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16 04, 2021

Ohio Supreme and 8th Circuit Mull Whether COVID Can Cause Direct Physical Loss

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Two appellate courts took steps this week toward answering a key question that may seal the fate of some 1,500 lawsuits seeking insurance coverage for COVID-19-related business-interruption losses: Does the presence of the SARS-CoV-2 virus or civil orders issued because …

16 04, 2021

Wisconsin Supreme Court Rules Governor Can’t Limit Business Capacity

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The Wisconsin Supreme Court has ruled that Gov. Tony Evers’ administration does not have the authority to issue capacity limits on bars, restaurants and other businesses without the Legislature’s approval, a ruling that comes two weeks after the conservative-controlled court …

16 04, 2021

The Hilb Group Acquires McCartha, Cobb & Associates of South Carolina

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The Hilb Group, LLC has acquired South Carolina-based McCartha, Cobb & Associates, Inc. (MC). The transaction became effective on April 1, 2021. MC is an insurance agency, specializing in contract and commercial surety bonds to the construction industry. As part …

16 04, 2021

Mississippi Supreme Court Hears Arguments on Marijuana Program

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The Mississippi Supreme Court heard arguments Wednesday in a lawsuit that’s trying to block a voter-approved medical marijuana program by disputing how the issue got onto the ballot. Arguments were not about marijuana. Instead, they were about Mississippi’s initiative process. …

16 04, 2021

Zywave Acquires Risk Management Solutions Provider, Enquiron

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Insurance technology provider Zywave announced the acquisition of Boston-based Enquiron, a leading provider of risk management and consultative business solutions. Financial details of the acquisition were not disclosed. Founded in 1996, Enquiron serves more than 100 of the top P/C, …

16 04, 2021

Russian Spy Agency SVR Responsible for SolarWinds Hack: White House

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The White House said in a statement on Thursday that Russia’s foreign intelligence service, known as the SVR, was responsible for the SolarWinds hack, which led to the compromise of nine federal agencies and hundreds of private sector companies. Senior …

16 04, 2021

Ex-Allianz CFO Wemmer Plans to Form SPAC to Target Insurance Deals

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Dieter Wemmer, a veteran insurance executive who was chief financial officer at Allianz SE, is launching a blank-check company to target deals in the sector where he worked for more than three decades, people familiar with the matter said. Wemmer …

16 04, 2021

UK Space Industry Aims to Remove Dangerous Space Junk from Orbit

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A defunct satellite spent early April hurtling through space toward the body of an old rocket, threatening a collision that the European Union’s Space Surveillance and Tracking Consortium estimated could generate more than 4 million pieces of debris. In the …

16 04, 2021

City of London Hit Worse by Brexit than Expected: Study

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LONDON – Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion) in assets to hubs in the European Union due to Brexit, with more pain to come, a study from New Financial …

16 04, 2021

Many Climate Scientists Moving from Fieldwork to Jobs in Financial Services

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LONDON – Environmental scientist Laura Garcia Velez cut her teeth on projects to help Ethiopian farmers insure crops for drought and connect remote Colombian communities to the electricity grid before working for conservation campaigners WWF. Now she’s an analyst for …