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Key Lawmaker Eyes Ban on Mergers to Protect Small Firms During Coronavirus Crisis

The chair of the House Judiciary Committee’s antitrust panel on Thursday called for a moratorium on mergers in the next coronavirus stimulus package and a ban on deals that are not directly related to companies about to fail. Democratic U.S. …

More States Making Plans to Lift Coronavirus Restrictions

More states in the U.S. South and Midwest signaled readiness on Wednesday to reopen their economies in hopes the worst of the coronavirus pandemic had passed, but California’s governor held firm to sweeping stay-at-home orders and business closures. The patchwork …

Earthquake Hits Croatia, a Month After Another Tremor Causes Damages of $6B

An earthquake rattled Croatia’s capital, a month after a stronger tremor left Zagreb in need of $6 billion for renovation, adding to a growing list of costs as the European Union battles the coronavirus. The 3.5-magnitude temblor on Thursday was …

Woman Run Over While Sleeping on Sidewalk in Oregon Sues for $450K

A woman who was sleeping on a Portland, Ore. sidewalk when she was run over by a truck operated by a homelessness nonprofit organization has filed a $450,000 lawsuit against the driver. Daphne Taylor is suing driver Warren Schaupp as …

Light Shaking as M3.7 Earthquake Hit South Los Angeles

Light shaking could be felt across the Los Angeles Basin after a magnitude 3.7 earthquake struck underneath South Los Angeles just after midnight Wednesday. The Los Angeles Times reported the earthquake, that occurred at 12:03 a.m., was calculated as occurring …

White House Vows Liability Protections for Businesses Facing Coronavirus Claims

Donald Trump’s top economic adviser said the administration will look at limiting liability for businesses over the spread of the coronavirus. “I think liability reforms and safeguards are going to be a very important part of this,” Larry Kudlow, director …

Tyson Foods Halts Work at Large Iowa Pork Plant to Curb Coronavirus Spread

Tyson Foods Inc. plans to indefinitely suspend operations at its largest pork plant in the United States to contain the rapid spread of the coronavirus, the company said on Wednesday. It said the Waterloo, Iowa plant had already been working …

Specialist MGA Lions Gate Expands Canada Offering with Environmental Insurance Cover

Lions Gate Underwriting, the Vancouver-based specialist managing general agent, has launched a new Environmental Insurance product as part of its coverage offering. The program is being underwritten by Great American Insurance Group, which backs a number of Lions Gate products, …

China’s Ping An Reports Q1 Profit Drop of 42.7% on Coronavirus Business Disruption

Ping An Insurance (Group) Co of China Ltd, on Thursday reported a 42.7% drop in first-quarter profit, its biggest fall in quarterly profits in more than eight years, as the coronavirus outbreak disrupted its businesses. Ping An, the country’s largest …

Obsidian Insurance Holdings Hires Larkin as Chief Underwriting Officer

Obsidian Insurance Holdings Inc., a new fronting insurance holding company, has added to its senior management team with the appointment of Dan Larkin as chief underwriting officer. Obsidian was recently formed in partnership with insurance industry executives and Genstar Capital. …

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