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WHO to Form COVID Insurance Scheme for Vaccine Side-Effects in Poor Nations

BRUSSELS – A vaccine scheme co-led by the World Health Organization is setting up a compensation fund for people in poor nations who might suffer any side-effects from COVID-19 vaccines, aiming to allay fears that could hamper a global rollout …

GM’s Cruise on Top in Consumer Reports Safety Ratings of Driving Assistance Systems

General Motors Co.’s Super Cruise once again edged Tesla’s Autopilot in an evaluation of 17 vehicles equipped with active driving assistance systems (ADAS) by Consumer Reports, the testing organization said on Wednesday. A Tesla Model Y fitted with Autopilot finished …

Utility in California Slow to Pull Plug Before Wildfire Erupted

Correction: In an earlier version of this story, the Associated Press misspelled the last name of Orange County Fire Authority Chief Brian Fennessy. Facing extreme wildfire conditions this week that included hurricane-level winds, the main utility in Northern California cut …

Delaware Workers’ Comp Rates Drop for Fourth Year in a Row

Delaware workers’ compensation insurance rates will decrease for the fourth year in a row, effective December 1, 2020. This comes as the voluntary market is seeing yet another double-digit decrease in loss costs, with an average 11.56% reduction, and residual …

Boston Insurance Brokerage Expands Specialty Offerings; Fell to Lead New Division

Boston Insurance Brokerage (BIB) has announced an expansion of its specialty offerings to include Programs & Compliance. The new division at BIB will be led by Senior Vice President Christopher Fell. BIB has a history of offering unique insurance solutions …

Fast-Moving Zeta Wallops Louisiana, Causes Blackouts Across South; Damages Could Hit $5B

Tropical Storm Zeta is spinning across the U.S. South after walloping New Orleans, blacking out 1.9 million homes and businesses and leaving a trail of wreckage from Louisiana to North Carolina. Zeta made landfall near Cocodrie, Louisiana, with winds of …

Sompo International Names New York’s Gundersen Head of Asian Risk Solutions

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has appointed Sara Gundersen as executive vice president and Asian Risk Solutions segment leader within its Sompo Global Risk Solutions (GRS) business unit. She will …

New Storm Takes Aim at Philippines, Just Days After Devastation of Typhoon Molave

The Philippines is bracing for a new storm that will hit the Southeast Asian nation this weekend, days after Typhoon Molave left at least 16 people dead and thousands in evacuation sites. Goni, which developed into a severe tropical storm, …

Typhoon Molave Slams Vietnam, Killing at Least 16: News Report

Typhoon Molave hit Vietnam’s central coastline and northern Central Highlands with winds of up to 133 kilometers per hour on Wednesday, triggering landslides in Quang Nam province, VnExpress news website reported, citing local authorities. Authorities reported 16 deaths, 12 injured …

James River Names Former Allied World Executive D’Orazio as CEO, Succeeding Abram

James River Group Holdings Ltd. announced that Frank D’Orazio has been named chief executive officer of the company, effective Nov. 2, 2020. J. Adam Abram, the company’s founder and current CEO will retire on Nov. 1, 2020. Abram will remain …

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