CFC has upgraded its errors and omissions policy for US-based design and construction contractors to include costs for steps taken by the contractor to mitigate against a potential claim where work was not rectified, and an extension for artisan contractors …
Resilience, which provides insurance coverage and patented cybersecurity tools to protect mid-market companies, has added Kevin McGowan as vice president in its cyber underwriting unit. McGowan joins Resilience from Beazley in Chicago where he served as co-chair of the carrier’s …
A Texas-based rail products and services company has been cited by federal workplace safety officials for violations that resulted in the deaths of two workers at a site in Hugo, Oklahoma. An investigation by the U.S. Department of Labor Occupational …
The Bank of England told insurers on Wednesday not to expect any big reduction in capital requirements after Brexit, adding that more capital could be “part of the answer” to meeting a 1.7 billion pound bill for COVID-19 claims. Britain …
Financial holding company Ambac Financial Group has launched Everspan Group, capitalized with more than $100 million, to focus on writing specialty program insurance business. Everspan Group’s insurance companies include two Arizona-domiciled entities: Everspan Indemnity Insurance Co., an excess and surplus …
The U.S. Environmental Protection Agency has reached a settlement with Emerald Kalama Chemical after inspectors say they found hazardous waste storage and handling violations it its Kalama, Wash., facility. The chemical company has agreed modify its practice and pay a …
Intel is suing a former Oregon employee, alleging he took trade secrets when he left for Microsoft and used the information to gain an advantage in later business negotiations with Intel. Engineer Varun Gupta worked at Intel for ten years …
Fire and a partial collapse has demolished at least part of a multistory building on Pittsburgh’s South Side built at least 141 years ago. Fire crews fought for hours to contain the blaze reported at about 2:30 p.m. that sent …
The country’s insurance regulators are vowing to prioritize the monitoring of the use of consumer and non-consumer data by companies, the use of artificial intelligence, and the availability and affordability of insurance products for racial minorities. They say they will …
The mother of a dead Virginia police informant is alleging in a pair of lawsuits that authorities are responsible for her son’s fatal overdose on opiates that he was coerced to purchase while undercover. Donna Watson, the administrator of Troy …
