Monthly Archives: <span>April 2022</span>

Indiana Home Remodeling Company to Pay $40,000 EPA Penalty

U.S. Environmental Protection Agency announced a settlement with Two Chicks and a Hammer, Inc., of Indianapolis, Indiana, to resolve alleged violations of the Lead Renovation, Repair and Painting Rule (RPR) that were depicted on the television program “Good Bones.” EPA …

BMS Capital Advisory Leads $45M Capital Raise by Brotherhood Mutual

BMS Capital Advisory (BMS CA) announced it has completed a $45 million private placement of surplus notes issued by Brotherhood Mutual Insurance Company (Brotherhood) to funds managed by Dekania Capital Management, an indirect investment advisory subsidiary of Cohen & Company …

Denial of Restaurants’ Claim Upheld in First Covid-19 Ruling by a New York Appeals Court

An insurer has been upheld in its denial of coverage in a first ruling on Covid-19 business interruption insurance by a New York appellate court. The appeals court upheld a New York county court—and said it agreed with various other …

Southwest Colorado Farmers Plagued by Drought

With his hands stuffed deep into his pockets, Landan Wilson looks down at the ground and scuffs his boot back and forth against the loose blades of alfalfa hay scattered on the dirt. It’s early March, and Wilson is standing …

Mississippi City’s Mayor Vetoes Use of Cameras to Catch Uninsured Drivers

Just as the idea of using street cameras to nab uninsured drivers seemed to be gaining strength, the mayor of a Mississippi city has vetoed it. “Every person who drives a vehicle should have insurance, per state law,” Columbus Mayor …

Amazon Drone Crashes Hit Jeff Bezos’ Delivery Dreams

Jeff Bezos went on 60 Minutes in 2013 and pledged to fill the skies with a fleet of delivery drones that could zip parcels to customers’ homes in 30 minutes. Asked when this future would arrive, the Amazon.com Inc. founder …

Lawsuit Says Boy’s Brain Damaged by Errant Throw at California Stadium

A 6-year-old boy suffered a fractured skull and brain damage when he was accidentally hit by a baseball thrown by a Los Angeles Angels player who was warming up before a 2019 game, according to a lawsuit announced that blames …

Thomas H. Lee Partners to Become Majority Shareholder of Carpe Data

Private equity firm Thomas H. Lee Partners (THL) today said it made a strategic growth investment in Carpe Data, a provider of data products for the insurance industry. With the investment, THL will become the majority shareholder of Carpe Data, …

Chubb’s Greenberg: On War, Ex-CAT Reporting and Insurance Profits

When Chubb published its 2021 annual report online this week, it contained more than the details of the best year in the company’s history. As in past years, the chief executive commented on world events in his letter to shareholders. …

The Insurance Data War: How Old School and New School Can Live in Harmony

Old school vs. new school. Every so often, a debate echoes down the corridor of time as the disrupters of the status quo burst on the scene with novel ways of doing things, while the established players cling to the …