Specialty Insurer QBE North America announced the appointment of Becket McNab as chief human resources officer. McNab will be responsible for all North America human resources activities, including driving the company’s focus on talent and culture. McNab joins QBE from …
Insurance broker NFP as acquired LFG Inc., which does business as Team Scotti). The transaction closed effective December 1, 2019. Team Scotti, based in Pittsburgh, Penn., and founded in 1987, is a national insurance broker offering insurance and employee benefit …
Capital Returns Management LLC, the fifth largest shareholder of Watford Holdings Ltd., is urging the re/insurer to sell itself or be put into runoff. In a letter to Watford’s board of directors, the activist shareholder and specialist insurance investor complained …
Pacific Gas & Electric’s plan for getting out of bankruptcy has won overwhelming support from the victims of deadly Northern California wildfires ignited by the utility’s fraying electrical grid, despite concerns that they will be shortchanged by a $13.5 billion …
San Francisco, Calif.-based Coalition, a cyber insurance and security company, announced it has raised $90 million in equity capital to support its growth and global expansion. Valor Equity Partners led the funding with participation from Felicis Ventures, Greyhound Capital, and …
After an investigation by the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA), the owner of a Somerset County, N.J., construction company has pleaded guilty to one count of felony perjury brought by the U.S. Attorney for the …
The Federal Aviation Administration said Tuesday it would require Boeing Co. and other aircraft manufacturers to adopt new safety-management tools following two fatal Boeing 737 MAX crashes that killed 346 people. The plan to begin the regulatory process to mandate …
Maryland, Virginia and the District of Columbia filed a notice of intent to sue the Environmental Protection Agency for failing to require two other states to implement plans to cut pollution in the Chesapeake Bay, officials said Monday. EPA Administrator …
A U.S. judge is asking Nevada’s highest court to decide whether state law allows gun manufacturers and sellers to be held liable for deaths as he considers a lawsuit from the parents of a victim of the deadliest mass shooting …
This is third in a series of posts where I plan to respond to the bills that several states have filed to force insurance companies to pay business income claims related to COVID-19. Not reimbursing insurers means higher rates for …
