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13 04, 2021

MS Amlin Acquiring International Transportation Marine Agency in Arizona

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MS Amlin is acquiring managing general agency International Transportation and Marine Office and its associated subsidiaries. Completion of the transaction is subject to customary closing conditions, including the receipt of regulatory approvals. Terms were not disclosed. The primary subsidiary International …

13 04, 2021

New Zealand Becomes 1st Country to Introduce Climate Change Law for Insurers, Banks

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New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate change James Shaw said on Tuesday. All banks …

13 04, 2021

Former Employee at W. Virginia Nonprofit Charged with Stealing $4.7M

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A former employee of a West Virginia nonprofit organization has been accused of embezzling more than $4.7 million in federal funds, according to court documents. Ruth Marie Phillips, 68, of Chesapeake, Ohio, was charged last week with stealing funds from …

13 04, 2021

Weak Tornado Confirmed in South Carolina from Weekend Storms

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The National Weather Service confirmed Sunday that a weak tornado hit near Moore in upstate South Carolina on Saturday. Surveyors say the EF-O tornado had top winds of 80 mph (130 kph) and a path of 1.1 miles (1.75 kilometers). …

13 04, 2021

U.S. Safety Agency Investigates Air Bags Made by Takata Successor Joyson

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The U.S. National Highway Traffic Safety Administration is investigating potentially faulty air bags made by Joyson Safety Systems, the successor to defunct manufacturer Takata Corp. that is at the center of one of the biggest recalls in history. The agency, …

13 04, 2021

China Forces Restructuring of Ant Group into Financial Holding Firm

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BEIJING – China has imposed a sweeping restructuring on Jack Ma’s Ant Group, the fintech conglomerate whose record $37 billion IPO was derailed by regulators in November, underscoring Beijing’s determination to rein in its internet giants. The overhaul, in the …

12 04, 2021

Pennsylvania Construction Firm Accused of Stealing $20M from Workers

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A major Pennsylvania construction contractor was charged Thursday with stealing tens of millions of dollars from its own workers by systematically violating state and federal prevailing wage laws on taxpayer-funded public infrastructure projects. Glenn O. Hawbaker Inc. of State College, …

12 04, 2021

High Street Insurance Partners Expands in Northeast with Three Acquisitions

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Huron Capital Partners LLC, a lower middle-market private equity platform, has announced that its full-service insurance brokerage platform, High Street Insurance Partners (HSIP), has acquired Hartzell Insurance Associates, NYAB Insurance and Perry & Carroll Insurance. HSIP, formed in August 2018 …

12 04, 2021

4 Washington Students Hurt in Bus Crash Awarded $1.4M

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A jury has awarded four former marching band students at the University of Washington more than $1.4 million after they were injured in a bus crash on their way to a football competition with rival Washington State University. Students Alexia …

12 04, 2021

$29.5M Award for Nevada Family in Allergic Reaction Case

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A jury has awarded $29.5 million to the family of a woman who was left brain damaged after being treated for a severe allergic reaction by an ambulance service in Las Vegas in 2013. Then-27-year-old Chantel Giacalone went into anaphylactic …