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

New Hampshire Music Fan Seriously Hurt by Stage Diver Wins $2M Settlement

A New Hampshire man who suffered serious spinal injuries when a stage diver landed on his head during a concert in New Jersey has reached a $2 million settlement with the show’s organizer. Jason Kooken, 46, of Exeter, was injured …

Report: Nearly 2M Homes at Elevated Risk of Wildfire

Nearly 2 million homes, mostly in the Western U.S., with a rebuilding value of more than $638 billion are at an elevated risk of wildfire damage, a report out today shows. An annual wildfire report from data provider CoreLogic comes …

The State of Surplus Lines Insurance: Busy Solving Risk Puzzles in a Complex World

Insurance professionals in the surplus lines sector are busy. Busy adapting to a changing business world during COVID-19. Busy adapting to a changing property/casualty market where standard lines insurers are steadfastly shedding undesirable accounts. Busy adapting to a market that …

LL Global Selects Poklar to Lead Its Insurance Research Unit

LL Global, the Windsor, Conn.-based parent company for LIMRA, LOMA and Secure Retirement Institute, has tapped Mark Poklar to lead its insurance research unit. He will report to Alison Salka, senior vice president and head of LIMRA Research. During the …

4 Facts I Learned Watching the Strems Trial

One of the unexpected consequences of the COVID-19 pandemic is that I found myself able to watch a live courtroom proceeding from the comfort of my desk at home (work). The idea of this was totally fascinating to me because …

FAA Chief to Conduct Own Test Flight of Boeing 737 MAX

Federal Aviation Administration (FAA) Chief Steve Dickson is due to conduct a two-hour evaluation flight at the controls of a Boeing 737 MAX on Wednesday, a key milestone for the jet to win approval to resume flying after two fatal …

Amazon Workers’ Injury Rate Higher Than Industry Average, Report Says

Amazon.com Inc. warehouse workers in the U.S. are getting hurt at a higher rate than the industry average, according to an investigative report. The rate of injuries contradicts more rosy assertions the company has made to lawmakers and the public, …

Lloyd’s Launches Biz Interruption Insurance Policy for SMEs, Led by Tokio Marine Kiln

Lloyd’s has launched a new “first-of-its-kind” business interruption policy for small-and-medium-sized enterprises (SMEs), specifically designed to protect them against IT disruption or downtime. Parametrix Insurance offers simple and reliable coverage by removing the traditional indemnity trigger that most insurance policies …

Private Equity Firm Hg Invests in Hyperion in Transaction Valued at US$5 Billion

Hg, the European private equity investor focused on software and service businesses, announced it will make a significant long-term equity investment in Hyperion Insurance Group Ltd., the insurance intermediary. The transaction values the business at an enterprise value of around …

Many Financial Firms and Governments See Cryptocurrencies as Risky: Survey

Financial firms and governments overwhelmingly see cryptocurrencies as risky, a major survey found on Tuesday, with the potential for bitcoin and other digital tokens for use in money laundering and sanctions busting among the chief worries. Around 60% of respondents …