Yearly Archives: <span>2022</span>

Delaware Governor Signs Paid Family, Medical Leave Law

Delaware Governor John Carney has signed legislation creating a statewide paid family and medical leave insurance program. Under the new law, eligible Delaware workers can get up to 12 weeks of paid leave to address a worker’s own or family …

Investigation Underway Into Massachusetts Apartment Building Fire That Took 4 Lives

WORCESTER, Mass. (AP) —The number of people who died in a fire at a Massachusetts apartment building last weekend has climbed to four with the discovery of two more bodies on Monday, fire officials said. The search of the three-story, …

Rhode Island Lawmakers Revise Recreational Marijuana Bill Ahead of Next Week’s Votes

Rhode Island lawmakers unveiled changes Tuesday to a bill to legalize and regulate recreational marijuana, revisions that aim to ensure the legislation passes the state’s General Assembly. The amended bill was released Tuesday in advance of committee votes scheduled for …

Global Broking Network Brokerslink Adds First Tech Firms as Members

Brokerslink has added six technology firms as members – the first non-broking or risk consulting firms to join the global network since its creation in 2004. These “B.tech affiliates” signal the network’s intent to enter a new era of digitalization, …

Investment Firm Brookfield to Buy UK Repair Site HomeServe for £4.1B

Brookfield Asset Management Inc. agreed to buy emergency household repairs provider HomeServe Plc in a deal valuing the company at £4.1 billion ($5 billion), one of the UK’s largest take-private transactions this year. Investors will get 1,200 pence for each …

Generali Q1 Net Profit Beats Forecasts, Despite Russia Impairments

Assicurazioni Generali beat expectations in the first quarter even as impairments on Russia drove net profit lower, a boost for CEO Philippe Donnet who last month won a shareholder battle to keep his job for another three years. Italy’s biggest …

Timeline of Key Events in Collapse of Allianz’s Structured Alpha Funds

Germany’s Allianz has agreed to pay about $6 billion and its U.S. asset management unit will plead guilty to fraud after a group of its multibillion investment funds collapsed amid market turmoil triggered by the coronavirus pandemic in 2020. Here …

Hungary Eyes Raising Domestic Ownership in Sectors Such as Insurance

Hungary should boost domestic ownership in more key sectors in addition to banking, media and energy, a cabinet minister-designate said on Wednesday, signaling more pressure on foreign companies to scale back their presence in the country. Prime Minister Viktor Orban, …

Canada Crop Land ‘Deteriorating’ as Heavy Rain Hinders Planting

Farmers in parts of Canada’s Prairies are struggling to get crops in the ground as heavy rains continue to wallop the eastern region in the latest threat to global grain supplies. Virtually no seeding has been done in Manitoba as …

Climate Change Boosted Cost of Japan’s Typhoon Hagibis by $4B: Study

The effects of human-caused climate change were responsible for roughly $4 billion of the $10 billion in insured losses resulting from Typhoon Hagibis that struck Japan in October of 2019, according to a new analysis of the storm. Hagibis, which …