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

Fed Leader Says ‘Pernicious’ Effects of Redlining Against Blacks Still Persist

The “pernicious and persistent” impact of long-outlawed policies like “redlining” Blacks out of white neighborhoods continues to influence the ability of minority families to amass wealth, and requires a deeper look at how those longstanding problems might be addressed, Atlanta …

FCA to Insurer CEOs: Don’t Delay in Paying Valid COVID Business Interruption Claims

In a follow-up to the High Court’s ruling on coronavirus-related business interruption claims by businesses, the UK’s Financial Conduct Authority (FCA) is advising insurers that they must pay all valid claims “in full at the earliest possible date to support …

The Villages of Florida Adds 3 from State Farm to Personal Lines Team

The Villages Insurance Partners has added 3 former State Farm employees to its Personal Lines Insurance team. Specializing in home, auto and golf car insurance, Chelsea Allen, Julia Skillman and Lacey Maher collectively bring over 10 years’ experience in the …

How Insurance Industry Might Respond if a Pandemic Is an Act of Terror

Imagine a scenario where COVID-19 was manufactured in a lab and was released as an act of terror. Tracey Gibbons, senior vice present, Underwriting, at Third Point Re, considers this possibility during a presentation for Carrier Management’s new series of …

Startups Developing Technologies to Clean Air in Workplaces of Coronavirus

Smithfield Foods Inc. thought it was doing great. In the first quarter of this year, the pork giant’s earnings were up 190% over the same period in 2019. Then the pandemic hit, and the close quarters of meatpacking plants made …

Facebook Tells Irish Court That It Needs Data Transfer Mechanism to Operate

Facebook has told Ireland’s High Court it cannot see how its services could operate in the European Union if regulators freeze its data transfer mechanism, the Sunday Business Post reported, citing court documents seen by the paper. The U.S. social …

Carpenters Restoring Notre Dame Face Challenge of Using Original Materials, Design

With precision and boundless energy, a team of carpenters used medieval techniques to raise up — by hand — a three-ton oak truss Saturday in front of Notre Dame Cathedral, a replica of the wooden structures that were consumed in …

USI, Crum & Forster Offer Cyber Coverage to Bar Association Law Firms

USI Affinity and the American Bar Association (ABA) have partnered with Crum & Forster to offer a cyber liability insurance program for law firms nationwide. As the broker for the ABA Insurance Program, USI Affinity now offers access to this …

New Mexico Officials Say Teachers Are Safe from Legal Liability Amid Virus

New Mexico officials have clarified that teachers won’t be on the hook for lawsuits that might stem from COVID-19 outbreaks as in-person classes began for some students. “In no way will teachers or school employees be held personally liable for …

Data of About 200K Nevada University Alumni, Donors May Have Been Stolen

University of Nevada, Reno alumni and donors may have had their information stolen in a data breach that occurred in May, university officials said. The school was told of the breach on July 16 by Blackbaud, a third-party fundraising technology …