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

Massachusetts’ Sullivan Insurance Group Hires Weber as Principal

Sullivan Insurance Group has hired Thomas Weber as a principal. Weber has worked in the insurance industry for more than 24 years and is responsible for the management of client insurance, risk management programs and new business development in his …

Delaware Lawmaker Loses Bid to Revive Lawsuit Over City Property

A Delaware lawmaker who owns a house damaged by a fire that started in an adjacent city-owned dwelling has lost her bid to revive a federal lawsuit. Rep. Stephanie Bolden, a Wilmington Democrat, claimed that the city repeatedly ignored her …

Sandy Hook Families Can Sue Gunmaker Remington, Court Rules

The gun industry suffered a stinging setback as Connecticut’s top court said families of victims of the 2012 Sandy Hook Elementary School massacre could move ahead with their lawsuit against Remington Arms Co. over its marketing of military-style Bushmaster weapons. …

Boeing Faces Spate of Lawsuits After Second 737 MAX 8 Crash

Lawyers are already targeting Boeing Co. for Sunday’s Ethiopian Airlines disaster even while investigators are still trying to figure out what caused two 737 Max 8 jetliners to go down in a span of five months, killing 346 people. Boeing …

Canada Eyes Regulation of Crypto-Trading Platforms Amid Ongoing Quadriga Scandal

Canada is moving to overhaul its securities regulations to cover crypto trading platforms such as Quadriga Fintech Solutions Corp., a digital exchange that lost access to C$260 million ($195 million) of investor assets after the death of its founder. The …

Pioneer Underwriters Names Former XL Catlin Executive Greggains as Its U.S. CEO

Pioneer Underwriters, the underwriting group within Minova Insurance Holdings, announced it has appointed Nick Greggains as CEO of Pioneer’s U.S. operation, effective March 25. Greggains succeeds current U.S. CEO Gene Hinman, who will become president of Pioneer US until his …

Most Americans Continue to Be Very Afraid of Self-Driving Cars: AAA Survey

Seven in 10 Americans don’t want to go anywhere near self-driving cars. The portion of Americans who fear autonomous vehicles—71 percent in the American Automobile Association’s latest survey—is virtually unchanged from a year ago and up eight percentage points from …

NYC Mayor Proposes $10B Plan to Flood-Proof Manhattan as Climate Risk Grows

New York Mayor Bill de Blasio proposed a $10 billion plan to push out the lower Manhattan coastline as much as 500 feet, or two city blocks, to protect from flooding that’s expected to become more frequent as global temperatures …

Cyclone Idai Causes at Least 60 Deaths, Widespread Destruction in Mozambique

Tropical Cyclone Idai, which has already caused at least 60 deaths in southern Africa, lashed Mozambique’s coast Friday, knocking out electricity and phone networks in its fourth-biggest city. Idai made landfall just after midnight after strengthening to the equivalent of …

The Strategy Behind Hamilton Insurance’s Move to Buy Pembroke, Ironshore Europe

Strategy plus some remarkably good timing helped lead to Hamilton Insurance Group’s first acquisition deal under the leadership of CEO Pina Albo. On March 14, Hamilton announced it would acquire Liberty Mutual’s Pembroke Managing Agency at Lloyd’s and its Ironshore …