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24 05, 2021

15 Military Families in Washington Sue Private Company Over Housing Conditions

By | May 24th, 2021|Uncategorized|Comments Off on 15 Military Families in Washington Sue Private Company Over Housing Conditions

Fifteen military families have filed a lawsuit against a private company that manages housing at Joint Base Lewis-McChord in Washington over living conditions they say caused property damage and health problems. The 51 plaintiffs filed the lawsuit earlier this month …

24 05, 2021

Family Sues After Police in Hawaii over Fatal Shooting of 16-Year-Old

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The family of a 16-year-old boy fatally shot by Honolulu police last month sued the city and unidentified police officers on Friday, alleging negligence, assault and battery. The lawsuit filed by Akiwine Sykap, grandmother and legal guardian of Iremamber Sykap, …

24 05, 2021

Oregon Among Blue States Slow to Lift Virus Restrictions

By | May 24th, 2021|Uncategorized|Comments Off on Oregon Among Blue States Slow to Lift Virus Restrictions

The sand was packed on a recent sunny day at this upscale beach town on Oregon’s coast, but signs of the state’s cautious approach to the pandemic were still everywhere. Almost all the beachgoers wore masks – those that didn’t …

24 05, 2021

People Moves: Deloitte’s McIlquham to Acrisure; UIB’s Kassali to Willis Re; Peak Re’s Cheng to Acacia, Scope to Corant

By | May 24th, 2021|Uncategorized|Comments Off on People Moves: Deloitte’s McIlquham to Acrisure; UIB’s Kassali to Willis Re; Peak Re’s Cheng to Acacia, Scope to Corant

This wrap-up of international People Moves details recent appointments at broker Acrisure; Willis Re; reinsurance investment firm Acacia Holdings Ltd., and Corant Global. A summary of these new hires follows here. Acrisure, the London-based insurance broker and fintech financial services …

21 05, 2021

Africa Specialty Risks Launches Mauritius Reinsurer, Backed by PE Firm Helios

By | May 21st, 2021|Uncategorized|Comments Off on Africa Specialty Risks Launches Mauritius Reinsurer, Backed by PE Firm Helios

Africa Specialty Risks (ASR), a reinsurance managing general agent focused on the African corporate and specialty market, announced it has launched a fully capitalized and licensed reinsurer based in Mauritius. Alongside the reinsurer license, ASR has also been granted a …

21 05, 2021

Biden Executive Order Initiates Broad Strategy to Assess, Mitigate Climate Change Risks

By | May 21st, 2021|Uncategorized|Comments Off on Biden Executive Order Initiates Broad Strategy to Assess, Mitigate Climate Change Risks

President Joe Biden on Thursday directed federal agencies to assess and mitigate the increasing and serious risks that climate change poses to individuals, businesses, the federal government and the U.S. financial system, the White House said. Biden issued an executive …

21 05, 2021

Hackers of Irish Health Service Offer Decryption Key – for Ransom of $20M

By | May 21st, 2021|Uncategorized|Comments Off on Hackers of Irish Health Service Offer Decryption Key – for Ransom of $20M

A day after threatening to publicly release patient data, the hackers who targeted Ireland’s health service offered a decryption key that they said could be used to unlock computers infected with ransomware. While seeming to offer an olive branch — …

21 05, 2021

Canada Faces Mega-Hurricanes if Climate Change Pushes Storms North: Swiss Re Warns

By | May 21st, 2021|Uncategorized|Comments Off on Canada Faces Mega-Hurricanes if Climate Change Pushes Storms North: Swiss Re Warns

Climate change is making hurricanes bigger and stronger, and it may soon push them farther north. Yet Canada’s homeowners, businesses and insurers underestimate that escalating risk, according to one of the world’s leading reinsurance firms. Overall, the northern nation has …

21 05, 2021

People Moves: Lockton Transactional Team; Marsh Counsel; Kemper Chairman; BMS Re CFO; AgriSompo North America

By | May 21st, 2021|Uncategorized|Comments Off on People Moves: Lockton Transactional Team; Marsh Counsel; Kemper Chairman; BMS Re CFO; AgriSompo North America

Lockton is bolstering its transaction liability team with key hires across the three transaction liability insurance product lines: Representations and Warranties Insurance, Tax Liability Insurance and Contingent Liability and Litigation Insurance. These hires come on the heels of Lockton’s addition …

21 05, 2021

AM Best Revises Outlook to Stable for Topa in California

By | May 21st, 2021|Uncategorized|Comments Off on AM Best Revises Outlook to Stable for Topa in California

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Topa Insurance Co. in Calabasas, Calif. and its subsidiary, Dorchester Insurance …