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

Teen Ordered to Trial in Fatal Philadelphia Bowling Alley Shooting

A 17-year-old youth has been ordered to stand trial in a bowling alley shooting near Philadelphia last month that left one person dead and four others hospitalized. A Montgomery County district court judge ordered Jamel Barnwell of East Lansdowne to …

Google Hires Deloitte’s Walsh to Lead North American Insurance Business

Google has hired former Deloitte Digital partner Nigel Walsh to lead its insurance business in North America. Walsh disclosed the news on Twitter and LinkedIn. He noted on LinkedIn that he’ll be part of a team led by Yolande Piazza, …

Maine Man Sues Paper Mill Over Levels of ‘Forever Chemicals’

A Maine man is suing a paper mill company that operates in the state about levels of long-lasting chemicals in wells and elsewhere. Nathan Saunders of Fairfield filed the lawsuit Friday against Boston-based Sappi North America. The lawsuit concerns per- …

Insurers Face Disputes with Their Reinsurers over UK COVID-19 Business Income Claims

Top insurance companies, ordered by Britain’s highest court to pay thousands of small businesses millions of pounds in claims for COVID-19 disruption, are facing a battle with reinsurers over who should foot the bill, industry sources said. Bars, beauty parlors, …

Italy’s Generali Expects to Hit 2021 Targets After Reporting ‘Excellent’ Results in 2020

MILAN – Generali is confident it can hit its targets this year after Italy’s biggest insurer overcame a negative impact from the coronavirus crisis in 2020 to deliver a record operating profit. Operating profit, which is closely watched by the …

German Insurtech Wefox Plans to Launch Product that Warns of Looming Danger

BERLIN – German insurance tech startup Wefox plans to launch a risk prevention product that will use data from smartphones and other connected devices to warn users of impending danger, its founder and CEO Julian Teicke told Reuters on Thursday. …

Insurance Agents on the Front Line of Florida’s Mounting Property Market Problems

While carriers face growing financial losses in Florida’s distressed property insurance market, insurance agents are on the front lines trying to help their clients who are being hit with double-digit rate increases, non-renewals, coverage restrictions or refusals from the admitted …

What Stakeholders Are Saying About the Florida Insurance Market

Florida stakeholders are pushing hard for the Florida Legislature to enact property insurance reforms this year to help the state address what has been deemed a market crisis. Read on for what everyone from the state’s insurance consumer advocate, to …

Canada’s Trans Mountain Pipeline Wants to Keep Insurers Secret from Project Protestors

Trans Mountain Pipeline LP is petitioning to keep the insurers of its controversial Canadian oil sands pipeline confidential as environmental groups urge insurance companies to drop their coverage. The pipeline company normally discloses the insurance companies in a so-called Financial …

Credit Suisse Faces Questions from Regulators, Insurers After Collapse of Greensill Funds

ZURICH/TOKYO – Credit Suisse faces questions from regulators and insurers as it grapples with the fallout from the collapse of $10 billion worth of funds linked to British financial services firm Greensill Capital. The Swiss bank has hired external firms …