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News – Insurance Journal
Greensill Capital Files for UK Insolvency After Losing Investor Funding, Insurance Cover
LONDON – Greensill Capital filed for insolvency on Monday, its administrators said, days after losing investor funding and insurance coverage for its supply chain financing business. Grant Thornton said in a statement that three members of its restructuring team had …
POSTED MARCH 08, 2021 5:44 PM |
Marsh Appoints Aon’s Bryant as U.S. Public Entity Industry Practice Leader
Marsh has added Kevin Bryant to lead its National Public Entity Industry Practice. In this role, Bryant will work with state and local government and not-for-profit clients across the U.S., offering public sector expertise, insights, and transactional services. Bryant joins …
POSTED MARCH 08, 2021 5:39 PM |
Fitch Sees 2020’s Personal Auto Insurer Profits as Unsustainable
Highly profitable sub-90 personal auto combined ratios recorded by 10 publicly traded property/casualty insurers in 2020 don’t look anything like the 106 recorded in 2016. But they’re headed in that direction, Fitch Ratings analysts suggest. Competitive pricing forces and a …
POSTED MARCH 08, 2021 5:30 PM |
Detroit Mayor Turning Down J&J Vaccine over Others
Detroit has down 6,200 doses of the newly authorized Johnson & Johnson coronavirus vaccine, favoring shots from Pfizer and Moderna, but said Friday it will accept J&J doses in the state’s next allocation. Mayor Mike Duggan had said Thursday that …
POSTED MARCH 08, 2021 5:21 PM |
Fired Arizona Aide Seeks $500K in Harassment Case
An aide who was fired by Republican state Sen. Wendy Rogers on Wednesday filed a $500,000 claim against the state for wrongful termination and harassment he says were caused by the senator. The claim is a required step before Michael …
POSTED MARCH 08, 2021 5:18 PM |
Swiss Re Forms Strategic Partnership with Satellite Operator and Flood Monitor, ICEYE
Swiss Re has entered into a strategic partnership with ICEYE, a commercial satellite operator and satellite-based flood monitoring provider. Building on ICEYE’s innovative technology, the partnership will advance flood risk management, assist disaster response and speed up claims’ payments globally …
POSTED MARCH 08, 2021 4:29 PM |
Washington Restaurant Paying $600K To Settle Suit
The Willows Inn, a nationally acclaimed restaurant on Lummi Island in Washington that has been accused of underpaying its employees, has agreed to pay $600,000 to settle a class-action lawsuit over wage theft accusations. As part of the preliminary settlement, …
POSTED MARCH 08, 2021 3:33 PM |
Natural Gas Explosion Near Houston Inures Several Workers
Seven people were injured in a natural gas explosion near Houston, including one person who was flown to a hospital for treatment, officials said. Workers for Comcast struck a gas line while working in Klein on Friday, news outlets reported. …
POSTED MARCH 08, 2021 3:29 PM |
Sinkholes Emerge After Croatia’s Deadly Earthquake in December
MECENCANI, Croatia – After the deadly earthquake came the sinkholes. A central Croatian region about 40 kilometers (25 miles) southwest of the capital, Zagreb, is pocked with round holes of all sizes, which appeared after December’s 6.4-magnitude quake that killed …
POSTED MARCH 08, 2021 2:49 PM |
Howden Broking Buys Independent Superyacht Broker Sturge Taylor
Howden Broking announced that it has acquired independent superyacht insurance broker Sturge Taylor & Associates (STA Group). STA Group will become part of Howden and will operate under the new trading name Howden Sturge. This acquisition further underlines Howden’s drive …
POSTED MARCH 08, 2021 2:20 PM |
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