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

Gun Maker Appeals to Supreme Court Over Liability for Sandy Hook

The maker of the assault-style rifle used in the 2012 mass shooting at a Newtown, Connecticut, school asked the U.S. Supreme Court on Thursday to overturn a court ruling that allowed families of the victims to sue the company over …

Relief Arrives for Connecticut Homeowners with Crumbling Foundations

After worrying for years about the foundations crumbling beneath their houses, hundreds of suburban homeowners in a large swath of central Connecticut are getting help to salvage property that had been doomed by a bad batch of concrete. The homes …

Risk Strategies Acquires New York City’s Reiff & Associates

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Reiff & Associates, a full service brokerage firm focused on risk and insurance for companies in the entertainment industry. Founded in 1983 and based in New …

Nearly Seven Years After Storm, New Life for Sandy Damages Claim in New Jersey

A claim for damages from Superstorm Sandy that has been rejected several times by the state of New Jersey got another chance from a divided state Supreme Court on Monday. In a 4-3 ruling, the high court said an arbitrator …

55 ‘Probable’ Legionnaires’ Cases Tied to Atlanta Sheraton Hotel

The Georgia Department of Public Health says it’s probable there are 55 more cases in the Legionnaires’ disease outbreak linked to the Sheraton Atlanta Hotel. News outlets report the agency hadn’t confirmed the cases in the lab Monday but the …

West Virginia Lawmakers Ask Attorney General for Control of $37M Opioid Settlment

A group of West Virginia lawmakers want control of a recent $37 million opioid settlement with the drug distributor McKesson. Members of the House of Delegates on Monday asked the attorney general to let the legislature to divvy up the …

Arthur J. Gallagher Acquires Fullerton Health Corporate Services in Australia

Arthur J. Gallagher & Co. announced that its risk management services subsidiary, Gallagher Bassett Services Inc., has acquired Fullerton Health Corporate Services from Fullerton Health Australia, which is part of Singapore-based Fullerton Healthcare Group. Terms of the transaction were not …

Parametric Insurance Cover Provides French Farmers with Drought Relief

Hundreds of French farmers who signed up for specialist policies aimed at insuring against freak weather are getting swift payouts which could help them recover from heatwaves and prolonged droughts that hit parts of the country. The payments underline how …

Why Year-Long Ebola Outbreak Hasn’t Triggered Payout from Pandemic Insurance

World Bank funding instruments issued to help emerging countries swiftly tackle pandemics have come under the spotlight after the latest deadly Ebola outbreak has yet to trigger a payout. Following the 2013-2016 Ebola outbreak that ravaged Sierra Leone, Guinea and …

UK Regulator Asks Insurers to Weigh Possible Business Impact of Climate Change

The Bank of England for the first time is asking British insurers to gauge how global warming might impact the value of the stocks and bonds they hold — and its potential to upend financial markets. The central bank, which …