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What’s New in Today’s Construction Insurance Market
Brokers who specialize in the construction industry love their clients and are very committed to keeping up with their needs. Ask them, “So what’s new?” and the conversations inevitably veer off in various directions: risk management, pricing, hot areas, technology, …

POSTED JULY 23, 2018 1:25 PM
GEICO Board of Directors Promotes Connor to VP of New York, New Jersey Offices
The GEICO Board of Directors has promoted Jeremy Connor to vice president of the company’s regional office in Buffalo, N.Y., and its claims office in Marlton, N.J. Connor had served as assistant vice president of claims in Buffalo since 2016. …

POSTED JULY 23, 2018 1:05 PM
Greenlight Re’s Chief Operating Officer Belfatti to Step Down for Personal Reasons
Greenlight Capital Re, known informally as Greenlight Re, is losing its chief operating officer after he joined the company less than a year ago. The specialist property/casualty reinsurer disclosed that Michael Belfatti would be stepping down as of Sept. 1, …

POSTED JULY 23, 2018 12:58 PM
Baltimore Lawsuit Blames Oil and Gas Companies for Climate Change
The city of Baltimore filed a lawsuit on Friday against 26 oil and gas companies and entities, including BP Plc, Chevron Corp and Exxon Mobil Corp, for knowingly contributing to what the city called the catastrophic consequences of climate change. …

POSTED JULY 23, 2018 12:50 PM
Pennsylvania Blocked Again in Bid to Take Insurer’s Cash
A federal judge is blocking a third attempt in as many years by Governor Tom Wolf and state lawmakers to take at least $200 million in surplus cash from a state-chartered medical malpractice insurer of last resort. U.S. District Judge …

POSTED JULY 23, 2018 12:39 PM
There Is ‘Real Risk of Brexit No-Deal by Accident,’ Warns UK Foreign Secretary
British Foreign Secretary Jeremy Hunt said the U.K. will not “blink” in Brexit negotiations, as he warned the European Union it risks forcing the country to crash out of the bloc with no deal. On his first trip to Berlin …

POSTED JULY 23, 2018 11:46 AM
SoftBank Plans Digital Payments Service in Japan, Eyeing Entry into Insurance, Banking
SoftBank Group Corp. plans to announce within days that it will start a mobile digital payments service in Japan by the end of 2018 as billionaire founder Masayoshi Son seeks to expand in the sector, people familiar with the matter …

POSTED JULY 23, 2018 11:16 AM
Tokyo Prosecutors Have Indicted Kobe Steel Over Data Falsification Scandal
Tokyo prosecutors indicted Kobe Steel Ltd. over the faked data crisis that rocked Japan’s manufacturing industry last year. The company was indicted on suspicion of breaching Japan’s unfair competition law in connection with falsified inspection reports for the year through …

POSTED JULY 23, 2018 10:49 AM
Sweden Battles 50 Wildfires with Help of Firefighters Across Europe
As wildfires raging through Sweden exhaust local emergency services, Europe is sending hundreds of people to help contain multiple blazes across the country. France, Germany and Denmark have dispatched more than 100 firefighters while Poland is sending 139 people to …

POSTED JULY 23, 2018 10:34 AM
Bayer to Discontinue Sales of Essure Birth Control Device as U.S. Lawsuits Mount
The maker of a permanent contraceptive implant subject to thousands of injury reports and repeated safety restrictions by regulators said Friday that it will stop selling the device in the U.S., the only country where it remains available. Bayer said …

POSTED JULY 23, 2018 10:06 AM

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