Wirecard collapsed on Thursday owing creditors almost $4 billion after disclosing a gaping hole in its books in Germany’s worst accounting scandal. The implosion of the payments company came a week after auditor EY refused to sign off its 2019 …
Ever since the coronavirus sent millions of people home to work, people have been predicting that remote work will endure after the pandemic is over. Color me skeptical. I can’t imagine everyone not wanting to race back into the office …
Although considerable uncertainty remains over its ultimate cost, the COVID-19 pandemic looks set to rank among the re/insurance sector’s most expensive events, according to a report published by reinsurance broker Guy Carpenter. Not only does the pandemic have the potential …
county in Georgia has announced it’s hiring an independent firm to investigate possible coal ash contamination of residential water wells. An environmental consulting group will test wells of residents near Georgia Power Co.’s Plant Scherer in Juliette due to ongoing …
The Board of Directors of United Insurance Holdings Corp., a property and casualty insurance holding company based in Florida, has appointed R. Daniel Peed as chairman of the board of directors and chief executive officer, effective July 1, 2020. Peed …
A Flagstaff, Ariz. man who was wrongfully arrested on suspicion of selling LSD has filed a federal lawsuit against the city, saying police ignored evidence that showed he wasn’t a drug dealer. Tremayne Nez, who is Navajo, spent more than …
Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips for …
The Federal Aviation Administration (FAA) on Wednesday finalized a directive requiring airlines to complete inspections of a key component of Boeing 737 MAX airplanes that, if faulty, could result in a loss of power to the engines. The FAA, in …
According to Dorothy in the Wizard of Oz, there’s no place like home. For many in the property/casualty insurance industry, home is where their job has been during the pandemic. While millions of people in other industries have been laid …
FRANKFURT/NEW YORK- Bayer AG, after more than a year of talks, agreed to pay as much as $10.9 billion to settle close to 100,000 U.S. lawsuits claiming that its widely-used weedkiller Roundup caused cancer, resolving litigation that has pummeled the …
