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Brickell Pulls Plug on Acquisition of Randall & Quilter; R&Q Plans Fundraise
Property/casualty speciality insurer Randall & Quilter Investment Holdings Ltd. announced its planned acquisition by Brickell PC Insurance Holdings LLC. has been terminated by shareholder Brickell. R&Q announced in April it agreed to be purchased by shareholder Brickell for £482 million …
POSTED MAY 26, 2022 11:55 AM |
Howden Gets Regulatory Nod to Raise Stake in Howden India to 100%
Howden, the international insurance broker, announced it has obtained approval from the Insurance Regulatory and Development Authority of India (IRDAI) to increase its shareholding in Howden India from 49% to 100%. The move is subject to post completion approval from …
POSTED MAY 26, 2022 9:01 AM |
Mexico Prepared to Sue U.S. Mining Firm Vulcan Over ‘Ecological Catastrophe’: President
Mexico will go to local and international courts if there is no agreement with U.S. firm Vulcan Materials over its mining activity in the eastern state of Quintana Roo, President Andres Manuel Lopez Obrador said on Wednesday. The Mexican government …
POSTED MAY 26, 2022 8:37 AM |
Iran Building Collapse Kills at Least 14 People
TEHRAN, Iran (AP) – Rescuers dug through debris Tuesday of a building collapse in southwestern Iran that killed at least 14 people, fearful that many more could still be trapped beneath the rubble as authorities arrested the city’s mayor in …
POSTED MAY 26, 2022 8:12 AM |
Risky Ship-to-Ship Transfers Keep Russian Oil Moving to China
A logistically risky and costly transfer of crude between tankers at sea highlights the steps at least one Chinese buyer is willing to take to ensure the smooth flow of oil from eastern Russia to Asia. Buyers are using creative …
POSTED MAY 26, 2022 7:36 AM |
Volkswagen to Settle UK ‘Dieselgate’ Class Action for $242 Million
Volkswagen settled its UK class action lawsuit for £193 million ($242 million) with more than 90,000 drivers impacted by the emissions scandal. No admissions of liability have been made by Volkswagen and the terms and conditions are confidential, according to …
POSTED MAY 26, 2022 7:10 AM |
Insurance Technology: Socotra Snaps Up Startup Portal; Marble Mobilizes Rewards App; RMS Unveils UnderwriteIQ; Vertafore Powers Tokio Marine Surety
Socotra Acquires Avolanta, Adding Unified Agent and Customer Portal Insurance carrier technology firm Socotra reports it has acquired Avolanta, a Columbia, South Carolina software startup offering a unified portal built for the insurance industry. Terms were not disclosed. Avolanta enables …
POSTED MAY 26, 2022 5:32 AM |
Can U.S. Gunmakers Be Liable for Mass Shooting?
An 18-year-old gunman stormed a Texas elementary school on Tuesday and killed 19 children and two teachers, reigniting a debate in the United States over gun control and the potential legal liability for manufacturers of firearms. Below is a look …
POSTED MAY 26, 2022 5:25 AM |
Florida Legislature Wraps Early with Insurance Fund, Roof and Condo Bills
By Wednesday morning, it was all over except for the speeches. The five-day special session on the insurance crisis turned into just three days, and without seeing adoption of a single significant modification to two bills that had been carefully …
POSTED MAY 26, 2022 5:01 AM |
Massive Blaze Damages Newly Renovated Newport Hotel
NEWPORT, R.I. —Three firefighters were injured battling a major fire at a recently renovated hotel in Newport, Rhode Island, fire officials said. The fire at the Wayfinder Hotel was reported at about 8 p.m. Monday and crews remained on the …
POSTED MAY 26, 2022 5:00 AM |
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