18 04, 2019

Island Insurance in Hawaii Names Tanoue Vice President, General Counsel

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Island Insurance Company Ltd. in Hawaii has named Michael Tanoue vice president and general counsel. In this Tanoue is responsible for strategic initiatives, policy management, legal strategy, compliance and regulatory filings. He has nearly 35 years of legal experience, most …

18 04, 2019

Canopius Signs Agreement to Purchase AmTrust at Lloyd’s

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Canopius AG announced it has signed a definitive sale and purchase agreement to purchase AmTrust at Lloyd’s, a division of AmTrust Financial, subject to regulatory approval. Upon completion, which is expected in Q3 2019, the deal will result in the …

18 04, 2019

New Crop of Satellites Will Identify Biggest Contributors to Climate Change

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A wave of satellites set to orbit the Earth will be able to pinpoint producers of greenhouse gases, right down to an individual leak at an oil rig. More than a dozen governments and companies have or are planning to …

18 04, 2019

Some Connecticut Condo Associations Can Seek Crumbling Foundation Help

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Some Connecticut condominium associations with crumbling foundations can seek financial help from the captive insurance company that’s been helping owners of stand-alone homes. Michael Maglaras, superintendent of the Connecticut Foundation Solutions Indemnity Company Inc., announced Monday that associations can apply …

18 04, 2019

Vermont Officials Assess Spring Flood Damage

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Vermont state and local officials are assessing damage from flooding caused by heavy rains and snowmelt that led to road closures, some evacuations and a rescue from a flooded parking lot. Some roads remained closed Tuesday, but most of the …

18 04, 2019

New York Contractors Arrested in Workers’ Compensation Fraud Scheme

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Two New York state contractors were arrested on charges they filed fraudulent applications for a roofing project in Amsterdam, N.Y., as part of a workers’ compensation fraud scheme. Jose A. Sanchez, owner of Sanchez Partners Construction, was charged with offering …

18 04, 2019

Munich Re Syndicate Singapore Partners with Lloyd’s Coverholder Nectar Specialty Risk

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Munich Re Syndicate Singapore (MRSS) has formed a partnership with Nectar Specialty Risk Pte Ltd. (Nectar), a Singapore incorporated limited liability company and Lloyd’s coverholder that provides tailor-made re/insurance solutions. Nectar’s professional line products are offered under the trading name …

18 04, 2019

Driving in Georgia While Sitting in California; Remote Control Beats Autonomy

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For four days in February, Ben Shukman showed up to his office at Phantom Auto in Mountain View, California, sat down in front of a bank of computer screens with a steering wheel in a darkened room, and began driving. …

18 04, 2019

Tsunami-Wrecked Fukushima Nuclear Plant Begins Fuel Removal in Melted Reactor

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The operator of the tsunami-wrecked Fukushima nuclear plant began removing fuel Monday [April 15] from a cooling pool at one of three reactors that melted down in the 2011 disaster, a milestone in what will be a decades-long process to …

18 04, 2019

Investors Sue Lyft, Alleging IPO ‘Overhyped’

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Lyft Inc. was sued by investors who claim the ride-sharing company overstated its market position when it went public last month, leading to a dramatic plunge in its stock price. Two separate class-action complaints against Lyft, as well as its …