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Tornados Leave 2 Dead in Arkansas; Governor Says State Avoided Worst of Storm

Two people were killed in northeastern Arkansas as tornadoes struck several states in the region, Gov. Asa Hutchinson said Saturday, Dec. 11 in Monette. One person at Monette Manor nursing home in Monette and one person inside a Dollar General …

People Moves: Lezaj to Lead Zurich Complex Casualty; MMC Names Bouchard as Climate Director

Lezaj to Lead New Zurich Middle Market Complex Casualty Unit Zurich North America has created a Complex Casualty unit to support its customers in the upper middle-market segment. Steve Lezaj, a veteran insurance executive, has been appointed to lead this …

Extreme Winds in Ontario Knock Down Trees, Power Lines, Cutting Electricity for 80,000

More than 80,000 customers in Canada’s most populous province remain without electricity after extreme winds swept through several Ontario cities on Saturday, knocking down trees, breaking utility poles and downing power lines. More than 490,000 Hydro One Ltd. customers had …

China’s Alibaba Fires Woman Who Accused Boss of Sexual Assault in #MeToo Setback

Alibaba Group Holding Ltd. has fired a woman who accused a manager of sexual assault, a surprise move that came just months after China’s e-commerce leader admitted bungling its initial response to the allegation. The employee surnamed Zhou told the …

Supreme Court Turns Away J&J’s Bid to Avoid State’s Talc Warning Lawsuit

The U.S. Supreme Court on Monday declined to hear a bid by Johnson & Johnson to throw out a lawsuit brought by the state of Mississippi over allegations that the company failed to inform residents that its talc-based products increased …

IICF Northeast Benefit Event Raises Nearly $1.3M to Support Non-Profits

The Insurance Industry Charitable Foundation (IICF) raised nearly $1.3 million at its 15th Anniversary Northeast Division Benefit Event on December 7 at the Ziegfeld Ballroom in New York City. IICF is a nonprofit organization dedicated to helping communities, and its …

Supreme Court Seeks Biden Administration View on Bayer Weedkiller Appeal

The U.S. Supreme Court on Monday asked President Joe Biden’s administration for its views on whether the justices should hear Bayer AG’s bid to dismiss claims by customers who contend its Roundup weedkiller causes cancer, as the company seeks to …

Hub Acquires Assets of Basi Insurance Services in California

Hub International Ltd. acquired the assets of Basi Insurance Services Inc. in California Terms of the deal were not disclosed. Randy Basi, president and CEO of Basi Insurance Services, will report to Michael Der Manouel, executive vice president of Hub …

Insurtech Coalition Forms Captive Insurer to Enhance Cyber Insurance Capacity

Managing general insurance agency and cyber security company Coalition has launched a captive insurer to begin taking risk on its cyber insurance programs. The captive, domiciled in Hawaii, will provide capacity in addition to its current long-term capacity agreements from …

From Wildfires to Floods, Climate Change Worsens Extreme Weather Across Globe

Extreme weather events in 2021 shattered records around the globe. Hundreds died in storms and heatwaves. Farmers struggled with drought, and in some cases with locust plagues. Wildfires set new records for carbon emissions, while swallowing forests, towns and homes. …

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