Monthly Archives: <span>January 2021</span>

Olympics Board Expected to Focus on Safety; Unlikely to Cancel Tokyo Games

BERLIN— The Tokyo Olympics will top the agenda when the International Olympic Committee’s executive board meets on Wednesday – but with the board firmly backing the event, any talk of scrapping it altogether due to the COVID-19 pandemic is highly …

Bankruptcy Judge Approves Weinstein Co. Plan With $17M for Sex Abuse Claims

A U.S. Bankruptcy Court judge on Monday approved The Weinstein Co.’s liquidation plan, which sets aside $17 million for women who accused co-founder Harvey Weinstein of sexual misconduct. Judge Mary Walrath in Wilmington, Delaware announced her ruling at the conclusion …

Ex-Rep Hayes Pardoned by Trump for Role in North Carolina Insurance Bribery Scheme

A former North Carolina congressman and state Republican Party leader who lied to FBI agents about a bribery scandal received a pardon from outgoing President Donald Trump in his final hours in office. Federal authorities said ex-Rep. Robin Hayes participated …

WestPro Insurance Partners with Obsidian on Bars, Taverns, Restaurants Program

Managing general underwriter WestPro Insurance Services has formed a program partnership with Obsidian, a hybrid fronting program carrier. WestPro, a division of Platinum Specialty Underwriters, targets neighborhood bars, taverns, and restaurants with liquor sales, both with and without entertainment, and …

Pirates Are Attacking Ships in Gulf of Guinea. Here’s Why and the Impact.

LAGOS— Pirates are stepping up attacks on ships in West Africa’s Gulf of Guinea, defying regional navies. On Saturday, pirates off Nigeria kidnapped 15 sailors from a Turkish container ship and killed one. Pirates in the Gulf of Guinea kidnapped …

Top Trading Firms Vow to Help Merchants Sailors Stuck on Ships Due to Coronavirus

Over 300 leading companies said on Tuesday they would work together to help hundreds of thousands of merchant sailors stuck on ships for many months due to COVID-19 in a crisis that risks creating more dangers at sea. About 90% …

Biden Withdraws Trump Chicken Slaughter Rule Industry Says Is Safe

A major food workers’ union praised President Joe Biden for withdrawing a rule that would have permanently allowed U.S. poultry producers to kill more chickens per minute. Industry trade groups said the speeds were safe. Donald Trump’s administration in its …

Propel Insurance in Washington Names Hub’s Fusaro CFO

Tacoma, Wash.-based Propel Insurance has named Angelo Fusaro chief financial officer. Fusaro succeeds Pete Hendrick, who has announced his retirement after serving as CFO since 2004. Fusaro has more than 20 years of experience in financial and operational management. He …

Top Insurance Regulatory Developments of 2020: Part 2

This is the second installment of a two-part look at the top 10 insurance regulatory developments of 2020 by attorneys at Locke Lord. The first part on Jan. 22 covered COVID-19, Insurtechs, Data Privacy, Race Equality and Pharmacy Benefit Managers. …

Spanish Court Orders VW to Pay $20M to Buyers in Diesel Cheating Case

A Spanish court has ordered German carmaker Volkswagen to pay 16.3 million euros ($19.8 million) in compensation to people in Spain who bought cars with emissions-cheating devices installed, consumer group OCU said on Monday. The company will appeal the ruling, …