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2 06, 2021

Pennsylvania Property Owners Encouraged to Purchase Flood Insurance

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Pennsylvania Insurance Commissioner Jessica Altman is urging property owners to consider purchasing flood insurance to protect their homes, businesses and possessions. For many Pennsylvanians, extreme weather, including flooding caused by hurricanes and severe thunderstorms, can be a common occurrence throughout …

2 06, 2021

Firetruck Crashes into Philadelphia Building, Leaving Five Injured

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Four firefighters and one civilian were injured Thursday when a Philadelphia Fire Department firetruck crashed into a building after a collision with another vehicle. The firetruck had left a nearby fire station and had its lights and siren on as …

2 06, 2021

Chasing Yield, Private Equity Firms Nudge Up Risk on Insurers: Analysis

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Private equity firms have spent nearly $40 billion buying U.S. insurance companies in recent years, promising to earn higher returns on the mountains of money that insurers set aside to pay policyholders years or decades from now. The firms are …

2 06, 2021

People Moves: Aon’s Bonner to TigerRisk; Trivitt Promoted at AXIS, RSA’s Birre Julvécourt to BHSI in France

By | June 2nd, 2021|Uncategorized|Comments Off on People Moves: Aon’s Bonner to TigerRisk; Trivitt Promoted at AXIS, RSA’s Birre Julvécourt to BHSI in France

This wrap-up of international People Moves details recent appointments at TigerRisk Partners (which is launching a global trade credit, surety and political risk business); AXIS Insurance, and Berkshire Hathaway Specialty Insurance (which has launched a full line of marine insurance …

1 06, 2021

Tesla Loses Top Safety Rankings From IIHS, Consumer Reports

By | June 1st, 2021|Uncategorized|Comments Off on Tesla Loses Top Safety Rankings From IIHS, Consumer Reports

Two key groups that offer automobile safety ratings are yanking their top endorsements from some Tesla vehicles because the company has stopped using radar on its safety systems. Consumer Reports pulled its “Top Pick” status for Tesla’s Model 3 and …

2 06, 2021

Michigan’s Top Court: Utility Not Liable in Tree Trimmer’s Death

By | June 2nd, 2021|Uncategorized|Comments Off on Michigan’s Top Court: Utility Not Liable in Tree Trimmer’s Death

A city-owned utility in Traverse City, Michigan, can’t be held responsible for the death of a tree trimmer who had contact with a power line. The Michigan Supreme Court has turned down an appeal from Zachary Adams’ family, which means …

1 06, 2021

Generali Launches $1.4 Billion Bid to Buy Remaining Shares of Italy Rival Cattolica

By | June 1st, 2021|Uncategorized|Comments Off on Generali Launches $1.4 Billion Bid to Buy Remaining Shares of Italy Rival Cattolica

Italy’s largest insurer Assicurazioni Generali SpA launched a 1.2 billion-euro ($1.4 billion) bid to buy all the shares it doesn’t already own in smaller rival Societa Cattolica di Assicurazioni, as part of a strategy to cement its already-commanding presence in …

2 06, 2021

Fire Damages at Least 17 Semitrailers at Illinois Truck Facility

By | June 2nd, 2021|Uncategorized|Comments Off on Fire Damages at Least 17 Semitrailers at Illinois Truck Facility

A fire at a Chicago-area truck service facility has damaged at least 17 semitrailers. The blaze at KDM Truck Service in Addison was reported about 10:30 p.m. on May 31, according to WLS-TV. Two semitrailers initially were reported to be …

1 06, 2021

FEMA Approves More Flood Aid for 22 Kentucky Counties

By | June 1st, 2021|Uncategorized|Comments Off on FEMA Approves More Flood Aid for 22 Kentucky Counties

Kentucky’s request for individual assistance for 22 additional counties hit by severe flooding has been approved by the Federal Emergency Management Agency, Gov. Andy Beshear said Friday. Assistance can include grants for temporary housing and home repairs, plus low-cost loans …

2 06, 2021

Michigan Grocery to Pay $30K to Settle Disability Discrimination Suit

By | June 2nd, 2021|Uncategorized|Comments Off on Michigan Grocery to Pay $30K to Settle Disability Discrimination Suit

A Michigan grocery store chain denied employee a reasonable accommodation and demoted him due to disability, federal authorities say. The U.S. Equal Employment Opportunity Commission (EEOC) said Meijer Inc., a grocery store chain based in Grand Rapids, Mich., will pay …