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UK Insurers Cautiously Willing to Underwrite Fire Safety Risks for High-Rise Recladding Projects: Survey
Insurers have revealed a cautious willingness to underwrite fire safety risks on new projects to remove defective cladding from high rise buildings. Around two-thirds of respondents to a survey by the International Underwriting Association (IUA) stated they would provide a …
POSTED SEPTEMBER 20, 2021 11:54 AM |
Ford, Walmart and Self-Driving Startup Argo AI to Launch Autonomous Vehicle Delivery
Self-driving startup Argo AI, automaker Ford Motor Co. and Walmart Inc. will together launch an autonomous vehicle delivery service in Miami, Austin, and Washington, D.C, the companies said on Wednesday [Sept. 15]. Initial integration testing is expected to begin later …
POSTED SEPTEMBER 20, 2021 11:09 AM |
Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada
Foxquilt, a Toronto-based insurtech, announced it has raised an $8 million financing round led by Luge Capital with participation from AmTrust Financial, Extreme Venture Partners and Side Door Ventures. The new capital will be used to support talent acquisition, product …
POSTED SEPTEMBER 20, 2021 10:40 AM |
Speciality Re/Insurer Convex Launches European Subsidiary With ‘A-‘ Rating From S&P
Convex Group Ltd. announced the launch of a Luxembourg-based European insurance entity, Convex Europe SA (CES). Convex received regulatory approval on Sept. 15, 2021 from the Luxembourg regulator, the Commissariat aux Assurances (CAA). CES has received an “A-” rating from …
POSTED SEPTEMBER 20, 2021 8:55 AM |
Italian Tycoons Seek Allies in Battle Over Choice of Generali’s Next CEO
Two Italian tycoons who are leading investors in Generali are looking for allies after joining forces in a bid to have a say over the choice of the insurer’s next chief executive, a document showed on Friday. Construction magnate Francesco …
POSTED SEPTEMBER 20, 2021 8:15 AM |
Workers in London’s Financial Services Industry Are Returning to Their Desks in Droves
On the lower floors of HSBC Holdings Plc’s Canary Wharf headquarters, the desks are filling up. Traders, salespeople and close support staff not currently in the office have been told they are expected to be at their workstations on the …
POSTED SEPTEMBER 20, 2021 8:03 AM |
Flooding Reported Around University of Alabama
Heavy rain has caused some flash flooding Saturday on parts of the University of Alabama campus. University officials tweeted information about various road closures because of flooding and have asked people to avoid driving on campus. Some areas of the …
POSTED SEPTEMBER 20, 2021 7:21 AM |
Demolition Set for South Carolina Housing Complex Where Monoxide Poisoning Killed Two
Heavy equipment may soon begin tearing down an 80-year-old South Carolina public housing complex where two men died from carbon monoxide poisoning from a poorly maintained heater. Scientists are conducting environmental tests on the land around Allen Benedict Court in …
POSTED SEPTEMBER 20, 2021 6:22 AM |
Southeast Senior Living Complexes Agree to Pay $450,000 in Settlement Claims over FHA, ADA Violations
The Justice Department announced that the developer and owners of eight senior living complexes in Alabama, Florida, Georgia, South Carolina and Tennessee have agreed to pay $450,000 to settle claims that they violated the Fair Housing Act (FHA) and the …
POSTED SEPTEMBER 20, 2021 5:30 AM |
People Moves: CAC Names Wonder Vice President; IOA Adds Dominguez in California
CAC Specialty added Nathan Wonder to its natural resources division in Denver, Colo., as vice president, surety. Wonder has experience in power and renewables. He has worked at firms like LaPorte Insurance and Brown & Brown. CAC Specialty is an …
POSTED SEPTEMBER 20, 2021 5:00 AM |
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