Monthly Archives: <span>January 2019</span>

France’s Ban on Glyphosate Expected to Curb 80% of Use by 2021

France expects to have cut the use of weedkiller glyphosate by 80 percent by early 2021, its agriculture minister said on Friday, less than previously anticipated due to the number of farmers who will qualify for an exemption. In November …

New Jersey’s Jimcor Agency Adds Three Sales Team Members

Jimcor Agency Inc., a Montvale, N.J.-based independent managing general agent and insurance wholesaler, has hired Michael Hogan, Kyle Lacertosa and Victoria Stern. These three new sales team members serve as brokerage specialists writing both brokerage and binding business. Hogan is …

Bank Issues China’s First Perpetual Bond as Investment Restrictions on Insurers Eased

China’s fourth-largest lender on Friday issued the first-ever perpetual bonds by a Chinese bank, with yields at the low end of market expectations after new policies to support their issuance boosted market interest. The bond issue by Bank of China …

Why Many Americans Will Never Be Able to Retire: Viewpoint

Traditionally, Americans could look forward to a comfortable retirement. After four decades in an office or a factory, sometime in their 60s they would lay down their burdens and enjoy a final couple of decades with time to relax, spend …

Boeing Sees Flying Cars Revolutionizing Urban Transportation, Package Delivery

Boeing Co said on Wednesday its flying car prototype hovered briefly in the air during an inaugural test flight, a small but significant step as the world’s largest planemaker bids to revolutionize urban transportation and parcel delivery services. Boeing is …

Progressive Embarks on Hiring Binge: 10,000 People in 2019

Insurer Progressive said it expects to hire more than 10,000 people in the coming year to support its growth. Positions will include IT and analyst roles, corporate functions, customer care and claims roles. The Ohio-headquartered company has grown more than …

‘Resilient’ Bermuda Reinsurance Market Copes with U.S. Tax Reform, Catastrophes

Bermuda-based (re)insurers continue to be tested by challenging market conditions, including heightened catastrophic losses and diminishing competitive advantage resulting from U.S. tax reform. However, the Bermuda market “remains resilient given its strong global position, demonstrated underwriting expertise, robust and effective …

Anbang Insurance Assets for Sale Include Manhattan Building, Health Insurer, Hotels

Anbang Insurance Group Co., which symbolized the era of mega-acquisitive Chinese companies that later had to reverse their buying binges, is continuing to whittle down its empire. The Beijing-based conglomerate is exploring the sale of the Manhattan office building that …

Wilkinson Insurance Services Acquires Commercial Insurance Services of Virginia

Wilkinson Insurance Services Inc., an insurance premium audit services company based in Huntsville, Ala., is expanding to Virginia with its acquisition of Commercial Insurance Services of Virginia. The acquisition is expected to increase the company’s footprint in the Southeast and …

Restoring Gas Heat in Rhode Island Could Take a Week or More

National Grid began the painstaking process Tuesday of going door-to-door to restore natural gas service to about 7,000 Rhode Island customers who were without heat on a day when temperatures weren’t expected to rise above freezing. The effort in Newport …