The textile mills that once served as the backbone of Mount Pleasant, North Carolina, have long been shuttered, and officials believed federal money would be key to the town’s overdue revitalization. They hoped an improved stormwater drainage system and secured …
Loss of FEMA Program Spells Disaster for Hundreds of Communities and Projects Read More »
Six weeks after Tampa-based Heritage Property & Casualty Insurance Co. filed a libel suit against a whistleblower claims adjuster, the adjuster’s lawyer has pushed back, arguing that the suit is an attempt to silence those who question insurers’ damage estimates. …
Heritage Files Libel, Defamation Suit vs. Adjuster After ’60 Minutes’ Report Read More »
Arch Capital’s first-quarter profit fell 49.2% as catastrophe losses from the California wildfires weighed on its underwriting performance and investment returns, the insurer said on Tuesday. The results mirror those of peers W R Berkley and Chubb, which also reported …
Arch Capital’s First-Quarter Profit Halves on LA Wildfire Losses Read More »
Catholic Relief Services (CRS) has been found to have violated Maryland’s employment anti-discrimination law when it discriminated against an employee because of his sexual orientation. U.S. District Judge Julie Rubin ordered CRS to pay $60,000 to the married gay former …
Church Agency Denied Religious Exemption for Nixing Married Gay Employee’s Insurance Read More »
The Los Angeles Department of Water and Power is returning to the municipal bond market with a $1 billion offering, roughly three months after shelving a sale in the immediate wake of historic wildfires that began burning in Southern California …
LA Utility Returns to Muni Market for First Time Since Wildfires Read More »
A ransomware attack is the cause of a disruption at Marks & Spencer Group Plc., with hackers using a potent kind of malware to lock down some of the British retailer’s systems and render them inaccessible, according to people familiar …
Ransomware Hack Said to Be Cause of Marks & Spencer Outages Read More »
Aspen Insurance said on Tuesday it was seeking a valuation of up to $2.85 billion in its New York flotation, as the Bermudian specialty insurer looks to go public again in the United States after more than six years. Stock …
Apollo’s Aspen Insurance Targets $2.9B Valuation in US Stock Market Return Read More »
This edition of International People Moves details appointments at the managing general underwriter Carbon Underwriting and specialty re/insurer Chaucer. A summary of these new hires follows here. CEO of Carbon Retires for Health Reasons, Succeeded by Co-Founder Ferrier Carbon Underwriting …
The driver of a boat that appeared to leave the scene after a fatal crash in Clearwater, Florida, was not intoxicated but could still face multiple charges in the tragedy, according to local news media and the Associated Press. Authorities …
Clearwater Boat Crash Kills One Person, Injures 10 at End of Festival Read More »
The New Jersey Forest Fire Service reported continued progress in fighting the Jones River wildfire, with the fire being 75% contained by noon on Monday, April 28. Officials said crews will remain on the scene for the next several days …
New Jersey Wildfire 75% Contained; Crews to Remain on Scene Until ‘Significant’ Rain Read More »
