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4 05, 2021

Core Specialty, DUAL to Offer Primary, Excess Professional Liability Coverage

By | May 4th, 2021|Uncategorized|Comments Off on Core Specialty, DUAL to Offer Primary, Excess Professional Liability Coverage

Core Specialty Insurance Holdings, Inc. and its subsidiaries has formed an underwriting arrangement with DUAL Commercial, LLC to provide primary and excess professional liability limits for qualified classes of business. DUAL is a specialty program manager specializing in the property, …

4 05, 2021

Storm That Damaged 32 Homes in Tennessee Was Tornado

By | May 4th, 2021|Uncategorized|Comments Off on Storm That Damaged 32 Homes in Tennessee Was Tornado

The National Weather Services said a violent storm that damaged more than 30 homes in Tennessee last week was an EF-1 tornado, The Paris Post-Intelligencer reported. No deaths and only one minor injury were reported from the tornado that cut …

3 05, 2021

Fidelity Slashes Valuation of Restructured Ant Group of China

By | May 3rd, 2021|Uncategorized|Comments Off on Fidelity Slashes Valuation of Restructured Ant Group of China

U.S. asset manager Fidelity Investments has cut its valuation of Chinese financial technology giant Ant Group in half in its latest filings assessing the worth of the shares its funds hold in the group, the Wall Street Journal reported. The …

3 05, 2021

Chinese Insurtech Waterdrop Seeks $360M in New York IPO

By | May 3rd, 2021|Uncategorized|Comments Off on Chinese Insurtech Waterdrop Seeks $360M in New York IPO

HONG KONG — Chinese online insurance technology firm Waterdrop Inc. aims to raise up to $360 million in an initial public offering on the New York Stock Exchange, company filings show. Waterdrop, which is backed by Tencent, will sell 30 …

3 05, 2021

Buffett Extols U.S. Economic Recovery, Laments SPACs, Shrugs Off Tax Hike

By | May 3rd, 2021|Uncategorized|Comments Off on Buffett Extols U.S. Economic Recovery, Laments SPACs, Shrugs Off Tax Hike

Warren Buffett said on Saturday that Berkshire Hathaway Inc. is being lifted by a U.S. economy faring far better than he predicted early in the coronavirus pandemic, though investor euphoria is making it hard to deploy cash. Speaking at Berkshire’s …

3 05, 2021

West Virginia’s Billion-Dollar Trial Against Opioid Distributors Gets Underway

By | May 3rd, 2021|Uncategorized|Comments Off on West Virginia’s Billion-Dollar Trial Against Opioid Distributors Gets Underway

The three largest U.S. drug distributors, who are accused of helping fuel the opioid crisis that has resulted in nearly 500,000 overdose deaths in the United States, will defend themselves in a trial that kicks off on Monday. The trial …

3 05, 2021

Buffett Says Non-Insurance Executive Abel Is His Likely Successor

By | May 3rd, 2021|Uncategorized|Comments Off on Buffett Says Non-Insurance Executive Abel Is His Likely Successor

Warren Buffett ended long-running speculation about his successor at Berkshire Hathaway Inc by saying Greg Abel, who oversees the conglomerate’s non-insurance businesses, would be named chief executive if he were to step down. Buffett, 90, told CNBC that “the directors …

3 05, 2021

People Moves: Argo’s Grange Joins B&B’s Programs; Bridge Names Zurich’s Batta; Liberty Mutual Promotes Rhodes in Claims

By | May 3rd, 2021|Uncategorized|Comments Off on People Moves: Argo’s Grange Joins B&B’s Programs; Bridge Names Zurich’s Batta; Liberty Mutual Promotes Rhodes in Claims

Grange Replaces Heath at B&B’s National Programs Unit Jeff Grange has been named president of Tampa Programs, part of Brown & Brown National Programs, which includes the Dental Protector Plan, Lawyers Protector Plan, Protector Plans for optometrists and physicians, and …

3 05, 2021

Fire at Rehoboth Beach Restaurant Causes $500K Damages

By | May 3rd, 2021|Uncategorized|Comments Off on Fire at Rehoboth Beach Restaurant Causes $500K Damages

Fire marshals are investigating the cause of a restaurant fire in Rehoboth Beach that caused half a million dollars in damage. The Delaware Office of the State Fire Marshal said the blaze started around 2 a.m. Saturday at Shrimpy’s Pub …

3 05, 2021

Baltimore County to Pay $1.1M to Settle Church’s Religious Bias Claims

By | May 3rd, 2021|Uncategorized|Comments Off on Baltimore County to Pay $1.1M to Settle Church’s Religious Bias Claims

Baltimore County has agreed to pay $1.1 million to resolve a religious discrimination lawsuit over a county board’s denial of a church’s expansion plan. The Baltimore Sun reports that the county and Hunt Valley Baptist Church reached the March 31 …