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

$5M Claims Filed Against Seattle for Handling of Mayor’s Texts

Two now-former public records officers who blew the whistle about Seattle Mayor Jenny Durkan’s missing text messages have each filed $5 million claims against the city, saying they faced retaliation and felt compelled to resign. Records officer Stacy Irwin, with …

Fire At Washington Businesses Probed as Arson

A fire that extensively damaged businesses just south of Seattle in White Center early Monday is now under investigation as arson by the King County Sheriff’s Office. The incident was reclassified due to new evidence, according to Sheriff’s Office spokesperson …

Remote Working Causes Cyber Attacks to Skyrocket, Says Financial Stability Board

Financial firms may need to bolster their defenses in the face of rocketing cyber attacks after employees began working from home, the Financial Stability Board (FSB) said on Tuesday. The FSB, which coordinates financial rules for the G20 group of …

Olympics Ban on Spectators to Cost Reinsurers Far Less Than Cancellation: Fitch

Japan’s decision to bar spectators from the Tokyo Olympics is likely to cost the global reinsurance sector $300 million to $400 million due to payouts for ticket and hospitality refunds, Fitch Ratings says. However, this is only 10%–15% of the …

People Moves: New Hires at Conner Strong & Buckelew, Markel Corporation, LL Global

Conner Strong & Buckelew Hires Hanna as Vice President of Enterprise Risk Management Conner Strong & Buckelew, a Camden, New Jersey-based insurance, risk management and employee benefits brokerage and consulting firm, has hired Ed Hanna as vice president of enterprise …

Broker Ardonagh Opens Data and Risk Management Center in Ireland, Bringing 60 Jobs

The Ardonagh Group, a top 20 global insurance broker and the UK’s largest independent insurance broker, announced it will open the Ardonagh Global Data and Risk Management Centre this month, bringing 60 new highly skilled, data science and analysis roles …

Hub International Limited Acquires Virginia’s Pete Webb Agency

Hub International Limited (Hub), a global insurance brokerage and financial services firm, has acquired the insurance brokerage assets of Pete Webb Agency. Terms of the transaction were not disclosed. Owner Pete Webb was previously part of Nationwide Mutual Insurance Company’s …

Swiss Markets Watchdog FINMA Names Angehrn from Zurich Insurance as Next CEO

ZURICH – Switzerland’s markets watchdog FINMA on Tuesday named Zurich Insurance chief investment officer Urban Angehrn as its new boss, tapping an insurance industry veteran to lead the financial supervisor. Angehrn will take charge at the Swiss markets authority as …

Former Maryland Office Administrator Faces Federal Charges for Defrauding Employer

A former office administrator in Maryland is facing federal charges for defrauding her employer of more than $700,000 for fraudulently obtaining social security disability payments and for tax evasion. A federal grand jury has returned an indictment charging Linda Pylant, …

Ever Given Container Ship Resumes Trip to Rotterdam After 112 Days in Egypt’s Waters

The Ever Given container ship that had blocked the Suez Canal in March left Egyptian waters at 4 a.m. local time following inspections at Port Said, a canal source said on Tuesday. Ship tracker MarineTraffic showed the Ever Given to …