Monthly Archives: <span>July 2020</span>

Ten-Year-Old Charged with Arson in Maryland Garage Fire Causing $14K in Damage

A 10-year-old boy faces arson charges after a garage fire near Union Mills Thursday, the Office of the State Fire Marshal said. Firefighters responded to the garage fire in the 3500 block of Littlestown Pike in Westminster at about 5:10 …

Former Owner of Cleaning Company Charged with Workers’ Comp Fraud

The former owner of a Massachusetts cleaning company has been charged with wage theft and workers’ compensation insurance fraud, Rhode Island Attorney General Peter F. Neronha announced. Marcello Pompa, of Saugus, Mass., is the former owner of M&M Cleaning of …

W.R. Berkley Estimates $85 Million in Q2 COVID Catastrophe Losses

W.R. Berkley Corp. cautioned that its 2020 second quarter pretax catastrophe losses will reach $145 million, with more than half of that coming from COVID-19 related costs. Out of that total, $85 million stems from COVID-19 claims, the specialty insurer …

Aon Appoints Tunnicliffe as UK Chairman for Global & Specialty Business

Insurance broker Aon plc announces the appointment of Andrew Tunnicliffe as UK chairman, Global & Specialty, part of its Commercial Risk Solutions, Health Solutions and Affinity business. He will take up the new role on July 27. Tunnicliffe has over …

Travelers Expects Q2 Loss From Storms, Civil Unrest, Investments; Modest COVID Impact

In a preliminary look, The Travelers Companies said it expects to report a net loss for the second quarter, results that will reflect losses from storms, civil unrest and its non-fixed income investment portfolio. It also reports it has experienced …

Face Masks Will Be Mandatory in English Shops as PM Johnson Responds to Pressure

Face coverings will be compulsory in all shops in England from July 24 as part of attempts to stop the spread of coronavirus, Health Secretary Matt Hancock will announce Tuesday. The move, which will be enforced by fines, comes after …

Just One-Quarter of UK Firms Are Prepared for End-of-Year Brexit Transition: Survey

Only one-quarter of business leaders say their organizations are fully ready for the end of the Brexit transition period, according to a survey by the Institute of Directors. Nearly half of the 978 company directors polled late last month said …

Russia Requires Firms to Develop Financial/Insurance Contingency Plans for Oil Spills

President Vladimir Putin on Monday signed legislation requiring companies involved in oil production or handling other hydrocarbons to have adequate resources for a contingency plan in the case of a spill. The law makes it mandatory for companies to have …

UK Plans to Spend $6.6 Billion on Building Flood Defenses Through 2027

Prime Minister Boris Johnson proposed 5.2 billion pounds ($6.6 billion) of spending on flood defenses through 2027 as his government seeks to protect hundreds of thousands of British homes. Under the plan, billed as “the most comprehensive in a decade,” …

Crews Removing Capsized Cargo Ship in Georgia Sidelined by COVID Infections

Coronavirus infections among the salvage crew are delaying plans to cut apart and remove a hulking cargo ship that capsized off the coast of Georgia 10 months ago. Officials had hoped to start slicing the South Korean freighter Golden Ray …