Monthly Archives: <span>November 2018</span>

One Killed, Six Injured When Car Drives into NYC Pedestrians

A 70-year-old driver trying to parallel park on a New York City street Monday lost control of his minivan and struck several pedestrians standing next to a fruit stand, killing one person and injuring six others, police said. “The car …

AXA to Buy Remaining 50% Stake in AXA Tianping for China Growth

AXA announced it has entered into an agreement with the current domestic shareholders of AXA Tianping Property & Casualty Insurance Co. Ltd. to acquire the remaining 50 percent stake of the company. Total consideration for the acquisition of the 50 …

Hong Kong M&As Slump in 2018 with Insurance Sector Deals Hardest Hit

Mergers and acquisitions targeting Hong Kong financial firms have slumped this year, with insurance sector deals particularly hard hit, as China’s moves to tighten capital controls and crack down on corporate debt have driven mainland buyers away. Hong Kong’s financial …

5 Quick Questions Before I Read a Commercial Policy

It’s that time of year at the Academy. I’m pouring over spreadsheets and schedules. I’m emailing instructors and planning classes. Yeah. I’m trying to look ahead and work ahead, all while looking at today’s numbers and wondering how we’re going …

UK Economy Could Take 10.7% Economic Hit with No-Deal Brexit: Gov’t Report

The U.K. will suffer a major economic hit if Parliament rejects Theresa May’s Brexit deal and the country crashes out of the European Union with no new trade arrangements in place, according to official analysis. A government report on Wednesday …

Update: AXA Expects Profits to Be Boosted by Its $15 Billion XL Deal

AXA, Europe’s second-biggest insurer, expects its profitability to improve in the next two years thanks to U.S. business brought in by its new XL arm, and said it would now focus on expanding in Asia. The French insurer said profits …

Ironshore Enhances Contractors Ability Coverage for Pollution Incidents

Ironshore Environmental has enhanced its Contractors Environmental Legal Liability (CELL) program to include coverage for damages resulting from pollution incidents caused by the contractor’s work. CELL is offered on an occurrence basis and can be underwritten as a practice, project …

Kentucky Woman Sues Texas Roadhouse Chain Over Breastfeeding

A Kentucky woman who says a Texas Roadhouse employee told her to cover up while she was breastfeeding is suing the restaurant chain for emotional distress. Sadie Durbin is quoted by news outlets as saying the employee rushed over with …

IBM Joins Critics Calling for Regulation of Tech Firms’ Personal Data Use

International Business Machines Corp. Chief Executive Officer Ginni Rometty joined a growing chorus of tech executives lambasting web platforms, like Google and Facebook Inc., over their collection of user data and urged governments to target regulation at those companies. Without …

How Taxpayers Subsidize Rebuilding Homes After Flooding… Repeatedly

Floodwaters rose about 15 inches (40 centimeters) into Danielle Rees’ home in September when Hurricane Florence drenched this tidewater city on the Pamlico River and overwhelmed a local creek and marshland. The first floor was a sopping mess of gritty, …