Officials in the northwest Alabama city of Guin have dropped a lawsuit against chemical giant 3M that alleged chemicals from its manufacturing plant had entered a creek that supplies drinking water to the community. The Guin Water works & Sewer …
Swiss Re announced further streamlining of the legal entity structure of the group. Following the announcement on June 19, 2020 that the Life Capital Business Unit will be disbanded, Swiss Re also intends to reorganize the legal entity structure of …
Reliance Global Group Inc. has acquired the assets of UIS Agency LLC, a Thiells, N.Y.-based insurance agency serving the commercial transportation industry. Reliance Global Group CEO Ezra Beyman said in a company press release that UIS will compliment Reliance’s existing …
A shooter opened fire and wounded two people outside a Connecticut business Tuesday and was taken into custody at gunpoint on a highway in Massachusetts, police said. Both victims were treated at a hospital and discharged. Authorities identified the alleged …
More organizations are using captives for insurance protection and financial flexibility in response to today’s risk and insurance landscape. In its 2020 captive report, insurance broker Marsh says that that tightening global insurance market conditions throughout 2019 led to higher …
The National Association of Mutual Insurance Companies welcomed its new chairman – Robert Zak, president and chief executive officer of Merchants Mutual Insurance Co. – this week during its all-virtual 125th annual convention. Zak, a 35-year mutual insurance industry veteran, …
China’s Ant Group plans to raise about half of its $35 billion dual listing via the Hong Kong leg, without setting up a cornerstone tranche and betting on strong demand from institutional investors even without lock-up commitments, sources said. Backed …
Hong Kong-based Peak Re announced the appointment of Andrew Souter as director of markets responsible for developing the company’s property/casualty reinsurance business. Souter brings with him 18 years of experience in the finance industry. He joins Peak Re from Pioneer …
Several Oregon businesses have threatened a class action lawsuit against the state over COVID-19 restrictions implemented by Gov. Kate Brown to slow the pandemic. A lawyer representing the businesses argues that Oregon officials should draft a plan to compensate small …
New Mexico State Police have reached a $300,000 settlement with a disabled woman who accused an officer of grabbing and handcuffing her after she refused to provide ID in 2016. Jessica Guttman claimed in her 2018 lawsuit that she and …