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

UK Insurer LV= Attracts Bidders Including Phoenix, Cinven: Sources

UK insurer Liverpool Victoria has attracted interest from rivals including Phoenix Group Holdings and private equity firm Cinven Ltd., according to people familiar with the matter. Fellow mutual insurer Royal London, Utmost Life and Pensions and European Insurance Consolidation Group …

Georgia Eases Virus Rules to Allow Sports, Conventions

Georgia Gov. Brian Kemp is lifting more health-related restrictions that stemmed from COVID-19, allowing spectator sports and live performance venues to reopen and conventions to resume on July 1, subject to some restrictions. The Republican Kemp signed the 40-page-order Thursday, …

Tennessee Senate Approves Coronavirus Liability Bill for Nursing Homes, Businesses

The Tennessee Senate advanced legislation Thursday that would provide nursing homes, grocery stores and other businesses sweeping protections from coronavirus lawsuits. The measure is similar to the growing trend going on in states that have begun to reopen since shutting …

Federal Reserve Warns of ‘Long Road’ Ahead to Economic Recovery

The Federal Reserve expects household finances and business balance sheets to suffer “persistent fragilities” as a result of the shock to economic activity arising from the coronavirus pandemic, the central bank said in a report to Congress on Friday. In …

Senators Draft Bill to Reform How U.S. Approves New Plane Designs

Two key U.S. senators are circulating a bipartisan draft bill that would reform how the Federal Aviation Administration certifies new aircraft in the wake of two fatal Boeing 737 MAX crashes that killed 346 people. The measure seeks to eliminate …

Nevada Property Manager Paying $300K in Virus Eviction Ban Lawsuit

A Nevada-based property management company that issued eviction notices to tenants in Tacoma during the coronavirus pandemic has agreed to pay nearly $350,000 to resolve a lawsuit filed by Washington state Attorney General Bob Ferguson. The money includes nearly $300,000 …

Mississippi Establishes Small Business Website for Virus Relief Grants

Mississippi has established a website where owners of small businesses can soon start applying for grants funded by a federal coronavirus pandemic relief package, Gov. Tate Reeves said. The site – backtobusinessms.org – has rules for the program created by …

Florida Cat Fund Foregoes Private Reinsurance for 2020 Hurricane Season

Reinsurance coverage for the Florida Hurricane Catastrophe Fund was not purchased for this year’s hurricane season after overseers of the fund evaluated the market and found a lack of private capital availability. In a statement, John Kuczwanski, manager of External …

Survey: Florida Residents More Concerned for Hurricane Season Amid Pandemic

Florida has officially started hurricane season and a new survey shows a majority of residents are more concerned for this year’s potential storms than in previous years, given the simultaneous continuing issues related to the COVID-19 pandemic. According to a …

Cities Get Creative to Tame Stormwater Floods

For more than a century, New Orleans has depended on canals and pumps to get rid of stormwater in a city where about half the land is below sea level. Now the bustling Mississippi River port that expanded by filling …