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

China’s Communist Party Seeks Greater Loyalty From Private Sector

China’s ruling Communist Party is demanding a show of greater loyalty from the sprawling private sector as the world’s second-largest economy grapples with growing external risks, from open U.S. hostility to the coronavirus pandemic. In recent years, the party has …

Chances for Brexit Deal With Britain Fade Every Day, Warns European Union Leader

Every passing day reduces chances for sealing a new trade deal with Britain, the European Union’s chief executive said on Wednesday, warning London that there was “very little time” left to put an agreement in place by the end of …

3 Reasons People Don’t Buy Homeowners’ Insurance

I recently learned about two separate times when families lost everything when their homes burned. These are tragic losses and thankfully, the only things that were lost were replaceable items. No one got hurt, but they did wake up the …

Appeals Court Weighs Harvard University Use of Race as Factor in Admissions

A federal appeals court on Wednesday will consider whether Harvard University discriminates against Asian-American applicants in a closely-watched case that could impact whether U.S. colleges can use race as a factor in admissions. The 1st U.S. Circuit Court of Appeals …

Hurricane Sally Makes Landfall on Alabama’s Gulf Coast

Hurricane Sally made landfall on Alabama’s Gulf Coast on Wednesday morning as a Category Two hurricane, spreading strong winds inland across southeastern Alabama and western Florida. Upon landfall, winds were clocked at 105 miles per hour (165 km per hour), …

UK Businesses Wait to See if Their Insurers Will Appeal COVID-19 Insurance Ruling

LONDON — Murray Pulman says he is as tough as they come, but battles with his insurer have left him close to tears after a coronavirus lockdown forced his family-run cafe The Posh Partridge to close. Pulman was counting himself …

Casualty Reinsurance Demand Rises in N. America Despite Hardening Primary Rates

Although there is a significant market correction taking place in the North American liability insurance market, demand for casualty reinsurance is increasing, said Chirag Shah, executive vice president, Casualty Reinsurance, at Willis Re. Low interest rates, economic volatility, social inflation …

Louisville Agrees to Pay Breonna Taylor’s Family $12 Million, Enact Police Reforms

Louisville, Kentucky agreed to pay the family of Breonna Taylor a $12 million settlement and enact a series of reforms as part of the largest police misconduct payout in the city’s history after officers shot and killed the unarmed Black …

Alliant Names Willis’ Shapiro Senior Vice President in California

Alliant Insurance Services Inc. has named Larry Shapiro senior vice president in mergers and acquisitions. Shapiro will serve as the representations and warranties team leader and be based in San Francisco, Calif. He will provide risk solutions to private equity …

Uber Backup Driver Faces Homicide Charges in Fatal 2018 Arizona Crash

The back-up safety driver behind the wheel of a self-driving Uber Technologies test vehicle that struck and killed a woman in Tempe, Arizona, in 2018 was charged with negligent homicide, prosecutors said on Tuesday. Rafael Vasquez, age 46, who is …