September 28, 2021

Tue, 28 Sep 2021 23:22:30 +0000
Coalition, a San Francisco-based cyber insurance and security company, has already been focused on rapid growth. Its new $205 million venture capital financing will help supercharge that strategy even further. Coalition said the investment will help ac...
Tue, 28 Sep 2021 16:33:05 +0000
Federal investigators have determined that a misplaced air filter screen probably caused a small plane’s engine failure and crash in southeastern Michigan that killed a Delta airlines pilot and an aircraft mechanic two years ago. The improperly install...
Tue, 28 Sep 2021 16:31:48 +0000
The company responsible for the largest oil field spill in North Dakota pleaded guilty to criminal charges after reaching an agreement with the federal government to pay $15 million in fines. Summit Midstream Partners entered the pleas in federal court. …
Tue, 28 Sep 2021 16:30:02 +0000
There was brinksmanship with a whiff of ransom. In the aftermath of a citywide blackout that lasted for days after Hurricane Ida hit on Aug. 29, dissatisfaction among residents and city leaders was growing with utility company Entergy New Orleans …
Tue, 28 Sep 2021 16:29:58 +0000
Written premium for 2020 was $1.9 billion, or 12%, below that for 2019 and was the lowest since 2012, according to a new report out from the Workers’ Compensation Insurance Rating Bureau. Written premium for the first two quarters of …
Tue, 28 Sep 2021 16:26:04 +0000
Indiana Dunes National Park closed its beaches and a northwest Indiana water utility shut down an intake facility after an orange substance apparently spilled from a U.S. Steel plant into a Lake Michigan tributary, a mayor said. Portage Mayor Sue …
Tue, 28 Sep 2021 16:25:21 +0000
A worker at a North Carolina plant was taken to a hospital over the weekend after a crane collapsed onto a truck, officials said. A Fayetteville fire department official said the crane fell on the cab of a truck while …
Tue, 28 Sep 2021 16:24:37 +0000
Louisiana extended the emergency rule that allows suspension of insurance related statutes in the 25 parishes affected by Hurricane Ida, the insurance department said. The Louisiana Department of Insurance reported that Emergency Rule 47 is being reiss...
Tue, 28 Sep 2021 16:18:23 +0000
Federal officials filed two lawsuits in Texas courts, alleging that a pharmacy in Fabens and a coffeehouse in Ft. Worth both discriminated against employees with disabilities that rendered them vulnerable to serious illness if they contracted COVID-19....
Tue, 28 Sep 2021 16:18:05 +0000
Brit Ltd., the London-based insurer and subsidiary of Fairfax Financial Holdings, announced that Matthew Wilson, group CEO, will be taking an indefinite leave of absence due to health reasons. During this period, Martin Thompson will step in as interim...
Tue, 28 Sep 2021 15:52:32 +0000
Amid the Boy Scouts of America’s complex bankruptcy case, there is worsening friction between the BSA and the major religious groups that help it run thousands of scout units. At issue: the churches’ fears that an eventual settlement — while …
Tue, 28 Sep 2021 15:37:28 +0000
Technology-enabled workers’ compensation and payroll services provider Omaha National Group, Inc. announced a $45 million Series B round led by Accomplice. The company said it plans to use the funds to support its transition to operating as a direct in...
Tue, 28 Sep 2021 14:30:20 +0000
Federal investigators are seeking the cause of an Amtrak train derailment near a switch on tracks in the middle of vast farmland in far northern Montana that killed three people and left seven hospitalized over the weekend. The westbound Empire …
Tue, 28 Sep 2021 13:49:43 +0000
Financial crime compliance costs for the U.S. and Canada are at nearly $50 billion in 2021, a rise of almost 20% from the year before, according to a new LexisNexis study. Labor costs, more regulations and evolving crime threats are …
Tue, 28 Sep 2021 13:39:29 +0000
Colonial Surety, a direct and digital insurer, expanded its fiduciary liability product offering for plan sponsors – businesses that offer retirement plans – with a new, two-part package that includes cyber liability coverage. The new package offer...
