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Connecticut Worker Injured in 50-Foot Fall from Tree

A worker in Connecticut suffered serious injuries Monday when he fell about 50 feet from a tree and landed on a small shed, police said. The man was up in the tree in Mystic preparing it for removal when it …

Analysis: Exit from Paris Agreement Creates Climate Liability for U.S. Businesses

The outcome of the U.S. general election is not yet clear. What’s been obvious for months is that climate change was on the ballot, and the U.S. election matters for global climate action. And one thing is certain: The U.S. …

Lloyd’s Drops Plan to Form Electronic Exchanges, Opting to Work with Existing Platforms

Lloyd’s of London has dropped ambitious plans to set up its own electronic exchanges and will work with other existing platforms to speed up the underwriting process and cut costs, the commercial insurance market said on Thursday. Lloyd’s said last …

Another Severe Storm Threatens Philippines Just Days After Super Typhoon Goni

The Philippines is bracing for a severe tropical storm that’s expected to hit its northern tip days after Super Typhoon Goni left. Storm Atsani will likely strengthen into a typhoon with peak intensity of 120 kilometers per hour as it …

K2 Financial Receives Additional Capacity from Chaucer

K2 International (K2), the specialty insurance and reinsurance underwriting platform, announced it has secured additional capacity support from Chaucer, the specialty re/insurance group. The agreement, which is effective from Nov. 1, 2020, will allow K2 Financial to provide significant capacity …

Insurer RSA Says Pandemic Exclusions Will Limit Impact of England’s 2nd Lockdown

England’s second national lockdown is unlikely to have much impact on insurer RSA as many policies now have pandemic-related exclusions, its CEO said on Thursday as it reported a rise in underwriting profit in the first nine months. England started …

Hyperion Insurance Group Rebrands as Howden Group Holdings

Hyperion Insurance Group announced that it has changed its name to Howden Group Holdings, effective immediately. The group was founded in 1994 as Howden Pangborn. The Hyperion name came into existence after the launch of the group’s underwriting business DUAL …

Threat of U.S. Insurance Regulatory Crackdown Fades Without Democratic ‘Blue Wave’

Insurers appear to have dodged a revival of strict regulations and policy upheavals after an anticipated Democratic “Blue Wave,” which would have allowed progressives to push for broad reforms, failed to materialize on Wednesday, said industry executives. The U.S. presidential …

Garateix Promoted to CEO of Heritage Insurance as Lucas Steps Down

Heritage Insurance Holdings, Inc., a super-regional property and casualty insurance holding company, has announced Ernie Garateix, the company’s chief operating officer, has been promoted to chief executive officer and will join the board of directors, effective Nov. 30, 2020. Bruce …

MJ Hall & Co. Adds Scottish American’s Buchanan in California

MJ Hall & Co. has named Stephanie Buchanan a lead broker specializing in commercial lines in the Stockton, Calif., office. Buchanan joins the team with experience in commercial lines brokerage, social media and marketing. She previously spent four years as …

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