INSURANCE NEWS
$24 Million Mold Remediation Starts on Federal Courthouse in Mississippi
Work has begun to renovate a northeast Mississippi federal courthouse long plagued by mold. WTVA-TV reports interior demolition began last week at the Thomas G. Abernethy Federal Building in Aberdeen. The U.S. General Services Administration announced in 2020 that it …
UK Regulator Pushes Insurers to Cut Premiums for Fire-Risk Apartments
Thousands of people living in high-rise apartments in Britain are set to get better deals on their property insurance following years of spiraling costs in the wake of the Grenfell Tower tragedy. The Financial Conduct Authority is expected to push …
Arthur J. Gallagher & Co. Acquires Toronto’s Four Corners Group Inc.
Arthur J. Gallagher & Co. announced the acquisition of Toronto-based Four Corners Group Inc. Terms of the transaction were not disclosed. Founded in 2007, Four Corners Group is a leading Canadian executive search firm operating throughout Canada and the United …
Tesla Sued in Germany Over Car Surveillance Cameras, Carbon Footprint Claims
Tesla Inc. was hit by a lawsuit in Germany over potential privacy concerns linked to its car surveillance cameras and claims that buying its vehicles helps cut CO2 emissions. VZBV, the main German consumer association, filed the action in a …
UK Temperatures Hit Record High: Met Office
Temperatures in the UK hit a record high of 39.1 degrees Celsius (102.38 degrees Fahrenheit) provisionally recorded at Surrey, breaking the previous record of 38.7°C set at the Cambridge Botanic Garden on July 25, 2019, according to the Met Office. …
Record Heatwave Scorches Europe, as Wildfires Continue to Rage in France, Spain
Britain was forecast to see temperatures hit 40C (104F) for the first time on Tuesday after logging its warmest night on record, while wildfires raged across parched countryside in France, Spain and elsewhere. As a heatwave that settled over southern …
New UK Finance Minister Targets Flexibility of Post-Brexit Financial Regs, Solvency II
Britain’s government must focus on sound public finances and avoid further fueling inflation by pumping up demand, new finance minister Nadhim Zahawi is due to say in his first major speech on Tuesday. Zahawi will address the City of London’s …
UK Regulator May Lack Bandwidth to Push Post-Brexit Competitiveness: Policymaker
The Bank of England may not have enough resources to implement an extra objective of maintaining Britain as a competitive global financial center, a policymaker designate said on Monday. Britain’s government is due this week to unveil a draft law …
U.S. Senate Democrats Plan Bill Aiming to Restore ‘Net Neutrality’
Two U.S. Senate Democrats active in internet issues are working on a bill to restore landmark “net neutrality” rules that would bar telecommunications companies from blocking or throttling traffic or offering paid fast lanes. Senators Edward Markey and Ron Wyden …
Uber Settles Lawsuit Over Disabled Riders, Vows to Waive Fees
Uber Technologies Inc. will pay more than $2 million and waive wait time fees for disabled passengers to settle U.S. allegations that the ride share company had violated the Americans with Disabilities Act, the Department of Justice said on Monday. …
People Moving: Matz to Producer’s; Rafalko to Hylant
Matz Leaves Tower Hill for Producer’s National Donald Matz Jr., the longtime president of Tower Hill Insurance Group in Florida, will soon take over as president and CEO of Producer’s National Corp., an insurance holding company. During his 26-year tenure …
Starbucks Ordered to Pay $9M After Woman Hit in Drive-Thru Lane
Starbucks Corp. has appealed a nearly $9 million verdict rendered against it after a customer was struck by a vehicle in the drive-through lane at a Fernandina Beach, Florida, coffee shop. The driver and the property owner settled claims against …