Yearly Archives: <span>2021</span>

Nevada Counties Prepare to Manage Own Virus Rules

Nevada officials are preparing to cede decision-making power over the state’s coronavirus measures to county officials. In the five rural counties that have passed resolutions condemning the restrictions, it’s unclear how much will change. “We just plan to continue as …

Colorado Senate Endorses Easing Civil Action Limits for Child Abuse Suits

Colorado’s Senate tentatively endorsed a bill this week to eliminate a six-year statute of limitations for victims of child sexual assault to pursue civil action against perpetrators, an effort lawmakers have struggled with for years. The bipartisan bill faces a …

Boy Scouts Reorganization Plan Calls for $300M Fund for Sex Abuse Victims

The Boy Scouts of America submitted a bankruptcy reorganization plan this week that envisions continued operations of its local troops and national adventure camps but leaves many unanswered questions about how it will resolve tens of thousands of sexual abuse …

Portevin Appointed Global Head of Allianz Risk Consulting

Thierry Portevin, current global head of property at Allianz Global Corporate & Specialty (AGCS), will be appointed global head of Allianz Risk Consulting (ARC), reporting directly to Tony Buckle, chief underwriting officer Corporate. The appointment is effective on March 8. …

Seeds of Greensill Capital’s Swift Fall Triggered When Credit Insurer Balked at Renewal

The seeds for the rapid disintegration of Lex Greensill’s empire were sown eight months ago, when a little-known Australian insurer called Bond and Credit Company decided not to renew insurance policies covering $4.6 billion in corporate loans backed by the …

Car Crashes Into Pennsylvania Gift Shop, Setting Two Buildings on Fire

A vehicle slammed into a Gettysburg gift shop and burst into flames, killing the driver and setting the building and a neighboring structure on fire, authorities said. Emergency dispatchers in Adams County said the vehicle crashed into the Blue and …

Maryland’s Harford Mutual Insurance Group Announces Leadership Team Changes

Harford Mutual Insurance Group has announced changes to its leadership team. Senior Vice President Jeffrey Rink has been promoted to executive vice president with the added oversight of Administrative Operations, Customer Service and the Special Investigative Unit. Joining Harford Mutual …

Next Insurance to Acquire Affinity Agency AP Intego

Digital commercial insurance company Next Insurance has agreed to acquire AP Intego, a Massachusetts-based digital insurance agency providing small commercial insurance products. Through its platform, AP Intego offers property/casualty insurance including pay-as-you-go workers’ compensation to the small business customers of …

Banks Seeking New Protections in Wake of Citigroup’s $900M Mistake

Wall Street banks are seeking new legal protections to help avoid a repeat of Citigroup Inc.’s accidental $900 million payment to Revlon Inc. lenders. After last month’s surprise court ruling that let certain Revlon creditors keep $500 million of the …

Hub International Limited Acquires Vermont’s Finn & Stone

Global insurance brokerage Hub International Limited (Hub) has acquired the assets of Finn & Stone Inc. Terms of the transaction were not disclosed. Finn & Stone Principals Chip and Jonathan Ams and the Finn & Stone team will join Hub …