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News – Insurance Journal
Aviation Safety Whistleblower to Get $90K
The Federal Aviation Administration (FAA) agreed to pay $90,000 to an aviation safety inspector who faced retaliation for raising concerns about unqualified flight safety inspectors, a U.S. agency said Monday. The U.S. Office of Special Counsel (OSC) said the whistleblower …
POSTED FEBRUARY 25, 2020 1:36 PM |
Coronavirus Fears Drive Up Credit Risk for Gulf Crude Exporters
The cost of insuring against sovereign debt defaults by Gulf Arab states has risen in recent days as markets price the risk the coronavirus outbreak represents for the crude export-dependent region. Conventional spreads on the five-year credit default swaps (CDS) …
POSTED FEBRUARY 25, 2020 1:19 PM |
Coronavirus Update: On Decline in China But of Rising Concern in South Korea, Italy, Iran
Iran’s coronavirus death toll rose to 16 on Tuesday, the most outside China, heightening its international isolation as dozens of worst-hit nations from South Korea to Italy accelerated emergency measures to curb the epidemic’s global spread. Believed to come from …
POSTED FEBRUARY 25, 2020 1:14 PM |
Grant Will Help Virginia Test Schools for Lead in Water
The Environmental Protection Agency on Thursday announced it was awarding Virginia over $700,000 in grant funding to assist with identifying sources of lead in drinking water in schools and child care facilities. The $737,000 will go to the Department of …
POSTED FEBRUARY 25, 2020 12:44 PM |
Federal Appeals Court in New York Approves of $6.7M Award to Graffiti Artists
A federal appeals court in New York gave its approval Thursday to a $6.7 million award for nearly two dozen graffiti artists whose spray paintings at a once-famous site that attracted thousands of spectators were destroyed to make room for …
POSTED FEBRUARY 25, 2020 12:38 PM |
Vermont House Advances Climate Change Bill to Reduce Greenhouse Gas Emissions
The Vermont House has given preliminary approval to legislation that sets requirements and deadlines for reducing greenhouse gas emissions in the state. The so-called Global Warming Solutions Act was up for final approval on Friday. The bill would require that …
POSTED FEBRUARY 25, 2020 12:33 PM |
2 Tropical Cyclones Trigger Heavy Rainfall, Flooding in Jakarta
Parts of Indonesian capital and its suburbs were flooded after two tropical cyclones off the nation’s coast triggered heavy rainfall overnight, inundating houses in low-lying areas and causing a power outage. More than 80 spots of flooding were reported in …
POSTED FEBRUARY 25, 2020 8:05 AM |
Arch Capital to Buy 29.5% Stake in French Credit Insurer Coface
Arch Capital Group Ltd. has entered into a share purchase agreement with Natixis regarding the acquisition of a 29.5% stake in Coface, a France-based trade credit insurer. The transaction will be completed at a price of €10.70 per share, corresponding …
POSTED FEBRUARY 25, 2020 7:40 AM |
Newfront in California Names Cannabis Specialist Word Head of Agribusiness
Newfront Insurance in San Francisco, Calif., has named Seth Word principal and head of agribusiness. At Newfront, he’ll oversee all aspects of cannabis as well as agriculture and horticulture coverage. Prior to joining Newfront, Word founded and lead Cultivate Insurance …
POSTED FEBRUARY 25, 2020 6:00 AM |
LP Insurance Services in Nevada Names Cushard Vice President
Reno, Nev.-based LP Insurance Services LLC has named Brian Cushard vice president of strategic growth. Cushard will concentrate on acquisitions, operational enhancements and growth throughout LP Insurance Services. He was with Woodruff Sawyer and Beecher Carlson in before joining LP …
POSTED FEBRUARY 25, 2020 6:00 AM |
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