Monthly Archives: <span>April 2021</span>

Damage Reported Across Southeast from Strong Storms

A cluster of severe storms swept across the South early Saturday, leaving one person dead in Louisiana, toppling trees and power lines in Mississippi, dropping large hail on an Alabama coastal city and leveling buildings in the Florida Panhandle. St. …

Confidence Among UK CFOs Hits Record High, Helped by Vaccinations, Brexit Hopes

Confidence among big businesses in Britain about their profits in the year ahead has hit a record high, helped by the country’s coronavirus vaccinations and hopes for less Brexit disruption, a survey of chief finance officers showed. After the biggest …

Kentucky Judge Rules Businesses Harmed by COVID Restrictions

A Kentucky judge on Friday temporarily blocked applying some of the state’s pandemic-related restrictions to several restaurants and breweries challenging the governor’s actions. Scott County Circuit Judge Brian Privett said in his narrowly tailored order that the rights of those …

Suez Canal Authority Still in Talks About Compensation for Grounding of Container Ship

Egypt is still in talks about compensation stemming from the operations to free the giant container ship whose stranding in the Suez Canal for nearly a week roiled global cargo markets, the canal authority’s chief said Monday. It’s likely that …

Florida Lawmakers Send Legislation to Fight Sea Level Rise to Governor

Legislation hailed as some of the most robust yet to defend U.S. coasts against sea level rise is headed to Florida Gov. Ron DeSantis, a proposal that would provide millions of dollars annually to communities threatened with losing ground to …

People Moves: Great American Promotes Markey; MJ Insurance Adds Gross

Great American Insurance Group Great American Insurance Group in Cincinnati, Ohio, has promoted Timothy (Tim) E. Markey to divisional vice president within its Fidelity/Crime Division. Markey joined Great American in 2017 as a divisional assistant vice president. He has assumed …

U.S. P/C Insurers Report 2020 Underwriting Profits Despite Costs of COVID-19: Fitch

Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty (P/C) insurers saw a statutory underwriting profit for the third consecutive year, with an average 99% combined ratio, according to Fitch Ratings in a new report. In …

Texas Grid Operator to Argue It Is Immune from Winter Storm Lawsuits

The Electric Reliability Council of Texas will argue that it has governmental immunity that protects it from the at least 35 lawsuits that have been filed against the operator after February’s disastrous winter storm which killed dozens of people and …

Texas Surplus Lines Premiums Reach $877.51M in March

More than $877 million in surplus lines premium was recorded in Texas in March, the Surplus Lines Stamping Office of Texas (SLTX) reports. SLTX says the $877.51 million in premium for March brings Texas’ year-to-date total to $2.00 billion. The …

Mississippi, Secret Service Form Cybercrime Task Force

Mississippi Attorney General Lynn Fitch said last week that her office has established a partnership with the U.S. Secret Service and in-state law enforcement agencies to investigate financial crimes that occur online. A Cyberfraud Task Force is based in the …