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Swiss Markets Watchdog FINMA Names Angehrn from Zurich Insurance as Next CEO

ZURICH – Switzerland’s markets watchdog FINMA on Tuesday named Zurich Insurance chief investment officer Urban Angehrn as its new boss, tapping an insurance industry veteran to lead the financial supervisor. Angehrn will take charge at the Swiss markets authority as …

Former Maryland Office Administrator Faces Federal Charges for Defrauding Employer

A former office administrator in Maryland is facing federal charges for defrauding her employer of more than $700,000 for fraudulently obtaining social security disability payments and for tax evasion. A federal grand jury has returned an indictment charging Linda Pylant, …

Ever Given Container Ship Resumes Trip to Rotterdam After 112 Days in Egypt’s Waters

The Ever Given container ship that had blocked the Suez Canal in March left Egyptian waters at 4 a.m. local time following inspections at Port Said, a canal source said on Tuesday. Ship tracker MarineTraffic showed the Ever Given to …

Rising COVID Outbreaks on Ships Endanger Maritime Workers, Risk Trade Disruptions

Global vaccinations of seafarers are going too slowly to prevent outbreaks on ships from causing more trade disruptions, endangering maritime workers and potentially slowing economies trying to pull out of pandemic slowdowns. Infections on vessels could further harm already strained …

Canadian Municipalities Face Surging Liability Insurance Costs

TORONTO – Canadian municipalities reeling from a pandemic-driven hit to revenues are facing an added blow from surging liability insurance costs, forcing them to raise property taxes or even cut services for residents. The increase in premiums, about 20% to …

Missouri Grain Facility Cited for Safety Failures, Fined $215.5K

A Missouri grain facility faces more than $215,000 in penalties after being cited for one willful and six serious safety violations following an explosion that seriously injured an employee. According to the U.S. Department of Labor Occupational Safety and Health …

Report: Uptake of Earthquake Insurance in Missouri Drops to Historic Low

New report from Missouri insurance regulators shows earthquake coverage plummeting amid sharply escalating insurance premiums. The new Earthquake Insurance Market Report from the Missouri Department of Commerce and Insurance (DCI) shows that earthquake coverage in the six-county New Madrid region …

Officials Link Cases of Legionnaires’ Disease to Minnesota Hotel Spa

State health officials are investigating cases of Legionnaires’ disease linked to an Albert Lea, Minn., hotel. Early evidence suggests the source of the respiratory disease may be the spa at the at the Ramada by Wyndham, according to the Minnesota …

Insurance Marketplace Policygenius in Talks to Go Public Via SPAC

Policygenius Inc., an online insurance marketplace, is in talks to go public through a merger with the blank-check company PWP Forward Acquisition Corp. I, according to people with knowledge of the matter. A valuation for the transaction hasn’t yet been …

Ryan Specialty Launches Initial Public Offering with 57M Shares

Chicago-based insurance broker Ryan Specialty Group Holdings has filed for its planned initial public offering. Ryan Specialty is offering 56,918,278 shares of its Class A common stock pursuant to a registration statement on Form S-1 filed with the Securities and …

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