Global Insurers Paid $89 Billion for Natural, Manmade Disasters in 2020: Swiss Re March 30, 2021 By L.S. Howard Natural and man-made catastrophes cost the insurance industry US$89 billion in 2020, in the fifth costliest year since 1970, according...
Insurance Technology: Marble Opens Up Wallet; AXA Funds Idelic’s Analytics; Markel Backs Counterpart Platform March 30, 2021 Insurtechs focused on consumer management of insurance policies and commercial fleet analytics are expanding their reach following funding rounds. Also,...
Hawaii Teen Gets $150K Settlement for Arrest by Classmate’s Dad March 30, 2021 By Jennifer Sinco Kelleher The Honolulu City Council has approved a $150,000 settlement in a lawsuit that accused a police officer of improperly arresting...
Washington School District Agrees to $4.25M Sex Assault Settlement March 30, 2021 A suburban Seattle, Wash., school district this week agreed to pay $4.25 million to settle a lawsuit that accuses a...
California County Paying $4M in Misconduct Suits March 30, 2021 San Diego County has so far spent more than $4 million to settle a dozen lawsuits brought after a sheriff’s...
Police Say New York Construction Worker Killed in Trench Collapse March 30, 2021 A construction worker was killed when a trench collapsed on him while he was working in a residential development in...
Pennsylvania Gas Driller to Pay $1.9M for Damage to Wetlands, Waterways March 30, 2021 One of the most active natural gas exploration firms in Pennsylvania has agreed to pay $1.9 million after it disclosed...
People Moves: Cole from XS Brokers to Rockwood; Westchester’s Roberts, Fred C. Church’s Sanderson Promoted March 30, 2021 Rockwood Programs Names Cole as Chief Marketing Officer Rockwood Programs Inc., a full-service managing general agency, has appointed Carol Cole...
Despite Soy Rally, Farmers Bet on Corn Backed by High Crop Insurance Guarantee March 30, 2021 By Mark Weinraub CHICAGO— A 45% rally in soybean prices in 11 months was not enough to convince South Dakota farmer DuWayne Bosse...
Boeing Directors Seek Dismissal of Investors’ Lawsuit Over 737 MAX Safety March 30, 2021 By Eric M. Johnson Boeing Co. asked a Delaware court to throw out a shareholders’ lawsuit over the safety of its 737 MAX following...