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14 09, 2020

Update: Hurricane Sally Threatens U.S. Gulf Coast as ‘Rainmaker’

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Louisiana and Mississippi residents were under evacuation orders on Monday as Hurricane Sally churned across the Gulf of Mexico, strengthening to a hurricane ahead of expected landfall on Tuesday, the U.S. National Hurricane Center said. The second storm in less …

14 09, 2020

Slovenian Woman Sentenced for Cuting Off Her Hand for Insurance Payout

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A court in Slovenia on Friday sentenced a 22-year-old woman to two years in prison for deliberately cutting off her hand with a circular saw to make a fraudulent insurance claim. The district court in Ljubljana said Julija Adlesic agreed …

14 09, 2020

Michigan Auto Insurer Hagerty Adds Hunter as VP, Brand

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Hagerty, based in Traverse City, Mich., has added Laura Hunter to its Brand team as vice president of Brand Communications. Reporting to Soon Hagerty, senior vice president of Brand, Hunter oversee public relations, corporate citizenship and external communications. Hunter joins …

14 09, 2020

Guy Carpenter’s Riley to Join Lockton Re Aviation Practice in London

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Global reinsurance broker Lockton Re announced that Dominic Riley will be joining Lockton Re in London to lead the Aviation & Aerospace practice early next year. Riley was most recently part of the Aviation team at Guy Carpenter having joined …

14 09, 2020

Florida Bars Reopening at 50% Capacity

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Florida bars will be allowed to reopen at 50% capacity starting Monday, state officials announced Thursday. At the direction of Gov. Ron DeSantis, Florida Department of Business and Professional Regulation Secretary Halsey Beshears issued an emergency order rescinding a previous …

14 09, 2020

Reinsurers Enter January Renewals, Focusing on Underwriting Discipline: Carpenter, Aon

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Economic uncertainty and volatility, in combination with COVID-19-related losses, is leading to a heightened level of cautiousness among property reinsurers unless pricing and terms and conditions meet specific thresholds, according to Lara Mowery, global head of distribution, Guy Carpenter. For …

14 09, 2020

Officials Investigate Collapse of Atlanta Parking Deck that Injured 6 Workers

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A section of concrete on a parking deck under construction in Atlanta partially collapsed on Friday, injuring six workers. Atlanta Fire Rescue Deputy Chief Glen Riley said firefighters cut out one worker trapped under debris with saws. Video from news …

14 09, 2020

Lloyd’s Names Blackboard’s Schoberth to New U.S. Market Development Position

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Lloyd’s of London has appointed Uwe Schoberth as U.S. market development director, a new role focused on expanding its strategic relationships with retail, wholesale and reinsurance brokers in its largest market. In collaboration with Lloyd’s business development teams in London …

14 09, 2020

NHC: Tropical Storm Sally Strengthens to Hurricane

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Louisiana and Mississippi residents were under evacuation orders on Monday as former Tropical Storm Sally strengthened to a hurricane status and churned across the Gulf of Mexico, the U.S. National Hurricane Center said. The second storm in less than a …

14 09, 2020

Why the Coronavirus Recession Is Not Like the Last Recession

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Judith Ramirez received a letter this month that she’d been dreading: The Honolulu hotel that furloughed her from a housekeeping job in March, during the lockdown triggered by the coronavirus pandemic, made her layoff permanent. Ramirez, 40, was originally told …