Monthly Archives: <span>August 2023</span>

Nova Scotia Floods Cost Insurers More Than C$170 Million

An atmospheric river event that led to significant flooding in parts of Nova Scotia on July 23, 2023, is estimated to have caused over C$170 million (US$125.5 million) in insured damage, according to initial estimates from Catastrophe Indices and Quantification …

Murdaugh’s Friend Pleads to More Charges in Helping Steal Insurance Funds

Convicted murderer Alex Murdaugh `s old college buddy has pleaded guilty to a second set of charges for helping the disgraced South Carolina attorney steal millions of dollars of insurance settlements from the sons of Murdaugh’s dead housekeeper. Cory Fleming, …

Swiss Re Ordered to Pay Former Underwriter $1.6M for Sexism, Unfair Dismissal

A former Swiss Re underwriter has been awarded nearly 1.3 million pounds ($1.6 million) by a London employment tribunal for sexual discrimination and unfair dismissal. Julia Sommer joined Zurich-based Swiss Re in 2017 as a political risk underwriter in London …

Contingency Broker 1783 Group Joins Global Network, Brokerslink

Global broking business, Brokerslink, has added sports, music and entertainment contingency broker 1783 Group to its network. The new specialist affiliate operates in the world of sports, music, film and TV, and other esoteric risks. Striving to make the world …

US Corn Harvest Is in Trouble

Sagging ears just short of maturity, cobs half bare of kernels as if nibbled, earth so dry that deep cracks criss-cross the fields: The US corn harvest is in trouble. The signs were already there in South Dakota. Scouts surveying …

County Of Maui Sues Hawaiian Electric for Negligence Leading to Fires

The county of Maui, Hawaii, on Thursday sued Hawaiian Electric HE.N accusing the power company of acting negligently by failing to shut down its equipment despite warnings hurricane winds could knock power lines down, sparking wildfires. The county said downed …

UK Issues Record Number of Work Visas to Fill Staff Shortages

A record 321,000 visas were issued for migrants to work in the UK in the year to June as employers scrambled to recruit from overseas amid ongoing labor shortages, according to official figures. The Home Office data showed how reliant …

China’s Regulator Meets With Foreign Investors to Alleviate Concerns: Sources

China’s securities regulator met with representatives from top Western asset managers on Friday to reassure them about the country’s economic prospects, as its post-COVID recovery falters, two people with knowledge of the matter told Reuters. The China Securities and Regulatory …

Pennsylvania Court Says State Police Must Show How They Monitor Social Media

Pennsylvania`s Supreme Court ruled Tuesday that the state police can`t hide from the public its policy on how it monitors social media. Advocates for civil liberties cheered the decision. The law enforcement agency had argued that fully disclosing its policy …

People Moves: Hunter Leads New Axis Inland Marine Unit; Patel Joins Socotra as Chief Product and Technology Officer

Axis Launches North American Inland Marine Unit Led by Hunter Kristen Hunter joined AXIS Capital Holdings Limited, headquartered in Pembroke, Bermuda, as head of newly launched inland marine, North America. Previously, Hunter worked at Berkshire Hathaway, where she was vice …