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

Labor Nominee’s California Company Wins Discrimination Trial Delay

Labor secretary nominee Andrew Puzder, the controversial business leader expected to undergo a U.S. Senate confirmation hearing next week, will be spared an emotionally weighted and concurrent discrimination trial against the restaurant group he heads. A state court in Orange …

Insurance Safety Institute Elects Board Members; Allstate’s Yager Becomes Chairman

The Insurance Institute for Highway Safety is pleased to announce the election of Floyd M. Yager as the new chairman of its board of directors. Yager is senior vice president, property product management, Allstate Insurance Co. He succeeds Jack Salzwedel, …

Maine Man Pleads Guilty to Setting Fatal Fire

A Biddeford, Maine, man has pleaded guilty to setting a fire that claimed two lives there when he was 18 years old. Dylan Collins pleaded guilty Tuesday in Superior Court in Alfred, Maine, to one count of arson and to …

Fire Causes About $800K in Damage to Condo Buildings at Maine Ski Resort

Maine fire officials say two condominium buildings were destroyed by fire at Saddleback Mountain. Rangeley Fire Rescue Chief Tim Pellerin says two others were saved, and no injuries were reported during the Tuesday evening fire. The Sun Journal reports 16 …

Criminal Charges Announced in Fatal Massachusetts Water Main Break

Criminal charges have been announced in connection with a Boston, Mass., water main break that killed two workers. Suffolk County District Attorney Daniel Conley on Wednesday announced a grand jury had returned indictments charging Atlantic Drain Services of Boston and …

Undoing U.S. Financial Regulations Could Bar U.S. Firms from EU

Some U.S. financial institutions could be locked out of the European market if Donald Trump’s administration repeals global rules imposed in the wake of the financial crisis, a top EU official said on Friday. Valdis Dombrovskis, vice president of the …

Nat Cats Cost Insurers $39.5B in 2016, Highest Level in 4 Years: Willis Re

Insured loss estimates from major natural catastrophes totaled US$39.5 billion during 2016, which is the highest level since 2012 when market losses totaled US$60 billion, according to a report published by Willis Re, the reinsurance division of Willis Towers Watson. …

Talbot Launches Enhanced Terror Facilities for Singapore, LatAm, Dubai

Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., announced the launch of three enhanced Lloyd’s-led terror facilities in the Singapore, Latin American and Dubai markets. In response to the increasing demand for this distinctive coverage, these facilities …

Facebook Co-Founder Leads Financing for Online Health Insurance Startup

Facebook Inc. co-founder Eduardo Saverin’s B Capital Group has led a new financing round for a Singapore-based online health insurance service that values the startup at $100 million. Singaporean government investment vehicle EDBI jointly led the $25 million round in …

RSA Global Risk Solutions Launches New Structure to Enhance Client Focus

RSA has introduced a new Global Risk Solutions (GRS) operating model aimed at delivering brokers and customers improved access to decision-makers and enabling GRS to operate with more focus in its chosen markets. Effective immediately, GRS will consist of three …