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

Ryan Specialty Group Prepares for IPO

Specialty insurance broker Ryan Specialty Group has filed a proposal with the Securities and Exchange Commission for an initial public offering (IPO). The number of shares of Class A common stock to be offered and the price range for the …

Earthquake Early Warning System Launches in Oregon

People in Oregon will be better prepared for earthquakes – particularly important in the Pacific Northwest because experts say “the big one” is coming – as an early warning system launched Thursday, the 10th anniversary of a devastating quake and …

Disaster Loans Available for Drought Losses in Arizona Counties

The U.S. Small Business Administration has announced that small non-farm businesses in all 15 counties in Arizona may apply for low-interest federal disaster loans to offset economic losses from drought. Eligibility includes businesses directly affected by the disaster as well …

Maryland Senate Passes Measure to Fight Climate Change

The Maryland Senate voted Friday for a package of steps to fight climate change by planting 5 million trees over 10 years, increasing energy efficient buildings and committing to more electric state vehicle use. The measure would require the Maryland …

New York Suit Against EPA Over GE’s Hudson River Cleanup Dismissed

A federal judge on Thursday dismissed a lawsuit from New York state against the federal Environmental Protection Agency over its 2019 decision that General Electric had completed a Hudson River dredging remediation project. The Times Union of Albany reported U.S. …

New Jersey Ice Cream Manufacturer Cited for Safety Hazards Leading to Amputations

Despite two severe amputation injuries in 2018 and 2020 on the same machine at a Lakewood, New Jersey, ice cream manufacturing plant, a recent federal safety and health inspection found the company continued to ignore protocols designed to prevent other …

Credit Suisse Investors Express Concern About Fallout from Greensill Collapse

ZURICH — Credit Suisse warned it may have to book a charge over its dealings with Greensill, as scrutiny grows over its relationship with the British finance firm that collapsed into insolvency. The Swiss bank has had to close around …

Purdue Pharma Bankruptcy Plan Proposes Public Trusts to Settle Opioid Lawsuits

Purdue Pharma LP filed a bankruptcy plan on Monday that would resolve thousands of opioid lawsuits by restructuring the OxyContin maker into an entity that would steer profits to plaintiffs and require the company’s Sackler family owners to contribute nearly …

TransRe CEO Sapnar to Step Down, Succeeded by Brandt

TransRe President and CEO Mike Sapnar is leaving the company to pursue another opportunity. He’ll stay on the job through April 30 to help with the transition. Ken Brandt, currently TransRe’s co-president of Global Underwriting, will succeed him. A member …

Oliver Wyman Predicts COVID Herd Immunity for U.S. by Mid-Summer

The U.S. will reach herd immunity threshold when more than 71% of the U.S. population has been exposed to COVID or effectively vaccinated against it, most likely by mid-summer, says a management consultant firm that has been tracking COVID cases. …