Yearly Archives: <span>2021</span>

Engineers Grade U.S. Infrastructure C- as Biden, Congress Prepare to Debate Fix

America’s infrastructure has scored near-failing grades for its deteriorating roads, public transit and storm water systems due to years of inaction from the federal government, the American Society of Civil Engineers reports. Its overall grade: a mediocre C-. In its …

Some Insurers Strengthening Virus Exclusion Language in Policies After COVID Cases

U.S. insurers are strengthening language in policies that cover business losses to protect them from future claims related to the coronavirus pandemic or other widespread illnesses that disrupt operations, industry sources say. New policies and renewals now define terms like …

Hub International Limited Acquires Assets of Pennsylvania’s Incentive Systems

Hub International Limited (Hub), a full-service global insurance broker, has acquired the assets of Incentive Systems Inc. (ISI). Terms of the transaction were not disclosed. Located in Lansdale, Pennsylvania, ISI provides employee benefit solutions, helping clients maximize the value of …

Powerful Gusts Responsible for Bizarre Injury in Maine

A woman was critically injured when a tree knocked down by powerful gusts fell on the vehicle, driving a tree limb through the windshield and dashboard and impaling her, officials said. Theresa Roy, 79, was critically injured Tuesday in Sidney, …

World Insurance Associates Acquires C. Walter Searle Insurance Agency

World Insurance Associates LLC (WIA) has acquired C. Walter Searle Insurance Agency LLC of Nutley, New Jersey, on February 1, 2021. Terms of the transaction were not disclosed. Since its founding in 1926, C. Walter Searle has been serving the …

French Retailer Sued over Amazon Deforestation Linked to Cattle Raising

PARIS – Environmental groups and indigenous activists from the Amazon region filed a lawsuit Wednesday in a French court alleging that France-based supermarket chain Groupe Casino is violating human rights and environment rules by selling beef linked to deforestation and …

Largest Wholesale Broker, Amwins, to Acquire Rival Worldwide Facilities

The largest wholesale insurance broker, Amwins Group, is getting even larger as it has agreed to acquire Worldwide Facilities, the fourth-largest wholesale insurance broker in the U.S. The addition of Worldwide broadens Amwins’ specialty capabilities and expands its footprint, especially …

Insurer Aviva Seeks New London Headquarters to Cut Post-Pandemic Office Footprint

Aviva Plc is searching for a new City of London headquarters as the UK insurer prepares to slash its office footprint. The firm started looking for new offices in the financial district early last year, but shelved its plans once …

Upstream Mine Tailings Dams Pose Higher Risks of Instability: Study

The most widespread type of dam used to store mine waste is nearly twice as unstable as the average tailings facility, a global study showed on Friday, highlighting the risk of so-called “upstream” construction techniques that some countries have banned. …

Greensill Downfall Began with Firing of Insurance Manager at Sydney Unit of Tokio Marine

The debacle that led to the unraveling of Lex Greensill’s trade-finance empire began with the firing of a manager at a Sydney unit of insurance giant Tokio Marine Holdings Inc. last year. After the July 8 dismissal by Bond & …