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

Liberty Mutual to Acquire AmTrust’s Surety, Credit Reinsurance Business

Liberty Mutual Insurance said it has agreed to acquire the global surety and credit reinsurance operations of property/casualty insurer AmTrust Financial Services. Terms of the deal were not disclosed. Upon closing, Liberty Mutual will acquire four AmTrust businesses: AmTrust Surety, …

More Than 200K Without Power Following Violent Northeastern U.S. Storms

More than 200,000 homes and businesses in eight states were without power early Monday after violent thunderstorms and heavy rains swept through the U.S. Northeast. Virginia and Pennsylvania were the hardest hit, with about 120,000 customers in the dark, according …

Starkweather & Shepley, O’Neill & Co. Celebrate Palm Beach Gardens Location

Starkweather & Shepley Insurance Brokerage Inc. (S&S) and O’Neill & Co. Insurance Group celebrated the opening of their new location in Palm Beach Gardens, Fla., on Tuesday at the Wyndham Grand Jupiter. O’Neill & Co. Insurance Group, founded by President …

Fire Chief Says Shop Owner Declined to Evacuate Before North Carolina Blast

The coffee shop owner killed in a North Carolina gas line explosion was last seen in the doorway of his business after firefighters evacuated his customers and told him to leave, the fire chief said Thursday, as city officials gave …

New York City May Ban Pre-Hire Marijuana Tests for Many Job Applicants

Many job-seekers would no longer face tests for marijuana use under legislation that New York City is likely to enact, taking a novel step as lawmakers and employers around the U.S. grapple with workplace policies about pot. The Democrat-led City …

Worker Killed by Falling Crane Counterweight in New York City

A worker was crushed to death Saturday when a crane counterweight fell on him at a lower Manhattan construction site, the third time in less than a week that a New York City construction worker was killed on the job. …

Contaminated Oil Linked to U.S. Reserves Raises Safety Concerns

Exxon Mobil Corp. is the latest company to raise concerns that a stockpile of U.S. government crude is tainted with poisonous gas. The American energy giant said some of the oil it purchased last year from the Energy Department’s Strategic …

Leak Evacuates North Carolina Shopping Center Days After Fatal Explosion

North Carolina authorities say they’ve evacuated businesses in a Fayetteville shopping center because a construction crew struck a gas line. The gas leak at Cross Pointe Center comes just days after a fatal explosion in Durham, located about 80 miles …

EU’s New Copyright Rules Could Hurt Google, Facebook

Google will have to pay publishers for news snippets and Facebook filter out protected content under new copyright rules aimed at ensuring fair compensation for the European Union’s $1 trillion creative industries. EU governments on Monday backed the move launched …

Markel Internal Review Finds ‘No Bad Faith’ Related to Loss Reserves Under Investigation

Markel Corp. said that an internal review conducted by outside counsel found “no evidence that personnel of its CATCo unit acted in bad faith in exercising business judgment in the setting of reserves and making related disclosures during late 2017 …