Monthly Archives: <span>January 2021</span>

Assault on U.S. Capitol a Spark, but No Catastrophic Property Losses Yet

Commercial property insurers who are already edgy after suffering historic losses from civil unrest got another jolt Wednesday when pro-Trump protestors smashed windows to gain entry into the U.S. Capitol. But there’s “a lot of mileage” between the Washington D.C. …

Viewpoint: Environmental Debt Risk Is Bigger Than Japan’s GDP

The financial risk posed to companies by natural disasters keep growing and growing, and the size of potential losses is just eye-popping. Moody’s Investors Service says 18 sectors have a combined $7.2 trillion of debt with “high inherent exposure to …

Regulators Ignored Workers’ COVID-19 Safety Complaints Amid Deadly Outbreaks

Miguel Cabezola, a driver for United Parcel Service Inc in Tucson, Arizona, complained on March 27 to U.S. workplace safety regulators, alleging the company was taking a lax approach to social distancing, sanitizing equipment and quarantining workers with COVID-19 symptoms. …

South Korean Tanker was Boarded by Armed Iran Guard Forces

SEOUL (AP) — Armed Iranian Revolutionary Guard troops stormed a South Korean tanker and forced the ship to change course and travel to Iran, the vessel’s owner said Tuesday, the latest maritime seizure by Tehran amid heightened tensions with the …

Truck Sought After Blasts Damage Parked Car, Shake Homes

PITTSBURGH (AP) — Police are searching for a white pickup truck after explosions in two neighborhoods that shook homes and damaged a parked car. An incendiary device was thrown from a moving vehicle in the Lawrenceville neighborhood just after 9 …

Regulators Get Plan for Undoing the Atlantic Coast Pipeline

RICHMOND, Va. (AP) — The developers of the now-canceled Atlantic Coast Pipeline have laid out plans for how they want to go about unwinding the work that was done for the multistate natural gas project and restoring disturbed land. In …

Officials: Colorado Cattle Deaths Caused by Chemical in Hay

COLORADO SPRINGS, Colo. (AP) — About 30 cattle died in Colorado last month after ingesting high levels of nitrates on a rancher’s property near Schriever Air Force Base, a veterinarian said. Dr. John Heikkila of Choice Veterinary Service examined the …

9th Circuit Questions Ruling that Filed Rate Doctrine Bars Kickback Claims

Nearly a decade after regulators first heard allegations that carriers were paying kickbacks to mortgage servicers who purchased lender-placed insurance policies, a federal appellate court is asking the Washington Supreme Court to help resolve one of the last remaining lawsuits …

Claims Business: Davies, Charles Taylor and Vehicle Service Group

Davies Buys Northshore Davies, a London-based professional services and technology business, has continued a US expansion with the acquisition of Northshore International Insurance Services, Inc. Northshore, based in Danvers, Mass., provides audit, claims management, subrogation management and consulting services to …

Claims People: AF Group, Sedgwick and Cohen Ziffer

Accident Fund Appoints Chief Claims Officer AF Group, the Lansing, Michigan-based parent of Accident Fund Insurance Co. of America, has appointed Paul Kearney as chief claims officer. Kearney most recently served as second vice president, workers’ compensation field product line …