From seafarers refusing to board ships to truck drivers whose concern about Covid-related border closures outweighs the lure of higher pay, the transportation industry is bracing for another year of supply-chain disruptions. As omicron infections rise and governments tighten restrictions, logistics firms around the world, from global behemoths to small businesses, are struggling to find… Continue reading Expect More Shipping Chaos as Omicron Forces Transport Workers to Quit
Author: Farkas Laura
Colorado Fire Victims Face High Building Costs Exceeding Insurance Coverage
According to construction, insurance, and government officials, rising construction costs will push the cost of rebuilding after Colorado’s most destructive wildfire beyond the insurance coverage of some homeowners. The Marshall Fire, which swept through the suburbs between Denver and Boulder, Colo., last week, is expected to cause $1 billion in damage. Rebuilding the approximately 1,000… Continue reading Colorado Fire Victims Face High Building Costs Exceeding Insurance Coverage
Great American Insurance Group to Celebrate A Legacy of Great During Its 150th Anniversary Year
Great American Insurance Group announced today that it has begun a year-long celebration to commemorate the 150th anniversary of its lead company, Great American Insurance Company. The celebration is designed to thank employees, policyholders and agents for their support over the years. Founded by William Heins on March 6, 1872, as German American Insurance Company,… Continue reading Great American Insurance Group to Celebrate A Legacy of Great During Its 150th Anniversary Year
U.S. Supreme Court Wrestles Over Whether to Stop Biden Vaccine Mandates
On Friday, U.S. Supreme Court justices grilled Republican state officials and business groups seeking to block President Joe Biden’s pandemic-related vaccine-or-testing mandate for large businesses, pressing the administration to justify the policy at a time when COVID-19 cases are on the rise across the country. The nine justices were hearing arguments for at least two… Continue reading U.S. Supreme Court Wrestles Over Whether to Stop Biden Vaccine Mandates
AXA XL Names Specialty Leader for Niche Business
AXA XL Insurance has promoted Maria Duhart to lead its Specialty Niche insurance business in the Americas. Ms. Duhart steps into the role of Chief Underwriting Officer for Specialty Niche from her previous role as head of AXA XL’s Commercial Bonds business. In her new role, Ms. Duhart reports to Donna Nadeau, Chief Underwriting Officer… Continue reading AXA XL Names Specialty Leader for Niche Business
Extreme Weather Fueled by Climate Change Hit 4 in 10 Americans Where They Lived in 2021
Wildfires raging in the West, exacerbated by drought; heavy rains in the Midwest, Northeast, and South; deadly heat waves in the Pacific Northwest; hurricanes wreaking havoc from the Gulf Coast to New England: Many Americans found it impossible to ignore the extreme weather caused by climate change in 2021. According to a Washington Post analysis,… Continue reading Extreme Weather Fueled by Climate Change Hit 4 in 10 Americans Where They Lived in 2021
SPG Acquires the Assets of Brokers’ Service Marketing Group
Specialty Program Group, LLC (SPG), a leading operator of specialty insurance brokerage firms and underwriting facilities, announced today the acquisition of the assets of Brokers’ Service Marketing Group II, LLC (BSMG) as of December 15, 2021. BSMG is a leading life and annuity brokerage general agency (BGA) serving advisors and financial institutions. The company was… Continue reading SPG Acquires the Assets of Brokers’ Service Marketing Group
Global M&A to Remain Strong in 2022 As Valuations Reach Historic Highs
In 2021, global deal makers achieved their first positive M&A performance for a full year since 2016, according to latest research on completed deals from Willis Towers Watson’s Quarterly Deal Performance Monitor (QDPM). Based on share price performance, companies making M&A deals outperformed the World Index1 by +1.4 percentage points on average. Run in partnership… Continue reading Global M&A to Remain Strong in 2022 As Valuations Reach Historic Highs
Communities Far from Flammable Forests Increasingly at Risk As Embers Flung for Miles in CO Wildfire
Boulder County Commissioner Matt Jones was driving back from photographing a winter wildfire six miles from his home when his wife called to say they were being evacuated due to the same blaze. “This can’t be happening,” Mr. Jones, who had spent years fighting wildfires, recalled thinking. “Wildfires do not strike Louisville, Colorado.” The 6,067-acre… Continue reading Communities Far from Flammable Forests Increasingly at Risk As Embers Flung for Miles in CO Wildfire
Florida Condo Collapse Lawsuits Set for March 2023 Trial
A major lawsuit filed in connection with the collapse of a Florida beachfront condominium building that killed 98 people will go to trial in March 2023, a judge announced Wednesday. That’s about six months later than Miami-Dade Circuit Judge Michael Hanzman had planned, but lawyers in the complex and unusual case said experts need more… Continue reading Florida Condo Collapse Lawsuits Set for March 2023 Trial