INSURANCE NEWS
Brookfield Reinsurance Completes Buy of Argo Group; Snyder Named Argo CEO
Brookfield Reinsurance’s $1.1 billion acquisition of Argo Group International Holdings has been completed and Jessica Snyder was appointed chief executive officer of Argo. Snyder succeeds Thomas Bradley, who announced that he was retiring upon closing of the deal. Snyder joined …
Former Orlando Museum Director Countersues Over Fake Basquiat Art Scandal
ORLANDO, Fla. (AP) — A former executive director of a Florida museum that was raided last year by the FBI over an exhibit of what turned out to be forged Jean- Michel Basquiat paintings filed counterclaims Tuesday against the museum, …
White House Proposes Transportation, Commerce Agencies Handle Space Regulations
The Biden administration on Wednesday released a long-awaited proposal to split regulatory powers over emerging private-sector space activities between the U.S. transportation and commerce departments, according to a draft legislative proposal. The plan would expand the Federal Aviation Administration’s oversight …
NTSB Begins Investigation of Deadly Ohio Bus Crash Involving High School Students
TNA, Ohio (AP) – A National Transportation Safety Board team was planning to start work Wednesday at the scene of a deadly highway crash in Ohio involving a charter bus filled with high school students that left six people dead …
Mount St. Helens Records More Than 400 Quakes Since Mid-July, But No Signs of Imminent Eruption
More than 400 earthquakes have been detected beneath Washington`s Mount St. Helens in recent months, though there are no signs of an imminent eruption, according to the U.S. Geological Survey. Most of the quakes over a three-month span beginning in …
Trump Lawyers Focus on Accountants in Fraud Trial
Donald Trump blamed his accountants. So did the two sons he entrusted to run his company. Now, as they mount their defense in the civil fraud trial threatening the former president’s real estate empire, his lawyers are too. Trump’s lawyers …
After Fire Kills 3, New York City Says Businesses Must Do More to Ensure e-Bike Safety
New York City officials say retailers and food delivery companies must do more to halt the proliferation of unsafe e-bike and e-scooter batteries, after a fire blamed on an electric scooter`s lithium ion battery killed three people over the weekend. …
Zurich’s Farmers Group Seeks More Fee Income via Acquisition of 3 Brokers for $760M
Zurich Insurance Group announced that its subsidiary, Farmers Group Inc. (FGI), has agreed to acquire three insurance brokers of the Farmers Exchanges for US$760 million. The deal also includes the Farmers Exchanges’ flood program servicing arm. The wholesale brokerages – …
Root Inc. Files for Default in Litigation Against Jailed Former CMO
The nearly year-long saga involving Root Inc. and its former chief marketing officer continues – with him in county jail. Brinson Caleb “BC” Silver, Root’s CMO from November 8, 2021 to November 9, 2022, has been in jail in Butler …
Poor Countries Are Missing Out on Pre-Arranged Climate Disaster Finance: Study
The poorest and most vulnerable countries do not benefit enough from pre-arranged financing to cope with disasters and are most exposed to the losses and damage caused by climate change, the London-based Centre for Disaster Protection said on Thursday. Pre-arranged …
U.S. Political Violence Driven by New Breed of ‘Grab-Bag’ Extremists
Before he committed mass murder in Colorado late last year, Anderson Lee Aldrich was a lively presence among a group of friends who regularly assembled online for hours to chat, play video games and trade internet memes. The four irreverent …
Staffing Shortages, Outdated Facilities Threaten US Air Safety
n independent U.S. aviation review team called on Wednesday for “urgent action” to prevent plane crashes, and made a series of recommendations to boost safety after a series of close calls involving passenger jets. The panel, named by the Federal …