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

People Moves: Markel CATCO’s Moore and Aon’s Boon Join Lockton Re; Fidelis Names Lancashire’s Russell as Head of Marine

Lockton Re Hires Moore, Boon for Non-Marine Retrocession, Property Specialty Lockton Re, the global reinsurance business of the largest privately held independent insurance broker, announced that Simon Moore and James Boon have joined the Non-Marine Retrocession and Property Specialty division …

Basketball Star Must Decide: NBA or $5 Million in Insurance

A University of Florida basketball player who collapsed during a game last December is deciding whether to try and get medically cleared to play professionally or cash in a $5 million insurance policy. Two people with knowledge of Keyontae Johnson’s …

Why Millions Have Left Workforce During Pandemic

Approximately five million people in the U.S. are unemployed or have left the workforce since the pandemic began, and it is difficult to predict whether their decision was short term or permanent. According to S&P Global, even as extended unemployment …

BRP Group to Acquire Wood Gutmann & Bogart Insurance Brokers

Subsidiaries of insurance agency partnership BRP Group have agreed to acquire substantially all of the assets of Wood Gutmann & Bogart Insurance Brokers and certain of its affiliates and related entities. Based in Tustin, California, WGB is a middle-market brokerage …

Vietnam Negotiates With Iran for Release of Seized Oil Tanker

HANOI, Vietnam (AP) – Vietnam was seeking more information Thursday about a Vietnamese oil tanker that was seized at gunpoint last month by Iranian soldiers in the Gulf of Oman, while vowing to ensure the safety and humane treatment of …

Liberty Mutual Is Moving Its 2,200 Exclusive Agents to Its New Digital Agency

Liberty Mutual Insurance, the nation’s sixth-largest personal lines property/casualty insurer, is planning to transition its more than 2,200 exclusive insurance agents in 200 offices across the country to working for a new agency it is starting. The global insurer is …

Japan’s Fukushima Farmers Fear Contaminated Water Release Will Hit Produce Prices

IWAKI, Japan – Farmers in Japan’s northeastern Fukushima fear the release of water from the crippled power plant there could revive concerns about contamination and again hit the price of their produce, undoing a decade of slow recovery from nuclear …

UK Warns Facebook Executives to Keep Users Safe or Risk Criminal Charges

UK Culture Secretary Nadine Dorries warned Facebook Inc. and its chiefs are on course for criminal prosecution for failing to reign in the harmful effects of its platform. “Why would we give them two years to change what they can …

COP26 Coal Pledge Falls Short on Support From Big User Countries as Emissions Surge

GLASGOW – A pledge to phase out coal gained the support of 23 more countries at the U.N. climate conference on Thursday, but was shunned by big users of the dirtiest of the fuels that cause global warming. The COP26 …

Death Toll Rises to 23 From Collapse of High-Rise Building in Nigeria

LAGOS, Nigeria (AP) – The death toll from the collapse of a high-rise apartment building under construction in Nigeria’s most populous city has risen to 23 with two more bodies recovered Wednesday afternoon, authorities said. Nine people had been rescued …