep 2021 06:30:16 +0000
Alliant Alliant continues has added to its Absence, Disability, and Life team, hiring Brian Shaw as First Vice President. The Atlanta-based benefits consultant joins Alliant’s Employees Benefits Groupand will serve a diverse base of clients throughout ...
Tue, 28 Sep 2021 06:00:42 +0000
Australian insurance startup Cover Genius Pty Ltd. boosted its valuation to A$1 billion ($729 million), after raising A$100 million [$72.8 million] from investors including G Squared and Japanese insurer Sompo Holdings Inc. The proceeds — about seven t...
Tue, 28 Sep 2021 06:00:19 +0000
Allianz SE is in advanced talks to transfer a block of Swiss life insurance assets to Resolution Life, people with knowledge of the matter said, a move that could free up regulatory capital as Europe’s largest insurer prepares for the …
Tue, 28 Sep 2021 05:45:51 +0000
Accountancy firm Grant Thornton has been fined for its audit of Patisserie Valerie, the British cafe chain that collapsed in 2018, throwing 900 people out of a job and triggering a separate fraud investigation into accounting irregularities. The Financ...
Tue, 28 Sep 2021 05:45:17 +0000
Investors in insurance-linked securities are leaning toward structured catastrophe bonds rather than broader ILS instruments to steer away from unexpected losses from secondary perils. At the same time, catastrophe bond investors are accepting lower yi...
Tue, 28 Sep 2021 05:35:41 +0000
The United Nations Development Programme has launched an initiative to help governments and the private sector in developing countries provide insurance for crises such as pandemics and natural catastrophes, it said on Monday. Disaster recovery costs t...
Mon, 27 Sep 2021 23:15:37 +0000
Gas utility Southern California Gas (SoCalGas), a unit of Sempra Energy, said on Monday it has reached agreements that are expected to resolve substantially all civil litigation related to a 2015 natural gas storage facility leak. As a result of …
Mon, 27 Sep 2021 19:49:14 +0000
The board of Assicurazioni Generali on Monday threw its weight behind the reappointment of Chief Executive Philippe Donnet, overlooking opposition from two leading shareholders in Italy’s top insurer, two people close to the matter said. Donnet’s fate ...
Mon, 27 Sep 2021 18:18:08 +0000
The J. Morey Company Inc. Insurance Agents & Brokers has merged with Alliance 360° Insurance Solutions, based in Cypress, Calif. Terms of the deal, which is effective June 1, were not disclosed. The two companies will continue to operate under …
Mon, 27 Sep 2021 16:17:46 +0000
President Joe Biden plans in coming days to shore up one of the most consequential environmental regulations in history by moving to restore the legal foundation for limits on mercury pollution from power plants. Restrictions on mercury, imposed by the …
Mon, 27 Sep 2021 16:05:52 +0000
A federal judge on Sept. 24 ruled that a Cincinnati, Ohio-area healthcare provider could require its employees get vaccinated against COVID-19 or risk losing their job, in what appears to be the first ruling of its kind for a private …
Mon, 27 Sep 2021 16:00:55 +0000
Hurricane Ida’s winds and floods did at least $584 million in damage to agriculture in Louisiana, experts at the LSU AgCenter estimate. More than half of that — $315.9 million — is timber damage, with another $207 million, or 35% …
Mon, 27 Sep 2021 15:56:33 +0000
Federal officials made more than two dozen recommendations aimed at further safeguarding power plants and natural gas supplies to prevent a repeat of the February blackouts that caused more than 200 deaths in Texas. Staff at the Federal Energy Regulato...
Mon, 27 Sep 2021 15:51:05 +0000
A fatal head-on crash between barges pushed by two towboats in Louisiana was caused by inadequate communication and failure to broadcast their total sizes, the National Transportation Safety Board says. The RC Creppel overturned and sank after the coll...
Mon, 27 Sep 2021 15:45:57 +0000
A federal lawsuit alleges women working at a Nebraska railyard were subjected to sexual harassment and managers failed to do anything about it, in violation of federal law. BNSF Railway Company (BNSF), a major North American freight transportation comp...
Mon, 27 Sep 2021 15:42:14 +0000
A Chicago suburb will pay $275,000 to a former police officer who says colleagues discriminated against him because of his Assyrian and Iraqi heritage. Anfiny J. Eshoo sued the village of Arlington Heights last year, saying he was subjected to …
Mon, 27 Sep 2021 14:48:24 +0000
Mexican startup Super, which offers coverage for earthquake property damages, plans to expand into hurricane insurance and possibly raise a fresh funding round next year, according to chief executive officer and founder Sebastian Villarreal. The compan...
Mon, 27 Sep 2021 14:22:51 +0000
New York State Department of Financial Services (DFS) Acting Superintendent Adrienne A. Harris announced new consumer protections in New York’s public adjusters regulation, which will become effective October 8. The protections help insureds by clearly...
Mon, 27 Sep 2021 14:15:45 +0000
A Wallingford, Connecticut, woman was arrested and charged with illegally collecting workers’ compensation benefits while being employed as a teacher for the City of Bristol Board of Education. Ann Marie Barros was arrested by inspectors from the Worke...
Mon, 27 Sep 2021 14:07:00 +0000
Liz Sawyer called Manville, New Jersey, home for more than two decades when Ida became the latest storm to send flood waters crashing into her house. For her and her family it will – she hopes – be the last …
Mon, 27 Sep 2021 13:42:21 +0000
SiriusPoint Names Zurich’s Charles as Head of Americas P/C Insurance SiriusPoint Ltd., the Bermuda-based global specialty insurer and reinsurer, announced that Patrick Charles has joined the company as head of Americas Property and Casualty (P/C) Insur...
Mon, 27 Sep 2021 12:52:01 +0000
A California moratorium guaranteeing insurance in wildfire-threatened areas lapsed Saturday, putting 347,000 homes in Pasadena and other Los Angeles foothills communities at the mercy of the market. As many as 2.4 million homes are at risk of losing pr...
Mon, 27 Sep 2021 12:28:58 +0000
United Airlines Inc is facing claims that it unlawfully denied religious and medical exemptions from a requirement that employees receive COVID-19 vaccines after allegedly making it difficult for workers to apply for them. Six United employees filed a ...
Mon, 27 Sep 2021 12:21:50 +0000
AXA XL’s Construction insurance team has launched a new schedule benchmarking service to strengthen their Subcontractor Default Insurance (SDI) clients’ risk management efforts. “The global pandemic has shined a light on the importance of strong projec...
Mon, 27 Sep 2021 12:16:47 +0000
SageSure, a tech-driven managing general underwriter focused on costal residential property markets, raised $125 million in bank financing meant to enable its continued growth plans. “SageSure has always been focused on protecting homeowners in the mos...
Mon, 27 Sep 2021 12:01:20 +0000
Generali Chief Executive Philippe Donnet’s future at Italy’s biggest insurer faces a key test on Monday at a meeting of its board to discuss putting him forward for reappointment in the face of opposition by two leading investors. With Donnet …
Mon, 27 Sep 2021 11:49:54 +0000
Many middle market companies are failing to use a key risk management resource: their insurance agents and brokers. According to a survey sponsored by insurer Chubb, only 15% of middle market companies rely heavily on an insurance agent or broker …