6 05, 2021

Peloton Apologizes, Reverses Course, Will Recall Treadmills

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Peloton announced a recall of its treadmills on Wednesday, reversing course just weeks after saying there was “no reason” to stop using the exercise machines despite reports of multiple injuries and the death of a child in an accident. Chief …

6 05, 2021

U.S. Legal Cannabis Sales Hit Record $17.5B as Legislation Transforms Insurance Outlook

By | May 6th, 2021|Uncategorized|Comments Off on U.S. Legal Cannabis Sales Hit Record $17.5B as Legislation Transforms Insurance Outlook

A new report highlights the opportunity for insurers in cannabis. New Dawn Risk launched its latest white paper on insurance for the U.S. legal cannabis, CBD and hemp markets. The 2021 report is called “Opportunity knocks at last in the …

6 05, 2021

Study Links High Hispanic Death Rate From Covid-19 to Work Exposure

By | May 6th, 2021|Uncategorized|Comments Off on Study Links High Hispanic Death Rate From Covid-19 to Work Exposure

Hispanic Americans have died of Covid-19 at a disproportionately high rate compared to whites because of workplace exposure to the virus, a new study suggests. Hispanics are over-represented among workers in essential industries and occupations ranging from warehousing and grocery …

6 05, 2021

Covid Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz

By | May 6th, 2021|Uncategorized|Comments Off on Covid Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz

Covid-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. However, financial institutions are also facing many other risks in the areas of cyber, climate, compliance and corporate …

6 05, 2021

Insurer Disappointed After Egyptian Court Upholds Detention of Tanker Ever Given

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CAIRO – An Egyptian court on Tuesday ruled that the container ship which blocked the Suez Canal in March could continue to be held in the waterway, rejecting an appeal by its Japanese owner against its detention, a judicial source …

6 05, 2021

2 Arrested in Florida Fake Public Adjuster, $65K Claims Scheme Against Citizens

By | May 6th, 2021|Uncategorized|Comments Off on 2 Arrested in Florida Fake Public Adjuster, $65K Claims Scheme Against Citizens

Two Miami residents have been arrested for allegedly acting as public adjusters without a license and filling false insurance claims with Citizens Property Insurance Corp., according to a statement from the Florida Department of Financial Services (DFS). The CFO’s Division …

6 05, 2021

Ex-Maryland Volunteer Firefighters Indicted on Arson Charges

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A group of Maryland volunteer firefighters accused of setting fire to vacant structures have been charged with arson and other crimes. The five men, who worked for West Lanham Hills Volunteer Fire Department in New Carrollton, Maryland, were indicted by …

7 05, 2021

Amwins, Loadsure to Offer Per-Load Cargo Insurance to Freight Industry

By | May 7th, 2021|Uncategorized|Comments Off on Amwins, Loadsure to Offer Per-Load Cargo Insurance to Freight Industry

Loadsure has formed a partnership with managing general agency Amwins Specialty Logistics Underwriters (ASLU) to offer pay-as-you-go, all-risk smart coverage that includes automated claims on a digital platform. Loadsure’s offering for the U.S. freight industry is digitalized through the full …

6 05, 2021

People Moves: Westwood Picks Kriby as VP; New Roles for Burrows, Finley at The Villages; Lowe to Lead GRS Institute

By | May 6th, 2021|Uncategorized|Comments Off on People Moves: Westwood Picks Kriby as VP; New Roles for Burrows, Finley at The Villages; Lowe to Lead GRS Institute

Westwood Insurance Agency Appoints Kriby as VP of Client Development, Partnerships Westwood Insurance Agency is has appointed Tom Kriby as vice president, Client Development and Partnerships, responsible for national account management and business development. In this role, Kriby will be …

6 05, 2021

EU Top Court Upholds Partial Ban on Bayer Pesticides

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BRUSSELS – The European Union’s top court on Thursday upheld the EU’s partial ban on three insecticides linked to harming bees, preventing their use on certain crops. The European Court of Justice dismissed an appeal by Bayer to overturn a …