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

Marsh & McLennan Drops &

In what the company acknowledges is a small branding change, professional services and insurance firm Marsh & McLennan has dropped the ampersand to become Marsh McLennan. The company says the change is meant to emphasize that Marsh McLennan is a …

Insurance Industry Groups Join Forces to Help UK Career-Break Women Return to Work

Nine leading insurance industry businesses announced the creation of a program in the UK that will enable “career-break” professionals to return to work. The program will enable participating firms to tap into the “forgotten army” of experienced women who are …

Credit Suisse Risk Officer Discovered in February Greensill’s Insurance Would Expire

ZURICH – Credit Suisse’s Chief Risk and Compliance Officer Lara Warner was not aware until late February that insurance related to British finance firm Greensill could expire on March 1, a spokeswoman said on Tuesday. “Contrary to certain reports, the …

Hundreds of Flights Canceled During China’s Worst Sandstorm in Decade

BEIJING – China’s capital and a wide swath of the country’s north were enveloped Monday in the worst sandstorm in a decade, leading to the cancellation of hundreds of flights. Skyscrapers in the center of Beijing appeared to drop from …

Update: Private Equity Firm BC Partners Agrees to Buy Insurance Service Company Davies

BC Partners agreed to take over insurance service company Davies, as it bets on fast-growing demand for outsourcing in the financial industry. The private equity firm signed a definitive agreement to buy a majority stake in London-based Davies, it said …

Oklahoma House Unanimously Passes Cybercrime Bill

A bill to address a growing trend of cybercrime unanimously passed the Oklahoma House of Representatives on March 10 with a vote of 92 to 0. House Bill 1759, authored by Rep. Trish Ranson, D-Stillwater, updates language in the Oklahoma …

Who Will Pay for the Freeze and Subsequent Meltdown in Texas?

Today in Texas homes and businesses, the lights are on and clean water flows. But for one week in February, the entire state of Texas was brought to its knees by a massive winter storm creating such a demand for …

Alabama Orders Company to Quit Spreading Poultry Waste

Alabama authorities have ordered an out-of-state company to stop spreading poultry waste at one of its operations amid complaints about the odor. Environmental groups have also expressed concerns about the waste – which is spread as fertilizer – reaching a …

Florida Senate Weighs Legal Immunity Against COVID Lawsuits

A measure that would shield businesses from COVID-related lawsuits could make it before the Florida Senate later this week, providing another key test for a measure that supporters assert will protect against frivolous lawsuits but that critics worry could give …

Some States Still Weigh Mandating Business Interruption Coverage

Since about a year ago when their business constituents began complaining that their insurance companies were telling them their policies do not cover their losses from the pandemic, lawmakers in a number of states have responded by filing legislation to …