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20 09, 2021

California Issues 1-Year Moratorium on Homeowner Insurance Cancellations And Non-Renewals

By | September 20th, 2021|Uncategorized|Comments Off on California Issues 1-Year Moratorium on Homeowner Insurance Cancellations And Non-Renewals

California Insurance Commissioner Ricardo Lara on Monday ordered insurance companies to preserve residential insurance coverage for more than 325,000 policyholders who have been affected by Northern California wildfires across 22 counties. Lara in early September issued similar orders following emergency …

21 09, 2021

Alabama Heavy Rain, Flash Flooding Causes One Fatality

By | September 21st, 2021|Uncategorized|Comments Off on Alabama Heavy Rain, Flash Flooding Causes One Fatality

Authorities on Sunday found the body of a man whose vehicle was overtaken by water during flash flooding in Tuscaloosa the day before. A spokeswoman for the Tuscaloosa police, Stephanie Taylor, told Al.com that the man’s body was found shortly …

8 09, 2021

People Moves: AIG CEO Zaffino Adds Chairman Role; C&F Names Sussman President of Credit; CRC’s Dadi Joins AXIS

By | September 8th, 2021|Uncategorized|Comments Off on People Moves: AIG CEO Zaffino Adds Chairman Role; C&F Names Sussman President of Credit; CRC’s Dadi Joins AXIS

AIG Zaffino Named Chairman as Duperreault to Retire American International Group announced that Peter Zaffino, president and chief executive officer, will assume the additional role of chairman of the board of directors, effective January 1, 2022. As previously announced, Brian …

8 09, 2021

People Moves: FM Global Names Broad, Johnson to New Roles; Koller Joins Amlin From Prudential

By | September 8th, 2021|Uncategorized|Comments Off on People Moves: FM Global Names Broad, Johnson to New Roles; Koller Joins Amlin From Prudential

FM Global Names New Chief Officers of Underwriting and Client Experience FM Global, the Johnston, R.I.-based commercial property insurer, has promoted two of its senior leaders into new roles. Lyndon D. Broad has been appointed senior vice president, chief underwriting …

8 09, 2021

California Lawmakers Vote to Limit Secret Settlements

By | September 8th, 2021|Uncategorized|Comments Off on California Lawmakers Vote to Limit Secret Settlements

The California Legislature voted to guarantee people can call out their bosses publicly in most harassment and discrimination cases. When companies settle complaints filed by their employees, the agreements often include a provision barring the employee from disparaging the company …

8 09, 2021

Employers Watching Cases of Colleges, Teachers with Disabilities Over Remote Work

By | September 8th, 2021|Uncategorized|Comments Off on Employers Watching Cases of Colleges, Teachers with Disabilities Over Remote Work

A legal battle is brewing over remote work between administrators at U.S. colleges committed to in-person classes and some faculty with disabilities. Experts warn it is a precursor of what awaits employers that order staff back to the office amid …

8 09, 2021

Hub Acquires Assets of Illinois’ McNellis Insurance

By | September 8th, 2021|Uncategorized|Comments Off on Hub Acquires Assets of Illinois’ McNellis Insurance

Chicago-based insurance brokerage and financial services firm, Hub International Limited (Hub), acquired the assets of McNellis & Company Inc. (McNellis Insurance), located in Evergreen Park, Illinois. Terms of the transaction were not disclosed. McNellis Insurance is an independent insurance agency …

8 09, 2021

Credit Suisse Begins Filing Insurance Claims Over Greensill-Linked Funds

By | September 8th, 2021|Uncategorized|Comments Off on Credit Suisse Begins Filing Insurance Claims Over Greensill-Linked Funds

A first insurance claim has been filed and more are being prepared in Credit Suisse’s efforts to recover funds from its insolvent supply chain finance linked to Greensill, the Swiss bank said on Tuesday. The collapse of Credit Suisse’s $10 …

8 09, 2021

Judge Rules Boeing Directors Must Face Shareholder Claims Over 737 MAX

By | September 8th, 2021|Uncategorized|Comments Off on Judge Rules Boeing Directors Must Face Shareholder Claims Over 737 MAX

A Delaware judge ruled on Tuesday that Boeing’s board of directors must face a lawsuit from shareholders over two fatal 737 MAX crashes that killed 346 people in less than six months. Vice Chancellor Morgan Zurn ruled Boeing stockholders may …

8 09, 2021

Marshmallow, Black-Founded Insurtech, Is Now a Unicorn

By | September 8th, 2021|Uncategorized|Comments Off on Marshmallow, Black-Founded Insurtech, Is Now a Unicorn

Digital motor insurer Marshmallow has raised $85 million from investors, valuing it at more than $1.25 billion and making it the first British Black-founded unicorn, the company said on Wednesday. The early-stage funding round was backed by venture capital firm …