Tue, 28 Sep 2021 13:36:54 +0000
Delaware’s attorney general has filed a lawsuit against chemical company Monsanto and spinoffs Solutia and Pharmacia, alleging long-lasting damage to the state’s natural resources. The lawsuit filed Delaware Superior Court on Wednesday alleges Monsanto...
Tue, 28 Sep 2021 13:34:21 +0000
Maine’s attorney general is seeking proposals from law firms willing to assist with potential legal claims over chemical contamination in the state. The state is considering legal claims over so-called PCBs and a separate class known as PFAS. Both chem...
Tue, 28 Sep 2021 13:28:25 +0000
Small businesses have faced big-time problems throughout the COVID-19 pandemic. And for many, it was no longer just about trying to get by. It was a matter of survival. Local small-business owners Rous and Angie Robles of My Sister’s Fault …
Tue, 28 Sep 2021 13:26:11 +0000
Coalition, a San Francisco-based cyber insurance and security company, has already been focused on rapid growth. Its new $205 million venture capital financing will help supercharge that strategy even further. “We are building a new kind of insurance w...
Tue, 28 Sep 2021 12:29:51 +0000
Royal Dutch Shell Plc tentatively plans the first restart of a production unit at its 230,611 barrel-per-day (bpd) Norco, Louisiana, refinery for mid-October, sources familiar with plant operations said on Monday. A Shell spokesman did not reply to a r...
Tue, 28 Sep 2021 10:41:48 +0000
Bermuda-based Mosaic Insurance has expanded its cyber-security business line internationally, with the addition of new team members to its UK-based unit. The specialty insurer began underwriting global cyber coverage from Chicago April 1, just two mont...
Tue, 28 Sep 2021 07:36:50 +0000
CHICAGO (AP) — Austin Moody wanted to apply his cyber-security skills in his home state of Michigan, teaming up with investigators for the State Police to analyze evidence and track down criminals. But the recent graduate set the idea aside …
Tue, 28 Sep 2021 07:23:18 +0000
A group of 21 state attorneys general, the District of Columbia, and several major U.S. cities urged the Biden administration to finalize significantly stricter vehicle emissions rules than it has proposed. The U.S. Environmental Protection Agency (EPA...
Tue, 28 Sep 2021 07:00:11 +0000
Leaders on one of Georgia’s most popular coastal islands are considering letting developers build closer to sand dunes. The Brunswick News reports that a planning commission that governs construction on St. Simons Island is discussing reducing the requ...
Tue, 28 Sep 2021 06:30:16 +0000
Alliant Alliant continues has added to its Absence, Disability, and Life team, hiring Brian Shaw as First Vice President. The Atlanta-based benefits consultant joins Alliant’s Employees Benefits Groupand will serve a diverse base of clients throughout ...
Tue, 28 Sep 2021 06:00:42 +0000
Australian insurance startup Cover Genius Pty Ltd. boosted its valuation to A$1 billion ($729 million), after raising A$100 million [$72.8 million] from investors including G Squared and Japanese insurer Sompo Holdings Inc. The proceeds — about seven t...
Tue, 28 Sep 2021 06:00:19 +0000
Allianz SE is in advanced talks to transfer a block of Swiss life insurance assets to Resolution Life, people with knowledge of the matter said, a move that could free up regulatory capital as Europe’s largest insurer prepares for the …
Tue, 28 Sep 2021 05:45:51 +0000
Accountancy firm Grant Thornton has been fined for its audit of Patisserie Valerie, the British cafe chain that collapsed in 2018, throwing 900 people out of a job and triggering a separate fraud investigation into accounting irregularities. The Financ...
Tue, 28 Sep 2021 05:45:17 +0000
Investors in insurance-linked securities are leaning toward structured catastrophe bonds rather than broader ILS instruments to steer away from unexpected losses from secondary perils. At the same time, catastrophe bond investors are accepting lower yi...
Tue, 28 Sep 2021 05:35:41 +0000
The United Nations Development Programme has launched an initiative to help governments and the private sector in developing countries provide insurance for crises such as pandemics and natural catastrophes, it said on Monday. Disaster recovery costs t...