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Typhoon Rai Leaves Trail of Destruction in Southeast Asia, Killing More Than 200

Severe weather disruptions hit Malaysia and the Philippines, leaving a trail of destruction among nations most prone to natural disasters. Typhoon Rai, a super typhoon before slamming into the Philippines on Thursday, left 208 dead along its path. More than …

Insurer Storebrand to Buy Norwegian Pensions Unit From Danske Bank for $221M

OSLO/COPENHAGEN – Insurer Storebrand has agreed to buy the Norwegian unit of Danish pension provider Danica from Danske Bank, the companies said on Monday. Norway’s Storebrand will pay 2.01 billion Norwegian crowns ($221.4 million) for Danica Pensjonsforsikring AS, the sixth-largest …

Argo Announces Sale of ArgoGlobal SE as Group Focuses on U.S. Specialty Insurance

Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance, announced an agreement to sell its Malta business operations, ArgoGlobal Holdings (Malta) Ltd. and its subsidiaries, to Riverstone Holdings Ltd. (part of the RiverStone International group), an acquirer and …

Kansas Wildfires Kill Two

Two men have died from injuries suffered in wildfires that have burned hundreds of thousands of acres across Kansas last week, authorities said Friday, Dec. 17. Richard Shimanek, 84, a farmer and rancher who lived near Leoti, died Thursday night …

Merrill Leaves CEO Spot at CoventBridge Investigations Firm

The founder and head of CoventBridge Group, a major investigations firm for the insurance industry, will be stepping down as CEO and will now serve as vice chairman of the company, CoventBridge announced. Dave Merrill, who launched the Jacksonville-based surveillance …

Fire Destroys Huge QVC Distribution Center in North Carolina

What was described as a “massive” fire destroyed most of a sprawling QVC distribution center in Rocky Mount, North Carolina, shutting down a major employer just days before Christmas. About 75% of the home-shopping network facility was destroyed in the …

Former Citizens President Cleared of Waterway Excavation Infraction

The former president of Florida’s Citizens Property Insurance Corp. has been found not guilty by a federal jury after he was charged with excavating a channel without authorization at his waterfront mansion. Thomas Grady, now the chairman of the Florida …

Ruling Against Purdue’s Sacklers Puts Controversial Bankruptcy Tactic in Spotlight

A federal judge’s decision to unravel a settlement shielding members of the Sackler family from future opioid litigation could upend a controversial corner of U.S. bankruptcy law: protecting third parties who have not filed for Chapter 11 themselves. In a …

Court OKs Biden Covid Vaccine Mandate for Employers; Supreme Court Appeal Likely

A federal appeals court panel on Friday allowed President Joe Biden’s COVID-19 vaccine mandate for larger private employers to move ahead, reversing a previous decision on a requirement that could affect some 84 million U.S workers. The 2-1 decision by …

Update: After Latest Court Ruling, Must Employers Follow Biden’s Vaccine Mandates?

Tens of millions of workers across the U.S. are in limbo as federal courts have issued different rulings related to President Joe Biden’s COVID-19 vaccine mandates for larger private companies, certain health care workers and federal government contractors. A federal …

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