Monthly Archives: <span>February 2017</span>

Washington Attorney General Will Fight if Necessary to Keep State’s Legal Pot

Washington Attorney General Bob Ferguson says the state is ready to fight if necessary to keep its legal marijuana. Ferguson made the comments after White House spokesman Sean Spicer suggested during a press briefing that President Donald Trump’s administration might …

Utah Senate, House Pass Bill to Let Workers’ Comp Fund Become A Mutual

Both the Utah Senate and House have passed a bill to repeal the statue creating the state’s Workers’ Compensation Fund. Following a court battle and several pieces of legislation, the fund has nearly separated from state control and oversight and …

Nigeria Insurers Receptive to M&A as Economy Contracts

Nigeria’s insurance industry is poised to enter a period of consolidation as companies struggle to raise cash to meet new regulatory requirements amid the worst economic contraction in more than two decades. With markets largely shut for companies to raise …

Skuld Names Krøger Kjær as Head of Skuld Copenhagen, Succeeding Lehmann

Skuld, the Oslo, Norway-based marine insurance provider, announced the appointment of Krester Krøger Kjær as head of Skuld Copenhagen. Krøger Kjær succeeds Helle Lehmann who, after eight years in the role, has decided to step down and pursue new opportunities. …

Takata’s $1 Billion Guilty Plea, Settlement with U.S. Includes Victims’ Fund

Japan’s Takata Corp. removed a major obstacle to its potential sale or restructuring, pleading guilty on Monday in a U.S. federal court to a felony charge as part of a $1 billion settlement that included compensation funds for automakers and …

Insurers Caught In Municipal Bond Slump While Awaiting Trump Tax Plan

The disruption in the municipal bond market is punishing some of the most loyal buyers of the debt. The insurance industry has seen more than $5 billion of gains erased on state and local bonds after Donald Trump’s victory in …

The National Weather Service Confirms Tornado in Western Massachusetts

The National Weather Service has confirmed that a tornado with winds up to 110 mph touched down in western Massachusetts. Meteorologists say the EF-1 tornado touched down Saturday evening in Conway in Franklin County. The weather service says most of …

Six Charged in Death of University of Connecticut Student After Party

Six University of Connecticut students were charged Friday with alcohol-related offenses connected to the death of a student who was run over by a fire department vehicle after leaving a party last fall. The students had been hosting an off-campus …

New York-Headquartered Walsh Duffield Companies Relocates Rochester Operations

Walsh Duffield Companies Inc., an insurance agency headquartered in Buffalo, N.Y., has moved its Rochester, N.Y., operations to The Culver Road Amory after seeing recent growth in the Rochester market. This growth comes on the heels of the transition of …

Glazer Joins AIG as Deputy Counsel, Corporate Secretary

American International Group Inc. has named Rose Marie Glazer as vice president, deputy general counsel and corporate secretary. Glazer will oversee the corporate securities, corporate secretary, and mergers and acquisitions (M&A) legal teams, and will report to Peter Y. Solmssen, …