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5 03, 2021

Demotech: Investor Interest in Florida Will Diminish Without Legislative Action

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As the first insurer rating agency to review and rate independent, regional and specialty insurers, we have a unique understanding of niche markets and serve as a trusted resource to third parties seeking to utilize regional and specialty companies. The …

5 03, 2021

Report: Bias ‘Deeply Entrenched’ in North Carolina Police Force

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Racial bias is “deeply entrenched” within a North Carolina police department where officers feel comfortable making blatantly racist comments, according to findings of a study released last month. The report on the Apex Police Department by Raleigh-based Diversity & HR …

5 03, 2021

Greensill Downfall Began with Firing of Insurance Manager at Sydney Unit of Tokio Marine

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The debacle that led to the unraveling of Lex Greensill’s trade-finance empire began with the firing of a manager at a Sydney unit of insurance giant Tokio Marine Holdings Inc. last year. After the July 8 dismissal by Bond & …

5 03, 2021

Upstream Mine Tailings Dams Pose Higher Risks of Instability: Study

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The most widespread type of dam used to store mine waste is nearly twice as unstable as the average tailings facility, a global study showed on Friday, highlighting the risk of so-called “upstream” construction techniques that some countries have banned. …

5 03, 2021

Insurer Aviva Seeks New London Headquarters to Cut Post-Pandemic Office Footprint

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Aviva Plc is searching for a new City of London headquarters as the UK insurer prepares to slash its office footprint. The firm started looking for new offices in the financial district early last year, but shelved its plans once …

5 03, 2021

Largest Wholesale Broker, Amwins, to Acquire Rival Worldwide Facilities

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The largest wholesale insurance broker, Amwins Group, is getting even larger as it has has agreed to acquire Worldwide Facilities, the fourth-largest wholesale insurance broker in the U.S. The addition of Worldwide broadens Amwins’ specialty capabilities and expands its footprint, …

5 03, 2021

French Retailer Sued over Amazon Deforestation Linked to Cattle Raising

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PARIS – Environmental groups and indigenous activists from the Amazon region filed a lawsuit Wednesday in a French court alleging that France-based supermarket chain Groupe Casino is violating human rights and environment rules by selling beef linked to deforestation and …

5 03, 2021

World Insurance Associates Acquires C. Walter Searle Insurance Agency

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World Insurance Associates LLC (WIA) has acquired C. Walter Searle Insurance Agency LLC of Nutley, New Jersey, on February 1, 2021. Terms of the transaction were not disclosed. Since its founding in 1926, C. Walter Searle has been serving the …

5 03, 2021

Powerful Gusts Responsible for Bizarre Injury in Maine

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A woman was critically injured when a tree knocked down by powerful gusts fell on the vehicle, driving a tree limb through the windshield and dashboard and impaling her, officials said. Theresa Roy, 79, was critically injured Tuesday in Sidney, …

5 03, 2021

Hub International Limited Acquires Assets of Pennsylvania’s Incentive Systems

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Hub International Limited (Hub), a full-service global insurance broker, has acquired the assets of Incentive Systems Inc. (ISI). Terms of the transaction were not disclosed. Located in Lansdale, Pennsylvania, ISI provides employee benefit solutions, helping clients maximize the value of …