Monthly Archives: <span>May 2020</span>

Executive And His Companies to Pay $1.8M to Settle California Harassment Suit

A former Northern California business executive and his companies will pay $1.8 million to settle a lawsuit by the state accusing him of sexually harassing a female employee, according to a newspaper report. California officials announced the settlement last week …

Pennsylvania’s Leech Tishman Fuscaldo & Lampl Hires Sampson as a Partner

Leech Tishman Fuscaldo & Lampl LLC has hired Michael H. Sampson as a partner in the Litigation Practice Group. Sampson will also serve as chair of the firm’s Insurance Coverage Group as well as co-chair of the Cannabis Group. He …

New York’s Preferred Mutual Insurance Company Appoints Two to Board of Directors

Preferred Mutual Insurance Company has appointed two new members to the company’s board of directors. Joining the board are Heidi Hoeller, retired partner at PricewaterhouseCoopers (PwC), and Dr. Michael Hayduk, deputy director of the Information Directorate for the Air Force …

Munich Re Expects Coronavirus-Related Claims in Excess of $1 Billion During 2020

Munich Re said on Thursday it expected to receive claims for canceled or postponed events because of the coronavirus crisis in excess of 1 billion euros ($1.08 billion) this year after it posted a 65% drop in first-quarter profit. The …

FERMA Forms Task Force to Find Solution for Non-Damage BI Cover – Such as Pandemic

The Federation of European Risk Management Associations (FERMA) announced the launch of a task force to create proposals to address the issue of business interruption coverage for catastrophic risks. “Our aim is to support the creation of economies that are …

Zurich Canada Appoints Snider as Head of Risk Services

Chris Snider has been named head of Risk Services for Zurich Canada. Formerly the manager of Risk Services – Property, Snider fills a role that was vacated by Scott Thomas, who was named Head of Human Resources. Snider has been …

Gas Leak at LG Chem Plant in India Kills at Least 7, Forcing Evacuation of Thousands

An overnight gas leak at an LG Chem Ltd. polymer plant in southern India has killed at least seven people and forced the evacuation of thousands in the city of Visakhapatnam after the company tried to restart operations following the …

Royal Caribbean Sued in Miami Court Over Crew Member COVID-19 Death

The family of a cruise crew member who died after testing positive for COVID-19 filed a lawsuit against Royal Caribbean Cruises on Tuesday saying the company failed to protect its employees as the pandemic ravaged sailings around the world. The …

High-Rise Building Catches Fire in United Arab Emirates

A high-rise tower caught fire Tuesday in the United Arab Emirates and authorities said it wasn’t immediately clear what caused the blaze. The sides of the 48-floor Abbco Tower in Sharjah saw flames shoot up them. The city neighbors Dubai. …

Mulshine Named Chief Revenue Officer at Ryan Specialty Group in Chicago

Ryan Specialty Group (RSG), headquartered in Chicago, has appointed Brendan M. Mulshine as chief revenue officer. In his expanded position, Mulshine has the responsibility for working closely with RSG’s business units, R-T Specialty LLC and RSG Underwriting Managers LLC to …