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

Businesses, States Reluctant to Require Customers to Show Proof of Vaccine

Customers wanting to wine, dine and unwind to live music at the City Winery’s flagship restaurant in New York must show proof of a COVID-19 vaccination to get in. But that’s not required at most other dining establishments in the …

J&J Reports $263M Resolution of N.Y. Opioid Lawsuits Before Trial

Johnson & Johnson said it agreed to pay $263 million to resolve opioid lawsuits filed in New York, settling the cases on the eve of the first U.S. jury trial over claims the company mishandled the highly addictive painkillers. The …

Today Is National Insurance Awareness Day

National Insurance Awareness Day on June 28 is meant as a reminder for individuals, families and businesses to review their insurance policies and take steps to prevent being underinsured. The review should include windstorm and a flood insurance coverages, according …

Inspector Told Residents Surfside Condo Building Was Safe Despite Engineer’s Warning

A town inspector had assured residents of a high-rise condominium in Surfside, Florida, that their building was sound a month after an engineering report warned of major structural damage that required prompt repair in 2018, U.S. media reported. The Champlain …

2018 Engineering Report Showed ‘Major’ Damage to Florida Condo That Fell

The ground-floor pool deck of the oceanfront condominium building that collapsed near Miami was resting on a concrete slab that had “major structural damage” and needed to be extensively repaired, according to a 2018 engineering report that also uncovered “abundant …

Insured Losses for March’s New South Wales, Queensland Floods Estimated at A$916M

PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, disclosed its second industry loss estimate for the New South Wales and Queensland floods, which occurred in March 2021. The second estimate of the insurance market loss is A$916 …

Update: Hurricane Enrique Brushes Past Mexico’s Pacific Coast

MEXICO CITY – The first hurricane of the eastern Pacific season brushed past the coastal shoulder of southwestern Mexico Monday, keeping just off shore while sweeping the coast with heavy rains and winds that raised the threat of flash floods …

Dutch Insurer NN Group Offers to Buy Part of MetLife’s European Businesses

NN Group NV offered to acquire part of MetLife Inc.’s businesses in Europe, saying the move is in line with its strategy to consolidate leading positions in attractive growth markets. The Dutch insurer said in a statement Sunday that it …

UK Accounting Regulator Probes Greensill and Wyelands Bank Auditors

LONDON – Britain’s accounting regulator said on Monday it has opened investigations into the audits of Greensill Capital and Wyelands Bank as regulatory scrutiny of the companies intensifies. Wyelands Bank is owned by steel tycoon Sanjeev Gupta’s metals-to-finance empire GFG …

Hiscox Agrees to Arbitration Settlement with UK Policyholders over COVID-19 BI Losses

Hiscox has agreed an arbitration settlement with a group of policyholders over business interruption losses due to the government’s COVID-19 lockdown last year, the Lloyd’s of London insurer said on Monday. Hiscox was one of six of the world’s largest …