Yearly Archives: <span>2017</span>

California Brewery Sued by Jazz Legend’s Son Over Beer Label

The son of late jazz legend Thelonious Monk is suing a California brewery, alleging it is using his father’s image on bottles and packaging of a Belgian-style ale and other merchandise without permission. The lawsuit filed in federal court in …

Devastating S. Asia Floods Kill 1,400, Expose Lack of State Planning for Monsoons

The most devastating floods to hit South Asia in a decade have killed more than 1,400 people and focused attention on the poor planning and lack of preparedness for annual monsoon rains, as authorities struggle to get aid to millions …

Zurich Insurance Taps Martin from Swiss Re as Group CRO, Succeeding Reyes

Zurich Insurance Group announced that Alison Martin will join the group on Oct. 1, 2017 and will assume the role of group chief risk officer in January 2018. She will succeed Cecilia Reyes, Zurich’s current group chief risk officer, who …

Massachusetts’ Hospitality Insurance Group CEO to Retire in 2018

Hospitality​ ​Insurance​ ​Group President​ ​and​ ​CEO​ ​John W. Tympanick has announced his 2018 retirement after 26 years with the Southborough,​ ​Mass.-based company. “After 26 years helping to create a successful regional multi-line insurance company from its humble beginnings as a …

Massachusetts Police Warn of Social Media Scams After Record Powerball Win

Police in Massachusetts are warning of fake social media accounts that have popped up after a woman won the $758.7 million Powerball jackpot. Chicopee police say fake accounts are being created on Twitter, Facebook and Instagram stating that they are …

Connecticut Reminds Policyholders to Be Prepared This Storm Season

Connecticut Insurance Commissioner Katharine L. Wade is reminding policyholders to review their homeowners insurance and understand their coverage as the 2017 Atlantic tropical storm season heads into its busiest time. The storm season traditionally runs from June 1 through November …

Judge Throws Out Obama Rule Hiking Overtime Pay

A federal judge in Texas on Thursday struck down an Obama administration rule that would have extended mandatory overtime pay to more than 4 million U.S. workers, siding with business groups and 21 states that had challenged it. The decision …

Japan’s Sompo Holdings to Sell Sompo Canopius for $952M to Centerbridge

Japan’s Sompo Holdings Inc. announced it has agreed to sell Lloyd’s re/insurer Sompo Canopius AG to a private equity consortium led by Centerbridge Partners for $952 million. On completion of the purchase, Canopius will become a standalone business led by …

Japan Government Plans to Sell Shares in Bancassurer Japan Post

Japan’s government plans to sell shares in Japan Post Holdings Co. as soon as this month, the first sale since the company’s massive 2015 listing, a government source familiar with the deal said on Friday. The finance ministry will meet …

Warburg Pincus Makes Majority Investment in Canada’s SCM Insurance

Private equity firm Warburg Pincus made a majority investment in SCM Insurance Services, the privately owned Canadian insurance services provider said on Thursday. SCM did not disclose financial terms but said the investment would help grow its business in Canada …