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

World Insurance Associates Acquires C. Walter Searle Insurance Agency

World Insurance Associates LLC (WIA) has acquired C. Walter Searle Insurance Agency LLC of Nutley, New Jersey, on February 1, 2021. Terms of the transaction were not disclosed. Since its founding in 1926, C. Walter Searle has been serving the …

French Retailer Sued over Amazon Deforestation Linked to Cattle Raising

PARIS – Environmental groups and indigenous activists from the Amazon region filed a lawsuit Wednesday in a French court alleging that France-based supermarket chain Groupe Casino is violating human rights and environment rules by selling beef linked to deforestation and …

Largest Wholesale Broker, Amwins, to Acquire Rival Worldwide Facilities

The largest wholesale insurance broker, Amwins Group, is getting even larger as it has agreed to acquire Worldwide Facilities, the fourth-largest wholesale insurance broker in the U.S. The addition of Worldwide broadens Amwins’ specialty capabilities and expands its footprint, especially …

Insurer Aviva Seeks New London Headquarters to Cut Post-Pandemic Office Footprint

Aviva Plc is searching for a new City of London headquarters as the UK insurer prepares to slash its office footprint. The firm started looking for new offices in the financial district early last year, but shelved its plans once …

Upstream Mine Tailings Dams Pose Higher Risks of Instability: Study

The most widespread type of dam used to store mine waste is nearly twice as unstable as the average tailings facility, a global study showed on Friday, highlighting the risk of so-called “upstream” construction techniques that some countries have banned. …

Greensill Downfall Began with Firing of Insurance Manager at Sydney Unit of Tokio Marine

The debacle that led to the unraveling of Lex Greensill’s trade-finance empire began with the firing of a manager at a Sydney unit of insurance giant Tokio Marine Holdings Inc. last year. After the July 8 dismissal by Bond & …

Report: Bias ‘Deeply Entrenched’ in North Carolina Police Force

Racial bias is “deeply entrenched” within a North Carolina police department where officers feel comfortable making blatantly racist comments, according to findings of a study released last month. The report on the Apex Police Department by Raleigh-based Diversity & HR …

Demotech: Investor Interest in Florida Will Diminish Without Legislative Action

As the first insurer rating agency to review and rate independent, regional and specialty insurers, we have a unique understanding of niche markets and serve as a trusted resource to third parties seeking to utilize regional and specialty companies. The …

Judge: Exxon Mobil Must Pay $14.25M Penalty in Pollution Case

A federal judge has ordered Exxon Mobil to pay a $14.25 million civil penalty in an 11-year-old lawsuit alleging it violated the Clean Air Act for eight years at its flagship Baytown, Texas, refinery. In setting the penalty, which would …

Ohio Food Production Plant Faces $136.5K in Penalties for Safety Violations

A Lima, Ohio-based food production facility has been hit with citations and $136,532 in proposed penalties after worker suffers partial arm amputation. The U.S. Department of Labor’s Occupational Safety and Health Administration said a 39-year-old production worker suffered multiple lacerations …