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

Brazil’s Backlash over Vale Dam Disaster Deepens with Mine Closure, Frozen Funds

Vale SA’s shares declined on Monday as the world’s biggest iron ore producer faced continued backlash from Brazilian authorities after a deadly mining accident in January. Rio de Janeiro-based Vale was ordered on March 15 to shut its Timbopeba mine …

Brexit Makes It Harder for Fintech, Financial Services Firms to Recruit Top Talent: Report

Leaving the European Union is making it harder for fintech firms in Britain to recruit top talent, a report said on Tuesday, threatening to slam the brakes on a 7 billion pound ($9 billion)growth sector just as EU states step …

Lengthy Brexit Delay Grows More Likely After House Speaker Torpedoes PM May’s Plans

Theresa May looked set to seek a long extension to the U.K.’s European Union membership after the House of Commons speaker torpedoed her plan to win Parliamentary approval for her deal to leave the bloc. Officials privately accused Speaker John …

Update: Cyber Attack at Aluminium Producer Norsk Hydro Causes Production Outages

Norsk Hydro ASA, one of the world’s biggest aluminum producers, suffered production outages after a cyber attack affected operations across Europe and the U.S. The company said it was still working to contain the effects of the ransomware, a kind …

BNP Paribas’ Insurance Unit Cuts Exposure to Coal on Climate Change Concerns

The Cardif insurance division of BNP Paribas, France’s largest bank, on Monday outlined new targets to reduce its exposure to coal as companies around the world step up fossil fuel divestment plans to improve the environment. Cardif, which has already …

Claim Solution Innovator CCG Moves into the Risk and Underwriting Arena with the Acquisition of RSI

Charlotte, North Carolina, March 19, 2019 – Consolidated Claims Group LLC (CCG), a leading provider of independent claim investigations, announced the acquisition of San Francisco-based Research Specialists Inc. (RSI), a pioneer in underwriting inspections on Friday, March 15, 2019. CCG …

Mozambique’s Death Toll from Deadly Cyclone Idai Could Top 1000

A tropical cyclone that tore across Mozambique at the weekend may have killed more than 1,000 people, President Filipe Nyusi said, as heavy rains continued to inundate the southeast African nation and neighboring Zimbabwe. “It’s clear that the next few …

Insurance Department Takes Over Arkansas Health Insurance Marketplace

The Arkansas Health Insurance Marketplace has become part of the state’s insurance department after Gov. Asa Hutchinson signed legislation dissolving the marketplace board as a separate entity. The state Legislature established the insurance marketplace in 2013. The Arkansas marketplace used …

State Farm: Illinois and Missouri Ranked 3rd and 5th for Hail Damage in 2018

A new report from State Farm says that Illinois and Missouri were among the top states in the nation for hail damage in 2018, according to a new report from State Farm. Illinois ranks third with $330 million in paid …

Cotuno Joins Alliant’s Texas Benefits Team as VP

Houston-based benefits consultant Dan Cotuno has joined Alliant Insurance Services as vice president within the company’s Employee Benefits Group. Cotuno will provide integrated, data-driven benefits to a diverse client base as Alliant continues to grow its Texas benefits team. Cotuno …