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The Schinnerer Group Acquires Colorado’s ICAT

The Schinnerer Group has entered into an agreement to acquire Broomfield, Colo.-based International Catastrophe Insurance Managers LLC from the Paraline Group. The deal is expected to close in the third quarter of 2017. Terms were not disclosed. ICAT is a …

What Agents Want from Carriers in 2022: Survey

Independent agents and brokers who work primarily in personal lines believe competitive pricing, carrier technology and customer service will be more important in five years than they are now. The sentiment is quite different in commercial lines, where agents say …

Blockchain Used as Settlement Mechanism for Cat Bond with Parametric Trigger

Financial markets are showing some signs of volatility these days after exceptionally low indicators since the start of the 2017. The Chicago Board Options Exchange Volatility Index, or VIX, is at its highest level this year. The VVIX Index, which …

Six Workers Sue New York’s Swanky Plaza Hotel, Allege Sexual Harassment

Six current or former employees have filed a sexual harassment lawsuit against The Plaza Hotel. The bartenders, servers and hospitality coordinators say they were groped, catcalled and propositioned by managers and other co-workers while working at the New York City …

New Jersey’s Meeker Sharkey & Hurley Hires Henry as VP of Business Development

Meeker Sharkey & Hurley, a New Jersey-based provider of personal and commercial insurance, employee benefits and risk management services, has hired Dan Henry as vice president of business development. In this role, he is responsible for new business across the …

Delaware Police Continuing Probe Into Alleged Prescription Fraud

Delaware State Police say more arrests are expected in an investigation involving a Philadelphia woman accused of distributing fraudulent prescriptions for controlled substances. Police said Thursday that 49-year-old Annette Scott stole blank prescription pads from a Wilmington-area doctor’s office where …

UK’s Dithering Over Transitional Brexit Deal Must Stop: Opinion

The Brexit deadline of March 2019 creeps ever closer, and exit talks are under way — but Britain’s government still doesn’t know what it wants. This failure to set a clear goal, much less devise a strategy for achieving it, …

Uber Improves Work Conditions for UK Drivers Including Tipping via App

Taxi app Uber will improve conditions for its British drivers with changes including in-app tipping, after criticism from lawmakers and unions for not giving them more rights. Drivers for Uber, food courier Deliveroo and other apps tend to work for …

Climate Change Altering River Flood Patterns in Europe: Study

Climate change is affecting the timing of river floods across Europe and societies may have to adapt to avoid future economic and environmental harm, scientists said. River floods are among the costliest natural disasters worldwide, causing annual damages of more …

GM to Fight $1B Settlement over Faulty Ignition Switches

Plaintiffs suing General Motors Co. over faulty ignition switches and other alleged vehicle defects have reached a $1 billion settlement requiring the automaker to turn over that amount of stock, a lawyer for the plaintiffs said in a court hearing …

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