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14 09, 2020

Ex-Iowa City Development Aide Gets Prison for Theft; Must Repay Nonprofit, Insurer

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The former office manager of the Iowa City Area Development Group was sentenced Friday to 27 months in prison for a 13-year theft scheme in which she misspent more than a half-million dollars, federal prosecutors said. Sheri Jelinek, 48, of …

11 09, 2020

Risk Strategies Acquires Philadelphia-Based Securitas Insurance Partners

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Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Securitas Insurance Partners LLC, a specialty brokerage focused on the retail insurance and risk management needs of venture capital and private equity backed portfolio companies. Terms …

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 as it churned across the Gulf of Mexico, the U.S. National Hurricane Center said. The second storm in less than …

11 09, 2020

Start of School in Hartford Delayed by Ransomware Attack

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One the worst cyberattacks yet against Connecticut’s capital city forced officials to postpone the first day of school Tuesday, disrupting the day for thousands of families as city computer experts rushed to restore systems vital for school operations. Hartford Mayor …

14 09, 2020

Oregon Employers Urged to Protect Workers by Avoiding Outdoor Work

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Oregon workplace and public health officials are urging employers to stop or delay outdoor work activity where they can and take other reasonable steps to protect workers when air quality reaches the “unhealthy” zone, or worse. Employers are responsible for …

11 09, 2020

Governor Cuomo Clears Way for Indoor Dining to Resume in New York City

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New York City restaurants can resume indoor dining on Sept. 30 at 25% capacity with temperature checks for customers and other restrictions, Governor Andrew Cuomo said Wednesday. Cuomo said all customers will undergo temperature checks at the door and one …

14 09, 2020

Reinsurance Sector ‘Stable’ Despite Major Headwinds: AM Best

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The tailwinds propelling the global reinsurance sector are sufficient impetus for the ratings agency AM Best to retain its stable outlook for the reinsurance industry, despite multiple challenges. During a virtual press briefing on Sunday, the ratings agency described the …

11 09, 2020

Facebook Going to Court in Ireland to Salvage Its EU to U.S. Data Transfer Practices

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Facebook Inc. launched legal action on Friday against Ireland’s Data Protection Commission in an attempt to halt a proposed order that could stop the company from transferring data from the European Union to the United States. The U.S. social media …

14 09, 2020

Data About 200K Nevada University Alumni, Donors May Have Been Stolen

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University of Nevada, Reno alumni and donors may have had their information stolen in a data breach that occurred in May, university officials said. The school was told of the breach on July 16 by Blackbaud, a third-party fundraising technology …

11 09, 2020

Lloyd’s Underlying Underwriting Results See ‘Huge Improvement’ Despite COVID Losses

By | September 11th, 2020|Uncategorized|Comments Off on Lloyd’s Underlying Underwriting Results See ‘Huge Improvement’ Despite COVID Losses

While Lloyd’s overall results in the second half were hit by £2.4 billion ($3.12 billion) of COVID-19 claims, the market’s underlying underwriting performance saw a “huge improvement,” which Chief Executive Officer John Neal said is a “real testament to the …