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Women Charged in Western Maryland Mobile Home Arson

Two women linked to a mobile home fire in western Maryland last week have been charged with arson, according to Maryland fire investigators. The Office of the State Fire Marshal announced that investigators determined that the women, aged 39 and …

Massachusetts Man Charged with Identity Theft in Attempt to Buy Luxury Car

A Massachusetts man is suspected of stealing the identities of two people in an attempt to buy an $83,000 car, federal prosecutors said. Brandon Brouillard, 27, of Worcester, was indicted last week on bank fraud and aggravated identity theft charges, …

Egypt Expects to Finalize Ever Given Compensation Deal Next Week

Egypt expects to finalize an agreement next week for compensation over the giant ship that blocked the Suez Canal in March, according to the waterway’s top official. The Suez Canal Authority will sign a deal with the owners and insurers …

Arch Reinsurance to Acquire UK’s Somerset Bridge Group

Arch Reinsurance Ltd., a subsidiary of Arch Capital Group Ltd., announced it plans to acquire Somerset Bridge Group Ltd., Southern Rock Holdings Ltd. and Somerset affiliates, subject to regulatory approval. The proposed acquisition will include Somerset’s motor managing general agent, …

Drought Indicators in Western States Flash Warnings of the ‘Big One’

Sarah Brunner opened the irrigation spigots on her farm in March, three months early. The rain should have still been falling in California. Now that summer is taking hold, she and her husband are considering shifting their meager water supplies …

Chaucer Forms Lloyd’s Consortium for Firms Working on China’s Belt & Road Initiative

Chaucer, the London-based specialty re/insurance group, announced the launch of a new Belt and Road Consortium at Lloyd’s, which initially will underwrite political violence risks, with future solutions in development for other lines of business. Working with China Re, Chaucer’s …

Some House Republicans Eye Private Sector Plan to Address Climate Change

U.S. House Republicans aim to use private sector to tackle climate change WASHINGTON, June 23 (Reuters) – More than 50 Republicans in the U.S. House of Representatives on Wednesday formed a group to discuss how to use the free market …

Singapore Reinsurers’ Association Re-elects Executive Committee

The Singapore Reinsurers’ Association (SRA) has re-elected three retiring members of its executive team, which resulted in an unchanged EXCO line-up for the 2021-2022 term. The full line-up of the SRA EXCO is: SRA’s chairman is Marc Haushofer from Validus …

Exxon Weighs Next Move After Judge Rules It Must Face Massachusetts Climate Suit

A Massachusetts state judge has rejected Exxon Mobil Corp.’s bid to dismiss a lawsuit by state Attorney General Maura Healey accusing the oil company of misleading consumers and investors about its role in climate change. In a decision released on …

How the Return to the Office Is Pushing Even More Women Out of Work

The pandemic took a toll on the careers of many working mothers. A rush back to the office is shaping up to be just as damaging. The lack of child care and in-person schooling that has pushed millions of women …

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