Yearly Archives: <span>2021</span>

Sinkholes Emerge After Croatia’s Deadly Earthquake in December

MECENCANI, Croatia – After the deadly earthquake came the sinkholes. A central Croatian region about 40 kilometers (25 miles) southwest of the capital, Zagreb, is pocked with round holes of all sizes, which appeared after December’s 6.4-magnitude quake that killed …

Howden Broking Buys Independent Superyacht Broker Sturge Taylor

Howden Broking announced that it has acquired independent superyacht insurance broker Sturge Taylor & Associates (STA Group). STA Group will become part of Howden and will operate under the new trading name Howden Sturge. This acquisition further underlines Howden’s drive …

Credit Suisse Knew Frozen Greensill Funds’ Insurance Cover Relied on One Insurer: Report

Long before Credit Suisse Group AG was forced to wind down a $10 billion group of funds it ran with financier Lex Greensill, there were plenty of red flags. Executives at the bank knew early on that a large portion …

Construction Worker Killed in Massachusetts When Garage Stairwell Collapses

One construction worker was killed and a second was critically injured in Cambridge, Massachusetts, on Wednesday morning when a section of the concrete stairwell in a city-owned parking garage collapsed, authorities said. “At least a ton” of steel and concrete …

Risk Strategies Appoints Levy as Chief Operating Officer

Risk Strategies, a national specialty insurance brokerage and risk management firm, has appointed Eric Levy as chief operating officer (COO). A financial services industry veteran, Levy brings a 20-year track record of scaling companies, driving profitable growth and enhancing strategic …

Professional Insurance Agents of Connecticut Elects Rabbett as President

The Professional Insurance Agents of Connecticut (PIACT) elected Shannon Rabbett, of Windsor, Connecticut, as president at the association’s annual business meeting, held virtually on March 4, 2021. She will serve as the association’s president during its 2021-2022 term. Rabbett is …

Irish Judges Back Guidelines for Personal Injury Awards to Cut Insurance, Legal Costs

DUBLIN – Ireland’s judges voted on Saturday to adopt new guidelines for personal injury claims that aim to reduce the size of awards for minor injuries and encourage early settlements as a way to reduce legal fees and in turn …

50 People Sue City in Wisconsin Over Protest Response

Fifty people are suing a Wisconsin city over the way it handled protests last fall after authorities announced that a police officer would face no charges for the fatal shooting of a Black teenager. Protesters demonstrated in Wauwatosa in October …

Porch Group to Acquire Texas MGA/Insurer, Homeowners of America

The Porch Group, a software platform focused on home services companies, is acquiring Irving, Texas-based managing general agent and insurance carrier, Homeowners of America (HOA). Under a merger agreement, Porch will acquires HOA and all related subsidiaries. The transaction, which …

M.J. Hall & Co. Expands Admitted Cannabis Insurance Product into Arizona

M.J. Hall & Co. has introduced an admitted cannabis insurance product in Arizona. March 8 is the effective date for the Cannabis Businessowners Policy (CannaBOP) in Arizona, which the wholesale insurance brokerage company said is the first such insurance coverage …