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

Judge Rejects Spouse’s Wrongful Death Suit Against Airline Over Lax Covid Safety

Citing a concern over “opening the floodgates” to litigation, a federal judge has dismissed a flight attendant’s negligence lawsuit against her employer, Southwest Airlines, which she blamed for her husband’s death from Covid-19. The flight attendant, Carol Madden, claimed that …

Prince Charles Launches Partnership with Insurance Industry to Tackle Climate Change

His Royal Highness the Prince of Wales launched his Sustainable Markets Initiative (SMI) Insurance Task Force during a visit today at Lloyd’s. The SMI Insurance Task Force, convened by Prince Charles and chaired by Lloyd’s, is comprised of executives from …

Women Charged in Western Maryland Mobile Home Arson

Two women linked to a mobile home fire in western Maryland last week have been charged with arson, according to Maryland fire investigators. The Office of the State Fire Marshal announced that investigators determined that the women, aged 39 and …

Massachusetts Man Charged with Identity Theft in Attempt to Buy Luxury Car

A Massachusetts man is suspected of stealing the identities of two people in an attempt to buy an $83,000 car, federal prosecutors said. Brandon Brouillard, 27, of Worcester, was indicted last week on bank fraud and aggravated identity theft charges, …

Egypt Expects to Finalize Ever Given Compensation Deal Next Week

Egypt expects to finalize an agreement next week for compensation over the giant ship that blocked the Suez Canal in March, according to the waterway’s top official. The Suez Canal Authority will sign a deal with the owners and insurers …

Arch Reinsurance to Acquire UK’s Somerset Bridge Group

Arch Reinsurance Ltd., a subsidiary of Arch Capital Group Ltd., announced it plans to acquire Somerset Bridge Group Ltd., Southern Rock Holdings Ltd. and Somerset affiliates, subject to regulatory approval. The proposed acquisition will include Somerset’s motor managing general agent, …

Drought Indicators in Western States Flash Warnings of the ‘Big One’

Sarah Brunner opened the irrigation spigots on her farm in March, three months early. The rain should have still been falling in California. Now that summer is taking hold, she and her husband are considering shifting their meager water supplies …

Chaucer Forms Lloyd’s Consortium for Firms Working on China’s Belt & Road Initiative

Chaucer, the London-based specialty re/insurance group, announced the launch of a new Belt and Road Consortium at Lloyd’s, which initially will underwrite political violence risks, with future solutions in development for other lines of business. Working with China Re, Chaucer’s …

Some House Republicans Eye Private Sector Plan to Address Climate Change

U.S. House Republicans aim to use private sector to tackle climate change WASHINGTON, June 23 (Reuters) – More than 50 Republicans in the U.S. House of Representatives on Wednesday formed a group to discuss how to use the free market …

Singapore Reinsurers’ Association Re-elects Executive Committee

The Singapore Reinsurers’ Association (SRA) has re-elected three retiring members of its executive team, which resulted in an unchanged EXCO line-up for the 2021-2022 term. The full line-up of the SRA EXCO is: SRA’s chairman is Marc Haushofer from Validus …