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

Pandemic Uncertainty Hasn’t Slowed Private Equity Investments in Insurance: S&P Global

Private equity and venture capital firms have been pouring capital into insurance companies despite the uncertainties about claims and losses from the pandemic, according to a new analysis from S&P Global Market Intelligence. PE-backed M&A in the sector globally reached …

‘Mission: Impossible’ Movie Producer Sues Insurer Over 7 Coronavirus Stoppages

Production on the new “Mission: Impossible” movie was shut down seven times due to the coronavirus pandemic, according to a lawsuit filed on Monday that accuses the film’s insurance company of failing to pay out for all but one of …

Uber Proposes Gig Industry Benefits Model in Canada

Uber Technologies Inc. on Monday proposed a plan for a flexible benefits fund for app-based ride-hail and food delivery drivers in Canada under which all gig industry players would share data on workers’ hours and earnings. Under the preliminary proposal …

People Moves: New Hires at Buckle, Plymouth Rock Assurance

Buckle Appoints Sinclair to Newly Created Position of Chief People Officer Buckle, a tech-enabled financial services company, appointed Cheryl Sinclair to the company’s newly created position of chief people officer. She is responsible for developing Buckle’s human resources strategy, including …

Connecticut Insurance Department to Host Conference on Climate Change, Insurance

The Connecticut Insurance Department and U.S. experts on climate change, resiliency, mitigation and adaptation are leading a discussion on what the insurance industry should consider to mitigate and adapt. On October 13 and 14, the department is hosting The Connecticut …

Massachusetts Contractor Faces $1.3M in Penalties After Workers Die at Dig Site

At a Boston sewer repair worksite in February, Jordy Alexander Castaneda Romero and Juan Carlos Figueroa Gutierrez died after a dump truck struck and pushed them into a nine-foot deep trench. For their employer, Atlantic Coast Utilities LLC/Advanced Utilities Inc., …

South Carolina Supreme Court to Hear Pair of Mask Mandate Lawsuits

South Carolina’s highest court will hear two challenges to the state’s refusal to let school districts require masks for students and teachers this week. The state Supreme Court has set aside two hours to hear the cases Tuesday. South Carolina …

Insurers Settle Washington Boys Home Sex Abuse Case for $9M

Insurance companies have settled another sexual abuse lawsuit brought against Kiwanis International, this time for $9 million in a case involving seven men who were sexually abused at a Centralia, Washington, group home for boys decades ago. The state placed …

Heavy Rainfall Expected Across Southeast Tuesday as Ida Weakens

Tropical Depression Ida is expected to cause considerable rainfall across the southeastern states Tuesday with flood and flash flood watches in effect from the Gulf Coast Region through the Tennessee and Ohio Valleys into the central and southern Appalachians. The …

Chubb Unit Insurance Dispute Complicates Boy Scouts Abuse Victims’ Deal

A dispute over whether a unit of insurance giant Chubb Ltd. must contribute to a trust fund for sexually abused Boy Scouts is complicating talks to end the youth group’s bankruptcy case. Lawyers for more than 80,000 people who say …