15 01, 2021

Navajo Nation Reaches Settlements with Mining Companies

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The Navajo Nation’s Department of Justice announced Wednesday it has settled with mining companies to resolve claims stemming from a 2015 spill that resulted in rivers in three western states being fouled with a bright-yellow plume of arsenic, lead and …

14 01, 2021

COVID-19 Effect on Workers’ Compensation Claims Has Varied by State, Industry

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The percentage of COVID-19 claims among all workers’ compensation paid claims has varied greatly among states and occupations, as has the decrease in non-COVID claims, new research shows. The percentage of COVID-19 claims among all workers’ compensation paid claims ranged …

15 01, 2021

Bus Driver Placed on Probation After Plea in Fatal Accident

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A Port Authority bus driver has been placed on probation for three years after pleading guilty to involuntary manslaughter in the death of a University of Pittsburgh student struck by the bus she was driving a year ago. Shavonne James, …

14 01, 2021

FEMA Urges Hurricane Zeta Victims in Louisiana to File for Assistance

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Louisianans who suffered damage from Hurricane Zeta in Jefferson, Lafourche, Orleans, Plaquemines, St. Bernard and Terrebonne parishes should register for federal disaster assistance as soon as possible, FEMA says. The deadline to register for damage and losses suffered from Hurricane …

15 01, 2021

Initial Reactions to UK Supreme Court’s Ruling on Business Interruption Claims

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Insurers, policyholders and industry observers have issued comments on the UK Supreme Court’s ruling that insurers should pay small businesses for many business interruption claims from the COVID-19 lockdowns. The UK Supreme Court dismissed appeals by six insurers – Hiscox, …

15 01, 2021

Hub Acquires Assets of Texas’ Commercial Insurance Brokers

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Global insurance broker Hub International Limited (Hub) has acquired the assets of Commercial Insurance Brokers Inc. (Commercial Insurance Brokers), based in El Paso, Texas. Terms of the transaction were not disclosed. Commercial Insurance Brokers is a locally owned, independent insurance …

14 01, 2021

Texas Oil/Gas Drilling Permits Down But Well Inspections on Track

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The Texas state agency for regulating the oil and gas industry says it issued the number of original drilling permits issued in December 2020 was down nearly by half compared with December 2019. However, the Railroad Commission of Texas also …

15 01, 2021

Tug Hits, Damages Louisiana Railroad Bridge

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A railroad bridge in Louisiana is back in place after reportedly being hit early on Jan. 13 by a tugboat, officials said. The swing bridge over the Rigolets near Slidell was reportedly hit by the tug Robert Cenac about 1 …

15 01, 2021

AM Best Assigns ‘A’ Rating to Nebraska’s Summit Specialty Insurance

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AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to Summit Specialty Insurance Co. (SSIC), based in Omaha, Neb. The outlook assigned to these ratings is stable. SSIC is a …

14 01, 2021

Catlin’s Convex Group Raises Capital of $500 Million

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Convex Group Ltd. has secured $500 million in committed preferred equity capital from affiliates of Sixth Street, a leading global investment firm. The investment follows Convex’s recent $1 billion capital raise from a consortium led by Onex and GIC, in …