Why World Bank’s Controversial Pandemic Bonds Didn’t Function as Hoped December 10, 2020 By Tracy Alloway and Tasos Vossos In late January 2015, just after the deadliest outbreak of Ebola in history, then-World Bank President Jim Yong Kim stood...
Credit Suisse Shuts Humbolt Re and Kelvin Re After Investor Withdrawals December 10, 2020 By Patrick Winters and Marion Halftermeyer Credit Suisse Group AG is winding down two reinsurance vehicles with assets of about $2 billion after key investors moved...
Florida Courts Clarify Role of Appraisal in Coverage Claim Disputes December 10, 2020 By Kimberly K. Berman For first party property claims, lengthy and costly litigation is not always the only mechanism for resolving a dispute. Most...
Explosion at West Virginia Chemours Plant Prompts Shelter-In-Place December 10, 2020 An explosion at a West Virginia chemical plant on Tuesday night prompted authorities to order residents within 2 miles of...
GE Settles with SEC for $200M Over Misleading Power, Insurance Accounting December 10, 2020 By Katanga Johnson and Rajesh Kumar Singh General Electric Co. has agreed to pay a $200 million penalty to settle charges for misleading investors over how it...
Authorities Target Rise in Road Rage, Aggressive Driving in Houston-Area December 9, 2020 By Juan A. Lozano Houston-area authorities on Dec. 8 announced a new task force to combat a more than 30% rise in road rage...
4th Minor Earthquake in 2 Weeks Felt in Kansas December 9, 2020 An earthquake rattled Wichita, Kan., on Dec. 8 — the fourth earthquake in the area in the last two weeks....
Wichita, Kansas, Bar Owners Sue for Return to Pre-Pandemic Rules December 9, 2020 Bar owners in Kansas’ largest city are challenging rules designed to slow the spread of COVID-19, hoping to use the...
LDI: Proof of Loss Deadlines for Hurricane Claims in Louisiana Extended December 9, 2020 Property insurance policyholders Louisiana policyholders who need to file hurricane damage claims have an more time than usual to do...
Vital Insurance Partners Adds Estes in Washington December 9, 2020 Vital Insurance Partners has named Joy Estes vice president of programs. Estes, who will be based in Seattle, Wash., will...