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Specialty Re/insurer Chaucer Launches Bermuda Reinsurance Branch for U.S. Business

Chaucer, the London-based specialty re/insurance group, announced the launch of a reinsurance branch in Bermuda to provide U.S. clients with greater access to its underwriting expertise and capacity. This follows the receipt of the necessary regulatory approvals from the Bermuda …

HSB Offers Consultancy Services in UK, Ireland to Help Firms Improve Life of Equipment

HSB is expanding its engineering services to deliver consultancy services that enable businesses to improve efficiency and meet their compliance obligations. Using the technical knowledge and expertise of its engineers, HSB’s new range of consultancy services will provide businesses with …

Medical Costs of COVID Patients 50% Higher Than Before Hospitalization: German Study

Medical costs of German COVID-19 patients who have left hospitals are on average 50% higher than before they were admitted, data from a major insurer showed, a sign that even those who have recovered struggle to regain full health. The …

AXA Disputes Ruling that It Must Pay Millions of Euros in Back Taxes: News Report

AXA SA was ordered to pay tens of millions of euros in back taxes last year after French fiscal authorities deemed a Luxembourg-based structure was improperly used to avoid tax payments in France, Mediapart reported on Sunday. French fiscal authorities …

Flooding in North Carolina Prompts State of Emergency

Flooding from heavy rains across North Carolina prompted Gov. Roy Cooper to declare a state of emergency on Friday as searchers looked for a 1-year-old and an adult who disappeared when high water swept through a campground. In addition to …

Lockton Hires Aon’s Stine as Midwest Series VP in St. Louis

Lockton has added Casey Stine as a vice president and Business Development consultant for the firm’s Midwest Series. Stine, who has nearly a decade of experience in employee benefits and corporate human resource consulting, is located in the firm’s St. …

World Insurance Associates Acquires Indiana’s Ball Insurance

Ball Insurance Services (Ball Insurance) of Northwest Indiana has been acquired by World Insurance Associates LLC. Ball Insurance, based in Merrillville, Ind., is a property/casualty-focused agency, specializing in auto and motorcycle insurance. The agency has been in business since 1962. …

GM Recalling 69,000 Chevy Bolt Electric Cars Over Fire Risk

General Motors Co. said on Friday it was recalling 68,677 electric cars worldwide that pose a fire risk after five reported fires and two minor injuries. The recall is for 2017-2019 model year Chevrolet Bolt EVs with high voltage batteries …

Kevelighan: Talks with Institutes on Creating 21st Century Triple III Began Years Ago

Affiliating with The Institutes provides an opportunity for the industry’s Insurance Information Institute (III) to become more of a 21st Century trade association, rather than one suited for the 1950s, according to the III executive behind the move. III CEO …

McDonald’s Plans Safety Checks of All Restaurants as COVID Cases Surge

McDonald’s Corp. will inspect all its U.S. restaurants to ensure compliance with safety standards as coronavirus cases surge again and “COVID fatigue” sets in, according to an internal note seen by Reuters on Friday. “It is apparent we are entering …

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